Hyperpersonalization is the next frontier for consumer engagement in financial services. Traditional FIs may be facing a disadvantage.
Within a decade, the form factor for computing will radically change from staring at screens with flat imagery, to participating in embedded virtual worlds with fully navigable, hyper-realistic environments. Those environments will be filled with software agents, some hybrid human and others entirely AI, that are entirely unrecognizable as anything but real to 90% of the population.
artificial intelligenceaugmented realityCryptodecentralized financeenterprise blockchainMetaverse / xRnarrative zeitgeistNFTs and digital objectsregulation & complianceventure capital
·In this conversation, we talk with Jamie Burke of Outlier Ventures. This is a fascinating and educational conversation that covers frontier technology companies and protocols in blockchain, IoT, and artificial intelligence, and the convergence of these themes in the future. Jamie walks us through the core investment thesis, as well as the commercial model behind shifting from incubation to acceleration of 30+ companies. We pick up on wisdom about marketing timing and fund structure along the way.
A recent book by McKinsey executives details the way to do digital and AI transformation. They enable and augment an existing strategy
Today's corporations and governments are in the business of defining the balance of these aspects of our participation in society and the economy. Beliefs about the immutability of different attributes about what makes a person (or an employee) and how economies are built (cutting the pie, vs. growing the pie) determine the policy decisions you make, top down. As the core example this week, let's take Deutsche Bank. Facing pricing pressure and headwinds in several of its businesses, Deutsche is responding with a plan to fire 18,000 employees by 2022 and an announced investment of €13 Billion in technology and innovation by 2022. They even spun up a hipster-colored neobank as a proof point. Wall Street ain't buying it.
artificial intelligencebig techdigital transformationenterprise blockchainidentity and privacyIndiaregulation & compliancetelecom & infrastructure
·This week, we look at:
IBM spinning out its managed services division with $18 billion of revenue in order to focus on hybrid cloud and digital transformation
Reliance Jio, the Indian mobile telecom provider with 400 million users, contemplating financial services with backing from Google and Facebook
The role that technology infrastructure plays in the delivery of financial services
Generative AI (GenAI) is the topic of the year, as more institutions turn to investment in the technology. This is just the beginning.
Instead of modifying decades-old transaction infrastructure, Spade provides better fraud protection by creating a new system. Customers like Sardine, Mercury, Unit and Ramp have improved their fraud models by more than 15% using Spade's real-time merchant intelligence for the card ecosystem.
In this episode, we connect with serial founder Ohad Samet, CEO of TrueAccord. Ohad has been working in fintech machine learning for a decade and a half, applying multi-dimensional mathematics to consumer finance. The result? A more empathetic approach to the traditionally gnarly problem of debt collection.
I came upon this announcement by Stephen Wolfram recently: Finally We May Have a Path to the Fundamental Theory of Physics… and It’s Beautiful. Wolfram is a theoretical physicist turned mathematician, computer scientist, and entrepreneur responsible for the rigorous Mathematica software. After a career of building one of the most advanced computational packages ever created, he is returning to the question that endlessly captivates geniuses — what is the equation at the heart of our universe?
Is there one unifying stroke of the pen that can connect conventional physics, general relativity, and quantum mechanics into a single whole? Wolfram is not conventional, and I cannot do justice to his thinking both given its complexity and rigor. He claims to have found one such answer, which I will try to sketch. But what drew my atten