One of the key ingredients for success among many of today’s most valuable companies is their ability to maintain and orchestrate their position in a digital ecosystem. This differs from most companies emerging from the brick-and-mortar space, which are built around linear value chains and industrial business logic. How should companies approach this crucial transition, what are the key components, and how do you create value from digital ecosystems?
Hvorvidt kryptovaluta fortsetter himmelferden eller stuper mot helvete er tilnærmet umulig å spå, men det er i det store bildet mindre interessant. Gjennom en rekke opp- og nedturer har kryptovalutaer vist at den underliggende teknologien har blitt mer robust og effektiv over tid, samtidig som at troen på ideen om en desentralisert valuta har nådd kritisk masse for å opprettholde kryptovaluta som en aktivaklasse, døgnåpent handelssystem og vekslingsmedium.
I lang tid har standardiserte grensesnitt for datautveksling, også kalt APIer, vært forbeholdt IT-avdelingen. Kartlegging av kundenes personlige økonomi er ofte en kompleks oppgave som krever innhenting av data fra en lang rekke datakilder. Med smart bruk av teknologi, er det mulig å både gjøre innsamling av data mer effektivt og mer presis. Tilgangen på verifiserte data fra troverdige kilder vil kunne ha en stor påvirkning på rådgiverens hverdag. Fremfor å bruke tid på å innhente og etterprøve informasjon fra kundene, kan tiden brukes på god rådgivning.
Attempting to predict the future is always risky business, and if annus horribilis 2020 taught us anything, it is how a true black swan event such as COVID upended most plans and predictions for the year we are leaving behind. As we enter the next year, I Look at the future with optimism as the year of the great recovery. However, the world will not revert to its pre-COVID state, and these are some of the technology trends that will shape 2021 and beyond.
Alt som kan digitaliseres vil digitaliseres og smart bruk av teknologi kommer til å gjennomsyre alle funksjoner i samfunnet. Denne utviklingen er eksponentiell av natur, og det er nødvendig å venne seg til en stadig raskere endringstakt. Dette er ingen engangshendelse, men en kontinuerlig prosess, noe finansbransjen har vært underlagt siden tidenes morgen. Hvilken rolle vil finansrådgiveren ha i en fremtid der stadig mer av kundeinteraksjonen skjer digitalt og selvbetjent?
Digital transformation has been a hot topic for a while, and as we suddenly found ourselves facing a global pandemic, the need for digital transformation accelerated even more. However, the path from words to execution is long and cumbersome, and few digital transformation efforts fail to produce the expected outcomes. Why is that so, and what can we do about it?
A couple of weeks ago a former colleague and friend asked me for career advice, which got me reflecting on my own path to where I am today, and gave me the motivation to share some of my thoughts on how I managed to get ahead in the game of corporate snakes and ladders.
Embedded finance offers an tremedeous opportunity, as is shown in this in-depth analysis of the $7.2 Trillion embedded finance market opportunity, focused on the strategic importance for banks and insurers.
Almost four years ago, I decided to make a big change in my life as I accepted the role as CDO in Sbanken, including a weekly commute from Oslo to Bergen. It may be the worst-kept secret in the industry that I considered my missions in the bank as accomplished and decided to move on during the first quarter of this year, but as my last day in the bank is approaching, it is time to announce my departure.
Ideally, leaders should be able to act in the present, while thinking in the future. However, one of the common pitfalls of incumbent companies is the tendency to be stuck in a reactive cycle. We have all been there. Your to-do-list is packed, your calendar has barely time for lunch, and the triple-digit number of unread emails is constantly acting as an indicator of falling behind. Chances are that most of you would stop reading by now to move on to the next task at hand.
This weekend Apple acquired mobile payment company Mobeewave, a Canadian-based startup that allows merchants to use their smartphone as payment terminals without any external accessories. What will this mean for banks and the payment industry?
Of all the forces predicted to challenge and disrupt banking and financial services, open banking has proven to have a staying power that stretches beyond the initial hype. The remaining question is whether this paradigm holds up when it comes to producing tangible results.
In an age where digital distribution challenges every industry, companies should take their time to understand their position in the supplier/distributor relationship. Should you provide an unprecedented user experience and distribution platform, or should you develop content to those platforms? There is no definitive answer, and depending on your starting point, there are various recipes for success.
Regjeringen la forrige uke frem forslag til ny finansavtalelov, og selv om vi alle har god grunn til å applaudere det sterke forbrukervernet vi har i Norge, vekker forslaget om rettigheter og ansvarsbegrensninger ved bruk av digital signatur grunn til bekymring.
Out of every crisis, there will be opportunities. Where the current pandemic has acted as a black swan event in some cases, it accelerates several of the trends already pushing towards a digital future. In an age where incumbents already are facing a perfect storm of changes that challenge existing business models and processes, COVID-19 has proven to accelerate some of the trends that have been pushing this storm towards a reality.
No matter which industry you belong to, becoming data-driven is crucial in how you run your organization going forward. Although the use of data in everyday business is nothing new, becoming truly data-driven is imperative for success in a rapidly changing world. What does it take for an organization to move from assumptions and gut-feel to become truly data-driven?
The concept of central bank-issued digital currencies has been the talk of the town in the crypto- ad banking communities for a while, but as we are getting into the new decade, news of various central banks either researching or announcing that they will launch digital currencies that have exploded. What are the motivations behind this rise in popularity, what are the potential consequences and does national bank-issued digital currencies make sense in a borderless digital world?
By now, we’ve all heard the talks of mobile wallets becoming the one app to rule them all that eventually disintermediates banks from the customer relationship. However, reality has failed to meet expectations so far. Although mobile wallet adoption is slow, activities are picking up the pace, and the main players are not the incumbent banks.
Our friends at at the Factory has updated their excellent map of the Norwegian fintech landscape. From a moderate start only a few years ago, fintech has grown to a sizeable area in Norway.
Defining a strategy is easy. Transforming those slides and spreadsheets into action is the tricky part. Instead of presenting an endless barrage of charts, boxes, and figures, leaders should embrace storytelling as a tool to inspire and engage the organization.