This week’s must read Fintech news…
Out of the box thinking for digital transformation
- “You must transform your business to adapt to digital”
- “Your IT systems are out dated”
- “Your processes can cope with today’s fluid environment”
No, these are not statements my dad says to me in utter disappointment but more akin to what the top brass at banks all over the world must hear on a day-to-day basis. Well, Rabobank, the Dutch multinational bank that services the food industry, has taken a rather novel approach to address digital transformation – they’ve built a real life model representation of the bank!…See for yourself here.
England v Germany
We all know who won the 1966 World Cup but how do the two countries stack up when it comes to Fintech? CBI has some Insights to share with us…Right here.
Is Facebook about to monetise WhatsApp?!
Facebook’s flagship messaging platform, WhatsApp, has 1.2bn users across the globe and it looks like at long last they could be gearing up to monetise the platform. WeChat, the other giant messaging app, already offers its users the ability to make P2P transfers and purchase goods and service online. It seems WhatsApp could be about to follow suit by offering users in developing regions the ability to make P2P transfers.
The move towards monetising WhatsApp makes perfect sense as Facebook looks to develop new revenue streams as its advertising inventory across its social network site reaches saturation…Get all the details here.
The future economy with AI
So, many are referring to AI as the new electricity given its potential to transform countless industries, just as electricity did. Our friends at Visual Capitalist take you on a journey with a wonderful infographic that explores the various threads of the global economy that will be impacted by AI, finance included…Infographic this way.