Rich Turrin
Industry Leader in fintech and digital transformation
Rich Turrin featured in the Corporate Investment Times The article covers Rich’s views on Innovation Adds Value,“Innovation Theater” Does Not. One of the most chronic afflictions for corporate innovation programs is something insiders commonly call “innovation theater”—where companies make a big show out of innovating while being far less effective at producing results. These companies …
Richard Turrin, the international best-selling author of Innovation Lab Excellence: Digital Transformation from Within, spent two decades as an executive focusing on FinTech innovation. He now lives and works in Shanghai, where he consults clients in the AI and FinTech space. Turrin’s position in China has given him one of the most interesting vantage points …
Rich an American living in Shanghai, with a unique view on the global impact of Corona was featured in an interview with Rik Coeckelbergs Founder and CEO The Banking Scene. Rich Turrin is a big voice on social media, a true influencer in the domain of innovation and financial services. He is the author of …
Shanghai’s recovery from COVID-19 is the stuff of legends, and the “new normal” your city will experience in coming months will probably resemble what we are experiencing here. Banks, offices, shops and cafés are open. Malls have shoppers. Even my yoga studio is back in business. By my own estimate, the city and its 25 …
COVID-19 is catching Neobanks in the middle of a coronavirus induced “flight to quality.” Investors are moving capital away from risk and toward the safety of larger incumbents. Preliminary figures from the Federal reserve show large cash movements into the larger incumbent banks, perhaps based on the belief that they are “too big to fail” …
Great chat with Tristram Waye that covered some critical elements for Innovation in Financial Services. One of my more fun podcasts because Tristram is another innovator who asked all the right questions. Topics include everything from my own career as an innovator, best practices, what really constitutes an innovation lab, China’s fintech innovation and CBDCs …
China is harnessing digital technology to screen arrivals to the country’s airports. It is an impressive digital effort that illustrates how digital technology can be called to action to help the government control what is now acknowledged to be a global pandemic. I just returned to Shanghai following a COVID-19 inspired extended New Year’s holiday …
It’s a good time to take a hard look at US neobanks following up on my hard look at the UK’s challengers some months ago. Is the new banking revolution all that it’s made out to be? And what about the traditional banking incumbents – are they making good on their promise to exploit digital …
Something amazing has happened in the fintech domain – and it seems to have occurred with little fanfare. It’s almost as though the industry would prefer to ignore it rather than celebrate its arrival. To back up a bit, fintech is celebrated as the driving force in providing banking to the unbanked, lowering brokerage fees, generating …
It’s a good time to take a hard look at neobank apps. Is the new banking revolution all that it’s made out to be? And what about the traditional banking incumbents – are they making good on their promise to exploit digital opportunities and catch up? I believe that the next wave is upon us, …
I have been relatively silent on Facebook’s plans for its game-changing Libra currency. In part due to summer holiday, but also because I wanted the dust to settle a bit before commenting. Libra is certainly a massive undertaking and whether you like Facebook or not, you have to at least give them credit for thinking …
People are asking, “What’s inside “innovation Lab Excellence?” Here is a chapter by chapter overview of what’s in the book. Read this and there will be no surprise what’s inside. What will surprise you is how easy it is to make your lab and digital transformation more productive. 💥 I am grateful for the messages …
I’ll give it to you straight: Innovation labs are necessary to promote digital adoption in your company. Yes, I criticize them now and again, but that is solely intended to temper—to moderate—the attitude toward them. I am not a proponent of the over-hyped claims of digital nirvana that some consultants shill with a lab’s start-up. …
So, GAFA (Google, Amazon, Facebook, Apple) payment systems are back in the news again with Amazon’s pending entry into the market. Much like a trendy restaurant opening, the anticipation is palpable. And tables will book, given that one-third of Generation Z consumers (projected to account for 40% of all consumers in the USA by 2020) …
http://www.lattice80.com/lattice80-fintech-50-singapore-top-influencers/ Click link to the left for article and list. From the Lattice80 Article: Singapore has long established itself globally as one of the most active hubs for fintech and innovation, a true Asian and global leader. This comes in addition to Singapore’s place as an important finance hub in Asia and the world. Massive …
Another day, another crypto exchange hacked. Maybe it’s just me but something is seriously wrong if the payment system of the future is being plundered with such frequency. I needed to see for myself what these losses really meant in terms of my crypto trading and what I found was rather shocking. So …
Another day, another article about how some new technology is going to change everything. Nirvana is ours, if only we implement the technology in full and then sit back and reap the rewards from our investment. All of these articles and their over-hyped claims ring hollow because they fail to recognize the human component in …
Two relatively recent technologies that are constantly cited as the new must-have business tools are AI and Blockchain. While radically different, they, along with the Cloud, are commonly lumped together as the so-called “Digital ABCs” which will revolutionise how transactions take place between companies, clients, and customers. But their frequent pairing as drivers of progress …
In my last article about chatbots, The Chatbot Economy, I explored how the emerging chatbot economy would change our “app”-centric world. In this article we’ll take a look at why chatbots seem to be so polarizing, and what we can do to make your clients love them. I experience the polarization first-hand whenever I talk …
One of the great difficulties facing any new technology is pinpointing what to do with it. I’m sure that there were heated debates as to what to do with fire when it was harnessed, in other words how best to use it. What was not disputed is that fire was hot and hurt when touched. …
The digital revolution continues, and we are bombarded daily with the breathtaking innovations made by large companies in their adoption of digitization. Or so it seems. Within the innovation community much has been made about “innovation theater,” which could be defined as making a show of innovating, while being less impressive in its actual adoption. …
Digital innovation laboratories are everywhere — and observant onlookers have had a few years to evaluate the results. I’ve had the privilege of meeting many of Singapore’s bank and insurance innovation teams and have heard numerous inside stories that give me a unique perspective on their successes and failures. In most cases, the labs haven’t truly succeeded in bringing innovation …
Fintech Panel Discussion, The Future of Wealth Management & Private Banking with the increasing impact of Robotisation.
