Writings from Rich Turrin
Neobanks Can’t Fight the COVID-19 “Flight to Quality.”
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”… Read More
Podcast: Innovation in Financial Services, China’s Fintech Innovations, CBDC
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… Read More
China DOA: “Digital On Arrival”
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… Read More
Do US Neobanks Spark Joy in their Users? AI Gives us the Answer
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… Read More
Fintech’s Pawn in the Geopolitical Game, Thank China.
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… Read More
Do Neobanks Spark Joy in their Users? AI Gives us the Answer
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,… Read More
Libra Tipping the Balance
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… Read More
A look inside Innovation Lab Excellence
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… Read More
Learning to Love Innovation Labs. What would you do without them? (Video)
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.… Read More