Whitepaper: How banks can boost their performance with AI

ICT Luxembourgictlux has released a Whitepaper on AI in Banking, which is leading the way in my opinion – giving food for thought and also paints a picture that we probably all (can) share in one way or another. I strongly recommend the read. It has been a collaborative effort of many parties and surely they are aiming at showing the attractiveness of Luxembourg, but I believe this is much broader. You can download the paper here.

Cash or no cash? Sweden is facing some difficulties with this discussion. Or rather the facts.

bloombergFor some time the Nordic countries, specifically Sweden, have been known for being the first who want to scrap cash altogether at some point in the not so distant future. Perhaps they have gone too far? At least that is what Bloomberg reports – because there seem to be increasing challenges connected with it. After all, it is not so easy to replace a full blown eco-system with another one. Read the full report, which I find most worth reading, right here.

The Future of Payments: Which Game Changing Technologies Will Affect the Retail Industry

payments journalWhile our industry – like any other – is facing massive disruption (or re-invention rather in most cases), some changes could lead to a dramatic shift in how things are being done. From a Consumer perspective mostly. The Payments Journal has written a summary and analysis of what is coming up, or better may be coming up, and identifies autonomous cars, augmented reality and AI so mention some. The underlying technologies being available, some being the same as for mobile payments – just that it does not happen on a phone. I find this a piece much worth reading. Find the whole article here. 

WEF: How Europe can build a Silicon Valley

wef_0There is lots of intelligence at the World Economic Forum – but this piece I like in particular for many reasons. Mostly, because it is honest and realistic. It simply just does not work that some city or metropolitan area tries to be the „Silicon Valley of XYZ“ by proclamation. Too many ingredients make the actual Silicon Valley what it is and next to public-private partnership and the close-tied web of relations, the cluster, the special openness to change, itarations and – yes – failure. Adoption of change and embracing of change. And let´s be fair, also the Silicon Valley is subject to change and has been time and time again. Currently the hottest companies leave the traditional „Silicon Valley“, named after the Semiconductor-Companies there, to be headquartered im San Francisco. So really we should talk about the greater San Francisco Bay Area. There will not be two areas of this kind on this planet, because you simply cannot replicate everything AND fill it with life, just because it is a political will. And especially this won´t work for a city or even one single European nation. So I like the analysis provided in this great article of the World Economic Forum: How Europe can build a Silicon Valley. 

Bitcoin still struggles to be used as money

For paymentssourcedigital-marketing agency Cooperatize.com, taking bitcoin for payment was easy enough, all co-founder Roger Wu had to do was obtain a digital wallet. To promote the move in 2014, he even penned a blog post for Forbes explaining the decision. A great read on PaymentSource.com – you should read the full article here.