presentations → Next Bank Asia: Disrupting Banking

watch:

transcript:

I was surprised when I was asked to speak at a banking conference, but they said they wanted it to be disruptive and untraditional, so I said yes. I’ve felt so much frustration with banks, that I thought this a fine time to vent.

Main points:

• The biggest bank in 20 years will be one that doesn’t exist now.
• Disruption starts by serving the low-end market
• Internet entrepreneurs are the low-end market for banks
• Banking is the bottleneck of entrepreneurship
• Singapore is the place this disruption could/should happen
• To protect your business, be paranoid. To advance, be fearless.