Recently in Financial services Category
On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. The video of the TV news segment (start at 09:05) is available online until 19 May. It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks,
Continue reading Can cyber-crime result in global financial systemic risk?
Yesterday ABC News featured a story on crowdfunding, providing a quick overview of the space for a broad audience. An edited version of the segment on the 7pm News also appeared on The Business program. Click on the image to see a video of the news segment. Having spent quite a few years working in
Continue reading Crowdfunding creates a new layer of capital markets and new layers of value
I just came across the excellent visual presentation at the bottom of this post by information designer Gong Szeto on Design as Derivative: Weapons of Mass Disruption. Source: Gong Szeto Financial derivatives are collectively one of the most complex human-created domains, which systemically can have a massive impact in the real world.
In my presentation at yesterday’s media launch of ANZ’s Banking on Australia program, I spoke about new ways of making payments using biometrics. An article in today’s Australian Financial Review reports: “Biometric security” involves using fingerprints, voice records or eye scans to access secure systems instead of number-based passwords, which are much easier to steal
Continue reading The ultimate in convenient banking: make payments by thinking
The future of banking: biometrics take over cash, payments in fluid economy, personal digital agents
This morning ANZ announced its Banking on Australia program, in which it will spend $1.5 billion over the next five years to reshape its business and invest in digital technology, with the immediate launch of a range of digital initiatives. At the media event announcing the program at ANZ’s headquarters this morning I spoke about
This post was first published on the Getting Results From Crowds book website. Today the Australian Securities & Investment Commission (ASIC) issued a wide-ranging guidance on crowd funding. The guidance in essence recognizes crowdfunding and clarifies the current legislation that applies to the area. It notes that if crowdfunding activities “produce financial benefits” then they
One of the most important dynamics in almost all industries today is how value creation is increasingly shifting to be between organizations rather than within organizations. Most notably, the nature of client-supplier relationships have dramatically shifted over the years. This is not new. I have spent considerable time working with the institutional financial services sector,
A few weeks ago I gave the keynote at the IT Nation Golden i Gala and Awards and earlier in the day ran a CIO workshop on Creating the Organisation of the Future. In my brief time in Luxembourg I learned about some of the many things that are happening in the tech scene in
Continue reading How Luxembourg is playing to become a technology hub
Last week I spoke at the annual meeting of a division of a major bank. It was a one-hour event, with a live audience of several hundred, and a few thousand who worked in other locations watching via a live webcast. Given the pace of change in their business and their overt focus on innovation,
Continuing my ongoing coverage of the state of equity crowdfunding, news is just out that a Republican bill proposing that crowdfunding be allowed will get support from the White House. This is not too surprising given the White House recently explicitly supported crowdfunding in the context of the Obama Jobs bill, but is still a
Continue reading Latest: Equity crowdfunding coming shortly? Congress offers bipartisan support
The September issue of Harvard Business Review focused on complexity, with several excellent articles. One of the pieces was an interview with Michael J. Mauboussin, the chief investment strategist at Legg Mason Capital Management, whose investment approach is fundamentally based on understanding complexity. His answer to the last question in the interview was very interesting:
Continue reading Why diverse viewpoints are critical in dealing with complexity
This morning I gave the opening keynote for an internal future strategy session at a large insurance company. A group of 40 executives from across the organization, as part of a six month program, are spending two days immersing themselves in thinking about how the structure of the economy could change in the years and
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About the Blog author
Ross Dawson is globally recognized as a leading futurist, entrepreneur, keynote speaker, strategy advisor, and bestselling author. He is Founding Chairman of AHT Group, which consists of 3 companies: consulting, publishing, and ventures firm Advanced Human Technologies, future and strategy firm Future Exploration Network, and events company The Insight Exchange.
Ross is author most recently of Getting Results From Crowds, the prescient Living Networks, which anticipated the social network revolution, the Amazon.com bestseller Developing Knowledge-Based Client Relationships, and Implementing Enterprise 2.0. (click on the links for free chapter downloads). He is based in Sydney and San Francisco with his wife jewellery designer Victoria Buckley and two beautiful young daughters.
Books By Ross Dawson (Incl. Free Chapters)
Articles and Reports
Future of Media Report 2008
Future of Media Report 2007
Future of Media Report 2006
Executive Insights into Enterprise Social Network Strategy
Future of the Media Lifecycle
Future of Media: Strategy Tools
Executive Insights into Enterprise 2.0
Web 2.0 Framework
Trend map 2007+
Extinction Timeline
SAP White Paper: Service Delivery Innovation
White Paper: The Seven MegaTrends of Professional Services
CNET/ University of Virginia White Paper: How Technology Purchasing Decisions Are Really Made
PM Network magazine's lead article on virtual teamwork (440KB), featuring Ross Dawson on the cover
Microsoft Strategic White Paper: How To Lock-in Your Clients (1.1MB)
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