The Future of Money at Sibos

I will be on the Future of Money panel with a lot of great minds at Sibos in Toronto later this month. And yes, I do think there is a role for banks in the future. :)

 

Innotribe focus session: Future of Money – is there still a role for banks?

Thursday 22 September 09:00 - 10:30 Conference room 3

New payment schemes are trying to enable peer-to-peer money transfers, dis-intermediating the banks. Money is no longer seen as the sole representation of value. New alternative currencies are being created. Facebook credits are now used by more than 250 million people. New payments schemes are being proposed at the infrastructure level of the internet. Currency is open-sourced. How can we create new systems of wealth generation and abundance? What does the future hold for banks and other financial institutions in the wake of massive peer-to-peer exchange? How do we (re)define the role of banks in this fast moving eco-system of new value providers?

 

Comments

[Portland Firefly]

You look AMAZING!!!!!!!!!! I love your jacket --- you are total eye-candy... no one (except blind men) will hear a word you are saying because you look so beautiful and confident! Yes, I am related to you! And I am totally unbiased in my praise!

[David K Waltz]

This will also create problems for economy managers - due to difficulties measuring and managing money supply - and makes for a wilder economic ride - more and higher ups, more and lower downs.

[heathervescent]

Well David, it COULD make it a wilder ride - but it could also smoothen out the roller coaster. Increased diversity in the eco-system has the possibility of balancing loops that are out of whack.

I'm not going to assume anything. :)

It also allows "green fields" for new products and services. Products and services that can be built with the values of encouraging diversity and smoothing out the overall ride. (For example, look at individual stocks to composite funds. Also certain stocks and funds are tied to various risk levels... you can choose the variability of the risk ride: thus increasing or decreasing the roller coaster loops.