My guest for this episode is the wonderful Keith Bear. Keith is an industry veteran who has seen and helped banks and their infrastructure evolve over a number of economic cycles. Keith Bear is an IBM alum and is now a Fellow at the Cambridge Centre for Alternative Finance at the Cambridge Judge Business School.
With his many years of experience Keith is well placed to talk about the challenges around driving change in financial services. He has coined the phrase: "The trouble with utilities"
Takeaways from our chat:

Although market convention & regulation drive our costs, there are plenty of functions in banks which are both undifferentiated and costly to operate, driving opportunities for sharing or mutualisation; post-trade & KYC are among them

He shows where utility projects have worked and he talks about where things fail and why

From his work at Cambridge, Keith highlights that in the DLT world that for those projects which are successful

It takes some 24 months to move between a PoC and production

75% of them are founder-led, in other words, a central driving force rather a consortium of equals

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