Listen "#8 - Tim Swanson"
Episode Synopsis
Welcome to the latest edition of the podcast series: The Banker’s Plumber - Lessons Learned. What’s up in banking? What’s changing? What has gone wrong? What is going right?
Today we take a different look at something I am calling the “consortium conundrum”. Banks want to and need to become more efficient; produce the same for less or more for the same.
Digital assets and things DLT or distributed ledger offer a lot of promise. There is at least one easy explanation for the appeal of DLT; banks have to do a lot of collaborating in order to settle transactions, all that settlement stuff is expensive. DLT is a good collaboration tool, so let us financial services folk look what we can do with it.
Working on collaboration is all about infrastructure, trying to reduce friction and fragmentation. Getting enough banks to march in the same direction is really hard, unless there is a deadline. Herding cats.
What needs to be done, what works, what doesn’t?
In the previous episodes, we have had expert input from James Maxfield, MD at Ascendant Strategy and Keith Bear of Cambridge University's Centre for Alternative Finance. Legacy financial services types if you will.
Today, my guest is firmly from the world of today and matters FinTech. Tim Swanson is Head of Market Intelligence at Clearmatics in London and a long time commentator on the world of digital assets, crypto currencies and new forms of finance.
Today we take a different look at something I am calling the “consortium conundrum”. Banks want to and need to become more efficient; produce the same for less or more for the same.
Digital assets and things DLT or distributed ledger offer a lot of promise. There is at least one easy explanation for the appeal of DLT; banks have to do a lot of collaborating in order to settle transactions, all that settlement stuff is expensive. DLT is a good collaboration tool, so let us financial services folk look what we can do with it.
Working on collaboration is all about infrastructure, trying to reduce friction and fragmentation. Getting enough banks to march in the same direction is really hard, unless there is a deadline. Herding cats.
What needs to be done, what works, what doesn’t?
In the previous episodes, we have had expert input from James Maxfield, MD at Ascendant Strategy and Keith Bear of Cambridge University's Centre for Alternative Finance. Legacy financial services types if you will.
Today, my guest is firmly from the world of today and matters FinTech. Tim Swanson is Head of Market Intelligence at Clearmatics in London and a long time commentator on the world of digital assets, crypto currencies and new forms of finance.
More episodes of the podcast The Bankers’ Plumber - Lessons Learned
#11 - Gautam Gujral / Vertalo
05/07/2021
#10 David Potter - Islamic Finance
20/06/2021
#9 Colin Parry
09/05/2021
#5 More Operational Risk
13/02/2021
#4 The role of Operational Risk
24/01/2021
#3 Size Matters
09/01/2021
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