The Future of Finance Meetings

Open Data

The Future of Finance Meetings for 2021 will bring together a variety of high-profile financial speakers.  We will host a series of discussions, articles and interviews across all of our chosen themes:  Data, Digital Identity, Securities, Asset Management, Law and Regulation, Payments, Money, Insurance, Pensions, Real Estate, Technology and Funding FinTechs.  Follow this page for further updates.

  • 15/03/2021 - Dominic Hobson 0 Comments
    Open Data is a general purpose technology that is going to make or break your business

    The vision of Open Data is a compelling one. By giving consumers and smaller businesses (SMEs) the tools, the power and the confidence to access and use their data to demand more of their service providers.


    By this means, Open Data will make markets work better, drive innovation, lift the rate of economic growth and create a healthier society free of the attention-seeking activities of Big Tech.

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  • 15/03/2021 - Dominic Hobson 0 Comments
    Open Data is a general purpose technology that is going to make or break your business

    A general purpose technology is one which can re-define entire economies and societies. It is now clear that Open Data, or digitised information fed into artificial intelligence (AI) machines capable of formidable feats of computational statistics, are such a technology. If the leadership of your business has not grasped this, the business in which you work will eventually fail, just as horse-drawn carriage and steam engine owners and manufacturers succumbed to the railroads, electricity and the internal combustion engine.

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  • 23/02/2021 - Dominic Hobson 0 Comments
    Data is not the new oil – it’s the new electricity

    The most powerful technology yet invented by man has had virtually no effect on productivity and, by extension, the overall standard of living. Yet computing was never about the technology, but always about the information. And information, to quote Heinz von Foerster, is “order wrenched from disorder.” With AI algorithms now doing exactly that to the ever-increasing store-houses of digital data, computing technology might at last be on the cusp of fulfilling the destiny of any general purpose technology: to transform everything. The best way to help it do that, writes Dominic Hobson, is to place the ownership of data in the hands of the people that create every company that exists: consumers.

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  • 22/02/2021 - Interview 0 Comments
    With data in their hands, consumers can intimidate anybody

    The blockchain era has spawned a great deal of innovation, but its most lasting impact might well lie in the fact it forced us to think more imaginatively about data. A decade ago, every business wanted to be the next Facebook or Google, by selling its data to third parties. Today, the coming businesses are those which have grasped that data naturally belongs not to corporations but to consumers because, once consumers wake up to that fact, a lot of apparently successful businesses are going to be seriously discomfited. One person who has mapped a future in which computers steaming data are the constant companion of consumers is David Shrier, author, futurist, co-founder and CEO of Esme Learning Solutions, and professor of practice at Imperial College Business School. He spoke to Dominic Hobson about the role of data in trust, identity and democracy, the future of the financial services industry, and how to forge a successful path into a future in which everyone is connected by computers and informed continuously by algorithms processing streams of data.

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  • 09/02/2021 - Interview 0 Comments
    If you think the Internet is useful, just wait till you can use the Datanet

    What would happen if we could identify and find and grant access to individual bits of data on the Internet as easily as we can reach people and companies through their internet addresses? What would happen if machine learning algorithms could be trained on data sets wherever they were? And what if we could do both these things without breaching privacy or confidentiality? We would have the power to create digital marketplaces in virtually anything, enable governments, companies and people to work off the same set of data with sharing the raw data, speed up and cut the cost of production processes and supply chains, empower everyone to control and get paid for their personal data without having to share it with anyone, and not only accelerate the adoption of data standards but make it much easier to translate between them. In short, we would have a new application of the Internet: the Datanet. Dominic Hobson asked Philip Treleaven, Professor and Director of the UK Financial Computing Centre at University College, London, how close we are to the Datanet.

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  • 11/11/2020 - WENDY GALLAGHER 3 Comments
    Data is not the new oil - it's the new electricity

    A FUTURE OF FINANCE WEBINAR WITH REGULATORS, FINTECHS, ACADEMICS AND INDUSTRY PROJECT LEADERS


    TUESDAY 2 MARCH 2021, 14.00 - 15.00 UK TIME

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  • 27/08/2020 - Interview 0 Comments
    Interview with Sam Seaton

    Consumers are increasingly restless about the trade they have made with Big Tech: free services in exchange for personal data. They do not believe they can do anything about it, but in fact they can. What Big Tech has proved is that data is valuable and powerful. So what would happen to the balance of value and power between consumers and Big Business if consumers owned their own data? To find out, watch the Future of Finance interview with Sam Seaton, CEO of Moneyhub.

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  • 12/08/2020 - Dominic Hobson 0 Comments
    FROM OPEN BANKING TO OPEN FINANCE

    A SUMMARY AND FULL REVIEW OF THE DISCUSSION AT THE WEBINAR ON 27 JULY 2020 Part I

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  • 31/03/2020 - Article 0 Comments
    Challenger banks are unable to capitalise on Open Banking

    The much-heralded arrival of Open Banking has proved a disappointment. Neither the second iteration of the Payment Services Directive (PSD II), nor the concomitant efforts of the Competition and Markets Authority (CMA) to use digital technology to widen consumer choice and improve customer experience in retail banking, have had much effect.

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please contact wendy gallagher WENDY.GALLAGHER@FUTUREOFFINANCE.BIZ

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