james mitchell, ceo of strategic blue at cloud camp london - banks vs tech - brokerage
DESCRIPTION
Dr James Mitchell, CEO of Strategic Blue, and recovering banker. 'Comparing Information Brokerage in Banking and Tech' - Google has already searched the entire web for the most relevant answer. So just borrow Google's answer. Your bank has already searched the money markets for the cheapest loan. So just borrow from your bank. Both Google and modern banks invest in technology to acquire economies of scale in knowledge accretion, allowing them to broker information. Any company can be a "Tech Company", if they apply tech to what they do. Banks are no different.TRANSCRIPT
Comparing Information Brokerage in Banking & Tech���
Dr James Mitchell, CEO of Strategic Blue, founder of Cloud Options, recovering banker [email protected]
@cloudoptions
www.cloudoptions.com
CloudCamp London 11th September 2014
! Finding the right cat information – needle in a haystack?
! Easier to go through a broker who has already sorted it
! So does that make Google a “tech company”?
! Finding the right Lego piece – needle in a haystack?
! Easier to buy through a broker who has already sorted it
! Even easier if you can do it online…
! So does that make Lego a “tech company”?
! Finding the best price for pork – ask every pig farmer?
! Easier to go to an exchange who has curated all the offers
! Even better if you can do it online…
! So does that make Chicago Mercantile Exchange a “tech company”?
! Information Arbitrage ! Sell when you KNOW you can buy cheaper elsewhere
! High Frequency Trading CANNOT be done without tech
! Does that make Arbitrage Traders really tech companies?
! Both approaches monetise information ! Tech approach minimises financial risk ! Finance approach looks at risk / reward
Tech Company Finance Company
Largest Use of Capital Technology Development Cash Management
Biggest Risk to Company Poor technology Poor cash management
Informa>on Mone>sa>on Provide Informa>on for a Fee Use Informa>on to mi>gate risk
Tech vs Finance���
Technical Risk Requiring
Technical Excellence
Financial Risk Requiring Financial Excellence
FINTECH
Dr James Mitchell, CEO of Strategic Blue, founder of Cloud Options, recovering banker
[email protected] @cloudoptions
www.cloudoptions.com