AI, Superapp, And Crypto Card Sharks: Exposing The Hidden Cards
Richard Turrin
Helping you make sense of going Cashless | Best-selling author of "Cashless" and "Innovation Lab Excellence" | Consultant | Speaker | Top media source on China's CBDC, the digital yuan | China AI and tech
Artwork of the day: The Cardsharps, Caravaggio, c. 1595
Caravaggio was one of the pivotal figures in the history of Western art. In his short lifetime, he created a theatrical style that was as shocking to some as it was new, inspiring others to probe their subject matter for the drama of psychological relationships.
In The Cardsharps, the players are engaged in a game of primero, a forerunner of poker. Engrossed in his cards at left is the dupe, unaware that the older cardsharp signals his accomplice with a raised, gloved hand (the fingertips exposed, better to feel marked cards). At right, the young cheat looks expectantly toward the boy and reaches behind his back to pull a hidden card from his breeches. Caravaggio has treated this subject not as a caricature of vice but in a novelistic way, in which the interaction of gesture and glance evokes the drama of deception and lost innocence in the most human of terms.
AI Inequality: The New Divide in Banking’s Future
66% of banks are "slow starters" disproving AI hype.
The banking sector is on the brink of a future defined by 'AI inequality.'
Those with advanced AI capabilities will emerge as the new leaders, while others will struggle to survive. This will lead to a surge in buyouts becoming the norm.
AI hype would have us believe all banks are diving in, they're not. Read the reality of Bank AI progress: HERE
Genuine Asian Bank Superapps are Far From Inevitable, and Most Will Fail
Big Tech dominates Asia's superapps because building one is anything but "easy."
Bank superapps are anything but “inevitable,” and any report that says “Launching a SuperApp is easy” deserves to be called out as total BS!
There is nothing inevitable about bank superapps!
Read how I debunk this report and claim the authors are negligent: HERE
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Real-Time Payments: Banks’ New Opportunity, Not a Threat
Banks are like a deer trapped in the headlights, incapable of action.
Real-time payments are exploding globally, and while banks should see them as an opportunity for broader open finance initiatives, the grim reality is that most are still frozen in fear.
Read why banks get RTP wrong! HERE
FBI: Americans Lost $5.6 Billion In Cryptocurrency Scams Last Year!
Crypto needs to clean up its act if it is to become the financial system of the future, as it boldly claims.
Regular readers will know that I've stopped writing about crypto, aside from covering stablecoins, and this FBI report shows why.
Read how crypto investment fraud is 25x that of non-crypto fraud: HERE
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Head of Digital Financial Services at Finance House | Fintech Strategy Expert | ePayment & Open Banking Pioneer | Driving Digital Transformation & Market Expansion
1 个月It’s fascinating to see how AI and real-time payments are evolving in the banking sector. Do you think smaller banks will ever catch up to big banks when it comes to AI, or is the gap just going to keep getting bigger? Thanks for sharing these insights, Richard Turrin
Director of Finance | Driving Financial Growth with Expert Analysis | White label Payment Systems | Tech Builder | Cross Border Payments | Prepaid Cards |
1 个月Insightful dissection. Peeks behind veil, intriguing perspective. Curious counterpoint?
Co-founder | Pragmatist | Result Oriented | Director of Technical Operations @ Payomatix | Contact for anything related to payments | [email protected]
1 个月Insightful analysis. Curious perspectives on hidden agendas.
Developing next genration global B2B trade aggregator platform | F10 Incubated | Antler Entrepreneur | Global B2B Fintech
1 个月Real time payments through account to account will gain more traction.