Digital Attacker Banks’ Time Has Come

Digital attacker banks have demonstrated that they can delight customers, scale up quickly and expand into new products, geographies and customer segments. Digital attackers are lower cost, faster to innovate and can transform their traditional parents. As an alternative to embarking on a multiyear, hugely expensive systems transformation, some incumbent banks have launched attackers with the aim of transforming the core business. Continue reading Digital Attacker Banks’ Time Has Come

Will Thinking Outside the Box be Encouraged?

Thinking outside the box simply means that you’re willing to consider different solutions and methods for reaching your desired outcome. The most creative solutions often come first when you have already came up with the more conventional ones. It’s only when you have a range of options that you should sit down and choose the best.​ Continue reading Will Thinking Outside the Box be Encouraged?

A Case of Knightian Uncertainty | COVID-19

Frank Knight, an economist, formalised a distinction between risk and uncertainty in his 1921 book, Risk, Uncertainty, and Profit. In his classic book, Knight introduced a distinction between measurable uncertainty, which he called “risk,” and “true uncertainty,” which cannot “by any method be reduced to an objective, quantitatively determined probability.” Continue reading A Case of Knightian Uncertainty | COVID-19

Social Bubble: Welcome Development or Social Nightmare?

Drastically limiting people’s contact with others seems to be helping the countries stem the spread of the Coronavirus. But as economies slump, curve flattens, and people become fatigued with restrictions, governments around the world are now facing the challenge of how to ease their citizens out of lockdown without risking a second wave of infections, and there is no definitive rule book they can follow. New … Continue reading Social Bubble: Welcome Development or Social Nightmare?

Why Do We Make Bad Decisions?

Like everyone else, we’re subject to cognitive bias, a limitation in our thinking brought about by errors of memory, miscalculation or social attribution. Not all biases are negative, however. The placebo effect, for example, is important in the search for new medicines. This cognitive bias can be so powerful that by simply telling a patient a new drug will make them better, they begin to believe it. Continue reading Why Do We Make Bad Decisions?