Tom retweeted
Meet our dynamic panellists!🚨REGISTER NOW🚨 to hear change-makers & experts within #AI, #DigitalTransformation, #DataScience, #Finance, #Law & #Diversity debate the impact of #AI on Society imprl.biz/SID23 #ideas2impact2023
Is the logic chaining, purported ease, going to be the differentiator here vs the EU Open Banking based PFMs? I love the complaint use case; I’ve often thought there’s a data gap to systematically reverse engineer utility’s pricing models for consumers to haggle better deals.
I decided to outsource my entire personal financial life to GPT-4 (via the @donotpay chat we are building).
I gave AutoGPT access to my bank, financial statements, credit report, and email.
Here’s how it’s going so far (+$217.85) and the strange ways it’s saving money. (1/n):
Tom retweeted
I love this - Return On Hassle (ROH). It is such a key driver of consumer behaviour and one which institutions do not consider enough. Performance - price - hassle = value? Thank you for articulating.
Tom retweeted
2022 FinTech Innovation Lab London launch day 🚀
Orientation Week has begun! To kick things off our new cohort of 14 new #FinTechs will be getting to know our client partners and mentors. Here’s to a great 12 weeks!
#Accenture #FIL2022 #FinTechForGood #Innovation
Tom retweeted
This is such an interesting chart. Music publishers pass through ~75% of revenues to songwriters, while record labels pass through ~15% of revenues to recording artists
Spotify launched in the US 10 years ago this month. Here's my best take at how economics flow from a $9.99 monthly subscription.
Three takeaways:
1) Spotify only keeps ~33%,
2) Artists and songwriters don't get much,
3) Music is really, really complicated.
Tom retweeted
It's #GlobalMNDAwarenessDay - a day to raise awareness of motor neurone disease around the world.
• 6 people will be diagnosed today
• 6 people will die today
• It has NO cure
Please retweet our graphic highlighting the key facts. More people need to know 🧡 thank you! #MND
Tom retweeted
Second, data from Springboard show that footfall at retail locations was 71% of its level two years ago in the week ending May 22. It has been edging down since the week shops reopened, confounding hopes of a further pick-up after the service sector reopening on May 17 (2/3)
Tom retweeted
Shopify initially loaned $2000
Banks:
“But loans are not going to be make us real money at that level.”
The customer:
“We found Shopify Capital to be so valuable that we’ve returned for 10 rounds of funding.”
Last Shopify Capital round raised was $1m😗
techcrunch.com/2021/04/28/ho…
This graph from @alekswis in the @FT is remarkable. US data - that seeks to compare relative wealth between generations (Mils, Gen X, Boomers, etc). Great article on prospects for youth and the 'social contract' with older generations. ft.com/content/77d586cc-4f3f…
.@PrivateEyeNews has an incredible leak around the level of fraud on BBLs - a sample suggested 1/3 are ‘dodgy’ - that’d be c £15bn. @CityPolice letter implies no plans to do much about it either. Remember - public money not bank losses here.
Santander announces 550 branch closures (bit.ly/3rkk6FX) & flex working for 5k head office staff. Is it telling that public resistance to branch closures is not what it was (or are their voices not heard?). Similar news at Nationwide with 4.5k folk work from anywhere.
Might I propose the new work from home index: the roll out of city lunch providers (pret, zest, etc) to suburbia tracker!
Side: There was a great @Demos report (on.ft.com/3faLsM7) about remote work + levelling up. If you are a UK regionally head-quartered bank, does remote work now open up a much bigger talent pool? What's the contra impact on major FS hubs (e.g. London?).
Two years on, apparently not: "[the investigation] did not produce evidence of unlawful discrimination against applicants" on.ny.gov/3vZAqQ6; credit scoring is opaque but explainable, and additional card holders / spouses on the same card hold a different financial profile.
