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My pleasure Richard!

Thank you for highlighting this, dear Bryan! I will have a look.

The fine compared to the benfits Amazon has been enjoying over the years is really not that high. In Q2/2020, Amazon generated total net sales of almost 90 billion U.S.

OpenBankProject seems to offer a similar platform if I'm right. Accoridng to their website, they have been developing pioneering Open Banking concepts and technology since 2010. I'm interested to know and understand more about the USP of Moov. "developer-first approach of being open source, portable to cloud providers or on-premises, modular for customisation, and decoupled from any single bank program", this sounds quite impressive though!

Wonderfully clarified, dear Christopher! It definitely makes sense. Thank you very much!

Interesting read and I absolutely agree with you on all aspects. I'm looking forward to your blog about customer experience. In fact, implementing AI within the company for employees, senior management etc. is one challenge, but a bigger challenge is to reach the perfect relationship between AI and customer experience. You mentioned the value of data as primordial for AI success. If customers don't feel comfortable with sharing their data, it will become quite difficult. In my opinion, it's also a question of technology culture and the way customers deal with sharing data and their understanding of to what extent AI can help improve their experience.

Great read! Despite the ECB's readiness to respond with a digital solution to Facebook's efforts, it shows again that innovation is happening somewhere else and that classic banks are rather having a passive strategy which consists in reacting rather than pushing ahead the future of banks and fostering fintech innovation. As it's said in the article "the impending revolution in payments "requires us to stand ready to reinvent sovereign money"." When will banks start being the ones that revolutionize an outdated system rather than the ones being revolutionized? 

The intention is admirable and I was recently having a discussion regarding the lack of sustainability when it comes to bank cards. Now it's up to the banks and the question definitely is if they are willing and prepared to pay for the increase in costs or maybe the costs are even lower? I would be happy to subsidise for a greener product.

The move is impressive and it looks like a solution has been found to be Cloud Act compliant and GDPR compliant at the same time for Google Cloud. However, my question is who has really got access to the data of the Deutsche Börse? An interesting article here https://www.eff.org/de/deeplinks/2018/03/new-backdoor-around-fourth-amendment-cloud-act

I'm always impressed by the dominance of American cloud providers. They have been in the market for years and I believe that this will not change easily in the future. It is definitely interesting to be in such a growing market but the competitors are giants! The main challenge for AWS, Azure & Co. for me is to find a good solution for the disunity between Cloud Act and GDPR. This is something highly discussed in Europe, also because of the intransparency of both data protection laws/regulations.