Next Bank Asia : Disrupting Banking – Derek Sivers

mickyates Entrepreneur, ideas, Innovation Leave a Comment

Entrepreneur Derek Sivers always has a knack of presenting clear, innovative ideas in a compelling and helpful way.

Here’s a recent talk he gave in Singapore addressing a room of bankers about eliminating friction and serving tech entrepreneurs.

Derek’s main points:

  • The biggest bank in 20 years will be one that doesn’t exist now.
  • Disruption starts by serving the low-end market
  • Internet entrepreneurs are the low-end market for banks
  • Banking is the bottleneck of entrepreneurship
  • Singapore is the place this disruption could/should happen
  • To protect your business, be paranoid. To advance, be fearless.