Another week for Cruxy & Company immersed in the world of Technology.
Our CEO, Carrie Osman, was part of two vigorous panels at the Blockchain Summit and Metro Bank Tech Breakfast, discussing everything from Blockchain application to what SMEs value from banking providers.
Beyond that, Carrie Osman featured in the Guardian alongside Cruxy friends Charlotte Jee, Liz Lumley, Cathy White and Sharon O’Dea in their continued fight against male-dominated panels.
So what were the 3 key takeaways from the week?
The need to translate talk surrounding Blockchain into ACTION
In Asia, all the talk around HOW Blockchain is going to change various industries is supported by both use cases and actualised results whereas in the UK there is seemingly more talk and less action. To put this into perspective, only 1 of the 3 panellists on the discussion our CEO led could name a firm which they truly believed were using Blockchain effectively and that would flourish in the next 5 years.
We fear that the industry may still be flooded by people who have made a quick buck on the bitcoin boom, set up a ‘Crypto Hedge Fund’ and are now adding no actual value to the ecosystem due to a lack of real knowledge about the underlying technology…
Blockchain has the potential to revolutionise cross-border money transfers
Within the last few months, Santander released an app – ‘One Pay FX’ – that offers same-day cross-border transfers by leveraging Ripple technology, rather than the three days it takes using conventional methods. Similarly, Crédit Agricole is running a pilot on the Ripple-developed blockchain to make life easier for customers who live near the Swiss border. The system’s integration to an FX platform means customers are able to transfer their salary paid in Swiss francs to their French bank account in a matter of minutes. We believe it is likely that by leveraging blockchain technology, easy and fast cross-border payments will soon be mainstream.
Service trumps all for SMEs when selecting their banking provider
According to a poll at the Metro Bank Tech Breakfast, service is the number 1 priority for SMEs when selecting their banking providers. Surprisingly enough, best prices came last in the priorities.
Clearly, SMEs would rather pay more for a better service than suffer the potential consequencences as a result of trying to save a few bucks.
Guardian article on ‘manels’: