Thoughts on financial technology

Published: Sep 1, 2018

g_108845_dan_schulman_280x210.jpgImage:Brendan Mcdermid / Reuters 
You have to, to serve these markets, reimagine how money can be managed and moved, because there’s going to be more change in the next five years in financial services than there’s been in the past 30.
—Dan Schulman

Every company is becoming a tech company, and we have this thesis that every company needs to be a financial services company,  too.
 —David Hockey

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Image: Stephen Lam / Reuters
Would you like to see it one more time? You may have blinked and missed it.
—Tim Cook

There are worse things in life than death. Have you ever spent an evening with an insurance salesman?  
—Woody Allen

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We need banking but we don’t need banks anymore.
—Bill Gates

The evolving social and digital media platforms and highly innovative and relevant payment capabilities are causing seismic changes in consumer behaviour and creating equally disruptive opportunities for business.
—Howard Schultz

g_108849_john_oliver_280x210.jpgCryptocurrencies, everything you don’t understand about money combined with everything you don’t understand about computers.
—John Oliver

I saw a bank that said ‘24-Hour Banking’, but I don’t have that much time.
—Steven Wright

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Image: Lucas Jackson / Reuters
Of our 49 billion, we haven’t moved any to bitcoin.
—Warren Buffett

When I was young, people lived from paycheque to paycheque. Today, it seems like they live from credit card payment to credit card payment.
 —Robert Kiyosaki

g_108853_felix_rohatyn_280x210.jpgImage: Shannon Stapleton / Reuters
At its core, banking is not simply about profit, but about personal relationships.
—Felix Rohatyn

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The more cashless our society becomes, the more our moral compass slips.
—Dan Ariely

(This story appears in the 14 September, 2018 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

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