Derek Sivers was one of the speakers at May’s Next Bank Asia event in Singapore.
Sivers describes himself as an Entrepreneur, programmer, avid student of life” and a person who “make(s) useful things, and share(s) what (he) learn(s).”
From his site, he talked about the key points of the presentation below.
“I was surprised when I was asked to speak at a banking conference, but they said they wanted it to be disruptive and untraditional, so I said yes. I’ve felt so much frustration with banks, that I thought this a fine time to vent.”
Siver’s Main points are:
– 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.
Watch this fascinating view of the Future of Banking: