JPM has the largest technology budget of any FI having invested approximately $11 billion in technology during 2018 with approximately $5 billion allocated toward new technology investments. This investment level is substantially larger than the new product development/ R&D investment levels of certain well known Fintech players. However, the numbers do not tell a complete … Continue reading JP Morgan vs. Fintech ThreatsPremium
Today’s announcement that Fiserv plans to acquire First Data in a $22 billion all stock deal continues the string of payments-related deals. More importantly it stresses what many know – that the incumbent payment companies are not innovation factories. Acquire in the absence of innovation – although I believe all companies should have an active … Continue reading Fiserv & First Data: Acquire in the Absence of InnovationPremium
Successful product innovation is a bit like capturing lightning in a bottle. It is no different from creating a hit movie or a hit song. Despite its ethereal nature innovation can be run as a line of business. Make no mistake - innovation is a volume game - at bats matter. Below are six principles … Continue reading Smart Innovation: Innovation as a LOB or “Innovation as a Service”Premium
Disruption Rarely Announces Its Arrival Ask Curtis Stevens - the gentleman who was knocked on his posterior by Gennady Golovkin in our header image - if he saw the punches coming. Ask former Microsoft CEO Steve Ballmer if back in the early 2000's he knew SaaS/cloud-based service delivery models would dominate the software landscape. Ask … Continue reading Disruption – It’s the Punch You Don’t See that HurtsPremium
Apple no longer innovates. Look no further than its cash cow iPhone. Prior to the iPhone’s initial launch in January 2007, Motorola, Blackberry and Nokia ruled the mobile phone universe. Today, rather than driving innovation, rather than striving to leapfrog the competition, Apple is content to play a feature/functionality cat and mouse game with Samsung, … Continue reading Apple – From Innovator To Fast FollowerPremium
What Is A LiDAR System? Light Detection And Ranging ("LiDAR") sensors are detection and survey systems to estimate the proximity of a target object. LiDAR sensor systems consist of four primary elements: 1.) Lasers 2.) Scanners 3.) Photodetector receivers 4.) GPS navigation systems. LiDAR systems enable autonomous vehicles (or robots), to observe the world with: a.) Continuous 360 … Continue reading Meet Luminar Technologies – the LiDAR Company Powering Toyota’s Autonomous Vehicle ProgramPremium
Chronicle vs. AWS One of Alphabet's Moonshot projects was released into the world last week. The company is named Chronicle - read more about it here. In short, Chronicle is a CyberSecurity company whose value proposition is to sell its machine learning-driven offering to large enterprises. We believe this could be a difficult sale for … Continue reading Alphabet’s Chronicle Gets the Shine While AWS Is The Sleeping CyberSecurity Giant Nobody Talks About
Cadillac's "BookbyCadillac" premium automobile subscription service (we refer to as AaaS), sits comfortably between the traditional car ownership model and the pure rideshare model (Uber, Lyft, Waymo). Priced at $1,500/month (plus $500 initiation fee), we don't believe that Cadillac's bundled subscription service is a good value - flexibility and convenience come at a price. Listen … Continue reading Automobiles as a Service (AaaS); Uber Completes Tender Offer
Spotify's looming IPO has the potential to re-configure the investment banking industry, at least insofar as the IPO process.
In our view Intellectual Curiosity is the most important attribute that a CEO may possess. Listen to our recent Podcast on the subject.