How to create a bank from scratch
A very interesting talk by Huy Nguyen Trieu, former Citibank Executive
Thinking about launching your own bank? Well, there has never been a better time for it. But, wait a second, aren’t banks those big and bulky gazillion year old institutions where fat old men with big beards (imagining JP Morgan here) rule the roost.
That image of the bank was probably true 15-years back. But, today the world of rapid technology evolution has opened the possibilities of creating massive tech infrastructure at a fraction of the cost of running a traditional bank.
The digital bank of today is enjoying three major trends that make starting a bank so much simpler:
IT costs are declining (All thanks to Moore’s law!)
Consumers are mobile and internet equipped.
Regulations are simplifying around the world.
In this short video, Huy Nguyen Trieu explains the fundamentals of building a bank from scratch. A must watch for every banking professional.
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