Innovate or Die

The need to re-imagine solutions for a more enlightened and demanding customer is the only way banks and other financial institutions will survive in the coming years as technology begins to play a bigger part in transactions.

These were the sentiments expressed by Interswitch East Africa (K) CEO, Mr. Paul Mwaura Ndichu when renowned commenter on financial technology trends Brett King paid him a courtesy call.

Brett King was in Kenya to speak on the future of the financial services terrain, opportunities and threats in the coming years. He encouraged thinking on ‘First Principles Design’ which says that one should design solutions from a clean sheet based on expected experience and not from existing knowledge or experience.

Brett King is a renowned commentator and globally respected speaker on the future of business. He is a five time Amazon bestselling author and host of the world’s leading dedicated radio show on technology impact in banking and financial services called ‘Breaking Banks’ that airs in 72 countries and with 1 million listeners and is the founder of Moven, a successful mobile start-up with the world’s first mobile, downloadable bank account, available in the US, Canada and New Zealand.