A lot of ink has been spilled in the last half decade over the financial sector and how and why it is failing to support the real economy. What’s been missing is solutions. We know a few things that can prop up what we have – ringfencing retail banks for instance, but do we really have to stick with our current banks?
Fortunately, there are those who are working on better ideas. Not just things to patch and prop up the status quo, but ideas that will make older models of finance redundant – direct finance, peer to peer, local and alternative forms of banking.
To find these sorts of things, you just need to know where to look. And one great place to look is the Finance Innovation Lab. They’ve just put together a great summary of what they’re about. It’s a short documentary called Transforming Finance. It’s talking heads from beginning to end, so you have to be interested, but they’ve got a whole host of thinkers and practitioners innovating around finance. Worth checking out if you’ve got twenty minutes or so.
Note: due to unusual levels of spam on this thread, I have disabled comments (Feb 2014)