Feeds:
Posts
Comments

Fintech 2017- Quo Vadis?

rt6517

Deborah Kerr and Robert Taylor on the Quo Vadis filmset

Every year Jim Marous publishes the Top banking trends and predictions. On 21 Dec 2016, Jim published the sixth edition with predictions for 2017.

My input was a “pick-and-choose” list of bullet points. You can find the full list below. My input date was 27 Nov 2016. We are now two months later, and I captured some articles/announcements related to some these bullet points. And I added at the end some additional observations. All of this should be taken with more than a grain of salt, as I dimmed my focus on FinTech since starting my Petervan Productions sabbatical on 1 Nov 2016, and don’t read/research as much as before.

As always, these are 100% my personal opinions. Sometimes provocative, sometimes innocent, sometimes the cynical view of a 60 year old incumbent, but hopefully at times contrarian and inspiring. Here we go:

+++ start 27 Nov 2016 input

  • In general, 2017 will be the year of illusion, delusion, and distraction for and by FinTech.
  • Blockchain/DLT/etc will prove itself as one of the biggest distractions of this era in that it does not solve any existing problem, maybe it solves some future problems to be identified, but with a price to pay: the price of fundamental process re-engineering. Very few will be up to this task which involves community management and regulation.
  • In 2017, subject to pressures on the bottom-line and macro-political forces, banks will witness massive lay-offs and disinvestments in FinTech innovation labs and initiatives. These initiatives will be re-branded as research efforts, focused solely on incremental improvements in the core business lines.
  • FinTech will manifest itself as a techno fantasy, drawing attention away from the real problems to be tackled: cyber-security, trust and identity, which only can be solved through laser focused industry and government efforts. No single company can solve these on their own, and self-serving patenting will be counterproductive to industry-wide success.
  • In the US, the Trump administration will out-regulate innovation to protect the financial institutions fiefdoms and their control of money. But despite the Trumpian rhetoric and “opportunities” for financial institutions to start playing their old extraction-value games, financial institutions will be challenged by citizen uproar to give back to society.
  • Despite all these negative predictions, volume and frequency of FinTech investments will dramatically increase. Like in other industries, a 100M$ Fund will be considered as peanuts. Like in traffic jams, investments become bigger and last longer. Like traffic jams, ROI will be difficult to impossible to resolve.

+++ end 27 Nov 2016 input

What I am missing in many predictions is that most are just extrapolations of existing trends. They ignore the fact that the trend can just die or become a commodity where prices trend towards zero.

What I am missing is the creative/opportunity orientation (what do you want) vs. the reactive/responsive orientation (what problem are you trying to solve).

The way we think about change, disruption, and transformation) or whatever you want to call it) is going to be completely different in 5 years time. The speed of change is so big that our thinking is getting disrupted. The underestimated and ignored exponential power in all of this is the “power of networks”. I have another post in preparation for that, but in the meantime I would invite you to get familiar with following books and thinkers:

  • The Seventh Sense: Power, Fortune, and Survival in the Age of Networks, by Joshua Cooper Ramo
  • Whiplash: How to Survive Our Faster Future, by Joi Ito
  • The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future, by Kevin Kelly
  • “I wasn’t expecting that” from Simon Wardley’s upcoming book
  • Cloud wars by Simone Brunozzi
  • The end of cloud by Peter Levine from Andreesen Horovitz
  • Trillions: Thriving in the Emerging Information Ecology, by Peter Lucas, Joe Ballay and Mickey McManus (already from 2012, but so advanced in its thinking)

Rebelliously yours,

petervan-signature

Sacred Spaces

I recently had some conversations with prospective clients on the need for alignment and coherence of physical and emotional space when trying to create great experiences. I started to call them “sacred spaces”.

As you know by now, I am not in the events business. I am in the business of creating high quality feedback loops to enable immersive learning expeditions and deep change. In essence, I want to resonate with my client’s guests at another (additional) level than the pure cognitive. I believe this ambition also requires its own awareness and vocabulary, but more about that in some later posts.

One aspect of that vocabulary is our expression of sacred spaces. What first comes to mind is a church, a cathedral, some religious building of some sort.

img_4397

Sagrada Familia – Barcelona – 31 Oct 2014

In the best cases, the moment you come in, you are struck by a lightning of beauty, awe, stillness, and grandeur. The entry into the space feels almost ceremonial. You cross the entry, the line between outside and inside. The experience of the space sends vibrations down your spine. You feel suddenly whole and small at the same time.

This whole- and small-ness creates some kind of safety; some form of familiarity that this space is the right space, that this space is right. Just right for what it was designed for.

I think in similar terms about the spaces for our experiences.

Our spaces must be safe spaces. Closed as with an entry door. The entry into the space is a ritual moment. The coming out as well. It must be a physical experience: guests have to walk through the “arc of change”. They must do this in a “communion” style, as a collective, creating a visceral experience of the collectivism in their change process.

The space is about “roundness”, round as in circle, but also round as in generative, coming back to the starting point with new insights.

The space becomes a pulsing “egg”, a “womb” that will be our “nest” for a couple of days. It has of course to do a lot with right spaces for humans, and Jean Nouvel’s views (video here) on architecture. The video is also called “Reflections”, just like the latest from Brian Eno, one ambient song of 54 minutes (interview here)

jean-nouvel2

“Combining big bold shapes with intricacy and delicacy. The ability to be bold and delicate at the same time. The relation between time and light. The sphere above, the cupola. A spiritual space.”

I love the idea of the cupola. In my opinion, the closed space described above needs a roof – like a cupola – with some lattice membrane. But at the same time, the space needs to be “porous”, with light (the crack) coming in through the lattice, and light (enlightenment) coming out to inspire others. Or even better, some form of post-enlightenment as in Danny Hillis’ entanglement.

And light itself can also be the “roof” and the trees of the space forest. Check out this wonderful video of Fujimoto’s light forest:

light-forest

 

I shared the video with my good friend Marti Spiegelman, who replied:

Thanks for the link – this is extraordinary. It reminds me that sometimes the light itself is the sacred space – I’m thinking of the light beam on the floor, when one of the walkers stands in the light – and sometimes the light creates the boundaries, or defines the edges, of the space – as in a forest when there is a small round clearing, it’s traditionally considered to be a ‘power spot’’ [another name for sacred space] where you can call in greater powers of nature and the universe to create change.”

I was looking for some good description of sacred and sacredness. I think I found it in an article about a fashion book by Belgian fashion designer Ann Demeulemeester.

book-demeulemeester

“It looks and feels almost sacred, with pages so thin the images can be seen on both sides of each sheet; it’s a truly delicate beauty. For this reason, every single page is printed only on one side, creating a uniquely singular reading experience. The size and weight of the book gently contrasts with the fragility and smoothness of the paper, while the almost total white of the inside is in opposition with the blackness of the sides and the linen cover. Text is kept to the essentials, limited to an introduction by Patti Smith (Demeulemeester’s longtime muse) and a short final dedication by the designer herself. The book was designed by Victor Robyn, a Belgian graphic designer who has been in charge of realizing Demeulemeester’s graphics for years—from show invitations to printed fabrics. The art direction is curated by Victor Robyn, Demeulemeester herself and Patrick Robin, her life and business partner.”

Happenstance that I visited this week Casa Argentaurum, an art gallery in Ghent run by Caroline De Wolf, who kindly opened her space for me. It was one of the last days of the exposition about Ann Demeulemeester’s jewellery.

jewellery-demeulemeester

Necklace – Ann Demeulemeester – Casa Argentaurum

At the end of our conversation, Caroline gave me a copy of the catalogue of the 2010 exposition “Things, Thoughts, and Territorities”.

book-andrea-branzi

The book has some great design drawings by Andrea Branzi, and also a wonderful testimony of the artists’s love relation with Belgium (mostly Flanders btw). Somewhere half way, there is this superb quote:

“Architecture is not the art of building, it is a very complex discipline,

interpreting history, technology and the changes in society.”

It could have been the tag-line for Petervan Productions, as I see myself as the architect who conceives, gives birth to the vision together with the client, and then pulls together and orchestrates the resources, experts, and artists to create a unique experience in search for the secrets of life.

But “you can’t find secrets without looking or them” (quote by Peter Thiel in his book “From Zero to One”), so I am looking for your views on what you would expect from a sacred space.

I am looking for architects, space- and stage-designers to be part of our collective of leaders, visionaries, artists, craftsmen, designers and producers.

If you are interested to be part of that calling and dialogue, you can just leave a comment on this post.

Rebelliously yours,

petervan-signature_transparent_black_version2

doig-study-v2-selected-for-study

Petervan Photoshop collage as part of study on Peter Doig
Theme: Culture and Nature – Dec 2016

 

pre-study-peter-doig

Pre-Study Peter Doig - Sketch Dec 2016

 

Happy New Year to you, your friends and your family! Hope you are doing well.

As you know, I left Innotribe/SWIFT in Nov 2016 for a long term sabbatical to create my own thing under the Petervan Productions umbrella. My ambition is to architect and create high quality feedback loops to enable immersive learning experiences and deep change.

A quick update:

  • Artschool continued till the holiday break, starting again next week. We try to get under the skin of artists, and then paint an image in their style. Currently looking into Peter Doig.
  • Nov/Dec 2016 was a period of getting to grips with some tools for my performance: music, image, video composition tools
  • The performance “Tin Drum Is Back” is targeted for end March
  • The retreat event for Sep
  • The content festival for Nov
  • A lot of reading and a lot of posts in the queue

 

doi_concretecabinii-1992_lac_218x300mm-e1426095552774

“Concrete Cabin” by Peter Doig - 1992

During Jan-March 2017, the plan is to work on:

  • Detailed scripting of the performance
  • Build and expand the collective of leaders, visionaries, artists, craftsmen, designers and producers

project-plan

Extract project plan performance per week.

I am very focused (yes, working on a 8+ hour daily schedule and a project plan). I am about one week late compared to initial plans. Being focused also means saying “no”. As you may have noticed, I have drastically dimmed my social media activities, and kindly reject any requests for consultancy, speaking engagements, etc.

I have 1-2 leads that want to work with me as their architect for immersive learning experience events. But I am not in active prospection mode.

Every request for collaboration is assessed against the objectives and priorities for 2017: the art, the performance, the retreat, the festival, and to see how far I can get with all that in one year’s time.

If there is something worth reporting, next update is for Feb 2017. Looking forward to hearing from your latest adventures as well.

Rebelliously yours,

petervan-signature_transparent_black_version2

 

delicacies

Edition-91 of Delicacies. Happy New Year to all of you. It has been almost a month since the previous “Delicacies”. That is because I am very focused on Petervan Productions.  And focus means saying “no” to a lot of invitations and distractions. More on that soon.

In the meantime, here is edition-91 of Delicacies: as usual, max 5 articles that i found interesting and worth re-reading. Handpicked, no robots. Minimalism in curation. Enjoy! Much more of this in my regular Revue summary. Subscribe at bottom of this post.

If you can’t get enough of these and want more than 5 articles, I have created an extended version of Petervan’s Delicacies in REVUE. If you want more than 5 links, you can subscribe here: https://www.getrevue.co/profile/petervan

delicacies

Edition-90 of Delicacies: as usual, max 5 articles that i found interesting and worth re-reading. Handpicked, no robots. Minimalism in curation. Enjoy! Much more of this in my weekly Revue summary. Subscribe at bottom of this post.

If you can’t get enough of these and want more than 5 articles, I have created an extended version of Petervan’s Delicacies in REVUE. If you want more than 5 links, you can subscribe here: https://www.getrevue.co/profile/petervan

img_1847

Artschool 2016. Study on Magnus Plessen. 
1) V4 of painting based on collage 2), 3) and 4) some details. 
Expect to finish next week. Acryl on cotton canvas 80x80cm, brush, spatula, kleenex. 
With thanks to my coach Ann Grillet

 

delicacies

Edition-89 of Delicacies: as usual, max 5 articles that i found interesting and worth re-reading. Handpicked, no robots. Minimalism in curation. Enjoy! Much more of this in my weekly Revue summary. Subscribe at bottom of this post.

If you can’t get enough of these and want more than 5 articles, I have created an extended version of Petervan’s Delicacies in REVUE. If you want more than 5 links, you can subscribe here: https://www.getrevue.co/profile/petervan

%d bloggers like this: