Aussie banks to start rolling out real-time payments by next year

With the Australian Payments Clearing Association (APCA), the banks - including ANZ, Bendigo and Adelaide Bank, Citi, CBA, Cuscal, NAB, and Westpac - submitted this attached to make this happen in February. KPMG has won a competitive tender to become programme manager, the plan now is to put out a request for tender next year, and selection of the key elements of the operating system.

What happens when Coles keeps prices down

A fantastic speech By - Ian McLeod, Coles Managing Director, "What happens when Coles keeps prices down?”. Transcript below, its a good read.

Digital Transformation - Update

I have made some more progress towards my effort on Digital Transformation as shown in the embedded presentation. More needs to be done, but sharing some insights on what I have done until now. Feedback is always welcome. 

Digital Transformation - Sweet Spot

 Different organisation require different approach for leveraging benefits from digital transformation in their evolution.

• Pure Digitisation leads to expansion of core business to digital platforms.
• Pure Transformation leads to change in traditional business model to a new type of business model.
• Combination of executing Digitisation (services and platforms) and Business Transformation (transforming culture and business model) in parallel is less agile and is a challenging task to achieve. However this is the best option, executing either option individually or sequentially will not give the desired outcome.