Brett King

Founder & CEO of Moven. "Innovator of the Year" by American Banker.

Startup Founder, Bestselling Author, Radio Host & TV Commentator.

Brett King is the CEO and Founder of Moven, a $200m mobile bank start-up, with the world’s first smart bank account. Moven’s app is used around the globe with over a million users. His radio show, Breaking Banks, began in May 2013. It was the first global show and podcast on FinTech, and has grown to be the most popular with an audience in 177 countries/ 6.5 million listeners.

English

Voted as American Banker’s Innovator of the Year , Brett King is widely considered the foremost global expert on retail banking innovation and customer experience. King is the CEO and founder of the break out retail bank Moven. Today, the Moven app is a vision of how a bank account of the future will work. It provides customers with security and access, and gives them real time advice on how to manage their money as they are spending it.

In 2014, The White House Economic Council under President Obama invited Brett to the White House to advise on the changing nature of the economy and financial institutions due to technological disruption and innovation.

Brett King has achieved widespread international recognition for his books Bank 2.0, Bank 3.0 and Augmented: The Life in the Smart Lane, each topping bestseller lists around the world. Also, Brett King hosts the world’s first and #1 ranked radio show on FinTech called “Breaking Banks” (140 countries, 3.6 million listeners).

Brett King has been frequently featured as a commentator on CNBC, Bloomberg, Financial Times, The Economist, Huffington Post and The Banker magazine. Sharing his disruptive insights into innovation, customer experience, channel distribution strategy and the fundamental shifts in consumer behavior, King has become known as a leading industry futurist and disruptor.

He travels the globe speaking at events for some of the most recognized and progressive organizations in the world, including: Google, Microsoft, Oracle, The Economist, Forbes, American Banker and the World Council of Credit Unions. Brett focuses on how technology is disrupting business, changing behaviour and influencing society. When Brett is hired for an event, he delivers a fully interactive experience. He will definitely deliver the content on stage, but he will also interact with attendees, answering questions and fully immersing himself at the event.

Before each engagement, Brett King collaborates with the client to make sure he covers objectives and that he meets expectations. His team will ensure that his appearance is congruent with his philosophies in the Fintech and Augmented Reality spaces, creating a frictionless seamless experience that enhances the success of the meeting.

AUGMENTED: Life in the Smart Lane.

The internet and smartphone are just the latest in a 250-year long cycle of disruption that has continuously changed the way we live, the way we work and the way we interact. The coming Augmented Age, however, promises a level of disruption, behavioral shifts and changes that are unparalleled. While consumers today are camping outside of an Apple store waiting to be one of the first to score an Apple Watch, the next generation of wearables will be able to predict if we’re likely to have a heart attack and recommend a course of action. We watch news of Google’s self-driving cars, but don’t likely realize this means progressive cities will have to ban human drives in the next decade because us humans are too risky.

Following on from the Industrial or Machine Age, the Space Age and the Digital Age, the Augmented Age is based on four disruptive themes – Artificial Intelligence, Experience Design, Health Tech and Smart Infrastructure. Historically the previous ‘ages’ bought significant disruption and changes, but on a net basis the jobs were created, wealth was enhanced, and the health and security of society improved. What will the Augmented Age bring? Will robots take our jobs, and AI’s subsume us as inferior intelligences, or will this usher in a new age of abundance? Augmented age is a book on future history, but more than that, it is a story about how you will live your life in a world that will change more in the next 20 years than it has in the last 250 years.

Bank 4.0 – Banking Everywhere, but not at a bank.

Banks are in trouble. It’s not just the likes of HSBC, Deutsche and Citibank who have shrunk their branch and office footprint to a fraction of their previous glory. Every bank in the modern world that is dependent on branch revenue is in virtual survival mode, hoping for a miraculous reversal of emerging customer behavior. In countries like China, Kenya and 20 other countries in Africa alone, mobile payments far exceed those made using traditional bank accounts and artefacts. The most efficient credit risk models aren’t owned by banks anymore. The best investment advice is coming from algorithms and robo-advisors that can adapt your portfolio in real-time as markets shift. Assets, identities, and transactions are being transmitted on blockchains, tangles and hashes that make old payment networks look obsolete and unsafe. Banking has been blown apart.

The banking system of tomorrow is being built from first principles today – in the same way Elon Musk built SpaceX and Steve Jobs designed the iPhone. Just ask yourself, if we were building the banking system today, from scratch with all the technology and knowledge we have, would you end up with Bank branches that require a signature on a piece of paper before issuing you a passbook or a checkbook? No way. Bank 4.0 is about the banking system that we’re building today and why most banks won’t survive to see that day.

The Rise of Techno-socialism.

Technology, connectivity and globalization has produced some amazing societal changes and impact. We’ve reduced extreme poverty by half in the last 30 years, in fact, every day we reduce that number by 130,000 people. From 90% of the world being illiterate in 1800, today 85% of the world is literate. In 1800 45% of infants died before the age of 5, today that number is down to 4.3%. By 2100 there will not be a single child who doesn’t receive a formal education. These changes are as a result of increased capital flows, improvements in the standards of living, access to communications and financial systems, and a dozen other improvements across society. But technologies like Artificial Intelligence, Gene-Editing, Solar Energy, Autonomous Transport, and others could usher in a new area of not only abundance, but significant socio-economic changes.

How will governments react to a time when technology promises to deliver the benefits of so-called socialism, at a fraction of the cost of the most capitalist, democratic governments today? How will governments react when it’s not immigrants we have to worry about taking our jobs, but robots? And how will society react when we can use technology to provide everyone with a basic income, healthcare and education, for less than the cost of building a political movement to explain why universal care is a bad thing?

The rise of Techno-socialism is going to be very difficult for some philosophically to adapt to, but once we do make the change, the world will be a better place for it.

AUGMENTED: LIFE IN THE SMART LANE.

The Internet and smartphone are just the latest in a 250-year- long cycle of disruption that has continuously changed the way we live, the way we work and the way we interact. The coming Augmented Age, however, promises a level of disruption, behavioural shifts and changes that are unparalleled. While consumers today are camping outside of an Apple store waiting to be one of the first to score a new Apple Watch or iPhone, the next generation of wearables will be able to predict if we’re likely to have a heart attack and recommend a course of action. We watch news of Google’s self-driving cars, but don’t likely realise this means progressive cities will have to ban human drivers in the next decade because us humans are too risky. Following on from the Industrial or machine age, the space age and the digital age, the Augmented Age will be based on four key disruptive themes—Artificial Intelligence, Experience Design, Smart Infrastructure, and HealthTech. Historically the previous ‘ages’ bought significant disruption and changes, but on a net basis jobs were created, wealth was enhanced, and the health and security of society improved. What will the Augmented Age bring? Will robots take our jobs, and AI’s subsume us as inferior intelligences, or will this usher in a new age of abundance?

Augmented is a book on future history, but more than that, it is a story about how you will live your life in a world that will change more in the next 20 years than it has in the last 250 years. Are you ready to adapt? Because if history proves anything, you don't have much of a choice.

AUGMENTED: LIFE IN THE SMART LANE.

BREAKING BANKS

"In the next 10 years, we'll see more disruption and changes to the banking and financial industry than we've seen in the preceding 100 years"—Brett King Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking is a unique collection of interviews take from across the global Financial Services Technology (or FinTech) domain detailing the stories, case studies, start-ups, and emerging trends that will define this disruption.

Features the author's catalogued interviews with experts across the globe, focusing on the disruptive technologies, platforms and behaviors that are threating the traditional industry approach to banking and financial services Topics of interest covered include Bitcoin's disruptive attack on currencies, P2P Lending, Social Media, the Neo-Banks reinventing the basic day-to-day checking account, global solutions for the unbanked and underbanked, through to changing consumer behavior Breaking Banks is the only record of its kind detailing the massive and dramatic shift occurring in the financial services space today.

BREAKING BANKS

BANK 3.0

The first edition of BANK 2.0 - #1 on Amazon's bestseller list for banking and finance in the US, UK, Germany, France, and Japan for over 18 months—took the financial world by storm and became synonymous with disruptive customer behaviour, technology shift, and new banking models. In BANK 3.0, Brett King brings the story up to date with the latest trends redefining financial services and payments—from the global scramble for dominance of the mobile wallet and the expectations created by tablet computing to the operationalising of the cloud, the explosion of social media, and the rise of the de-banked consumer, who doesn't need a bank at all. BANK 3.0 shows that the gap between customers and financial services players is rapidly widening, leaving massive opportunities for new, non-bank competitors to totally disrupt the industry.

BANK 3.0

BRANCH TODAY, GONE TOMORROW

In the wake of the global financial crisis, retail bankers face another equally challenging shift to their business in the near term – the demise of the branch. In the UK, one bank branch has closed everyday since 1990. In the US, transaction volume in-branch will be down almost 60% between the period 2006-2015. In developed economies, consumer visits to bank branches have been down 80-90%.

Yet today most banks spend more than 80% of their channels budget on branch real estate, staffing and support. In a world where the fastest growing interactions with banks are through Internet, mobile phones and social media, what does the bank of 2015 look like? How will we support a 50% reduction in number of branches in the next few years? Where will all the tellers go, and what happens to all that real estate?

Branch Today, Gone Tomorrow is a detailed, multi-faceted business case for the reprioritization of branch banking in the channel mix. It explores economics, behavioural shifts, trust issues facing banks, new retail distribution models and drivers challenging the branch-centric models of yesteryear. Branch Today is not about getting rid of every bank branch you have. It’s about understanding how banking changes when branches are no longer at the centre of acquisition, service and channel strategy. About the author Brett King is the author of the bestselling book Bank 2.0, founder of the world’s first mobile direct bank Movenbank. He advises the world’s biggest banks on innovation, customer experience and distribution strategy.

BRANCH TODAY, GONE TOMORROW

BANK 2.0

The financial crisis is just beginning for retail institutions. Ninety to ninety-five per cent of bank transactions are executed electronically today. The Internet, ATMs, call centres and smartphones have become mainstream for customers. But banks still classify these as alternative channels and maintain an organisation structure where Branch dominates thinking. Continued technology innovations, Web 2.0, social networking, app phones and mobility are also stretching traditional banking models to the limit. BANK 2.0 reveals why customer behaviour is so rapidly changing, how branches will evolve, why cheques are disappearing, and why your mobile phone will replace your wallet all within the next 10 years.

BANK 2.0