Daniel Zinkin, Global Technology Director of JP Morgan, claims that the corona has driven the digital transition, but is it a ‘cultural transformation instead of a technological revolution’ and cryptocurrencies?
“This is not a radical transformation”
The use of digital means has been significantly accelerated by Corona. Because people do not fly to meet each other in person, they are compelled to embrace technologies such as zoom and other chats. It does not sound that groundbreaking, but it is vital when it comes to business partnerships. This is what Daniel Zinkin, director of global investment banking technology and director of Israel’s technology hub, is all about.
“Investment banking is traditionally distinguished by the relationships you create with clients when investing in them and the effect on the interlocutor in front of you. You waste a lot of time on PowerPoint and Excel while you work from the workplace, though.
“At JP Morgan, we digitized as early as 2018, in order to adopt new ways and adapt existing processes, such as mergers and acquisitions, acquisitions and offerings to the digital world, so much of this journey is shortened. Adopting these tools is more of a cultural change than a technical revolution.”
What’s the case there?
The country’s cheapest roaming service is offered via the Pelephone Network and costs NIS 199. 5GB of browsing, 100 minutes of talk time, and 100 text messages are included in the kit. The cost of this package for mobile phones is approximately 10 euros (approximately 40 shekels) at most, according to BEREC data, assuming that the program is completely used – including for browsing, for calls and text messages (a very strict discount). That is, at 5 degrees, the kit is priced. To your smart phone.
Do you look at what’s going on in the field of cryptography as a bank and as a technical person? Will a revolution be called that?
“We are at a stage where you are trying to figure out what tools you need to give your customers, and what tools you need to give to your bankers. But I do not think this is a radical transformation compared to previous generation currencies or financial instruments. It is more of a change for CEOs and board members , And the banks that support them. “
Investors in digital
How is it necessary to promote the use of the internet environment for critical uses, such as making big deals or collecting funds remotely?
There has been a wave of mergers and acquisitions over the past six months, and the number of offers is very high, and the vast majority of all this has only been achieved electronically. CEOs are absent from the business for two weeks, given the chemistry normally needed to make a sale, and head out to meet customers around the world.
“After all, they spend half that time traveling, while they can meet more investors in most countries digitally. It’s also less about running the business. I think we’ll see a lot more of that in the future. We saw it happen this year, and it was pretty successful. We invest a lot. In this field, and working with other fintech companies to provide these services. “
What are the problems facing those working in the digital investment banking sector right now?
“It’s about dealing with a lot of private information, and a lot of information that is not well organized in a business environment. In order to digitize this thing you need to develop a different methodology, in which you can analyze the environment analytically.”
The complexities of enforcement
Technology advances very rapidly, but less so is legislation. How is it possible to close this gap?
They are an adapter between the same powerbank and a mobile computer, writes the ZDnet portal, where there are physically no data transfer connections – only for power. In this scenario, it will never get to the smartphone even though there is still malware in the external battery. With modern laptops, USB condoms can also be used, many of which can be charged via USB-C.
“When you ask about the next unicorn, you have to address two questions. One, how an existing ecosystem can be judged by the consumer, and the other, what is the benefit of the next thing coming out. Our Israel technology center focuses on the implementation of cloud technology in companies, blockchain, cyber and info. If there is a start-up that can actually make a difference in the area of going to the cloud,