BMP Radio Finance

BMP Radio: A View of Fintech from the Non-financial Sector

Most discussions about the financial sector are focused on how it has been (or will be) affected by fintech. While this is interesting, how fintech will affect the non-financial sector promises to make things even more interesting.

The decentralized world of the Internet is a marvel, enabling us to engage directly one-to-one, one-to-many and many-to-many without the interference of a central power or institution. It has changed everything. Take the example of the hashtag #metoo, the social media movement that exposed harassers to the verdict of the whole world. This hashtag solved a problem that the centralized world, run by government institutions, police, the legal system, etc., continuously failed to address with the same impact.

The power of a viral hashtag can be bigger than all governments combined. This means that ‘we the people’ can solve problems together without interference from a central institution. Governance and power are becoming decentralized and democratized in a way we’ve only experienced in very small communities or families. The shift is mind-boggling.

In the podcast, you’ll learn:

  • How the increased decentralization of the worlds allows people to take novel approaches to solving long-lasting problems
  • If it is possible to take inspiration from the Internet, social media, and blockchain and build a decentralized financial system
  • The difference between an ‘ecosystem fight’ and an ‘ecosystem play’

Links and Resources:

About the author

Kelly Barner

Kelly Barner has covered procurement news, events, publications, solutions, trends, and relevant economics at Buyers Meeting Point since 2009. In 2017, she joined Philip Ideson as a co-founder of Palambridge, a virtual platform of procurement experts, technology, and intelligence. Palambridge provides a broad range of flexible procurement solutions, available on-demand.

Kelly has several regular columns throughout the procurement industry and in the summer of 2016 was appointed to become the Business Survey Chair for the ISM-New York Report on Business.

Kelly has her MBA from Babson College as well as an MS in Library and Information Science from Simmons College. She has also co-authored two books: ‘Supply Market Intelligence for Procurement Professionals: Research, Process, and Resources’ (2014) and ‘Procurement at a Crossroads: Career Impacting Insights into a Rapidly Changing Industry’ (2016).

Before covering the procurement industry as a blogger, Kelly worked as the Associate Director of Consulting Services at Emptoris (now IBM) and as a Hired Services sourcing specialist at Ahold USA

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