Once had a discussion about this thought with a former boss – we came up with the interpretation, that “A” people would not be afraid of hiring people of the “A+” quality, while “B” people would more likely go for “C” quality people to avoid being threatened. So, in a world that values individualism and self-reliance, the idea of surrounding yourself with people who are smarter than you may seem counterintuitive to some. However, the quote “Having access to people smarter than you is a blessing, not a threat” reminds us of the immense value that can be gained from learning and collaborating with individuals who excel in areas where we may fall short. This perspective encourages us to embrace the wisdom and experience of others as a means to grow, learn, and ultimately improve ourselves.

The Power of Collective Intelligence

Collective intelligence is the idea that a group of individuals, when working together, can achieve a level of wisdom, problem-solving, and creativity that surpasses what any single person could achieve alone. By surrounding ourselves with people who are more knowledgeable, talented, or experienced in different areas, we open the door to collective intelligence. This collective knowledge can lead to innovative solutions, better decision-making, and personal growth.

Learning and Personal Growth

When we associate with individuals who possess greater expertise or intelligence in specific domains, we expose ourselves to opportunities for learning and personal growth. These individuals can serve as mentors, guides, or simply as sources of inspiration. They can challenge us to broaden our horizons, encourage us to question assumptions, and stimulate our intellectual curiosity. Through this process, we evolve and expand our own knowledge and skills, making us better equipped to tackle challenges and seize opportunities.

Reducing Blind Spots

No one is omniscient; everyone has their blind spots and areas of ignorance. Having access to people who are smarter than you provides a valuable opportunity to identify and mitigate these blind spots. They can offer fresh perspectives, alternative viewpoints, and insights that we might have missed. By embracing these insights, we can make more informed decisions and avoid potential pitfalls that we might not have noticed on our own.

Collaboration and Teamwork

Collaboration with individuals who excel in areas where we may lack expertise can be incredibly beneficial. Such teamwork fosters an environment where diverse skills and talents complement each other. This synergy often results in more efficient problem-solving and creative solutions. The quote reminds us that these collaborations should not be seen as a threat to our individual abilities, but as a way to magnify our collective potential.

Building Strong Networks

Having access to people smarter than you often leads to the development of strong professional and personal networks. These connections can open doors to new opportunities, partnerships, and friendships. The quote encourages us to see these connections as blessings, as they provide support and resources that can enrich our lives in numerous ways.

Overcoming Ego and Insecurity

For many, the fear of being overshadowed or exposed as less knowledgeable can be a barrier to seeking out those who are more intelligent or accomplished. However, recognizing that these individuals are a blessing rather than a threat helps to overcome ego and insecurity. When we shift our perspective to one of humility and willingness to learn, we can grow personally and professionally.

Conclusion

The quote “Having access to people smarter than you is a blessing, not a threat” serves as a powerful reminder of the benefits of surrounding ourselves with individuals who excel in areas where we may not. It encourages us to embrace the collective intelligence, opportunities for personal growth, and the wisdom that such associations offer. By fostering an environment of collaboration, humility, and openness to learning, we can realize the true potential of this profound blessing and use it to enhance our lives, both personally and professionally. So, seek out those who are smarter than you, and see the wisdom they bring as a gift, not a challenge, and watch how your life transforms for the better.

In the world of technology, the need for knowledge-sharing and collaboration is paramount. Morgan Stanley, a global leader in financial services, recognized this necessity and resurrected its renowned Tech Meetup on a glorious day in 2023 – yesterday -, sponsored by Technology Modernization. The revival of this event, which had been paused in 2015, was nothing short of a tech enthusiast’s dream come true.

With over 100 participants in attendance, the atmosphere was electric, buzzing with the anticipation of knowledge exchange and the celebration of all things tech. The event was a testament to the financial giant’s commitment to staying at the forefront of technology, fostering innovation, and fostering collaboration.

The event featured two intriguing technical presentations that left attendees inspired and informed. The presentations provided attendees with insights into cutting-edge technologies and their potential applications in the financial industry.

Furthermore, the event also featured 10 quick intros, introducing attendees to individual personalities in the crowd. It was here that the true diversity of the crowd was showcased, with a mix of industry veterans and bright newcomers. I was fortunate to be among those selected to provide a brief introduction, an experience I will cherish for a long time and I think I made a lasting impression on the crowd.

The revival of the Morgan Stanley Tech Meetup not only rekindled the spirit of innovation but also re-established its position as a cornerstone of tech events in the financial industry. It was a celebration of progress, knowledge-sharing, and the collective desire to drive technological advancement.

As the event came to a close, it was clear that the Morgan Stanley Tech Meetup was back, and it was here to stay. The attendees left with a sense of excitement, invigorated by the possibilities that the future holds. The stage is set for more remarkable gatherings and new horizons in technology. Morgan Stanley’s commitment to modernization and innovation was on full display, and the tech world eagerly anticipates what the next meetup will bring.

In conclusion, the resurrection of the Morgan Stanley Tech Meetup was nothing short of a resounding success. It reaffirmed the importance of collaboration and innovation in the tech world and left participants hungry for more. Thanks to Technology Modernization and all those involved, the meetup is back and promises to be a driving force in shaping the future of technology in the financial sector.

Many times I pick up small pieces of work, sometimes annoying issues, and later question myself whether by doing this I’m losing the bigger picture. The quote, “If you’re too big for a small job, then you’re too small for a big job,”, which I recently saw with Ray Hennessey, is a timeless piece of wisdom that speaks to the importance of humility, adaptability, and the journey towards success. At first glance, it may seem paradoxical, but a deeper understanding reveals its profound meaning. In this article, we will explore the various dimensions of this quote and how it can inspire personal and professional growth.

The Essence of Humility

Humility is often undervalued in a world that praises ambition and confidence. However, this quote underscores the significance of maintaining a humble attitude in the face of different challenges. Being “too big for a small job” implies an inflated sense of self-worth or an unwillingness to tackle tasks that may seem beneath one’s abilities. This arrogance can hinder personal and professional growth.

The Small Jobs Matter

Small jobs, often dismissed or delegated, are the building blocks of any successful career or endeavor. They teach us essential skills, foster a strong work ethic, and provide valuable experiences. Neglecting these opportunities may mean missing out on the chance to learn, grow, and prove one’s dedication. Many cases I try out new tech, new languages, etc as part of them.

Adaptability and Versatility

Another aspect of this quote is adaptability. Life is full of unpredictable twists and turns. An individual who refuses to take on small tasks may find themselves ill-equipped to handle unexpected challenges. The ability to tackle various tasks, regardless of their size, demonstrates versatility and a readiness to adapt to different circumstances. When I’m being asked on major differentiator factor among others, I usually think of adaptability as my forte.

Earning Trust and Respect

Respecting small jobs is crucial when working with others. In a team or leadership role, demonstrating a willingness to get your hands dirty and handle small tasks can earn you the trust and respect of colleagues and subordinates. It shows that you are a team player and willing to share the load.

Applying the Principle in Professional Life

In the professional world, this quote holds significant relevance. Climbing the corporate ladder or building a successful business often requires individuals to start small. Entrepreneurs, for instance, may begin as one-person operations, taking on a wide range of responsibilities. Those who are unwilling to do so may never reach their full potential. You might be the sole developer, marketing master, accountant and making the coffee at the same time – this doesn’t diminish from your value.

The Importance of Mentorship

Mentors play a crucial role in personal and professional development – I wrote about this many times. They often assign small tasks to mentees to help them learn and grow. Being open to these opportunities is a sign of respect for the mentor’s guidance and a commitment to one’s own growth.

Balancing Ambition and Humility

While this quote emphasizes humility and respect for small tasks, it’s essential to balance it with ambition and aspiration – this is what your sponsor can help you with. The key is to be open to both small and big jobs while maintaining a strong sense of humility and gratitude.

What’s next?

In a world that values ambition and the pursuit of big goals, the quote, “If you’re too big for a small job, then you’re too small for a big job,” serves as a reminder of the importance of humility, adaptability, and a willingness to learn. Small jobs are not insignificant but rather the stepping stones to greater achievements. Embracing them can lead to personal and professional growth, earning the trust and respect of peers, and a more fulfilling journey towards success.

And let’s look at IT in finance from the 3rd angle as well – leading up to the Big Boost Monday session on 10/30 – if you not even in IT, would you be interested in working in IT in Finance?

In the world of finance, Information Technology (IT) plays an indispensable role, transforming the way financial institutions operate, manage data, and interact with customers. However, there’s a common misconception that IT in finance is exclusively reserved for those with a technical background. In reality, IT in finance is a multifaceted field that requires the synergy of various roles, including project managers, scrum masters, graphic designers, and more. This article delves into the collaborative landscape of IT in finance, highlighting the significance of diverse talents beyond the realm of pure IT expertise.

1. Project Managers: The Architects of Success
   Project managers in the finance IT sector are akin to the architects of a grand building. They are responsible for defining the scope of IT projects, setting goals, managing resources, and ensuring that projects are completed on time and within budget. Their expertise in project management methodologies, such as Agile or Waterfall, ensures that IT initiatives align with business goals.
2. Scrum Masters: Navigating Through Agile Waters
   In an age where agility is essential, scrum masters are pivotal in the finance sector. They facilitate the Agile process, promoting collaboration, adaptation, and iterative development. Their role goes beyond IT to encompass the entire organization, fostering a culture of continuous improvement, which is essential in the ever-evolving finance industry.
3. Graphic Designers: Enhancing User Experience
   Finance IT is not just about numbers; it’s also about creating exceptional user experiences. Graphic designers play a crucial role in this aspect. They craft visually appealing interfaces, infographics, and data visualizations that make complex financial information more accessible and user-friendly. Their work can significantly impact customer engagement and retention.
4. Business Analysts: Bridging the Gap
   Business analysts serve as intermediaries between IT and business stakeholders. They have the unique ability to translate business requirements into technical solutions. Their role is to identify opportunities for improvement, optimize processes, and ensure that IT projects align with business objectives.
5. Data Scientists: Unearthing Insights
   Data scientists in finance IT are the modern-day treasure hunters. They utilize advanced analytics, machine learning, and AI to uncover valuable insights from vast datasets. These insights are instrumental in making data-driven decisions, mitigating risks, and identifying new market opportunities.
6. Compliance Experts: Safeguarding Integrity
   Ensuring financial IT systems comply with regulatory standards is paramount in the finance industry. Compliance experts understand the complex web of financial regulations and ensure that IT solutions adhere to these rules, safeguarding the integrity of the institution and protecting customer interests.
7. Cybersecurity Specialists: Shielding Against Threats
   The financial sector is a prime target for cyberattacks. Cybersecurity specialists are the guardians of financial IT systems, defending them against threats and breaches. Their expertise in encryption, intrusion detection, and security protocols is critical in safeguarding sensitive financial data.
8. And many more!

In conclusion, IT in finance is not exclusively for those with technical backgrounds. It is a multifaceted field that thrives on collaboration among a diverse range of professionals. While IT experts are integral, roles such as project managers, scrum masters, graphic designers, business analysts, data scientists, compliance experts, and cybersecurity specialists all play pivotal roles in shaping the landscape of IT in finance. Together, they create a dynamic and resilient ecosystem that keeps the wheels of finance turning smoothly while innovating and adapting to the changing landscape of the industry.

Yesterday’s post was focusing on one aspect of the inclusivity in IT in finance. Let me look into another one for a bit – leading up to the Big Boost Monday on 10/30.

In the world of finance, the role of technology has become increasingly indispensable. Information Technology (IT) is no longer just a support function; it is a driving force behind financial innovation, risk management, and customer service. While the perception may linger that IT in finance is only for those already entrenched in the industry, the truth is quite different. Inclusive practices in finance now welcome individuals of all backgrounds, regardless of gender, race, color, or any other distinctions.

Breaking the Mold

Traditionally, the financial sector has been perceived as a bastion of privilege, dominated by individuals with similar educational backgrounds and demographic traits. However, in recent decades, there has been a growing recognition of the need for diversity and inclusivity in this industry. This shift is evident in the IT departments of financial firms.

Diversity in IT

Inclusivity in IT within the finance sector starts with hiring practices. Many financial institutions are actively working to create diverse teams by recruiting talent from a wide range of backgrounds. These initiatives are aimed at breaking down barriers and ensuring that the IT workforce truly represents the diverse world in which we live.

Gender Equality

Historically, finance and IT have been male-dominated fields. However, the industry is slowly but surely making progress towards gender diversity. Women are breaking into roles such as software development, cybersecurity, and data analysis. This change is being driven by conscious efforts to encourage women to enter the field and establish an environment where they can thrive.

Ethnic and Racial Diversity

Finance and IT are global industries, and it’s imperative that they reflect the diversity of the world’s population. Increasingly, companies are focusing on hiring individuals from diverse ethnic and racial backgrounds. By doing so, they enrich their talent pool and gain different perspectives that can lead to innovative solutions and better risk management.

Inclusive Work Environments

Creating an inclusive workplace culture is equally important. Companies are implementing policies and programs that promote diversity and inclusivity. This includes mentoring programs, employee resource groups, and a commitment to fair and equal treatment for all employees.

Accessible Training

To encourage people from various backgrounds to enter IT in finance, accessible training and education programs are crucial. Scholarships, internships, and apprenticeships can make this field more accessible to underrepresented groups.

Leveraging Technology

Fintech companies are at the forefront of embracing diversity and inclusivity in the finance industry. Many of these firms are leveraging technology to reach a broader audience, including those from underrepresented communities. They are developing products and services that cater to the unique needs of different customer segments.

The Benefits of Inclusivity

Promoting diversity in IT within the finance sector isn’t just about ticking boxes. It’s about improving innovation, reducing biases, and fostering creativity. A diverse team brings a range of perspectives to problem-solving, which is invaluable in an industry that constantly faces complex challenges. Moreover, diverse teams are better equipped to understand and serve a diverse clientele.

Conclusion

IT in finance is no longer exclusive to a select group. The industry has recognized the need for inclusivity and is actively working to make it a reality. By fostering diversity in gender, race, color, and every other aspect, the finance sector is strengthening its ability to adapt, innovate, and serve an increasingly diverse world. With these changes, we can look forward to a more inclusive and forward-thinking finance industry.

Let me continue my series of posts leading up to Big Boost Monday with one focusing on the entry barrier for people in IT to work in finance IT.

The finance industry has undergone a digital transformation over the past few decades, with information technology (IT) playing a pivotal role in reshaping the way financial services are delivered and managed. However, a common misconception is that careers in IT within the finance sector are exclusively for individuals with a background in both IT and finance. In this article, we will explore whether IT in finance is only accessible to those who are already in the industry or if it is open to individuals from various backgrounds.

The Evolving Role of IT in Finance

Information technology has revolutionized the finance industry, making it more efficient, secure, and accessible. Traditional banking processes have given way to online banking, mobile payment apps, and digital wallets. Trading has become largely automated with algorithmic trading systems, and financial institutions have integrated big data analytics and artificial intelligence into their decision-making processes.

This rapid transformation has created a growing demand for IT professionals with specialized knowledge of finance. However, this does not mean that the door is closed to those without a financial background.

The Intersection of IT and Finance

IT in finance involves a wide range of roles, including software development, cybersecurity, database management, network administration, and more. Many of these positions do not necessitate a deep understanding of financial concepts but instead require proficiency in specific IT skills.

For example, a cybersecurity expert working in a financial institution needs to focus on protecting sensitive data and systems from cyber threats. While understanding the context of the financial industry is important, the primary requirement is expertise in cybersecurity, which can be obtained through formal education and training in the field.

Moreover, many IT professionals in finance collaborate closely with financial experts, bridging the gap between IT and finance. This interplay between IT and finance allows professionals from either background to learn from one another and contribute to the success of their organizations.

The Value of Cross-Disciplinary Skills

In today’s interconnected world, having cross-disciplinary skills can be a significant advantage. Finance professionals who acquire IT skills can enhance their ability to analyze data, automate tasks, and develop financial software. Similarly, IT professionals who gain an understanding of financial principles can better align their work with the goals and needs of financial organizations.

Furthermore, many universities and training programs offer courses that combine IT and finance, making it easier for individuals to develop expertise in both areas simultaneously. This trend reflects the recognition that having a hybrid skill set can be incredibly valuable in the modern finance industry.

Conclusion

IT in finance is not an exclusive club reserved solely for those who are already in IT in finance. The evolving nature of the industry has created opportunities for individuals from diverse backgrounds to enter and excel in the field. While having a background in both IT and finance can be advantageous, it is not a strict requirement for success. Cross-disciplinary skills and collaboration between IT and finance professionals are increasingly valued in the industry, making it more accessible to a broader range of individuals. So, if you’re considering a career in IT within the finance sector, don’t let preconceptions hold you back – the door is open for those willing to learn and adapt.

First impressions are crucial. They can shape the way others perceive us, often setting the tone for future interactions. But what if your initial meeting didn’t go as planned? The good news is that it’s possible to make the second chance for a first impression make people forget the first one. With the right strategies and a positive attitude, you can turn things around and create a lasting, positive impression. To learn about the answer for similar questions, head over to Big Boost Monday NYC on 10/30.

Self-Reflection

The first step in making a second chance for a first impression is self-reflection. Think about what went wrong during the initial meeting. Were you nervous, unprepared, or maybe didn’t project the image you intended? Identifying the reasons behind the failed first impression is crucial to avoid making the same mistakes again.

Reassess Your Image

Consider your appearance and behavior. Make sure you’re dressed appropriately for the situation and projecting confidence through your body language. Sometimes a simple adjustment in how you present yourself can significantly impact the impression you make.

Practice Active Listening

Active listening is an essential skill when creating a positive impression. Show genuine interest in the other person, ask questions, and actively engage in the conversation. This will demonstrate that you value their thoughts and opinions.

Confidence is Key

Confidence can make a significant difference in how you’re perceived. Stand tall, maintain eye contact, and speak with a clear, assertive voice. Even if you were nervous during the first meeting, displaying confidence during your second chance can help erase the negative impression.

Apologize and Show Accountability

If your first impression was marred by a mistake or a misstep, don’t be afraid to apologize and take responsibility for your actions. A sincere apology can go a long way in rebuilding trust and making amends.

Highlight Your Strengths

Focus on showcasing your strengths during the second chance encounter. Whether it’s your skills, expertise, or unique qualities, highlighting what you bring to the table can leave a positive and lasting impression.

Prepare and Be Informed

To make the most of your second chance, do your homework. Be well-informed about the person or the situation you are facing. This knowledge will enable you to engage in more meaningful conversations and show your dedication to making a better impression.

Follow Up

After your second chance encounter, follow up with a message of appreciation. Express your gratitude for the opportunity and your interest in future interactions. A thoughtful follow-up can reinforce the positive impression you’re striving to create.

Maintain Consistency

Consistency is key in shaping how others perceive you over time. Ensure that the positive traits you want to convey are consistently reflected in your actions and interactions.

Give It Time

Remember that it may take time to change someone’s initial impression of you. Be patient and continue to work on making positive impressions in future interactions. Over time, people may come to see you in a new light.

Conclusion

First impressions are important, but they aren’t the final word. You can make a second chance for a first impression by reflecting on what went wrong, adjusting your image and behavior, and focusing on building positive, lasting relationships. With practice and dedication, you can turn a negative first impression into a positive, long-lasting one.

Metaverse was not the only topic I presented at the Global Technology Expo – I was asked to lead an interesting discussion and panel around the value of Open Source, and, particularly, FINOS and FINOS SIGs too. In the world of finance and technology, staying at the cutting edge is essential for businesses and professionals alike. Joining a FINOS (Fintech Open Source Foundation) Special Interest Group (SIG) and embracing open source is a powerful way to achieve this. In this article, we’ll explore the reasons why you should consider joining a FINOS SIG and, more broadly, why you should embrace the open source ethos.

Also, if you happen to be in New York October 30th or November 1st this year, please do consider joining Big Boost Monday NYC and the Open Source in Finance Forum!

The Power of Open Source in Finance

Collaboration and Innovation

One of the most compelling reasons to join a FINOS SIG is the opportunity to collaborate with like-minded professionals and organizations. Open source projects are collaborative endeavors where individuals from diverse backgrounds come together to innovate and solve industry-specific problems. When you join a FINOS SIG, you’re entering a community of experts who share a common goal: to advance the state of the art in fintech.

Cost-Efficiency

Open source projects are typically more cost-effective than proprietary solutions. By leveraging open source tools and platforms, you can reduce the financial burden on your organization. Furthermore, by actively participating in open source projects, you can influence the direction of development to suit your specific needs, creating customized, cost-effective solutions.

Transparency and Trust

Open source promotes transparency, which is especially critical in the financial industry. With open source software, you have access to the source code, enabling you to audit and verify the security and integrity of the technology you use. This transparency builds trust, both among organizations and with your clients, partners, and regulators.

Benefits of Joining a FINOS SIG

Domain-Specific Expertise

FINOS SIGs are designed to address specific challenges within the financial industry. By joining a SIG, you gain access to domain-specific expertise and the collective knowledge of industry leaders. This specialization can be invaluable for honing your skills, staying informed about the latest industry developments, and solving challenges unique to the financial sector.

Networking Opportunities

Participating in a FINOS SIG opens doors to a vast network of professionals, including developers, engineers, regulators, and business leaders. Building relationships in the open source community can lead to valuable collaborations, partnerships, and career opportunities.

Influence and Impact

By actively engaging with a FINOS SIG, you can directly influence the direction of projects and standards within the financial industry. Your contributions can lead to the creation of tools and solutions that benefit not only your organization but the broader financial community as well.

Learning and Development

Open source participation is an excellent way to enhance your skills. By working with experts in the field, you can gain new insights, solve complex problems, and stay up-to-date with emerging technologies. This continuous learning can boost your professional development and career prospects.

Conclusion

In an increasingly interconnected and competitive world, staying ahead in the financial industry is essential. Embracing open source and joining a FINOS SIG can provide the tools, knowledge, and networks you need to thrive. The benefits of collaboration, cost-efficiency, transparency, and specialization make open source an attractive choice for both individuals and organizations.

When you join a FINOS SIG, you’re not just participating in a community; you’re becoming a part of a movement that’s shaping the future of finance through shared knowledge and innovation. So, whether you’re a developer, a fintech professional, or a financial institution, it’s time to consider the transformative power of open source and the unique advantages of joining a FINOS SIG.

This year at FINOS we are focusing on one of FINOS’ key existing projects: Open Source Readiness. This is FINOS’ term for helping the finance industry “do open source properly”.

We continued working on the last bits of the last pending PR before the big reveal towards the OSR Book of Knowledge, which is Brittany Istenes’s article on Foundations like The Linux Foundation, OSI or CNCF – the benefits and possible drawbacks of your open source project joining one of them. With this cleaned up and merged, and the exam and training materials finalized, we are ready for a hugely successful OSFF! So I will use this platform to advertise something else now. 

And that something else is Big Boost Monday NYC! If you are not familiar, Big Boost Monday London, Belfast and Dublin are tremendously successful DEI monthly meetup series, bringing hundreds of people together. And here comes the first opportunity to welcome this in North America – first to New York City and later to Montreal (Les Lundis Géants!) Every month, it is hosted by different tech firms that aim to inspire and empower people who are interested in finding their pathway into tech. The event features guest speakers from various backgrounds and sectors, who share their stories, programs, initiatives, and tips on how to get started in tech. The event also promotes diversity, equity, and inclusion in the tech industry, and showcases the work of FINOS, an open-source foundation for financial services.

The event is free to attend, but requires registration through a link provided by the host – Register here! The event typically lasts for an hour and a half, with 30 minutes for networking and Q&A. It is your tech & DEI meetup, helping you find your pathway into technology in the city! It is open-source, an open community, open to all for opportunities.

• Registration & Networking – 17:00
• Talks Start – 18:00
• Talks Finish – 19:00
• Post-event Networking To Close – 19:30

Who is this for?

• Find out more how open-source is power innovation in finance
• Hear from leading Women in technology
• Explore different pathways to a career in technology
• Industry professionals, senior stakeholders, allies and sponsors
• LGBTQ+, Students, under-represented groups, and the curious
• Non-degree holders
• With local community outreach soon in NYC/Montréal

After this huge Big Boost Monday advertisement, let me move back to the usual topic here again – with the usual reminder – if you have contributed to the Book of Knowledge at OSR, but haven’t yet been added to the about.md – here is your chance, make sure you would be part of the Book of Faces when we unveil it at OSFF – reminding me to point out that:

OSFF REMINDER: ONLY  3 WEEKS TO GO!

If you work for a FINOS member and live in New York, why haven’t you signed up to come to OSFF yet? Soon it will reach capacity, so hurry up if you haven’t registered yet!

There are complimentary passes for employees of FINOS Member Firms so hurry up and register already!

The OSR and InnerSource SIGs are collaborating on running a booth at the event – would you like to help staff it? Get in touch if so! Also, many other booths, FINOS projects and much more will be present there! Yours truly will lead a panel discussion about Spatial Computing and its use for Financial Services – looking forward to having you there!

If you haven’t received your unique member code, please contact osff@finos.org and we’ll get you sorted.

Sign up here!

As I presented on my tech talk and my booth at the Global Tech Expo event yesterday, some of the questions were no longer the “why a bank is doing this?“, rather started to ask the real questions. One is, the “What the Metaverse is?”. Instead of trying to come up with a definition, let me try to come up with an explanation of what can and cannot be explained today.

The term “metaverse” has gained significant attention and popularity in recent years. It represents a virtual, interconnected, and immersive digital space where people can interact, socialize, work, and play. However, explaining the metaverse in just a few words is a challenging task. In this article, we will explore what can and cannot be conveyed succinctly about the metaverse.

What Can Be Explained

• Digital Reality: The metaverse is a digital, virtual reality where users can engage in various activities, including socializing, gaming, attending events, and working.
• Interconnected Worlds: It’s a network of interconnected digital spaces, worlds, and environments, providing seamless transitions between them.
• User Interaction: Users can interact with each other and the virtual environment through avatars, text, voice, and even haptic feedback.
• Endless Possibilities: The metaverse offers diverse opportunities, from exploring fantasy realms to conducting business meetings or attending virtual concerts.
• Immersive Technologies: Advanced technologies like augmented reality (AR) and virtual reality (VR) contribute to creating a lifelike experience within the metaverse.

What Cannot Be Explained

• Full Depth and Scale: The true depth and scale of the metaverse are vast and multifaceted, making it challenging to capture in a few words.
• Evolution and Development: The metaverse is continually evolving, with new technologies, platforms, and concepts emerging, which cannot be entirely summarized briefly.
• Complexity: Explaining the intricate systems, infrastructure, and interactions within the metaverse in a few words is insufficient to do it justice.
• Cultural and Social Implications: The impact of the metaverse on society, culture, privacy, and ethics is a vast and ongoing discussion that cannot be covered briefly.
• Varied Interpretations: Different people and experts may have varying interpretations and visions of the metaverse, adding to its complexity.

Conclusion

In summary, the metaverse is a complex and evolving digital universe where users can explore, interact, and create. While its basic concepts can be explained in a few words, understanding the full scope and potential of the metaverse requires delving deeper into its intricacies. The metaverse is an exciting and transformative concept that will continue to shape the future of human interaction and digital experiences.