VENTUREBANK Co

Here Are 6 Ways To Build Authentic Relationships With UAE Family Offices 👇 Even with a big LinkedIn network, Ive always baulked at the idea of networking because whenever I hear the word, what comes to mind is a nightmarish speed-dating scene where you meet people faster than you can remember their names. At the same time, I appreciate the importance of curating and expanding my support network, but I prefer to do it in a way that is true to the person I am. Often, with traditional networking, many people are focused on finding out what others do, which organisations they work for and what kind of business they are involved in. And I get it; there might be opportunities for collaboration, job changes and even business contracts. However, the problem with this approach, at least for me, is that these people too quickly become just contacts — a number on your phone or a business card in your wallet that remains untouched. When I meet people, I’m looking for connection, a sense of kinship, evidence of shared values and common interests. I am interested in who people are, not what they can do for me. This is not to say that I don’t care about what they do — I do, but I am more curious about the why, because for me, that gives a better sense of who they are and their potential to fit within my circle. 1. Focus on connections, not contacts - Think about the strength of your circle, not its size. 2. Be curious about people’s stories - Go beyond small talk and be intentional about asking questions. 3. Share parts of yourself too - Dare to be vulnerable. They aren’t always distant LinkedIn contacts or famous personalities in your field, even though there’s absolutely nothing wrong with setting your sights that far. However, you exist in interlinked circles, and you might find a pool of interesting people around you that you can tap into if you remain curious. Talk to someone new at work, church, school or even a neighbour. 4. Be open to looking in ‘unconventional’ places too - You’d be surprised at what you might find! 5. Be deliberate about nurturing the relationship - Let people feel seen and valued. 6. Don’t force it. Not every relationship will work for you - If someone is not your “person”, they simply aren’t, and that’s okay. Know when to draw the line at “cordial” and when to move things along. If someone is not your “person”, they simply aren’t, and that’s okay. In short, authenticity is the secret sauce for meaningful relationships. Keep Searching, Keep Learning - See you at work tomorrow. #FamilyOffice #UAE

Artificial intelligence (AI) plays a transformative role in the Fourth Industrial Revolution, a period marked by the convergence of technologies and a 'blurring of the lines' between physical, digital, and biological realms. As AI adoption proliferates, it will drive risk (potentially harm) and value, an important consideration for investors' due diligence. Ultimately, how it is governed and managed will become a core oversight priority for corporate boards - World Economic Forum    #ai #artificialintelligence #generativeai #genai #airisks #aigovernance #boardsofdirectors #disruptivetechnologies #digitaltransformation #digitaldisruption Paidi O Reilly Prof. Dr. Ingrid Vasiliu-Feltes Martin Moeller Aaron Lax Richard Turrin Sally Eaves Imtiaz Adam Irene Lyakovetsky🎧🎙 Dinis Guarda Antonio Grasso Dr. Martha Boeckenfeld Ian Jones Nicolas Babin Mike Flache Olivier Gomez (𝐎𝐆) Giuliano Liguori Bob Shami Dr. Marcell Vollmer Efi Pylarinou Franco Ronconi Dr. Khulood Almani🇸🇦 د.خلود المانع Olivier Kenji Mathurin Birgul COTELLI, Ph. D. Zvonimir Filjak Eveline Ruehlin Nafis Alam Patrick Maroney Orlando Francisco F. Reis Dr. Debashis Dutta Prof. Dr.Dominique J.E. Delporte - Vermeiren, PhD., Hon.Dr. Victor Yaromin Olivier LABORDE Per Brogaard Berggren Hope Frank Jean-Baptiste Lefevre Lionel Costes Anthony Rochand Neville Gaunt 💡⚡️ Sergio Raguso

The digital bank is dead. Or better the discussion around it. It is simply outdated. And it is very fast being replaced by the #AI bank. Let’s take a look. For years banks’ strategic priorities and IT budgets focused on digital transformation. It basically meant: —    integrating modern #technology into banking operations & —    shifting from a traditional, legacy set-up to a flexible, cloud-based, infrastructure Plus, billions of Euros and Dollars in budget and many years of implementation. The problem with this approach is that it has always been a catch-up play. Meaning that it is an enabler for banks to compete in the digital era, but it doesn’t bring (alone) any competitive advantages over digital native fintechs or bigtechs. AI has brought this fact to the fore. AI is fundamentally changing #banking (and banks), both from a front-end and from a bank-end perspective. It renders digital capabilities not a vague self-defined / driven exercise but a pre-condition for the AI transformation that is already re-writing competition tools and re-defining customer expectations. Consider this: According to Counterpoint Research Apple’s smartphone sales in China fell 19.1% in Q1 2024. What is (one of) the main reason(s)? Artificial Intelligence. Or better the lack of it. Apple has been slow in integrating AI functionality and is lagging rivals such as Huawei.  If AI can trigger this for one of the mightiest and most tech-savvy companies on earth, will it not do the same for banks? In fact: —    banking could see the biggest impact from GenAI as a % of revenues: between 2.8% and 4.7% or $200 bn and $340 bn annually (McKinsey) —    Deloitte goes even further and predicts +$ 1 tn in global banking revenues pools by 2030 —    AI will bring down compliance, operations and customer service costs by 25% (Deloitte) AI is redefining the banking #business and operational model as these lines are being written. Not in the future, but now. Banks’ ability to integrate AI functionality will be much more critical than their ability to offer it in the first place. Example: AI-powered chatbots will change front-end customer interaction. But at the same time, they will fundamentally modify the back-office set-up in terms of opening up hybrid channels, embedding new use cases, enhancing more added-value human interactions and even influencing sales outcomes. Which brings me to my starting point: it's not a “digital bank” discussion anymore but a “AI bank” or “AI-first bank” one. But unlike the transition from traditional to digital, this time transformation will move faster and will be a make-or-break factor. 4 things will be critical into the banks’ AI journey: 1) the challenge of integrating GenAI into existing IT infrastructure 2) retraining / upskilling the workforce 3) adjusting the entire business model 4) managing risks coming from #data protection and regulatory compliance Opinions: my own, Graphic sources: BCG, Roland Berger

Generative AI investors have shifted their focus from investing in foundation models to companies that develop applications on top of these models. In 2023, the top 10 Generative AI funding rounds were dominated by startups building foundation models. In contrast, as of 2024, eight out of the top 10 largest GenAI deals went to companies that built applications third-party foundation models, according to S&P Global research. However, building companies on top of third-party foundation models entails several risks. These companies depend on foundation models owned, managed, and controlled by other entities, making them vulnerable to potential fundamental changes that could significantly impact their operations. Other risks include uncertainty in costs, data privacy concerns, security issues, legal and regulatory risks, and limited customisation options. #generativeai #artificialintelligence #investing #fundraising #innovation

🚨 MUST READ: Bitcoin. Everything you need to know from a tech, commercial, legal and regulatory perspective is in here. I suggest you read and share it... 🪙 Bitcoin changed everything. Sort of. 🫡 It's the OG Blockchain. It's growth has funding hundreds of other decentralised protocols and projects. It is digital money that is both transparent and unstoppable. And now it's available by ETF through your favourite investment banks! 🤷🏽♂️ Or you can just buy it and self-custody yourself. Depends how you like to manage your assets and finances... 👩🏻⚖️ But many regulators, enterprises, law firms and others are still confused about the 'what, why and how' of Bitcoin, so they can start making use of its features (and/or those of other Blockchains). 🍓 The good folk at George Mason University have put together 111 pages of utter goodness, at a level of depth that is both approachable and highly detailed, that answers questions like: - What is Bitcoin? - What are the Benefits? - What are the Challenges to Adoption? - Is Private Currency Legal? - How to Tax Bitcoin? - Policy recommendations to Regulators, And much more... 🧠 If you've been promising yourself that you'll read the Bitcoin whitepaper (and haven't). Or if you've already read the whitepaper and you're still lost, this is the one for you. Give it a read (or ask a GPT to summarise it for you)... What's your opinion on the value of Bitcoin? 🚀🌔 #blockchain #technology #management #innovation  

10 Types of Income-Producing Assets Investing in an income-generating asset involves paying money now to acquire an asset or account with the intent of generating more income in the future. These assets are attractive because of their ability to generate consistent, stable income over time. Any you would add? Credit Brian Feroldi #investing #incomeproducing #assets #incomegeneration