Views
9 months ago

Jaguar Magazine #08

  • Text
  • Salvador
  • Materials
  • Morris
  • Cultural
  • Ahmed
  • Mestre
  • Arts
  • Galway
  • Capoeira
  • Jaguar
In this issue, we explore the art of creativity from the Brazilian masters who devised the graceful art of Capoeira, to the Irish artists mixing new culture with old. You will also discover the creative line that links Victorian wallpaper to the iPhone. While the multi-talented actor and performer, Riz Ahmed, explains why it is the right time to reveal his true self to the world.

BEYOND THE HORIZON Each

BEYOND THE HORIZON Each issue we ask an expert what their world will look like in 30 years This time: The future of money Illustration Dan Matutina The world is changing, and so is the way we pay for things. We’re already seeing so much of what the next 30 years promises, such as the decline of cash. Some people do still use cash and it’s still a part of the way many people live their lives, so it will take a while before it becomes completely obsolete. Personally, I don’t use cash any longer, but I live quite an urban lifestyle. With the proliferation of the Internet of Things, many shops will follow in the footsteps of the Amazon Go stores in the US, where you can take things off shelves, walk out, and be automatically charged. There will be many more small value payments, and more regular ones for the services you need. In terms of the technology on offer, there’s so much on the cards. Will we have people with chips embedded into their arms, where they’ll swipe their wrist at a turnstile to pay? This is a hugely exciting time and there’s a vast amount of innovation that should be helping you with your money. We’re at the start of all that. Cryptocurrencies will be a more significant part of our future and, as they grow, they’ll become more highly regulated. When that happens, the current hype will die down and people will become far more objective, comparing them to traditional currency. Right now, most people only have a vague idea of what crypto is, and they don’t engage with it because they don’t see the upside. I think the next iteration of cryptocurrencies will have better pedigree and therefore more adoption. Machine learning and AI is so important and has the capacity to change people’s lives: apps, for instance, that can help you decide if you have enough money to the end of the week, or the month, year, end of your life. Wouldn’t it be powerful if you could optimise your spending so it could last your whole life and you didn’t have to worry about a poor retirement? AI will help people get better deals and optimise their savings. That said, the danger of all machine learning is that, unless the algorithms are audited heavily, they’ll contain bias. The trouble with some AI is that it tries to replace the style and form of a human relationship or conversation. It’s bad for a bot to pretend to be a person. But, it’s also embarrassing to tell a bank manager, or even another human being, how bad you are with money, or that you feel as if you’re running out of money and need a loan. Some people prefer that to be a private relationship between them and their smartphone. If technology can help you with things such as emotional spending, wouldn’t that be great? People don’t like talking about emotional spending with a person, but machine learning, which you can choose to listen to or reject, is beneficial. Apps will learn how much guidance you want from the way you conduct your life and what you respond to. Will traditional banks still have a place in the next 30 years? Some will transform, either focusing on customer distribution or providing services to financial technology companies, but I don’t think all will survive as they are at the moment. Market share will move from legacy banks to the mobile banks that operate without branches via smartphone. J Anne Boden MBE is the founder and CEO of Starling Bank – ‘the Amazon of Banking’. Starting at Lloyds Bank, where she helped to architect the UK’s first real-time payments system, she was most recently Allied Irish Banks’ COO 74 / Jaguar Magazine

 

JAGUAR MAGAZINE

 

Jaguar Magazine celebrates creativity in all its forms, with exclusive features that inspire sensory excitement, from beautiful design to cutting-edge technology.

In this issue, we explore the art of creativity from the Brazilian masters who devised the graceful art of Capoeira, to the Irish artists mixing new culture with old. You will also discover the creative line that links Victorian wallpaper to the iPhone. While the multi-talented actor and performer, Riz Ahmed, explains why it is the right time to reveal his true self to the world.

© JAGUAR LAND ROVER LIMITED 2020

Registered Office: Abbey Road, Whitley, Coventry CV3 4LF
Registered in England No: 1672070


The fuel consumption figures provided are as a result of official manufacturer's tests in accordance with EU legislation.
A vehicle's actual fuel consumption may differ from that achieved in such tests and these figures are for comparative purposes only.