Rip Out the Core, or How We Learned to Stop Worrying and Build a Better Bank (Not Just a Better IT System)

We have somehow survived long enough to make it to Season 14, and to kick things off, Ville is putting his co-host Pål in the hot seat. Pål actually went and published a brand new book, Rip Out the Core, proving that at least one half of this podcast is capable of being productive.

We start the episode with a vintage Pål joke about minting meme coins. We will not spoil the punchline here, but let's just say it is wrong on several levels. Then we dive into the hard-earned lessons from his three decades of scars in banking transformation.

If you have ever wondered why so many banking projects fail to meet expectations, this episode is your survival guide. We unpack:

.- How a disastrous kitchen flood inspired his unified theory of Platform Enabled Banking Transformation.

.- The Goldfish Innovation Cycle where banks endlessly loop between chasing shiny new tech and retreating to painful core replacements.

.- Why the traditional RFP procurement process has devolved into AI generated checkbox theatre.

.- The Build Buy or Consume golden rule of banking architecture.

.- The twelve month rule for execution before your strategy hits the point of diminishing returns.

What is the ultimate piece of advice Pål has for any bank CxO listening? You will have to tune in to the end of the episode to find out, but we can confirm it involves a blank piece of paper and a healthy dose of caffeine.

Pål also has a special offer for our listeners. Post a picture of yourself with his book on LinkedIn, tag him, and he will send you a personalized signed sticky label for your copy. And if you spot the specific Easter eggs mentioning our very own Ville in the book, reach out to him for a mystery gift (because of course Ville's culinary ego could not resist making an appearance in Pål's kitchen metaphor).

Grab your copy at ripoutthecore.com and tune in to the episode on your favorite podcast platform!

Episode hosted by Pål Krogdahl & Ville Sointu

Episode produced and edited by Fintech Daydreaming

- Email us on Hello@FintechDaydreaming.com

- Fintech Daydreaming home page - https://www.FintechDaydreaming.com

- Fintech Daydreaming on LinkedIn - https://www.linkedin.com/company/fintech-daydreaming

- Pål Krogdahl - https://www.linkedin.com/in/krogdahl/

- Ville Sointu - https://www.linkedin.com/in/ville-sointu-54682b/