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With that radio I was always swimming with the current political streams in the West. I was never stranded.
Lennart Meri
Political
Swimming
Never
Always
West
Current
Stranded
Radio
Streams
Being a 'global citizen' is not something reserved for the global elite anymore. Thanks to the democratising power of technology, it's not a trend determined by privilege or even age but by attitude.
Taavet Hinrikus
Attitude
Technology
Age
Trend
Citizen
Power
Thanks
Determined
Something
Global
Privilege
Being
Anymore
Even
Reserved
Elite
People need the financial sector to be safe; people also need the financial sector to go through a massive phase of innovation. That means delivering on the positive rhetoric, like around settlement accounts, not allowing Open Banking to be diluted, and leading the way on AML.
Taavet Hinrikus
Positive
Innovation
People
Financial
Settlement
Way
Diluted
Sector
Through
Open
Delivering
Allowing
Leading
Like
Safe
Massive
Also
Around
Go
Accounts
Banking
Rhetoric
Means
Phase
Need
The world is getting smaller thanks to technology.
Taavet Hinrikus
Technology
World
Thanks
Smaller
Getting
Most of my time at Skype was spent doing new things.
Taavet Hinrikus
Time
New Things
Spent
My Time
New
Most
Doing
Skype
Things
We're living in a world where international governance is failing to overcome borders, but technology is succeeding in removing them.
Taavet Hinrikus
Technology
World
Overcome
Living
Borders
Failing
Removing
Governance
Where
Them
Succeeding
International
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
Taavet Hinrikus
Trust
Financial
Financial Crisis
Crisis
Financial Services
Would
Taken
Longer
Global
Without
Shift
Happened
Dynamics
Much
Created
Services
There's always been a lot of interest in the tech community about how to foster innovation and creativity - both within a company but also in the ecosystem of a tech cluster. In both cases, creating opportunities for people who don't encounter each other normally to meet and talk is key.
Taavet Hinrikus
Creativity
Innovation
People
Key
Opportunities
Community
Other
Meet
About
Cases
Both
Ecosystem
Talk
Also
Within
Always
How
Been
Encounter
Lot
Normally
Interest
Cluster
Creating
Who
Company
Foster
Each
Tech
As consumers in general, and with Millennials in particular, we're getting used to everything being cheaper, faster, better - and banks aren't keeping up.
Taavet Hinrikus
Better
Faster
Everything
General
Consumers
Cheaper
Particular
Up
Getting
Being
Banks
Used
Keeping
Millennials
No amount of PR works if you've got a bad product.
Taavet Hinrikus
You
Bad
Got
Product
Works
Amount
Securing and attracting the best talent is an obsession in the tech industry for good reason. It's your main asset; it's your edge.
Taavet Hinrikus
Best
Good
Edge
Good Reason
Main
Obsession
Talent
Attracting
Industry
Your
Reason
Tech
Asset
Historically, people have flocked to Silicon Valley because of the belief that that's where the latest innovation is happening. It's a snowball effect.
Taavet Hinrikus
Innovation
People
Valley
Latest
Silicon
Silicon Valley
Because
Effect
Historically
Snowball
Where
Happening
Belief
The attitude to failure is one of the characteristics that's often called out as the difference between the U.S. and Europe. And we do need to be less risk-averse, more embracing of failure. Having failed makes you look bad in Europe. But in the U.S., it makes you look experienced.
Taavet Hinrikus
Attitude
Failure
You
Characteristics
Out
Bad
Embracing
Having
More
Failed
Between
Look
Makes
Often
Difference
Experienced
Less
Europe
Need
Scaling a business at speed can feel like an out of control roller-coaster.
Taavet Hinrikus
Business
Control
Speed
Scaling
Out
Feel
Like
I was in my early 20s when Estonia joined the E.U. For a kid who'd grown up in the Soviet Union, it seemed like my country had come of age. For a country that had been isolated and cut off from the rest of the world, it seemed like we were becoming part of the global community. It opened a whole new world of possibility.
Taavet Hinrikus
Age
World
Rest
Country
Community
Kid
Possibility
Seemed
Joined
Had
Part
Opened
New
Come
Like
Global
Becoming
Isolated
Were
Been
Off
Up
Soviet
Soviet Union
New World
Estonia
Cut
Union
Whole
Whole New World
Grown
Grown-Up
Early
Early 20s
For Estonia, joining Europe meant our potential as a country increased - not decreased - because of that connectedness.
Taavet Hinrikus
Country
Increased
Our
Potential
Joining
Because
Estonia
Meant
Europe
The technology is not an end in itself: it is a tool. It can make it easier for us to communicate or manage our finances. It can help us take care of our health or help policemen in their work. It can create jobs and boost growth. It can enhance transparency and accessibility to services.
Taavet Hinrikus
Work
Health
Technology
Communicate
Care
Tool
Our
Finances
Easier
Boost
Jobs
Take
Take Care
Policemen
Make
Accessibility
End
Itself
Manage
Us
Create
Transparency
Help
Enhance
Growth
Services
The world is becoming more global. More than ever, people are proactively deciding where to live, where to study, where to work. Sometimes it's out of necessity, sometimes it's out of choice.
Taavet Hinrikus
Work
People
World
Sometimes
Live
Out
More
Study
Global
Becoming
Than
Where
Deciding
Choice
Ever
Necessity
To be a global business, you need access to the best talent from around the world - fix this, everything else falls into place. Whether it's homegrown or imported, we don't mind where it comes from - we just want the best.
Taavet Hinrikus
Best
You
Business
World
Mind
Else
Everything
Everything Else
Talent
Global
Around
Access
Imported
Falls
Fix
Just
Where
Want
Whether
Place
Homegrown
Need
International money transfer is a massive consumer rip-off. Banks and companies like Western Union have gotten away with it for too long.
Taavet Hinrikus
Money
Long
Too
Rip-Off
Consumer
Like
Massive
Gotten
Western
Banks
Transfer
Union
Companies
International
Away
While in two very different sectors, both Skype and TransferWise were born out of frustration.
Taavet Hinrikus
Frustration
Sectors
Out
Born
Both
Were
Very
Different
While
Skype
Two
'Big' problems are overwhelming, but when we distil them down to their simplest forms, then the solutions become simple, too.
Taavet Hinrikus
Simple
Problems
Big
Become
Overwhelming
Down
Too
Solutions
Simplest
Big Problems
Forms
Them
Then
Without immigration, nations would stagnate. It is key for innovation and for economic growth.
Taavet Hinrikus
Innovation
Key
Immigration
Would
Economic
Economic Growth
Without
Nations
Growth
Creating a new country from scratch has given Estonia the license to imagine what a country could be.
Taavet Hinrikus
Country
License
Given
Could
New
Scratch
Estonia
Creating
Imagine
Financial services have always been about trust. Perhaps the biggest barrier to entry has been getting new customers to trust an unknown brand or service, and that's particularly true with digital disruptors who lack a physical presence on the local high street.
Taavet Hinrikus
Service
Trust
Financial
Digital
Unknown
Local
Financial Services
Has-Been
High
Physical
About
Entry
True
New
Perhaps
Particularly
Always
Been
Brand
Getting
Lack
Biggest
Customers
Who
Barrier
Street
Presence
Services
The growth of FinTech has been driven by adoption across age groups, but the demand from the millennial generation to innovate and think about financial services differently has been a catalyst for change.
Taavet Hinrikus
Change
Age
Generation
Financial
Think
Innovate
Financial Services
Has-Been
About
Adoption
Driven
Catalyst
Demand
Been
Across
Groups
Differently
Growth
Services
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