Barclays Pioneers: Redefining the Sharing Economy

Dec 13, 2016 10:00 AM ET
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'The sharing economy' is one of the hottest topics in the business world, but do we really understand what the term means? Ian Rand, CEO of Business Banking at Barclays, believes it’s time for a new definition based on mutual success and growth.  

Banks have been on a long journey. It started more than 300 years ago in the coffee shops of Lombard Street when they began ‘matching’ suppliers with consumers, buyers with sellers, importers with exporters, and – crucially – those who had capital they wanted a return on, and those who wanted to use that capital.

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