Julie Meyer, the founder of Ariadne Capital, appeared on Sky News‘s Murnaghan show yesterday to review the papers alongside the chief economist of Standard Chartered, Dr Gerard Lyons.

Commenting on the The Times story (£) that online lender Wonga saw earnings after tax rise from £12.4 million to £45.8 million last year, Meyer said:

“The UK is extremely good at financial services, but when you layer in digital technology that’s where you really get it. What Errol Damelin [the founder of Wonga] did was to create a real-time lending facility. And consequently he’s set the bar high for the banking industry. As a result customers now expect quick loan decisions – technology has accelerated the process.”

Meyer’s insight has been gleaned from 15-years experience working with some of the world’s biggest technology entrepreneurs. Seven Hills recently ran the launch campaign for Meyer’s latest book Welcome to Entrepreneur Country.