Building on yesterday’s blog about Project Nemo, it’s worth mentioning the Purple Pound. Every year, Britain celebrates Purple Tuesday – in case you missed it, it was last week – and it is all about recognising the massive community in all countries who are financially challenged. 78% of people who have disabilities find it difficult to…
I cannot believe I haven’t blogged about Project Nemo before, but here we go. My good friend Joanne Dewar, former CEO of GPS – the payments powerhouse behind most fintechs – created the Project two years ago when she found many people with challenges being excluded from financial services. Now, two years later, it’s just…
My friend Rik Coeckelbergs wrote an interesting update about a speech by Paul Maskall, Strategic Fraud Prevention and Behavioural Lead, UK Finance, at the Open Banking Expo. He specifically noted a question Paul asked the audience: “What’s the difference between fraud and marketing?” and thought that the only difference “lies in the endgame: whether the purpose…
Things we’re reading today include: Bank of England backs down on crypto after Trump lobbying Proposed regulatory regime for sterling-denominated systemic stablecoins | Bank of England UBS delays migration of some super-rich Credit Suisse clients, sources say China’s Ant International Eyes Fintech In Saudi Arabia Cryptoqueen who fled China for London mansion to be sentenced…
I just picked up this report by Finextra and ACI Worldwide on Payments in the year 2030. The research surveyed over 160 people in C-level financial roles around the world and found that most of them are still thinking about how to move to cloud-based solutions; still grappling with how to do real-time payments; still…
This week’s main discussions include … Do you need AI or a consultant? I was reading McKinsey’s annual summary of what’s hot and what’s not in banking the other day. They pick on four areas: Technology The new consumer Capital efficiency Targeted M&A What got me is that this is just PEST in other words. What’s…
We all revel in the buoyance of fintechs succeeding. What about those who fail? Notable fintech failures include BlockFi: A crypto lending and exchange company that collapsed during the 2022 crypto crisis, partly due to its relationship with FTX (FTX was a fintech failure as was MtGox). Then there are companies like Fast, a one-click checkout company…
I asked AI to tell me about the future of banking the other day. It responded with a great set of answers: The future of banking is being reshaped by technology, shifting customer expectations, and new regulatory and economic realities. Here are the key trends that will define the next 5–10 years: 💡 1. Banking…
I was reading McKinsey’s annual summary of what’s hot and what’s not in banking the other day. They pick on four areas: Technology The new consumer Capital efficiency Targeted M&A What got me is that this is just PEST in other words. What’s PEST? It’s the way we predict the future based upon Political, Economic, Social…
