The Finanser’s Week: 16th October – 23rd October 2022

This week’s main blog discussions included …

The FinTech Bloodbath

Back in January, I called 2022 the Big Regression for FinTech. Ten months later, sure enough, it is. Daily headlines about losses and layoffs are gathering non-stop, and storm clouds are gathering fast to demand market change through consolidation and merger.

FinTech London’s double bloodbath

I mentioned FinTech London has seen a major bloodbath as companies lost value and growth. Since the start of the pandemic layoffs.fyi estimates that 4,300 people have left the sector in London. How many more will be leaving now that Britain is seen as a basket case after Liz Truss actions. First there was the…

Using blockchain to keep track of every gold bar in the world

During the week I tweeted an interesting quote from a start-up firm "A database using blockchain technology to keep track of almost every gold bar in the world"https://t.co/8yd7eHMuBj — Chris Skinner (@Chris_Skinner) October 16, 2022 The story is based upon a reimagining of the gold trade. As Bloomberg explains: Trading on one of the world’s…

#HSBC: Hypocritical Schizophrenic Bank on Climate Change

The biggest banks in the world are regularly advertising their green credentials, whilst killing the world. They claim to invest in green projects, which are trivial to the amounts they are lending to companies creating emissions and destruction. It’s kind of like a family where you say aren’t we good and then spending the evenings…

If a FinTech start-up cannot talk numbers, will they survive?

After my FinTech Bloodbath post, there was a really interesting conversation on LinkedIn about the post. Some positive: Thanks Chris – another excellent article about the fintech landscape. Interesting the article cites 3 type of firms with a positive outlook: companies that reduce inefficiencies – solving problems create new revenue lines for their clients –…