Crisis

People fear banking collapses and, with five in a week, is this contagion? In the last few days Silicon Valley Bank, Signature Bank, First Republic, Railsr and Credit Suisse have failed. Technically they are still alive but, realistically, they flat-lined. Is this a financial crisis? No. Each bank had different issues and so I thought…

I often return to a theme: where’s my guarantee? Where’s my backup? After the failure of Silicon Valley Bank and Signature Bank during the past week, it begs the question: where’s my guarantee? Where’s my backup? After losing money on MtGox ten years ago: where’s my guarantee? Where’s my backup? With the failure of FTX and Terra-Luna: where’s…

I’ve blogged a few times about the Ukrainian conflict, and its impact on the FinTech community. It was interesting therefore to recently connect with Huw Davies. Huw is Co-founder and Chief Commercial Officer, Ozone API, and has previously worked with MasterCard, HSBC and Barclays. He’s now involved in supporting the Ukrainian FinTech community. Here’s how…

I’ve been lucky. I got my first job just after a massive economic crisis and haven’t really been exposed to one since. I live in a bubble that has never had a war. I have never been in a country with double-digit inflation, during my working life. What that means is that I’ve never really…

I watched Stuart Kirk’s speech at the FT Moral Money conference last week … … and, frankly, was astounded. He is now being side-lined, suspended, maybe sacked and certainly a pariah with anyone who cares about the future of our world. Why? Well, let’s just take three comments thrown out during his presentation: “Who cares…

Some friends were applauding Visa and MasterCard’s decision to throw Russia off their payments networks over the weekend. Both companies handle 90% of all debit and credit card payments outside of China – and their announcements will deal another significant blow to the Russian economy. It sounds grand, but the presentation by the media misses a…

I have a number of big yawns when I watch the news these days. Banks are doomed!!! Yawn. Central banks are replacing money with digital money!!! Yawn. Buy bitcoin now and make millions!!! Yawn. COVID, vaccines, anti-vaxers!!! Yawn. The Earth is heating!!! Yawn. The climate is in an emergency!!! Yawn. The world will end!!! Yawn….

1948, 1984, 2030 We talk a lot about FinTech. Some of us then break it down and talk about InsurTech, WealthTech, TradeTech and more. But do we ever zoom out? What about just tech? What about just a digital world? It’s funny as I see HealthTech, FarmTech, GovTech and more, and sat back the other…

I heard a statistic on the BBC that natural disasters due to weather are costing the insurance industry seven times more today than in the 1970s. Is that because people insure against such issues more today? Partly, but it’s also because there are more natural weather disasters happening. For example, take this chart from Statista: Source:…

I have a few friends who are climate deniers. That’s fine, they are entitled to their views, but I cannot accept that view. There’s too much science that shows the world is changing. Their argument – those who believe this is not a climate emergency – is that it’s just Earth going through its’ regular…