Digital Bank

For twenty years, I’ve been very close to the harmonisation strategies in Europe for a single financial centre structure. From UCITS to MiFID to SEPA and the PSD, it’s all very close to my heart … as it is with David Doyle, a good friend and an EU Financial Services Regulatory Expert (speaking at the…

Marc Andreesson of Andreesson Horowitz fame, the leading investor in fintech start-ups, published a long piece on how AI will save us the other day. It is well worth a read, but it is a long read (about 30 minutes) so, if you don’t have the time, here is a short summation of what he…

FedNow is launching in July, as mentioned in March. Interestingly, there has been a huge debate about this as Robert F. Kennedy (RFK) Junior tweeted: The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny. While cash transactions are…

My friend Dave Birch posted an insightful piece on Forbes the other day. I liked it so much that I asked him if I could share it here and he kindly said yes! Enjoy … The Impact Of ChatGPT And Open Banking Cannot Be Underestimated by Dave Birch, Author, advisor and global commentator on digital financial services….

In this discussion of centralised versus decentralised, the delineation of physical versus digital assets becomes interesting. For example, is it better to have a Picasso painting on your wall at home or an NFT (non-fungible token) of a Picasso picture? It’s an interesting discussion as, when you have the physical asset, you know that you…

I recently presented at the DIFC’s first Dubai Fintech Summit on the past, present and future of banking, finance and technology. It was fun, but with only twenty minutes, it was fast. So, here is that presentation and transcript if you are interested … Slides:  Video: Transcript: Some of you may know me but,…

I’ve written a lot about JPMorgan for over two decades, ever since Jamie Dimon took over the bank in 2004. Back then, it was notable that he made a decision to revoke a massive ten-year outsourcing contract with IBM. Industry watchers see Dimon’s fingerprints on Chase’s decision, announced Wednesday, to cancel the company’s $5 billion,…

Years ago (over fifteen to be exact), I talked about Banking-as-a-Service (BaaS). More than six years ago, I urged financial providers to become conductors and curators of the financial ecosystem. Now, we are in 2023, and there are a few examples of both structures in the fintech system, bearing in mind each structure is different….

  After yesterday’s post, I felt inspired to write a poem about AI. Here goes:   Have we invented the technology to replace us? Have we thrown humanity under a bus? If technology can talk, what does it have to say? If technology can walk, how will it play? We have AI and robots today…

I recently hosted a meeting of C-suite bankers to talk about Artificial Intelligence (AI) in banking. It was a great discussion and my summary would be: it’s scary and exciting. As I blogged about the other day, AI may be our future or our doom. Which way do we look? The meeting had a theme…