Digital Bank

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…

When I wrote Digital Human, the book was partly inspired by Sapiens: A Brief History of Humankind by Yuval Noah Hariri. Yuval’s moved on since then, written several more great books, and is now focused upon artificial intelligence (AI). So, I just watched a fascinating presentation from Yuval at the Frontiers conference. Most of the…

European Union and United States diplomats are meeting today, for the fourth time, to work out how to regulate artificial intelligence (AI). The EU Commission expects agreement in the European Union this year on the first AI law, in what some see as a global race to manage these new technologies. The key is how to…

There is a huge debate around whether cryptocurrencies are securities or not. Should they be regulated by the Securities and Exchange Commission (SEC) or not? This has come to a head recently, as the SEC decided to tackle Ripple and Coinbase as deviants. Ripple Effects From SEC Suit Could Strengthen Coinbase Litigation Ripple v. SEC:…