Digital Bank

I’ve said for years that the mobile network revolution includes everyone. Anyone who can find a friend with a mobile telephone can talk, trade and transact. Many have mocked my message, but the message is consistent: technology has transformed our planet. This is evidenced by that there are almost four billion more mobile connections than people…

It’s interesting times when regulators seem to regularly clamp down on fintech firms that are out of the starting gate. The biggest area they are trying to grapple with is cryptocurrencies, obviously, but they seem to be failing there: The rise and continuing fall of Sam Bankman-Fried: A step-by-step guide to his case so far…

It’s coming. It’s been talked about for years. It’s finally here. Tokens. Physical and digital assets are being tokenized. In fact, maybe your DNA has been tokenized. Soon, everything will be tokenized. We talked about this years ago, but it’s notable that VISA, SWIFT, BNY Mellon and JP Morgan are now tokenizing. In a number…

I’ve known some companies around the fintech space for years, one of which is Backbase who have kindly invited me to speak at a couple of their events in Q4 (Amsterdam, Bangkok). The theme they are promoting is to dream big or, as Backbase’s CEO, Jouk Pleiter, puts it: “the idea is a big endorsement…

I bumped into an interesting online debate the other day, that started with Brian Armstrong, the CEO and founder of Coinbase, who always has something worthwhile to say. His opening line on a recent Coinbase blog is a good example: Coinbase is working to update the financial system that was built over 100 years ago by enabling…

For some time it has been clear that there are at least two camps in banking: those who get tech and those who don’t. This applies at the executive level just as much as it applies at the customer level. The manifestation of this in reality is a bank that thoroughly doubles down on digitalisation…

A few years ago, a bank CIO said to me that he was not that bothered about blockchain technologies, as these involved many externalities; he was far more interested in AI, as this could make breakthroughs with internalities. In case his words are lost in translation, what he meant is that blockchain would not deliver return…

Brazil’s FinTech giant Nubank just crushed its 2Q 2023 earnings. We have never seen growth like NU’s in any challenger bank. In fact, some would claim – including me – that this ten-year-old company is not only the strongest neobank in the world, but one of the best-run digital banks ever, maintaining solid profitability. Here…

As someone who has been writing most of his life, and specifically books for two decades, the singular focus on technology and finance has been an interesting journey. The breakthrough came in the early 2010s for me, when Digital Bank was released. Since then, I’ve travelled the world meeting visionaries in banking, finance and technology,…

Thinking about money being inside my head, it already is in many ways. When I go around paying for things, I’m not focused upon my balances but on living my life. In the back of my head is that awareness that debits are going down and credits up, but the actual numbers are generic and…