Fintech

I was talking about the vision of AI integrated with finance through APIs today. The vision is one where every transaction can be displayed through your devices via your apps. It’s the apps, API, AI economy. It means that wherever you go, whatever you do, whoever you deal with and how can be drilled down…

Some years ago, I remember a Chinese lender, Jiedaibao by JDCapital, asking applicants to send them a nude photo to get the loan. The photo would be kept private unless the loan defaulted. If payments were missed, the photo would be shared online to all your friends and contacts. That’s a good way to ensure…

Lots of discussions these days are about AI. AI this, AI that, AI movie, AI influencers, even AI pop. (the K-pop group Mave do not exist – they are generated by AI) Every day, these developments shock and intrigue me. But what does this mean for banking and finance? Well, I guess there are some…

I blogged about tokenizing everything the other day and my friend Efi made an interesting post the other day, related to this, about a report from the Boston Consulting Group. The report focuses upon India, which claims to be the third largest FinTech economy behind America and Britain, and specifically calls out a few key…

When I was a lad – a good start for any commentary – we didn’t know nothing about money. I got pocket money from my dad but, if I begged hard enough and long enough, my dad would relent and buy me that Batman Corgi car I had been lusting after. At school, they taught…

It’s interesting how trends rise. Over the past few years, I’ve been writing a lot about the impact of ESG and AI on banking, so it intrigued me to see a new survey of over 300 bankers about what’s new in banking. Key findings of the report include: Emerging innovations such as AI are cited as…

I haven’t written about Ant and Alipay for a while, but did notice this press release the other day which is significant. The company is is now creating a payment ecosystem for Asian e-wallets. It’s not just Chinese. It’s everywhere Asia. Take note: Ant Group Introduces 10 Asian E-Wallets to Chinese Mainland in Major Expansion of…

I was asking the other day whether it is better or worse that my children play video games rather than watch movies, and the reaction was: time moves on. It surely does. The gaming industry is now bigger than Hollywood and music combined, so what do I know? According to a report by SuperData Research,…

A few people got excited about the news this week that Mercedes-Benz had launched in-car fingerprint payments in partnership with Mastercard. I didn’t. In fact, it still amazes me how little we have developed since my days at NCR, then owned by AT&T. This was the 1990s and AT&T had this fantastic set of adverts…

I saw an interesting comment the other day that got lots of shares, likes and clicks: fintech founders MUST have some experience in banking or financial services background first before they are funded. Many fintech neophytes destroy so much value not out of deliberate actions but just pure ignorance. Funnily enough the person making this…