So I’m in a conference that’s talking all the time about B2B2C models. I guess that’s because there are a lot of FinTech startups focused on the B2B2C structures like Leveris, Thought Machine, Solaris, RailsBank, ClearBank, CBW and more. But these are not B2B2C structures. The people talked B2B2C have got that wrong. There is…
A bank has to make a regulatory change every 12 minutes. That’s some task. A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t…
I outlined yesterday the fact that 98% of money laundering goes unchecked, allowing $1.6 trillion a year to be used for terrorist funding, drug dealers, sex traffickers and possibly worse. This was prompted by a conversation about AML (Anti-Money Laundering) with the CEO and Co-Founder of I met Coinfirm, Pawel Kuskowski. So what’s the solution, is how…
The first few weeks of 2017 bombarded us with articles predicting the future of fintech and financial services. I’ve now analysed them all and identified the top 11 trends that the leading banking and FinTech experts agree we should be following now. Here’s the trend breakdown: Removing friction from the customer journey Rise of insurtech Rise of regtech…
I’ve been wondering for a while how so many companies can be starting up something in the same space, and how are they surviving? The reason for mentioning it is that we keep hearing these numbers around how many billions are being invested in FinTech, bitcoin, blockchain and such like, and yet I cannot see…
For those who weren’t looking, you might have missed the release of the Framework for FinTechh white paper released by the White House last Friday. It’s the output of the work performed by the National Economic Council’s Adrienne Harris and her team, who I’ve been delighted to support. The paper represents the policy objectives for…
I’m just starting a project on real-time, immediate, faster payments or whatever you call it. It’s basically making a payment that is either settled within seconds or the data is moved and settlement takes place at a later time, but it look immediate. There’s lots of reports out there about immediate payments, with my favourite…
I write so much that I sometimes forget what I’ve written, where. For example, Mark Sievert of Silicon Valley Bank made an interesting comment on my predictions for 2017: Happy New Year Chris! One topic I am not hearing much about is the OCC December decision to offer Federal Charters to Fintech firms. http://bit.ly/OCCFintech. Many…
I seem to find most of the truly exciting stories these days are happening in unexpected places. Tanzania, Indonesia, Turkey, China, Brazil … and specifically India. I wrote a fair bit about the demonetisation program in India at the beginning of December, saying that it’s a laudable objective but a flawed one, as 95% of the…
I was looking through Google Analytics to see which of my blog entries had been most read in 2016. Here’s the list and, as you will see, it’s mostly people reading about blockchain news, although how to change the bank, fintech and innovation all get high rankings too. The top ten trends in banking innovation…
