Fintech

I was at a conference the other day when the presenter showed this quote from the Wall Street Journal: The question is so simple it seems silly: What is a bank?  Of course you know the answer. A bank pools savings and then allocates that capital. Simple, right? But that’s just the start.  In 2016 a…

As mentioned last week, the CIO’s role is changing from running an empire of maintenance engineers to organising a distributed development organisation. The change in the role is one from a hierarchical control structure, where everything is proprietary and internal, to a flattened organisation that is open and broad. Much of the developments will come…

Building on yesterday’s blog (Do bank’s need a CIO?) , the key misunderstanding is the role.  Most banks thing the CIO is there to run the technology.  They’re not.  That’s what they used to do.  That’s not the job for the future. First and foremost, the person leading technology developments in any incumbent bank of…

I’ve blogged a lot about digital identities, but failed to cover an in-depth review of the largest identity program in the world: Aadhaar.  It’s been very remiss of me, but I’ve been waiting for the right moment and now seems to be that moment. Aadhaar is well known for those in the identity field, but…

I didn’t realise until the other day that the Bank of England has a blog Bank Underground.  Finally, a boring old British bank with a blog.  Not a consumer bank of course – none of those blog – but a good old central bank. The Bank makes clear it’s not the opinions of the institution…

I recently opened an investment fund for blockchain start-ups in partnership with Life.SREDA, who produce a report on the state of FinTech twice a year.  The latest report, almost 300 pages of analysis, provide more insights of the first half of the year in FinTech [Money of the Future 1H’2016 and Chinese, Korean and Japanese…

Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news.  She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: Lots of banks have been testing blockchain based applications for trade finance… 15 R3 Members Trial Distributed Ledger…

Someone recently equated banks and their systems and structures, to the underground in London.  It’s a lot of pipes, wires, cables and tunnels that were built in the Victorian times and are still operating today.  You have engineers on the tracks every night and day, trying to keep the systems running, whilst also trying to…

As my readers will know, I regularly interview innovators of start-ups and banks of how they see the world.  These interviews constitute a third of the ValueWeb and Digital Bank books.  In the interests of maintaining these case studies, as I find them interesting, I recently met Ben Milne, Founder and CEO of Dwolla. In case you’re…

I got into an interesting debate with two good friends in Asia over the weekend.  I was sitting at home in the UK of course, but these days we are all connected globally in real-time so if you post something on Facebook or Twitter, you can soon find yourself in a global discussion.  This one…