Jim Marous at The Financial Brand just published a survey of what his readers think the future of banking holds. Before you read the results, here are mine: Retail banking focuses upon integrating everything digital Commercial banking focuses upon digital currencies for global trade Investment banking focuses upon the tokenization of …
Read More »HyCOPrite: Harvey Dent (Two-Face) strikes at #COP26
Mark Carney stood up at COP26, alongside Larry Fink (CEO of BlackRock) and Jane Fraser (CEO of Citigroup). Together they announced that the financial industry has pledged $130 trillion of assets to solve climate challenges. Woo-hoo! Thanks. Trouble is that it’s a lie. Larry Fink and Jane Fraser run two …
Read More »#COP26: We must use the world’s wealth to save Earth
Just in case you didn’t catch it, yesterday was the Finance Day at COP26. Rishi Sunak, the UK Chancellor, made a speech commiting the UK to be the first with a net-zero financial centre. Watch the speech: Or, if you prefer, here’s the transcript: Direct the world’s wealth to …
Read More »#COP26: Where’s the incentive?
The discussions of today’s COP26 interested me, as it’s all about the money. Today is the day that all of the world’s finance ministers meet to discuss their dedication to climate change. They had this before – in Paris six years ago they promised $100 billion to be given to …
Read More »COP26: the launch of a Global Citizens Assembly
I’ve been involved in an exciting group that is sending a letter to Prince Charles and the World Economic Forum calling for a Global Citizens Assembly. It’s a call to action for COP26 and I was tempted to write all about it … but was beaten to the game by …
Read More »Take the Finverse more seriously
I’ve blogged a bit about the Finverse – where the metaverse and crypto come together – and was reading Jemima Kelly’s column on the FT about the Metaverse and crypto. She states: As far as I’m concerned, the hypocritical fantasy that underpins crypto also lies at the heart of the …
Read More »Stripe and Klarna partner: how long till the global digital financial platform is built?
Four years ago, I was using this slide in my presentations. As I blogged at the time: “Those who recognise that banks are doing 1000 things average, will naturally come together to do 1000 things brilliantly.” The idea was that FinTech start-ups would start to align with each other to …
Read More »Who will a pension fund pay a pension to?
I have a number of big yawns when I watch the news these days. Banks are doomed!!! Yawn. Central banks are replacing money with digital money!!! Yawn. Buy bitcoin now and make millions!!! Yawn. COVID, vaccines, anti-vaxers!!! Yawn. The Earth is heating!!! Yawn. The climate is in an emergency!!! Yawn. …
Read More »What is spatial finance?
Green finance covers a wide range of financial products and services, which can be broadly divided into banking, investment and insurance products. Examples of these include green bonds, green-tagged loans, green investment funds and climate risk insurance. However, a friend of mine mentioned moving into a focus on spatial finance …
Read More »Is ethical banking a thing?
I just stumbled across a great article about ethical banking. We can call it socially useful banking or green banking or whatever, but it’s all about a bank’s role in society and the scheme of things. Are banks doing the right or wong things? My gut feeling is that banks …
Read More »Can regulations make data work?
I was reflecting on the fact that we work in our silo. Our silo is banking or FinTech or InsurTech or WealthTech or RegTech or whatever. What about HealthTech, FarmTech, PharmaTech, GovTech and all the other industries digitalising? What about if we linked them all together? That’s what future trends …
Read More »What would our world be like if all our data was integrated?
There’s a movement to use data to track and trace every human on Earth. It’s an inexorable movement which citizens are allowing as they sleepwalk into George Orwell’s vision of 1984. The Ministry of Data brings together every bit and byte of your life, and monitors your activities. China has …
Read More »Is George Orwell’s vision coming true?
1948, 1984, 2030 We talk a lot about FinTech. Some of us then break it down and talk about InsurTech, WealthTech, TradeTech and more. But do we ever zoom out? What about just tech? What about just a digital world? It’s funny as I see HealthTech, FarmTech, GovTech and more, …
Read More »The future ain’t what it used to be …
I’ve recently shared a couple of quotes from years ago that gained a lot of social media traction. First, in 1953, Mark R. Sullivan of Pacific Telephone & Telegraph said: “In its final development, the telephone will be carried about by the individual, perhaps as we carry a watch today. …
Read More »Better call Saule … Biden’s choice for the OCC creates a stir
I’ve been watching the headlines related to Joe Biden’s pick for the head of the Office of the Comptroller of the Currency (OCC). OCC is an interesting department, as it can issue national bank charters for US banks, and often runs into trouble. By way of example, under the previous …
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