Grid

It interests me that there are so many reports about pensioners or, if you’re American, seniors are the highest group of people suffering fraud, scams and hacks. What’s going on? Financial fraud and scams targeting adults over 60 have reached “epidemic proportions”, with billions lost and often many occurrences of repeat victimisation. According to recent data, roughly…

This week’s main discussions include … Did the regulator just admit that banking is a mess? I’ve just read the regulatory roadmap that the UK’s Financial Conduct Authority released this week and realised that it is less a neat plan and more a recognition that the current system is broken and we’ve run out of…

A chat with Wio Bank, a fully digital, platform-based bank – I recently had a nudge to talk to Wio Bank, who claim to be the Middle East’s first fully digital, platform-based bank launched in Abu Dhabi in 2022 (not sure about this as there are over 20 neobanks operating in the Middle East). Backed…

I’ve just read the regulatory roadmap that the UK’s Financial Conduct Authority released this week and realised that it is less a neat plan and more a recognition that the current system is broken and we’ve run out of road with Open Banking. For the past decade, Open Banking has been the poster child of…

I just had an interesting podcast conversation about stablecoins, Central Bank Digital Currencies (CBDCs) and tokenised deposits. Most people in finance think they understand the differences, but it’s worth pausing for a moment, because the distinctions really matter. At a very simple level: stablecoins are privately issued digital tokens (think USDC or Tether) backed by…

It was interesting that, last week, US regulators called an urgent meeting with the CEOs of the largest banks last Thursday, after the emergence of a new AI model from Anthropic called Claude Mythos. The reason wasn’t hype – it was capability. This model appears able to identify deep vulnerabilities in widely used software and…

I’ve been inundated with reports about stablecoins lately, and they all say the same thing … but in very different ways. So let me try and cut through the noise. Stablecoins are for wholesale commercial banking and trading today. They are not for the likes of you and me. But that will change. Let’s narrow…

This week’s main discussions include … Almost half of the world’s banks aren’t ready for ISO20022 Just got some interesting research from RedCompass Labs that states 44% of banks aren’t on track to meet ISO 20022’s structured address migration deadline in November 2026. It’s an important deadline as it marks a hard stop to the old SWIFT…

Just got some interesting research from RedCompass Labs that states 44% of banks aren’t on track to meet ISO 20022’s structured address migration deadline in November 2026. It’s an important deadline as it marks a hard stop to the old SWIFT messaging standards. You could see this as ‘glass half full’, and calculate that it means more…

I stumbled over this article  the other day on MSN and loved it. The reason? What would you do if you won the lottery? We all dream of the day that we get millions of dollars in our account. What would you do? Well, here’s the answer (for some). A whiskey distillery Peter Lavery – who…