Grid

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 innundated 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…

We love to throw phrases around to try to ground the next generation of banking. I was lucky enough to coin the phrase “digital bank” and “banking-as-a-service” years ago, and have now moved on to “intelligent bank” (coming out soon). For those who read my blog regularly, you will know that I see this as…

I read Jamie Dimon’s latest annual letter released yesterday. It has become, for many, one of the best benchmark letters to read about the state of banking each year and, as always, it’s less a report card on JPMorgan Chase and more a reflection on the state of the world. What struck me most is…

I just found an interesting report on fintech in Germany, a place I’ve spent a lot of time with the likes of N26, Trade Republic, Mambu, Raisin and Solaris. That is just to name a few! The reality is that there are hundreds of fintechs in Germany – “more than 700” according to the German…

This week’s main discussions include … Money only works in a trusted, shared system … which is why blockchains don’t work There’s a fundamental truth about money that we often forget: money only works because we all agree to use the same system. Whether it’s Visa, SWIFT or central bank money, the power of finance…

There’s a fundamental truth about money that we often forget: money only works because we all agree to use the same system. Whether it’s Visa, SWIFT or central bank money, the power of finance has always come from shared networks. The bigger the network, the more useful the money. This is why the latest working…