There’s a quote I often use from John Oliver that cryptocurrency is “everything you don’t understand about money combined with everything you don’t understand about computers”. That was 2018. It’s now 2024, and things are a lot worse. I’ve blogged about the confusion of money recently, and it is not only the fragmentation of money…
There’s nothing more annoying than when you get that note saying that you have just been charged $149 to renew your annual subscription to Youreanidiot.com. I subscribe to lots of different things and often forget that I subscribed. Then you suddenly find that $100s are leaving your account each year on things you no longer…
I find it hard to believe that some commentators are still talking about BaaS and the great unbundling of banking. The reason? Well that was the conversation we were having fifteen years ago. Today, the discussion is much more around embedded banking that is intelligent, ubiquitous, everywhere, anywhere, anytime … except that I was having…
It’s interesting when we look at how AI is developing. First things first, AI is a large bucket of development. It’s not one thing. It’s so many things that are then applied to specific areas (I blogged about this the other day). So, it’s interesting reading various reports today about how AI is developing in…
This week’s main blog discussions include … Schrödinger’s Cat, qubits and the future of everything I’ve spent a long time trying to get under the hood of Quantum Computing and always come back to Schrödinger’s Cat. Schrödinger’s Cat is a famous thought experiment that demonstrates the idea in quantum physics that tiny particles can be in…
I’ve spent a long time trying to get under the hood of Quantum Computing and always come back to Schrödinger’s Cat. Schrödinger’s Cat is a famous thought experiment that demonstrates the idea in quantum physics that tiny particles can be in two states at once until they’re observed. It asks you to imagine a cat in…
You may have seen my shameless plug of the new book Intelligent Money: When Money Thinks For You … well, here’s another one. After a podcast with my friends in Finland, who quite like my thinking, Pål Krogdahl wrote up his thoughts on our chat on LinkedIn. I really enjoyed his summary, so here it is. Meanwhile, you can…
For years, I’ve said that Big Tech will crunch the periphery of finance – payments, cards, credit and such like – but will not try and dig into the core of deposit-taking banking because it’s too regulated and difficult. Instead, they are far more likely to partner with banks than do banking. That view still…
For over a decade technology has been transforming the financial world with the rise of the newly integrated markets of fintech. What is interesting is the nuance of this revolution is not playing out in Europe or America, but in Asia, Africa and South Americas. We have seen this since the late 2000s when everyone…
In a letter last week, democratic senators Elizabeth Warren and Chris Van Hollen expressed concerns about bank and fintech partnerships last week, sparked by what looks like the collapse of Synapse. The letter is addressed to the heads of the FDIC, Federal Reserve and Office of the Comproller of the Currency. We write with concern…
