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I often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car? After all, it’s easy to call out banks for doing banking as usual but, if I cannot show them a car,…

Taking of moving from the concept of a Universal Basic Income to money without government to tokens to credits, I’ve been reading a fascinating book recently on Star Trek’s economics called Trekonomics. Released in 2016, I thought it would be some frivolous Trekkie’s drooling over the wonder of the Federation’s Galaxies but, instead, it is…

I seem to grapple daily with the same or similar questions: how to regulate things that don’t recognise boundaries; how to structure a world that is unstructured; the role of authorities in a democratised planet; is there such a thing as money without government? I haven’t answered these questions but because I am corporate and…

Despite there being many capable women in banking, finance and technology, it is surprising how few are at the top of the companies I talk about. Most FinTech start-ups I refer to are run by young men, whilst most banks are run by old men. Where are all the women? Funnily enough, this is a…

Another presentation that was enlightening was delivered by Jean Claude Gaga, CEO of RSwitch Ltd, the national e-payment switch of Rwanda. Jean Claude gave an overview of how Rwanda is moving towards a cashless economy and I was particularly interested as I chair Dot Finance in Kigali each year, and so it gave me a…

This week’s main blog headlines are … How difficult is financial inclusion? There were lots and lots and lots, literally, of focus upon mobile and financial inclusion in my Sudan conference. I guess because only 4% of the adults who live there are banked. You heard me, just four percent. There are over 20 million…

There were lots and lots and lots, literally, of focus upon mobile and financial inclusion in my Sudan conference. I guess because only 4% of the adults who live there are banked. You heard me, just four percent. There are over 20 million people of working or retirement age in the country, so that’s just…

I sometimes feel like a really, sad person. I wake up every day wondering what’s new with tech, FinTech, the world. I go to conferences and, instead of delivering my keynote speech and disappearing, normally hang around to hear the other presentations, as I might learn something. Equally, I sometimes get invited to speak at…

I’ve recently noted a number of reports about Open Banking, with many published recently due to its imminent arrival on January 13, 2018. Source: IBM As can be seen, we have several different groups working on Open Banking. There’s the Payment Services Directive 2 (PSD2) with Open APIs for payments, Open Banking regulations which are…

I was at a recent cybersecurity conference where the head of Europol’s European Cybercrime Centre (EC3) was talking about the threats we face today from the dark web. After Silk Road, much of its illegal business switched to Alpha Bay. The authorities took out Alpha Bay and Hansa business increased almost eight-fold overnight. The authorities…