I’ve talked a lot about blockchain, but not much lately about the use cases, of which four stand out in terms of real activity: Clearing and Settlement, Trade Finance, Payments and Digital Identity. I thought I’d do a deeper dive into these during the quietness of August, starting with what’s happening in Clearing and Settlement. Today,…
Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news. She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: Lots of banks have been testing blockchain based applications for trade finance… 15 R3 Members Trial Distributed Ledger…
Here are our key posts for the past week … Renewing core systems is like renovating the subways Someone recently equated banks and their systems and structures, to the underground in London. It’s a lot of pipes, wires, cables and tunnels that were built in the Victorian times and are still operating today. You have…
Someone recently equated banks and their systems and structures, to the underground in London. It’s a lot of pipes, wires, cables and tunnels that were built in the Victorian times and are still operating today. You have engineers on the tracks every night and day, trying to keep the systems running, whilst also trying to…
On Tuesday the Competition and Markets Authority (CMA), a UK Government Agency, told British banks that they must digitalise or suffer penalties. In a report entitled Making banks work harder for you, they have ordered the UK banks to digitalise within two years or face regulatory fines. The key headlines include, under what the CMA…
As my readers will know, I regularly interview innovators of start-ups and banks of how they see the world. These interviews constitute a third of the ValueWeb and Digital Bank books. In the interests of maintaining these case studies, as I find them interesting, I recently met Ben Milne, Founder and CEO of Dwolla. In case you’re…
Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news. She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: On fintech and pensions… BBVA’s Outside Venture Fund Backs Retirement Startup (American Banker) Propel Venture Partners, the venture…
Here are our key posts for the past week … Looking for a live Unicorn I was chatting about Unicorns yesterday. I won’t say which one we talked about, but one specific firm was being picked on as unsustainable and incorrectly valued. I was particularly surprised to hear that their cost of customer acquisition is…
I was chatting about Unicorns yesterday. I won’t say which one we talked about, but one specific firm was being picked on as unsustainable and incorrectly valued. I was particularly surprised to hear that their cost of customer acquisition is estimated to be $400 per customer. For a start-up firm that is dealing in high…
