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A key to invisible finance is a digital identity and this is the hardest thing to crack. It’s been tried many times and failed often. Equally, there are many companies and institutions trying to solve this, but no-one seems to have succeeded. Having said that, Digiwatch estimate that governments will have issued about 5 billion digital IDs globally…

A couple of headlines hit me recently. The first is that twitter is going to create a payments system: Twitter has begun applying for regulatory licences across the US and designing the software required to introduce payments across the social media platform and then, more interestingly, is that Microsoft is going to do the same, but…

After a tumultuous week and weekend, everyone seems to be asking: is this another global financial meltdown? Bank runs, bailouts, rescues: are the ghosts of 2008 rising again? The Guardian Global banking is now inside Schrödinger’s box, The Financial Times What’s wrong with the banks, The Economist Megan Greene discusses the idea, in The Financial…

I’m a firm believer that banks rarely invest to drive revenue and elevate customer service. But I recently hosted a roundtable discussion in London with Appian, a process automation platform company, where leaders from mainstream and challenger banks in the UK gathered to discuss the challenges facing financial institutions when adopting new technology. One of…

This week’s main blog discussions include … Will Silicon Valley Bank kill the FinTech industry? “When you’re not working, what do you do to de-stress?” was the last question Greg Becker, CEO of Silicon Valley Bank (SVB)*, took at an investor conference on Tuesday last week. “Cycling is my advice,” he replied. Three days later…

Welcome to this week’s FU, where we talked about the week that was, and what a week it was. Lots of bank failures and a possibility of some new banks. Bank of America were one of the winners this week whilst First Republic Bank were a possible loser, until they were thrown a last minute…

People fear banking collapses and, with five in a week, is this contagion? In the last few days Silicon Valley Bank, Signature Bank, First Republic, Railsr and Credit Suisse have failed. Technically they are still alive but, realistically, they flat-lined. Is this a financial crisis? No. Each bank had different issues and so I thought…

A headline jumped out at me the other day: World Wide Web inventor Tim Berners-Lee calls crypto ‘dangerous’ and likens it to gambling The key points he made in an interview with CNBC are: Tim Berners-Lee, the inventor of the World Wide Web, called cryptocurrency “dangerous” and likened it to gambling. Discussing the future of…

Brian Armstrong, CEO of Coinbase, the cryptocurrency exchange preferred by many, was interviewed by Bloomberg[1]. I’ve selected a number of key comments he made, as this feeds well into my arguments about DeFi (Decentralised Finance) versus CeFi (Centralised Finance). All commentary below is direct from Brian: … One in five households have used crypto, about 50…

I often return to a theme: where’s my guarantee? Where’s my backup? After the failure of Silicon Valley Bank and Signature Bank during the past week, it begs the question: where’s my guarantee? Where’s my backup? After losing money on MtGox ten years ago: where’s my guarantee? Where’s my backup? With the failure of FTX and Terra-Luna: where’s…