Grid

My energy bills have shot up, like most peoples, so I rang the energy firm. I was greeted by you are 193rd in the queue. This didn’t sound good. After two and a half hours the phone was picked up. My bill doesn’t seem right, have you taken a reading? I asked. No, but the…

FinTech began in the 2000’s and was fuelled by new technologies – cloud computing and the smartphone in particular – alongside the failing of traditional finance when the financial crisis hit in 2008. Now that we enter a global recession, FinTech has a new challenge: dealing with no investors in a time when they need…

I was intrigued by the news of Glorifi, an anti-woke FinTech start-up that closed before it had really opened. The company, which missed multiple launch deadlines and had its CEO step down due to misconduct, is citing “reputational attacks” and “the failing economy” Rolling Stone, November 2022 The firm was pro-Republican, pro-America, pro-freedom and pro-capitalism,…

It amazes me how many people misread, half-read or assume things based on what you say. There were two instances in the last week. The first: There is an error in @Chris_Skinner’sreasoning. High quality crypto assets absolutely do have fundamental value (all currencies don’t have intrinsic value.) https://t.co/vCWqi00VQV — Gene Hoffman hoffmang.xch 🌱 (@hoffmang) November…

Building on Friday’s blog, everyone is asking whether the house of crypto is falling apart like a house of cards. People are saying that Sam Bankman-Fried, the founder and faller at FTX, was running a Ponzi scheme. What is the definition of a Ponzi scheme? According to the Oxford Dictionary, it is “a form of…

This week’s main blog discussions include: This week’s FU! Before you watch this week’s show on the biggest, most controversial and WTF stories of #fintechuncut, candid commentary on the biggest #Fintech and #FinancialServices stories of the week that was, how about a little quiz for yourself? Who is in desperate need of money as a result…

Before you watch this week’s show on the biggest, most controversial and WTF stories of #fintechuncut, candid commentary on the biggest #Fintech and #FinancialServices stories of the week that was, how about a little quiz for yourself? Who is in desperate need of money as a result of the collapse of #FTX? #crypto Stephanie Ferris, FIS’s new…

This year is proving a testing year for everyone, but particularly for those in the cryptocurrency space. We’ve seen the collapse of Celsius,  Terra-Luna, and now FTX and possibly Genesis. It just reinforces the Wild West of Crypto, which I’ve referred to often. The Financial Times commented on the collapse of FTX – surely you’ve heard…

Thanks to David Birch, I just watched this one hour episode about the history and development of bank cards, hosted by Professor Hannah Fry on the BBC.   I’m well aware of how cards started which dates back to when Frank McNamara forgot his cash and check book and created Diners Club back in the…

It’s interesting how often I see the word disruption, or things like incumbent and old. And yet, after almost twenty years of such discussion, has the old incumbent been disrupted? It doesn’t seem that way, as borne out by two articles I picked up on this week: JP Morgan remains world’s biggest systemically important bank;…