For years, we have debated privacy versus identity. I am all for privacy, but governments are all for identification. If we can identify you, we can tax you. If you are private, you’re off the grid. It’s a balance. The most private way to deal with money is with cash. Cash can be transacted off the…
I watched the recent series Capture on the BBC where real-time images can be distorted and changed. This moves from CCTV images to live television. It’s all about deep fake technology where a person can appear to be ‘live’, when it’s just a fiction. Capture is like an extended episode of Black Mirror. It’s also…
This week’s main blog discussions included … The FinTech Bloodbath Back in January, I called 2022 the Big Regression for FinTech. Ten months later, sure enough, it is. Daily headlines about losses and layoffs are gathering non-stop, and storm clouds are gathering fast to demand market change through consolidation and merger. FinTech London’s double bloodbath…
During the week I tweeted an interesting quote from a start-up firm "A database using blockchain technology to keep track of almost every gold bar in the world"https://t.co/8yd7eHMuBj — Chris Skinner (@Chris_Skinner) October 16, 2022 The story is based upon a reimagining of the gold trade. As Bloomberg explains: Trading on one of the world’s…
The biggest banks in the world are regularly advertising their green credentials, whilst killing the world. They claim to invest in green projects, which are trivial to the amounts they are lending to companies creating emissions and destruction. It’s kind of like a family where you say aren’t we good and then spending the evenings…
After my FinTech Bloodbath post, there was a really interesting conversation on LinkedIn about the post. Some positive: Thanks Chris – another excellent article about the fintech landscape. Interesting the article cites 3 type of firms with a positive outlook: companies that reduce inefficiencies – solving problems create new revenue lines for their clients –…
I mentioned FinTech London has seen a major bloodbath as companies lost value and growth. Since the start of the pandemic layoffs.fyi estimates that 4,300 people have left the sector in London. How many more will be leaving now that Britain is seen as a basket case after Liz Truss actions. First there was the…
Back in January, I called 2022 the Big Regression for FinTech. Ten months later, sure enough, it is. Daily headlines about losses and layoffs are gathering non-stop, and storm clouds are gathering fast to demand market change through consolidation and merger. German online bank N26’s losses widen in 2021 as customer growth slows With new cuts, Klarna…
This week’s main blog discussions included … The top technologies for banks now and next year Two big consulting firms just released interesting reports about technology trends: McKinsey and Bain. McKinsey’s report focuses upon the technologies that matter most, and found 14! As usual, being consultants, they had to put them into a complex chart….
Two big consulting firms just released interesting reports about technology trends: McKinsey and Bain. McKinsey’s report focuses upon the technologies that matter most, and found 14! As usual, being consultants, they had to put them into a complex chart. And then they assess the impact of these 14 technologies by industry. For financial services, the…
