Things we’re reading today include … Overheating datacenter thwarts 2.5 million bank transactions • The Register America embraces Open Banking (ft.com) Banking chiefs say market vulnerable to ‘geopolitical escalation’, regulatory push | Reuters UBS reports $785m loss due to costs of Credit Suisse integration | The Guardian Taylor Swift gives out bigger bonuses than banks…
Things we’re reading today include … Klarna makes a profit, sets up UK company, and is heading for an IPO UK sets out proposals to bring stablecoins into real economy (ft.com) The SEC is struggling to hire crypto experts—partly because the agency’s employees can’t own cryptocurrency (yahoo.com) Why crypto is a poor relation of digital…
Things we’re reading today include … U.K. fintech used to be a side hustle for bored finance executives in the wake of the Global Financial Crisis. Now it’s an industry with the potential to rival the country’s big banks | Fortune Sam Bankman-Fried might not be the last crypto criminal – The Verge NatWest creates…
This week’s main blog discussions include … The rise and fall of a cryptopunk How could I not make a blog about Sam Bankman-Fried who, yesterday, was found guilty of running a Ponzi scheme smash-and-grab using cryptocurrency? Well, I couldn’t, so here it is. Yesterday Sam Bankman-Fried (SBF), the tousle-haired mogul who founded the FTX…
Things we’re reading today include … HSBC becomes first bank in the world to offer tokenised gold (finextra.com) NatWest combs customer accounts – and tells them to go vegetarian (telegraph.co.uk) Dutch fintech Fero raises $3M to reduce checkout abandonment of online purchases – Tech.eu Revolut appoints new UK boss as it struggles to get banking…
Things we’re reading today include … SNB says Credit Suisse intervention avoided ‘financial crisis’ (cnbc.com) Warning for Bank of England as Lagarde is accused of hammering eurozone economy (telegraph.co.uk) Atom Bank secures £100m from shareholders (uktech.news) HSBC introduces e-Bank Guarantees to digitise trade finance – Times of India (indiatimes.com) Would YOU bank with ‘X’? Elon…
Things we’re reading today include … Campaigners trick or treat the banks – Positive Money The Fintech Files: Your monkey jpegs are going to be regulated (fnlondon.com) Crypto proposals further weaken UK’s financial standing (globalcapital.com) Fintech apps: As money moves without changing hands, extra caution needed | Mint (livemint.com) Lloyds, Halifax and Bank of Scotland…
Things we’re reading today include … Fintech Projected to Become a $1.5 Trillion Industry by 2030 (bcg.com) What Revolut’s attempt to secure a UK banking licence could mean for its current customers and for the ‘unbanked’ (theconversation.com) “Much, much harder” to launch a UK challenger bank today compared to 10 years ago, says Atom and…
Things we’re reading today include: A look at how one fintech CEO’s PR decision backfired | TechCrunch After Brexit has Paris stolen London’s bankers? (thetimes.co.uk) October 2023 euro area bank lending survey (europa.eu) Bank of England Feedback Paper on Artificial Intelligence and Machine Learning | Bank of England Digital payments as a boon to financial…
