For ten years, my friends cover at Z/Yen have been producing the Global Financial Centres Index (GFCI), on behalf of the City of London. It’s a research program where people can answer the survey questionnaire and, from those participating, the different cities of the world vying to be financial hubs are ranked. Around 2,500 people respond…
So I’m in a conference that’s talking all the time about B2B2C models. I guess that’s because there are a lot of FinTech startups focused on the B2B2C structures like Leveris, Thought Machine, Solaris, RailsBank, ClearBank, CBW and more. But these are not B2B2C structures. The people talked B2B2C have got that wrong. There is…
A bank has to make a regulatory change every 12 minutes. That’s some task. A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t…
OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and…
The first few weeks of 2017 bombarded us with articles predicting the future of fintech and financial services. I’ve now analysed them all and identified the top 11 trends that the leading banking and FinTech experts agree we should be following now. Here’s the trend breakdown: Removing friction from the customer journey Rise of insurtech Rise of regtech…
It’s intriguing to see how the world has now got the FinTech message. The Telegraph ran a conference about it (I was there); The White House has published a report on it; America’s Celebrity Apprentice has one of our own on it; and The Banker has run a magazine feature dedicated to it.There’s even a…
For those who weren’t looking, you might have missed the release of the Framework for FinTechh white paper released by the White House last Friday. It’s the output of the work performed by the National Economic Council’s Adrienne Harris and her team, who I’ve been delighted to support. The paper represents the policy objectives for…
I’m just starting a project on real-time, immediate, faster payments or whatever you call it. It’s basically making a payment that is either settled within seconds or the data is moved and settlement takes place at a later time, but it look immediate. There’s lots of reports out there about immediate payments, with my favourite…
I’ve been talking a lot about open sourcing financial services this year and, more recently, tracking Open Banking. The Open Banking Working Group was launched just over a year by HM Treasury to create an Open Banking Standard. The standard is meant to guide how open banking data should be created, shared and used by its owners and those…
