After yesterday’s blog generally about blockchain use case implications in Clearing and Settlement markets, here are the six companies I see as being at the forefront of changing the game: Digital Asset, SETL, tO, Clearmatics, Symbiont and itBit. Digital Asset Digital Asset – also known as Digital Asset Holdings (DAH) – is the most notable…
Someone recently equated banks and their systems and structures, to the underground in London. It’s a lot of pipes, wires, cables and tunnels that were built in the Victorian times and are still operating today. You have engineers on the tracks every night and day, trying to keep the systems running, whilst also trying to…
Yesterday I blogged about the flagship lead of the Bank of England to support innovation and create refreshed central bank digital structures. They are experimenting with everything from a Britcoin to a FinTech Accelerator program, and these operations have filtered through the system into RegTech programs from Project Innovate to the Regulatory Sandbox. So now…
Things we’re reading today include … Break up the financial watchdog over HBOS failures, MPs urge HBOS: City regulation ‘outdated and unfair’ say MPs Hunting ground Bank regulators, be wary How once-secretive Luxembourg is vying for a slice of the City of London Lloyds and PwC set to defend negligence claim Ex-Wall Street banker accused…
I talked about the legacy problem yesterday and, in reality, the problem isn’t just the legacy system. It’s the legacy people and legacy customer. The legacy people are the ones who sit in the organisation and resist change. They know where their cheese is and they don’t want it to move. This appears to be…
I know I said I’d stop going on and on about the #Brexit, but there will be a few more sweep up stories. This one is a special for Friday as it’s already begun with Lithuanian MEP sending a letter to the leaders of London-based financial institutions stating the fantastic opportunities they could gain by…
I’ve had a few meetings with folks at the White House over the past eighteen months, which has been an honour and not something I felt I should blog about. The National Economic Council woke up to the FinTech world early last year and have been consulting with many in the FinTech ecosystem. The latest…
Things we’re reading today include … Deutsche Bank CEO John Cryan explained his 2 key strategies for turning the bank around ICICI Bank launches next generation features on iMobile Whole industries will be wiped out by new technology, warns Bank of England’s Mark Carney West Bromwich Building Society forced into the red after £27.5m court…
Things we’re reading today include … The overselling of financial transaction taxes Exclusive: NY Fed first rejected cyber-heist transfers, then moved $81 million Deutsche Boerse chief says LSE merger ‘key’ if UK leaves EU HSBC restructures investment bank U.S. investigators probe Goldman Sachs over Malaysian fund 1MDB: WSJ report Sterling swings as polls suggest UK…
Friday’s blog was all about bank innovation labs and structures. A serious and committed undertaking this time around, with many experimentations and proofs of concept taking place, especially around blockchain. Great. The thing is that as I walk into these hallowed places of bank sponsored creation, it feels like a very formal version of a FinTech…
