Things we’re reading today include … Inside the Bank of England’s vaults: can cash survive? The Square Mile is the envy of the world – and leaving the EU shouldn’t change that EU opens ethics probe into Barroso Goldman job Tech advice drives record turnover at PwC Industry heavyweights put faith in robo-advisers Banks find…
I don’t often highlight the Financial Services Club’s forthcoming meetings, but felt it worth just noting a few upcoming specials. Join the Club if you want to come along: Financial Services Club England September 6 Future Applications of the Blockchain Technology – Leanne Kemp, Founder and CEO, Everledger September 20 The Refugee Crisis is also an…
I love the predictions of scientists, but they’re often wrong. The internet has a litany of stupid predictions from IBM’s President saying that there’s a worldwide market for about five computers to The Atlantic predicting that, by the year 2000, we would no longer be engaged in wars. The latest predictions are that, thanks to improvements…
I recently opened an investment fund for blockchain start-ups in partnership with Life.SREDA, who produce a report on the state of FinTech twice a year. The latest report, almost 300 pages of analysis, provide more insights of the first half of the year in FinTech [Money of the Future 1H’2016 and Chinese, Korean and Japanese…
I’ve blogged for over a week about blockchain based developments in Clearing & Settlement and Trade Finance, and will continue for another week talking about the developments in Payments and Digital Identity. However, at this point, I should clarify that I use the term blockchain as an overall term to describe what is happening. I…
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…
