Things we’re reading today include … Powell sets Fed’s course with data-based judgment UK’s biggest payday lender Wonga ‘on the brink of collapse’ Britons seem relatively relaxed in the face of Brexit apocalypse | Larry Elliott Wonga ‘on brink of collapse’ after surge in compensation claims The mood on Brexit is turning. Labour can turn…
Things we’re reading today include … Bank of England’s chief economist warns A.I. could threaten ‘large’ amount of jobs Bank Branches Are Closing At A Record Pace. Here’s Why JPMorgan Chase Is Opening More Big banks are getting ready for an uncertain future JPMorgan undercuts discount brokerages on trades Greece may still be Europe’s sick…
Business Insider recently listed what they believe are the 32 FinTech unicorns around the world. Here is their list: =27. Symphony — $1 billion =27. TongDun Technology — $1 billion =27. Funding Circle — $1 billion =27. Kabbage — $1 billion =27. 51 Credit — $1 billion =27. Gusto — $1 billion 21. UiPath —…
Things we’re reading today include … Banks May Be Using Lehman-Style Trick to Disguise Debt Why David Drumm cooked the books at Anglo Irish Bank German asset managers demand ‘unhindered access’ to City of London in boost for Brexit Britain Iceland: From crisis to hotspot, 10 years on from the financial crisis Kenya’s bankers warn…
I’ve got caught in a few discussions recently with people who tell me Ant Financial are Chinese. They’re not. Neither is Alibaba and, if you think they’re just Chinese, you’re going to miss a huge change in the next decade. Ant Financial is an open marketplace of apps, APIs and analytics, that I’ve been describing…
Things we’re reading today include … Venezuela Spends 20,000 Petro to Create a Digital Cryptocurrency Bank Blind customers locked out by bank web upgrades Bank Stocks Have Peaked, Here’s Why Bank of America’s loan to Remington tests its firearms pledge ANZ scraps sales bonuses for financial planners as inquiry shakes up sector Airlines to launch…
I often talk about my week in Hangzhou last year, writing the case study on Ant Financial for the new book Digital Human, and particularly the words of Jack Ma on how he sees managing the Alibaba platform: Management. The word is there for regular companies. At Alibaba we treat it more like governing an…
I’ve been at a few conferences this week, and was amused by an audience poll at one event. The moderator first of all asked: Do you believe that the regulators are in the incumbent’s pockets and protect the industry from new competition? You may find it gratifying that most of the audience disagreed with the…
Just before Christmas, I was interviewed by a Turkish magazine about the future, Turkey and fintech. I thought it might interest folks to share it here … When you wrote your first book about fintech – little was known about it. How much has that changed and have your predictions so far come true? Things…
