Digital Bank

My blog the other day about asking what’s going to change is the wrong question was inspired by the quote from Jeff Bezos and this report from Team8: an unconventional view of the future of fintech https://team8.vc/rethink/fintech/2030-and-beyond/ They delve into three areas: What won’t change? What do we believe are the ‘immutable physical laws of…

I seem to have been immersed in APP fraud recently, mainly because the UK government is introducing new laws to manage such fraud on October 7. What is APP fraud? It is an Authorised Push Payment. It’s basically where you pay for something voluntarily which is not real, such as a parcel delivery that is…

I realised today that I’ve talked lots and lots about Asia, Africa, Europe and the South Americas banking, fintech and digital state. But I haven’t written much about the USA. So, today’s the day! With a colossal $176 trillion in Household Financial Assets and $128.5 trillion in non-cash payments, the U.S. banking sector stands as a…

When I was a lad, we had one bank account that we opened when we were going to university and you stayed with that bank for life. Today, I have many bank accounts and credit and debit cards. I use Wise, Revolut, Monzo, Lloyds, American Express, Millennium, HSBC and more. Then you add in pensions…

I find it weird as my news waves have recently been drowning in pay-by-bank PR and marketing. Finally, I decided to see what this pay-by-bank news was all about and it turns out that it’s the USA finally allowing A2A payments. Wow, big news … not. The thing about the USA is that their payments…

Anton Golib, Founder & President of SwissAssetDAO, just dropped an interesting update on DAO. What is a DAO? Well, let’s turn to Wikipedia: A decentralised autonomous organisation, sometimes called a decentralised autonomous corporation, is an organisation managed in whole or in part by decentralised computer program, with voting and finances handled through a blockchain. In general…

I enjoyed listening to the Odd Lots podcast from Bloomberg this week, as they were interviewing Marco Argenti, the Chief Information Officer at Goldman Sachs about AI. They even transcribed the whole thing. As AI in banking is my big 2024 subject, I listened to the podcast, read the transcript, got the t-shirt and wear the…

I found it fascinating to spot this TikTok interview highlight with Ford, the car company, CEO Jim Farley explaining the challenge they have with software updates. What he is describing is the path that many banks are taking and which, tbh, I have been promoting, which is curating the ecosystem on the platform. The issue with…

Whilst most banks are closing branches, JP Morgan Chase are opening new ones in the USA. Why? My LinkedIn friend Arcady Lapiro, CEO and founder of Agora, explains: Wondering where JPMorganChase Chairman and CEO Jamie Dimon will be jet-setting in the next couple of weeks? Here’s a hint: think “Small Town, USA.” Kicking off today,…

I find it interesting that most reportage of fintech is very much B2C focused. We talk a lot about Stripe, Adyen and Klarna; we talk about A2A, P2P and PIS; we talk a lot about challenger banks and neobanks; we talk a lot about retail and consumer markets. We don’t talk so much about B2B…