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Why do we count to ten? Because we have ten fingers*. That’s one of the things I learned recently which, when someone said it, made absolute sense. That’s why we have ten times table, and everything is broken down this way today … apart from binary 1’s and 0’s, which is probably because technologists only…

With the launch of Gladiator II this week (one of my fave films of all time was the first one), did the Roman Empire end because of the failure of the economy and, specifically, the monetary supply? Some would say yes. In fact, some would say the fall of the Roman Empire was due to…

Fifteen years ago, I did a major survey into the use of cloud computing in financial services. Bear in mind this was really early days, and the results were quite nebulous. The main headline was that cloud computing needs better definition to succeed: The research report, which encompasses the views of over 230 financial professionals…

This week’s main blog discussions include … Will the new America be based upon a digital dollar that is stable? It’s fascinating how things change. Donald Trump is President-Elect and bitcoin’s price soars to over $80,000. Quite predictable as he will be the crypto-President, as mentioned in July,  but maybe a forecast of a bitcoin…

Last month I asked where is the national payments vision? After last night’s Mansion House meeting in London with the UK Chancellor, it has finally been released. So, what’s in the plan? First, there are two regulators involved in payments: the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR). The consultation discovered that the…

It seems like most of the news this week has been about bitcoin and cryptocurrencies. Between Donald Trump, a crypto convert, and Elon Musk, a crypto enthusiast, everyone is now getting in on the game. By way of example, here’s a few headlines in the past week: There’s another big winner of the US election:…

I was interested in this speech given the other day by Patrick T. Harker, President and Chief Executive Officer of the Philadelphia Federal Reserve Bank, because its title was: Fintech, AI, and the Changing Financial Landscape The speech is broad, and focuses upon the risks of artificial intelligence (AI) and machine learning (ML) to the financial…

I stumbled across this clip the other day of Jeff Bezos on The Tonight Show twenty-five years ago. Jay Leno asks him how the company can be worth billions when it consistently makes losses. Jeff Bezos laughs along but then says: “we are a famously unprofitable company, but we are investing in the future”. We…

It’s fascinating how things change. Donald Trump is President-Elect and bitcoin’s price soars to over $80,000. Quite predictable as he will be the crypto-President, as mentioned in July,  but maybe a forecast of a bitcoin price of $100,000+ by year-end is not so outrageous after all. Then, what intrigued me, is two stories. The first…

Last week, McKinsey released their latest podcast and the title caught my eye: Transforming to an AI-powered finance function It’s a really interesting chat between OpenAI CFO Sarah Friar and McKinsey senior partner Lareina Yee on the podcast At the Edge. Listening to it (and there’s also a transcript), here are a few highlights of Sarah’s thoughts,…