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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…

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…

So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more. I’ll blog about the bits I can in the next few days, and thought I’d start with an overview of the Financial Conduct Authority’s (FCA) Regulatory Sandbox and Project Innovate. The Regulatory Sandbox was announced at…

We heard the stories that set the context of the debate about identities and one specific comment stood out for me: Human traffickers first action is to destroy their victims identification papers = let’s get rid of paper identities #ID2020 @UN — Chris Skinner (@Chris_Skinner) 20 May 2016 Human traffickers’ first action is to get…

I promise to shut up about African developments after this post, for a while anyway, but there’s a definite feeling that Africa may set the standards for a cheaper, easier financial system in the future, as blogged last week.  In fact, when I was asked about Africa as a continent in Kenya, I said that…

I’m often talking about Victorian visions of the future to illustrate the issue we have today. The Victorian vision of the future was dealing with a number of problems, one of which was horse shit. Manure. Manure was a massive issue.   Victorian Britain had too many horses and carriages on the streets, and the horses…