There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If……

We often talk about technical debt – the cost of maintaining and updating old systems to keep them operational. In most banks, this is 60% to 80% or more of annual IT budgets; in fintechs it’s less, because they have less history, but even here it is often 30% to 50% of costs. The reason?……

Things we’re reading today include … What went wrong between Cryptocurrency influencer Tiffany Fong and Elon Musk after Musk ‘proposed’ her to be mother of his baby Bank of England highlights risks of AI, but keeps being ‘reactive’ BBVA backs UK fintech Plum with £15m in first UK financing deal Singapore Tightens Liquidity Rules For……

Another highly valued startup has just been added to the mix in the ongoing legal drama between Rippling and Deel: U.K. fintech giant Revolut. In his blockbuster affidavit that reads like it’s straight out of a movie, Irish Rippling employee Keith O’Brien claimed that Deel paid him about $6,000 a month to spy on Rippling.…

“We are in a period of what I’ll call fintech maximalism,” says Chemistry founder and GP Mark Goldberg. “By that, I mean the companies that grew up in the last five to 10 years in fintech, those that quietly executed through the winter of the 2021 to 2024 period, have emerged as compounders in a…

Ryan Breslow is officially back. While the founder of one-click checkout company Bolt re-assumed its helm as CEO in March, Breslow is unveiling Wednesday a new “superapp” that he hopes will formally mark his return as the fintech’s leader. He describes the new product as “one-click crypto and everyday payments” in a single platform, in…

There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If……

There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If……

There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If……

There is a regular conversation about the 1% versus the 99%, so I tried to track down: who are the 1%? The numbers surprised me. According to the 2024 Global Wealth Report, the global millionaire count has soared, reaching approximately 58 million. I thought it would be more like 100 million millionaires (and probably is in reality). If……