We’ve moved from simplicity to fragmentation and now we’re struggling with the consequences. In short, we’ve built a highly fragmented financial world in the name of innovation and now the next phase is about reconnecting it, simplifying it, and making it usable again. By way of example, you have to launch several different apps to……

Tech companies are constantly on the hunt for new customers, and Cash App, the fintech company owned by Jack Dorsey’s Block, believes it has found a promising new demographic: children. The company, which already offers financial services to teens, said this week that it is expanding its youth-focused services in an effort to build a…

Things we’re reading today include … ECB publishes Eurosystem response to the EU Commission’s targeted consultation on the competitiveness of the EU banking sector Danske Bank leaks customer address details to outside payment recipients Why Bank And Crypto Studies Disagree Sharply On Stablecoin Yield Risks Bank of England updates bank failure playbook after US nod……

The FCA, Financial Conduct Authority, just issued their roadmap for the next decade in terms of open finance. The aim is to move to an open and inclusive AI-driven financial world. Here is a summary: Open finance is essentially the next step after open banking by taking secure data sharing beyond payments into everything from……

I’ve just read the regulatory roadmap that the UK’s Financial Conduct Authority released this week and realised that it is less a neat plan and more a recognition that the current system is broken and we’ve run out of road with Open Banking. For the past decade, Open Banking has been the poster child of……

Things we’re reading today include … Industry Tender Explained: The Real Fintech Scandals Crypto Market Update: Goldman Sachs Files for Bitcoin ETF Big energy shock will push up prices, Bank of England boss tells BBC Big US banks rake in near $50bn profit as Iran war shakes markets Largest US banks spend record $33bn on……

I just had an interesting podcast conversation about stablecoins, Central Bank Digital Currencies (CBDCs) and tokenised deposits. Most people in finance think they understand the differences, but it’s worth pausing for a moment, because the distinctions really matter. At a very simple level: stablecoins are privately issued digital tokens (think USDC or Tether) backed by……

This week’s main discussions include … Did the regulator just admit that banking is a mess? I’ve just read the regulatory roadmap that the UK’s Financial Conduct Authority released this week and realised that it is less a neat plan and more a recognition that the current system is broken and we’ve run out of……

A chat with Wio Bank, a fully digital, platform-based bank – I recently had a nudge to talk to Wio Bank, who claim to be the Middle East’s first fully digital, platform-based bank launched in Abu Dhabi in 2022 (not sure about this as there are over 20 neobanks operating in the Middle East). Backed……

Things we’re reading today include … OpenAI buys personal finance fintech Hiro Bank of England and FCA commit to action on AI following warnings from MPs – Committees – UK Parliament Latest AI models could threaten world banking system, financial officials warn Our latest views on the major central banks | ING Bank robbers hold……