Three months ago, I wrote a short piece about Revolut but, since then, there has been an extraordinary amount of Revolut news: a banking licence in France; full banking status in Britain; conditional approval for a US national bank; a banking licence in Australia; banking operations in Mexico; expansion into Finland; licences in the UAE;……

Three months ago, I wrote a short piece about Revolut but, since then, there has been an extraordinary amount of Revolut news: a banking licence in France; full banking status in Britain; conditional approval for a US national bank; a banking licence in Australia; banking operations in Mexico; expansion into Finland; licences in the UAE;……

Three months ago, I wrote a short piece about Revolut but, since then, there has been an extraordinary amount of Revolut news: a banking licence in France; full banking status in Britain; conditional approval for a US national bank; a banking licence in Australia; banking operations in Mexico; expansion into Finland; licences in the UAE;……

Three months ago, I wrote a short piece about Revolut but, since then, there has been an extraordinary amount of Revolut news: a banking licence in France; full banking status in Britain; conditional approval for a US national bank; a banking licence in Australia; banking operations in Mexico; expansion into Finland; licences in the UAE;……

Yes. The mistake is believing that the business case for AI is simply replacing people. If a bank employs 100 people costing £10 million and replaces them with AI costing £12 million, then viewed through the traditional cost-reduction spreadsheet AI has failed. Yet that calculation ignores what happens if those AI systems perform ten times……

Things we’re reading today include … Netherlands bank moves billions in gold to London in ‘crisis preparedness’ move FSB Chair’s letter to G20 Finance Ministers and Central Bank Governors: August 2026 European banks and private markets: Mapping the linkages Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move HMRC……

This week’s main blog discussions include … The true cost of AI (Part One) There is a rather awkward conversation beginning in boardrooms about artificial intelligence. For the last few years, the question has been what AI can do, how quickly companies can deploy it and how many people it might replace, but the question……

I came across another interesting piece of proposed American legislation this week: the GRANITE Act. On the surface, it has nothing specifically to do with banking, stablecoins or cryptocurrencies, but put it alongside the GENIUS Act and CLARITY Act and something much bigger starts to emerge. America is building a digital financial fortress. The GENIUS……

Things we’re reading today include … Crypto billionaire pardoned by Trump gives Reform UK another £4m Hargreaves Lansdown opens 9 crypto ETNs to investors A Core Egyptian Bank Gets Caught Up in Treasury’s Iran Crackdown How Mollie & GoCardless are Reshaping SME Payments in Europe What’s gone wrong with Nordic fintech AI-Powered Fintech Compliance and……

Things we’re reading today include … Conflicts Accelerate Cryptocurrency Adoption in the Middle East Hunter Biden Launching $LAPTOP Memecoin Bitcoin hack drains $320 mn from crypto network in latest security breach HSBC and BNP Paribas Trial FX Tokenised Deposit With Swift Inside Italy’s banking M&A boom — and why Wall Street is watching China’s central……