Ron Kalifa, a non-executive director of the Court of Directors at the Bank of England and the vice-chairman of WorldPay, has produced a long-awaited report on FinTech. The report starts well – with the ever-changing taxonomy of the industry. The simple point is that if we can’t agree standard terms for what FinTech is, we’ll never achieve […]
Ron Kalifa, a non-executive director of the Court of Directors at the Bank of England and the vice-chairman of WorldPay, has produced a long-awaited report on FinTech. Below we offer a snippet of coverage by our friends at AltFi. The executive summary can be found here. The full report can be found here. In a move that […]
The ill wind of Covid is blowing some good in the direction of the high-tech end of the financial services industry. Our friends at Finextra report this in almost exactly these words, as they bring news of a potential IPO at Atom Bank: The UK’s first app-only bank Atom is to raise £40 million from […]
As we’ve pointed out consistently here in Money&Co.’s News and in the Blog section, 2021 is set to be the year of the digital asset, with the Bitcoin price surge leading a massive resurgence of interest in the area. But for many, the idea of engaging with digital currency remains just that – an idea. […]
If the Bank of England’s Monetary Policy Report is right, there’s some £125 billion lying around the back of the UK’s savings sofa. During the pandemic crisis, we’ve stayed in and done little. Those households with income have found themselves with accumulated cash. We reported here on Goldman Sachs’ attempt to get some of that, […]
Just about everyone’s heard of Bitcoin – but relatively few know how to buy and hold it. Hot and cold wallets, forks, and coin exchanges… It’s all a far cry from calling up a financial adviser and placing an order for a mainstream financial product. The process of change, ie of increasing normalisation, does however […]
The mainstream of financial services is struggling to catch up with the business of popularising a world that’s still seen as arcane – even with Bitcoin, which hit a new peak of $50,000 this week – at its centre. Our friends at Finextra report a significant move forward here. The masses will soon be on […]
One of the recurring theme in this News section is the rise if the robots in the world of financial advice. The latest snippet come from Goldman Sachs, whose relaunch of its savings account, Marcus, recently featured here (a relatively attractive rate for a saving accont of 0.5 per cent AER compares to today’s newly […]
More movement in the open-banking sector. The high street and the financial-services sector will look radically different in the summer, when we hope some semblance of normality returns. Our friends at Finextra carry the story. Atom Bank has signed a deal with Plaid to introduce Open Banking and payment initiation services to small business customers. […]
We have asked in these News pages whether the open door to open banking might lead to an empty room. The room is definitely not empty, as the queue to get in lengthens steadily. Our friends at AltFi report the latest: Trade Ledger, an open banking fintech helping banks and alternative lenders make credit decisions, has […]