Cambridge, the western corridor along the M4 motorway and London have long been the major clusters of technology and FinTech companies in the UK can be found. That concentration is diluting outwards across the country, as our friends at Finextra report: The UK’s fintech scene has become much less London-centric over the last couple of […]
If mainstream finance doesn’t hurry up with its attempts to integrate with the alternative sector, it will soon be overtaken by the digital challengers. Our friends at Finextra report the latest research: More than half of millennials are happy to switch to, or have already switched, to a digital-only bank; reveals the latest data from […]
As previously reported in this News section, central bank digital currencies are at the cutting edge of the struggle between the old system, of money and value exchange and the new. Our view was, and remains: “While CBDCs may be digital currencies… they are not cryptocurrencies. Cryptos have a money supply and validation run by […]
It’s long been possible to buy train tickets from machines on Swiss train stations. The latest step to bring cryptos into the mainstream in this country – which is in the vanguard of the race to normalise cryptos – is reported by our friends at Finextra: After six months of testing with a selected group […]
Well, at the risk of repeating ourselves… today sees yet more news of the rise of cryptocurrencies, as reported by our friends at Finextra. Here’s an excerpt: New research from the UK’s Financial Conduct Authority has found that excitement about the rising valuations attached to cryptocurrencies has firmly penetrated the retail consumer market. Overall, public […]
As we’ve been saying – to the point of needless repetition – the cryptos are coming. One of the more interesting stories in a raft of news is reported by our friends at Finextra: Change, a cryptocurrency investing platform for retail investors, has closed a €3.7 million crowdfund from 50 private investors at a €175 […]
The scramble to promote – and to develop in the financial community – awareness of digital money continues. Our friends at Finextra report on the latest move from the Bank for International Settlements, which has opened its third innovation hub in London. Established in 2019 to support exploratory work into new frontiers in financial technology, […]
Regular readers will be aware of this item, a regular in our News section. There’s a very strange kind of beauty contest going on amongst the world’s central bankers. The competition is on to produce a widely accepted digital currency. A central bank digital currency (CBDC) will not of course be a true cryptocurrency, as […]
Today, more on the overarching theme of this year’s News coverage – the irresistible advance of cryptocurrencies into mainstream finance. Our friends at Finextra report the latest from the UK’s leading challenger bank, Revolut: Revolut is to allow customers to transfer their bitcoin holdings to wallets outside the superapp’s ecosystem, addressing a long-standing gripe about […]
Where will the next financial crisis originate? Note, we think it’s a question of “where” (and “when”), not “if”. Our friends at Finextra offer some intelligent speculation: Responding to the recent hack of IT company SolarWinds, the New York State Department of Financial Services says that the next big financial crisis could come from a […]