Irresistible forces and immovable objects have a fair bit of history. Inevitably, the irresistible force ends up the winner. In FinTech, cryptos are the coming thing. And nothing, it seems, can stop them. The UK’s top financial watchdog, the Financial Conduct Authority (FCA), is reduced to little more than whining in this report from our […]
It seems that things have moved on, in a positive way, from the publication of the Kalifa Review early last year. We reported here on Kalifa’s findings at the time. Now the strength of the UK FinTech offering is widening its powerbase from London to other parts of the UK. Our friends at Altfi report […]
In Japan, it’s been possible to have monthly salaries partially paid in Bitcoin since well before the cryptocurrency’s first big price spike at the $20,000 level in December 2017. As regular visitors to this News site will know, we see cryptos as a key component of the financial future. But the new, new thing is […]
Cryptos are making their way onto our screens and into our wallets… Our friends at Altfi report two developments. The first is an infrastructure fund, which does not invest directly into cryptos but in the companies that service the industry (exchanges and the like). The second is a more sophisticated play directly into Bitcoin and […]
As we indicated last week in this News section, a series of new loans are in the pipeline ahead of the end of the tax year. The April deadline sees the expiry of the £20,000 Individual Savings Account limit for the year. Remarkably, some of our lenders have money sitting on their accounts without allocating […]
The news is out. As regular visitors to this News site will be aware, Money&Co. is planning to apply for a banking licence. Our friends at Financial News carry this report: Nicola Horlick, the fund manager once dubbed the City “Superwoman”, plans to raise around £50m as part of a banking licence application she claims […]
The Individual Savings Account (ISA) allows individuals to save as much as £20,000 per annum into cash deposits, shares or peer-to-peer (P2P) loans – and take the benefits of their investments tax-free. The deadline for investing is the end of the tax year, on 5th April, and we are now entering what’s known as the […]
Regular visitors to this News site will be aware of our early embrace of cryptocurrencies and digital tokens as the future of money. We still adhere to that point of view – especially the crypto aspect. Cryptocurrencies are governed by an independent algorithms, as opposed to digital tokens, where a company or central bank governs […]
The digital revolution and the opening up of the baking market to “challenger” banks is one of the major financial trends. But it can be overdone – as a cautionary tale from the US, reported by our friends at Altfi, illustrates. The business of handling open banking data can be a messy one, as demonstrated […]
The recent report from the Economic Affairs Committee of the House of Lords is a classic case of heads in the sand – or wherever the sun doesn’t shine. The members of the committee are on the whole clever people with strong backgrounds in finance and its academic study. They seem to be committed to […]