Notes for discussion: When I understood that The People’s Bank of China (PBOC) CBDC (Central Bank Digital Currency) launch is not as revolutionary as it sounds because it copies almost entirely from the confidence established in the Uruguayan pilot project run in 2017-2018, I was somewhat relieved. I had not realised the extent to which […]
I had the chance to sit down with Ping An Bank’s chairman Xie Yonglin who shared with me what I thought was one of the world’s most authentic ambitions to become a leading technology centric financial services player that brings together traditional banking with insurance, brokerage, payments and related services. I also explored his own […]
I further developed two very important points for me on the future that finance should be aspiring to from attending the RISE Technology Conference 2019 meant for startups in the digital economy. The conference featured everything from Spotify (personalising music), GIPHY (“Google searches account for only 1% of all words, so we create visuals for words”), Stock X (“monetising […]
The following are my assessments of the formative next steps in the evolution of Facebook’s Libra: I do believe that the US Congress will eventually approve legislation to promote the proliferation of digital currency, particularly the Libra variety which is a “stable coin” (meaning it finds its value against a real indicator, like fiat currency […]
A chat with Jimmy Wales, founder of Wikipedia, on the eve of our own Future of Finance Summit 2019. My questions were designed to get Jimmy to discuss how traditional institutions will survive in the shared economy, given that Wikipedia was essentially an effort by a world full of volunteers. He brilliantly outlined the rules […]
The most important characteristic of Bermuda that hit me during a recent visit was not the fact that it is a “financial center” (a booking center for the reinsurance industry), but the fact that it was an “island” in every sense of the word, and configured socially and politically to make the most of the […]
@Apple’s new credit card is just an incremental change that simply reinforces the dominance of banks in the digital finance space. Behind the Apple digital card is Goldman Sachs Retail. Behind that is MasterCard, and later Visa. Behind those are the other banks on the acceptance side of the transaction. So it prolongs the lifespan […]
Emmanuel Daniel was impressed there was more than meets the eye about Bermuda as it prioritizes sustainability over economic growth even as it pursues its future as a financial custodian in the digital world.