18 Jul5 lessons from Citibank’s recent $7 million fine for reporting errors. 

That sort of money is a big deal for ordinary folk, it is even enough to pay 20 people at Goldman Sachs for a year and while it may not be a lot for Citi, which has a rap sheet as long as a career criminal’s in Essex, if you are the the Bankers’ Plumber […]

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30 Jun3 big operational gains from Blockchain?

Hey! The Canadians are out in front. Not the one at the helm at the Bank of England doing his best to steady the good ship Sterling post the Brexit vote, but their Central Bank, which is working with R3Cev to put CAD on the Blockchain. Or to be precise to allow for CAD to […]

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13 Jun3 great things for Financial Services if we had Central Bank Digital Currency (CBDC) on Blockchain

I was thrilled to learn of the progress that Peter Randall and the team at SETL  have made with a working Blockchain-based platform for securities settlement. I had the good fortune to see an early prototype; it impressed me then and has obviously moved on. Peter was one of the prime movers behind the success […]

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30 MayA Blockchain thought for Mark Carney ahead of his Mansion House speech.

$2B a year in cost. That is how much I think our industry is carrying in avoidable costs (cf. last week’s post). But who cares? Certainly the regulators don’t really care if the banks have extra costs, but they should be careful what they wish for, or avoid doing. Credit is the oil that makes […]

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22 MayThe Advanced Class on Intraday Liquidity; another $2B in savings and Blockchain potential

This week there is twice as much at stake as there was in last week’s post; $2B vs. just $1B. Every year. The focus for this post is on the external; why is it so expensive for our industry to support the daily process payments processes which make the wheels go round every day? What […]

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17 Apr3 thoughts about how the three tiers of a Blockchain ecosystem will interact

This week’s post takes a look at how the network and applications layers of a three tiered Blockchain ecosystem might interact. For more on the three tier view of life, see the last post. In all the experimenting that is being done, there is a risk of RTW, re-inventing the wheel and FTLFH, failing to […]

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05 Apr3 things I have learned this week about what the Blockchain Ecosystem Look Like.

Fundamentals. How often we use that term in our industry. My thoughts for this post were headed in the direction of how trading, settlement and payment would need to be structured in a Blockchain world. Those ideas were derailed as I realised how important three recent communications on matters Blockchain were. There is a lot […]

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08 Feb5 things learned about FinTech and Blockchain last week

Hype. There is plenty of it around Blockchain. Nothing I do, or say, will make it go away, but perhaps I can help drive a realistic perspective on. These five lessons are the result of some conversations in London last week and some research. I hope they help others’ understanding of the shifting sands. If […]

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12 Jan3 Blockchain Thoughts for 2016

The year is off and running. Blockchain and the potential for massive back-office savings is at the front of both mind and mouth. I offer the thoughts here with no desire “to be right”. Rather, I am suggesting that these are the areas  in the FS industry which need  focus and understanding. Without this, progress […]

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30 Nov3 letters that are the root of all evil: the SSI and a bit of Blockchain

Reference data is either the root of all evil or the fountain of all good. My experience is that this is an 80:20 in the devil’s favour. Standing Settlement Instructions, SSI’s, are the subject of this week’s thoughts with inspiration coming from actual market experience where things really did not go according to plan. With […]

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