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 must be music to fintech’s ears, Kalifa has proposed developing and adopting common data standards, meaning that incumbent banks’ slow legacy systems just simply won’t be enough to get by anymore. Kalifa has also suggested prioritising Smart Data, with a specific focus on …
The bitcoin-led assault on mainstream finance continues. This set of prognostication comes from our friends at Crowdfundinsider. This is piece, partially featured already in our News section, is one we roundly endorse. Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) are being increasingly adopted by a diverse group of users across the globe. Many more institutions and fairly large publicly listed companies like MacroStrategy Incorporated entered the crypto space in 2020, which was marked by great socio-economic uncertainty due to the COVID-19 outbreak. The digital …