  Patisserie Valerie auditor Grant Thornton sued for £ 200 million In January 2019 Patisserie Valerie a chain of nearly 200 upmarket coffee and cake shops spectacularly collapsed. This was allegedly caused by fraudulent accounting within the company and has resulted in some criminal charges against company executives. The interest thing is that the ... Read more ›
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Here is our pick of the 3 most important XBRL news stories from the last week. 1 180 XBRL projects around the world Today, XBRL International reports that there are 180 XBRL projects around the world. (Here is an Excel spreadsheet with the projects.) Those 180 XBRL projects are in 60 different countries, The Netherlands has ... Read more ›
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 In earlier posts, I wrote of the ecosystem opportunity in insurance with references to embedded insurance. A tangible strategy in vogue for capitalizing on such opportunities is through an insurance-as-a-service approach. This follows closely what fintechs have achieved in the banking-as-a-service (BaaS) space. To better understand the insurance context, I illustrate few banking trendsetters ... Read more ›
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Beyond the hope and hype.  Here is our pick of the 3 most important Stablecoin news stories during the week.  This week we calm down after the festive season party and face up to the inevitable hangover. As in a sober analysis of how we would build a Digital Asset infrastructure that is as ... Read more ›
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Prepaid debit cards are very different from credit cards and traditional bank accounts, as we explained in Part 1. These simple but profound changes have a big impact on all 6 players in this ecosystem: Consumers. You and me and 7 billion other souls on this planet. We do not pay the payment fees but ... Read more ›
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The last 25 days have been breathtaking for bitcoin and the entire crypto market. Less than a month ago, bitcoin crossed $20k, then 10 days later, it crossed $25k and then, with without breaking its stride, it crossed $30k.The bitcoin boom has gone into overdrive this week. A few days ago, bitcoin’s price has crossed $40k. In ... Read more ›
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Happy New Year. This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. To continue receiving This Week in Fintech, you can either become a paying Member for $143 per year (and receive all our content in addition to this weekly summary) by clicking here. If you ... Read more ›
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 First UK Farmers Bank in 100 years set to open Oxbury Bank, (bucolic name  isn’t it?) will shortly be opening its doors for business after a £ 15 million injection from Wheatsheaf Group, part of the Duke of Westminster’s not inconsiderable portfolio. The outfit has been formed by CEO James Farrar who amongst other ... Read more ›
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Here is our pick of the 3 most important XBRL news stories from between the years. 1 The End of Accounting? Sustaining Financial Reporting The explanatory power of the financial information reported to investors for market valuation has plummeted in recent decades. That by itself may not quite constitute the “End of Accounting” as Baruch ... Read more ›
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In recent updates from BIS studies, 80% of surveyed banks were progressing with Central Banking Digital Currencies (CBDC) and almost 40% had started developing proof of concepts. During World Economic Forum’s 2020 event, a similarly high number of countries announced they were underway with research or CBDC was prominently on the radar. Last month, ZhongAn ... Read more ›
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It’s not just the mighty US Dollar.  Here is our pick of the 3 most important Stablecoin news stories during the week. There is a big debate in the Crypto world about should we just have one coin (Maximalist) or should we have many. Typically BTC people side on the Maximalist side and deride the ... Read more ›
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Q. What is a mobile wallet? A. It’s a prepaid debit card with glass not plastic. Q. What is a low cost bank account and payment system? A. It’s a prepaid account with both plastic and glass form factors for payment. The logic of this has been known for a while. Prepaid accounts are technically ... Read more ›
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It’s fair to say that 2020 was a banner year for bitcoin and the entire cryptocurrency market. The coronavirus pandemic swept across the world, disrupting our lives in different areas and in many cases changing things permanently. Economies and markets were jolted, while bitcoin surged to new record highs. The growth and maturation of this ... Read more ›
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Daily Fintech is about the business of money, so for some light relief on New Year’s Day here are my top 11 songs about money. Note: when I compiled this all these videos were available, now many are not. copyright is a complex subject.  The Romantic view:  A slightly more jaded romantic view:  ... Read more ›
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Happy New Year. I had not planned a post today but this news is important. In case you missed it, a young entrepreneur called @jackmallers appeared on mainstream TV to talk about a revolutionary new bank based on Bitcoin. No, I do NOT watch Fox News – not my tribe, despite my age. I got ... Read more ›
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It’s in rare lifetimes that people, businesses and economies get to witness a year like the one that ends today. Part pandemonium, part perturbing, the pandemic swooped over many in its wake and brought umpteen enterprises to a grinding halt. But, resilience triumphed and as businesses swung back, many found new opportunities to surge ahead. ... Read more ›
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Originally posted 25 May 2019. Reposted during holidays to give our experts a break.  TLDR. When Vitalik Buterin and Balaji Srinavasan were asked whether certain trends were either underrated or overrated, they both said that StableCoins were underrated. This post is my explanation of why I think they are right. Yet we have already ... Read more ›
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2020 is nearly over; it is time to celebrate and look forward. In this case I am starting by looking back on the history of Fintech from 2008 to 2020 and then looking forward to next year and the distant future of 2024. The 2008/9 start date is obvious as it was when the Global ... Read more ›
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The post below was originally published on 16 Mar 2015. As we close out 2020, this post is to thank Efi for her always insightful, well written posts about Wealthtech over more than 5 years because from 2021 onwards Efi joins the Daily Fintech alumni. To her legion of fans, my advice is to go […] The post Efi Pylarinou joins the Daily Fintech alumni appeared first on Daily Fintech. Read more ›
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Originally published 5 October 2020, reposted during holiday time to give our experts a break While cryptocurrencies have picked up a lot of steam, there are serious obstacles in the road ahead. Security remains an ongoing problem. Since 2011, hacks and thefts of digital assets have resulted in at least $9.8 billion in losses. From ... Read more ›
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