FinTech for Breakfast (40): A monthly briefing on developments in technology-driven financial services.

Held on Wednesday, April 24, 2019


  • Jemima Kelly (FT Alphaville)

  • Winston Yong (IBM)

  • Dom Hallas (Coadec)



I cannot pretend to be absolutely up to speed on FinTech developments – after all, that is why we started FT4B three years ago: to provide a tour d’horizon of what you really need to know, what you might have missed and what you need to watch out for. But I do note that, over the last month or so, the “anti-tech” backlash has continued, with the EU sneaking its Copyright Bill through under cover of Brexit. The result, I guess, could easily be a “European internet” cut off from the US.

I also note (just skimming some of the more obvious stories):

  • the Monzo/Oaknorth partnership, to give Monzo access to a high-interest savings account;

  • Goldman Sachs and Apple’s plan for a credit card (via Mastercard, so I don’t know how radical that is);

  • the FCA’s forthcoming report on P2P marketing claims;

  • the OneSavingsBank/Charter merger;

  • a hefty FT Money piece, asserting that “millennials shun traditional IFAs for apps and robots” – which sounds a bit like wishful thinking to me; and

  • the latest surge in Bitcoin’s price, putting it back over $5k.

And so on. My colleague, Leighton Hughes, will pull together the agenda ahead of the next FT4B meeting – but, as always, we will depend on Jemima Kelly for steering the discussion. As you know Jemima is FT Alphaville’s FinTech guru, and all-round ace reporter. But just in case she misses anything, we have two other powerful panel members:

  • Winston Yong is an ‘executive architect’ in IBM’s global business services practice, leading (in particular) on DLT. Although he is a CFA, his interests go beyond finance into automative and consumer goods where tech really is forcing change.

  • Dom Hallas is the executive director at the Coalition for a Digital Economy (Coadec) – which he joined in January 2018 after a year at DExEU. Before, he worled on innovation strategies at Bloomberg Philanthropies, and in the more distant past for Greg Mulholland MP.

There is a lot to cover – and I am sure y’all have your own views. If you (or a colleague) would like to join our group please let us know by emailing, or by calling the Centre on 0207 621 1056. As usual, thanks to the generosity of our hosts at Dentons, there will be lots of coffee, tea and buns.

Many thanks,

Andrew Hilton