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CSFI FinTech Review with Jemima Kelly (FT) and Varun Paul (BoE). With support from Banking Circle.

Why you should watch: A FinTech feast… The Bank of England has been working on (at least) four important Fin/Tech initiatives. The CBDC issue is, of course, high-profile, but there is, also, the SME open data plan, the AI Public-Private forum, and – announced most recently – the initiation of a BIS Innovation Hub. There is more, though. Bitcoin ‘bros’, brouhaha, and bluff feature strongly as ever. We also talk about how the JP Morgan acquisition of Nutmeg fits into the Big Bank/neo-bank culture war narrative? What next for Klarna after its dizzying $45.6bn valuation? What of digital identity after Covid? The EU seems confident its all-encompassing passport is nearly there. Is this the right approach? (A tall order either way.)

The passing of Dr Edward de Bono on 9 June has also prompted us to reflect on his prescient work on private currency and digital money in The IBM Dollar, a CSFI paper he provided gratis in March 1994. The link can be found on our publications page on the CSFI website.

Moderator: Leighton Hughes (FinTech lead, CSFI)

Jemima Kelly is a reporter at the FT, where she writes for FT Alphaville. She has recently written about ‘cancel culture’, the Wuhan lab leak theory, and jet-engines. She writes most frequently about blockchain, and FinTech more broadly. She previously worked at Reuters and The Economist.

Varun Paul is head of the FinTech hub at the Bank of England. He has been at The Bank for 13 years in various guises: senior manager on the touchstone Future of Finance report (headed by Huw van Steenis), private secretary to Andy Haldane, and a senior economist. He holds an MSc from UCL, and is a graduate of Cambridge.

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Produced/Edited by Alex Treptow