Back Cash and Inclusive Digital Transition

Already in sharp decline, Covid, like Don Maclean’s jester has stolen cash’s crown. ATM withdrawals are down 80% in London and though significant, loss of cash is not and must not be allowed to become a terminal inevitability. I was delighted to write on the role of cash in our communities and how we transition together to […]

Digital ID

Today (20 May 2021) in the House of Lords I asked about the Government’s plans for a distributed digital identification protocol. A distributed digital ID offers incredible potential for reimagining the relationship between citizen and state and delivering significant social and economic benefits. “Lord Holmes of Richmond to ask Her Majesty’s Government what plans they […]

Financial Services Bill Amendments: Digital ID, Open Finance, Digital Infrastructure and Digital Payments.

The Financial Services Bill – still in the House of Lords – has moved from committee stage to report stage – and I am continuing to champion the issues and put forward the amendments that I raised at committee stage. On Monday, 19 April 2021, several of these amendments (regarding open finance, digital infrastructure and […]

Reforming the Computer Misuse Act: time to CyberUp

Cyber security has never been more important than it is today. As digital technology continues to advance apace and COVID-19 has prevented normal in-person interaction, almost everything in our personal and working lives has become digital. The CyberUp campaign highlights the way current legislation inhibits rather than promotes the important work of cyber security. As […]

Financial Services Bill Amendments: Digital ID and Other Digital ‘Infrastructure’

On day 6 (10 March 2021) of the committee stage of the Financial Services Bill in the House of Lords I put forward a large group of amendments under the broad heading of fintech. One important amendment would introduce distributed digital identification (Digital ID) and others would encourage digital operational resilience and the modernisation of […]

Financial Services Bill Amendments: Distributed Ledger Technologies

On day six of committee stage of the Financial Services Bill in the House of Lords I am putting forward several amendments – broadly under the heading of fintech – with two specifically designed to encourage the development of use cases for distributed ledger technologies (DLT). Following our departure from the EU it seems an […]

Financial Services Bill Amendments: Fintech Strategic Review Recommendations

Today (10 March 2021) on day 6 of committee stage of the Financial Services Bill I have tabled amendments that seek to implement recommendations from the Fintech Strategic Review. Ron Kalifa’s review for the government is a fine piece of work, engaging hundreds of experts across FinTech and financial services.  It has excellent chapter heads […]