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 […]
Category archives: Digital Technologies
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 […]
Financial Services Bill Amendments: Ethical AI
Today (10 March 2021) is day 6 of committee stage of the Financial Servces Bill in the House of Lords and I am putting forward several amendments dealing with various aspects of digital technology in financial services. Two amendments deal with Artificial Intelligence (AI) – the general principle of ensuring the ethical use of AI […]
A UK DARPA: Innovate the Future.
At a meeting, somewhere recently, with names not to mention and times unspecified, I was fortunate to hear, first hand, as to the UK opportunity for a DARPA style organisation. DARPA is, of course, the US agency that, for sixty years, has existed to ‘make pivotal investments in breakthrough technologies for national security.’ The idea […]
Tax should not be so taxing
Tax, a temporary aberration has proven itself particularly permanent. Of itself, this is neither good, nor bad but we should surely be using every tool at our disposal to make sure our tax system works for the common good. Last week I was pleased to participate in a debate in the House of Lords considering […]
SolarWinds Cyber Attack
Today in the House of Lords the government was questioned on their response to the SolarWinds Cyber attack, first reported in December 2020. In the light of the attack I asked the government to again commit their full support to the UK cyber industry. The attack was one of the largest and most sophisticated cloud […]
The Alchemy of Talent and Technology
Covid is an indiscriminate infector yet discriminating deliverer of death. My heart goes out to all those affected by the virus and to all those souls taken before their time. The crisis has also exposed much which is sub-optimal in our social and economic fabric. Covid, like so much of what currently faces us, is […]
Technology for Essential Services
Yesterday, I was delighted to take part in a short debate on the risks and opportunities involved in the deployment of large scale technology for our essential services. “Would my noble friend the Minister agree that there are huge advantages for citizen and state, local and national government, to be gained through the considered, ethical […]
21st Century Frictionless Trade – Lords debate UK EU Trade Agreement
“My Lords, there exists a need, there exists an opportunity, a pressing need, a potentially transformational opportunity. The need for a border fit for the 21st Century, the opportunity; a digitally enabled, free trade flowing, free trade growing border delivered by the best of our talent deploying the best of our technologies. Artificial Intelligence, Distributed […]