Humane Economics & The #CovidSpring Ep 6 - Fintech Tackling the Poverty Trap with Fairer Finance Hackathon Winners Finexos
Release Date: 12/15/2020
S4 Ep. 4 - A Commissioner for Digital Money, A New Institution: Digital Pound Interview with Danny Kruger MP of Parliament's Treasury Select Committee
Frontier Tech Radio
At the close of the Bank of England's consultation on the Digital Pound Barry interviews Danny Kruger MP, of the UK Parliament's Treasury Select Committee, who oversee the project, discussed the deep implications of central bank digital currencies (CBDCs) on financial stability and liberty. While Danny expressed concerns about the potential negative effects, he acknowledged that he and his colleagues on the Treasury Select Committee were not experts on the topic and that there was a general perception that CBDCs were a natural evolution of the digital revolution. Barry and Danny discussed the...
info_outline
S4 Ep. 3 - Interview with Jasmine Birtles on d£ and CBDCs
Frontier Tech Radio
Summary Jasmine and Barry discussed the Bank of England's consultation on creating a digital pound. Jasmine expressed her concerns about central bank digital currencies, stating that they allow for too much control and monitoring by the government. Barry and Jasmine discussed the differences between cryptocurrencies and central bank digital currencies, with Jasmine expressing concerns about the centralized nature of CBDCs and the potential for government control over people's finances. They also talked about the impact of taxation on small businesses and the extractive nature of the economy....
info_outline
S4 Ep. 2 - Central Banks, CBDCs and the rise and rise of DeFi
Frontier Tech Radio
Barry talks to David Palmer, Blockchain Lead at Vodaphone & Jamiel Sheikh, Founder & CEO of Chainhaus - leading advisory, education, events & app studio about the rapid rise of DeFi and the advent of 'Central Bank Digital Currencies' in the week that the Bank of England announced its digital Pound project - closely following the digital Euro.
info_outline
S4 Ep. 1 - DeFi and 3D Democracy - The future landscape
Frontier Tech Radio
In this fascinating conversation with David Palmer, a visionary, who is also the blockchain lead for Vodafone, we range widely across digital transformation, including the fact that we're all increasingly cyborgs living in a digital, as well as physical environment.
info_outline
Humane Economics & The #CovidSpring Ep 6 - Fintech Tackling the Poverty Trap with Fairer Finance Hackathon Winners Finexos
Frontier Tech Radio
Fintech Tackling the Poverty Trap with Finexos' CEO/Founder Mark Fisher and Chair Steven Bone.
info_outline
Humane Economics & The #CovidSpring Ep 5 - Why There’s Still No End to Increasing Poverty & ‘Runaway Inequality’ and What We Can Do About it
Frontier Tech Radio
An interview with Les Leopold, author of ‘Runaway Inequality’ for the #CovidSpring series
info_outline
Humane Economics & The #CovidSpring Ep 4 - From Patients to Occupants: Turning the Health Service on Its Head
Frontier Tech Radio
In this episode we will be talking to another big-thinker: Andy Wilkins, founder of Vision4Health about the future of health and health services post Covid.
info_outline
Humane Economics & The #CovidSpring Ep 3 - This Time It Must Be Different
Frontier Tech Radio
Professor Ronald MacDonald is a Research Professor in Macroeconomics and International Finance in the Adam Smith Business School at the University of Glasgow. His previous positions at the University were Bonar Macfie Chair of Economics (2005-2006), and the Adam Smith Chair of Political Economy (2006-2015). He has consistently ranked in the top 1% of the IDEAS/RePec ranking of economists, and was awarded an OBE in 2015 for services to Economic Policy.
info_outline
Humane Economics & The #CovidSpring Ep 2 - Predatory Capitalism in Action
Frontier Tech Radio
Barry speaks with Rachel Neale from UK Mortgage Prisoners.
info_outline
Humane Economics & The #CovidSpring Ep 1 - An Introduction to Humane Economics & The #CovidSpring
Frontier Tech Radio
Welcome to the #CovidSpring series in which we look through the Covid winter, which we are now enduring, to the coming spring beyond the crisis and harness some of the world's finest minds to together think about what kind of world we want to create. What kind of world we want and need - in search of humane economics.
info_outlineSo, today we interview. Finexos, the winners of the fair finance hackathon about their solution to the mountain of stress and distress already at a peak before the pandemic and the mental health crisis it is driving. And what can be done.
President of the Royal College of Psychiatrists Dr Adrian James has predicted: "there is going to be a big surge – we refer to it as a tsunami – of mental illness as a result of the pandemic".
Meanwhile according to the FCA 26 million people in the UK showing signs of difficulty in terms of their finances - via an an analysis of bank accounts.
"So this is a massive problem. There's £450 billion of unsecured debt out there, where individuals in the UK are reliant on high interest revolving credit, just to meet day to day finances. So our challenge is to disrupt that circle of high interest, low disposable income - and so stress on the individual mental health." Says Steven Bone, chair of Finexos.
As he points out this situation fundamentally bad for society - as UK poverty and the poverty trap is growing driving poverty, financial stress and anxiety.
Pre pandemic over 20% of the UK population was in Poverty with 14.9 million consumers now behind on their bills and 5.7 million people in receipt of Universal Credit - many using food banks due to the cost of repaying debt. So our 'safety net' has been so shredded that many have no choice other than the high cost lenders.
We talk about the five years of development to create an innovative fintech platform that can help people not just by ensuring their finances become more controllable and intuitive, but that they have support and better alternatives too. And the new solutions coming in the first half of 2021 - not a moment too soon!
Watch the video interview at https://youtu.be/XTHrpDoGUko
See HumaneEconomics.co for more and to join the linear-conference and network.