Fintech Insider Podcast by 11:FS

1003. News: SWIFT embraces blockchain, JP Morgan ditches Nutmeg and what do digital IDs mean for fintech?

10 snips
Oct 7, 2025
Guest
Sam Alarco
Guest
Samantha Emery
Guest
Stephen Richardson
In this discussion, Stephen Richardson, Chief Strategy Officer at Fireblocks, Samantha Emery, a financial services executive, and Sam Alarco, CTO of Paygentic, dive into SWIFT's major blockchain overhaul and its implications for banking. They also explore the UK's digital ID mandate and its effects on fintech innovation. Alarco unveils Paygentic's AI-driven payment infrastructure, while the team debates JPMorgan's decision to rebrand Nutmeg and the rising costs of concert tickets. Tune in for insights on the future of payments!
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INSIGHT

SWIFT Embraces Blockchain For Cross‑Border Rail

  • SWIFT and 30+ banks are building a blockchain shared ledger to modernize cross-border payments and support stablecoins, tokenized deposits and CBDCs.
  • The plan uses smart contracts for programmability but its success depends on whether the network is open and inclusive to fintechs and wallet providers.
INSIGHT

Timing Matters More Than Being First

  • Regulatory acceptance and matured policymaker views have made a blockchain upgrade for cross-border rails more likely to succeed now than earlier attempts.
  • Swift's timing may let it overtake earlier, less mature initiatives by entering when technology and policy align.
INSIGHT

Architecture Decides Winners And Risks

  • Security and smart contract attack surface increase as rails support more asset classes and participants, creating new operational risk vectors.
  • The architecture choice (open vs member-only) will determine who benefits and who bears security complexity.
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