Welcome to The Fintech Files, your weekly roundup from FN’s fintech correspondent Yolanda Bobeldijk, keeping you up-to-date with the latest developments in financial tech and innovation.

The end of the hype cycle?
Don’t you love it when people bang on about “the end of a hype cycle”? There are so many things reaching the end of their hype cycle these days: blockchain, AI, regtech. And the latest one seems to be crypto. There have been a raft of stories lately on how the bitcoin bubble has finally burst, and on the similarities between crypto and the dotcom bubble. Fintech and City sources continue to tell me: “Where is the underlying value?” “No-one will touch it now it is still unregulated”. But hang on a minute…