The main blog headlines are …
We just haven’t got a clue what to do!
I was talking with a CXO of a bank. They are actively engaged in ‘going digital’, but she was sharing with me that the bank’s executive team had no idea what going digital means. Being brutally honest, she told me she had no idea what …
The diversity of financial technologies
I was listening to questions at a meeting this week where one of the audience asked if I needed to adjust what I say on my travels, to suit the culture of different countries. I thought about it for a second, and realised that I …
The diversity of financial markets
Talking of diversity of views and strange conversations, I was in discussion with an American bank the other day and they asked me if Europe would survive this crisis. I thought they meant Brexit, and started waffling on about whiff-whaff and Boris Johnston but no, …
The real reason for a regulatory sandbox … avoiding death and mayhem
I just spoke at Russia’s Eastern Economic Forum, a Davos for the Russian world and beyond. Hosted by Vladimir Putin there were stellar guests attending including Prime Minister Narendra Modi of India and Prime Minister Shinzo Abe of Japan, as well as other world leaders …
Ripple offer SWIFT an olive branch
Almost every day, there is an announcement of a new payments innovation. From the success of the likes of Klarna, Stripe and Square in retail payments to the growth of new payment mechanisms like Ripple and JPMorgan’s internal settlement engine, the JPM Coin and the …
And the top news headlines this week are …
A new digital bank is scooping up teenage customers before big banks get to them - Quartz
America’s biggest banks are used by hundreds of millions of people. A digital startup bank is hoping to challenge these incumbents by scooping up the next generation of customers before the titans can get to them.
British bankers on trial in Germany charged with €447m fraud - The Guardian
UK pair accused of defrauding German state through ‘cum-ex’ share trading scheme Two British investment bankers have gone on trial in Bonn in what German media have called “the biggest financial fraud trial” in the country’s postwar history. The two British citizens, Martin Shields, 41, and Nicholas Diable, 38, are
Banks and shops roll out new anti-fraud measures - BBC
Banks increasingly require shoppers to provide an extra form of verification when they buy online.
No-deal recession less severe now, says central bank boss - BBC
Preparations made since the central bank's last estimate has softened its worst-case scenario.
Money launderer who claimed he had won lottery 123 times forced to pay back £470,000 - The Telegraph
HSBC's £35bn mortgage push is good for borrowers, but it's risky - Guardian
Buyers should grab deals while they can – but the bank could lose out in a precarious UK market HSBC has been the bank that has prospered most from globalisation. Hong Kong has been its gateway to an emerging China, its UK domicile has provided regulatory and legal respectability, and
Why John Lewis shoppers could see more card payment checks - BBC
Banks increasingly require shoppers to provide an extra form of verification when they buy online.
Millennials most likely to fall prey to bank fraud, Lloyds reveals - The Guardian
New figures also show over-55s lose the most money per scam on average Millennials are falling victim to scams involving handing money to fraudsters more than any other age group, according to Lloyds Bank. New data shows that victims aged 18 to 34 are losing an average of £2,630 to
Bank of Mum and Dad ‘tenth biggest mortgage lender’ - Financial Times
Parents lend or gift their children £24,000 on average for property purchases
UK fintech Ipagoo bought out of administration - Financial Times
Anglo-Dutch investment group agrees to buy company after customer accounts frozen
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
