This week’s main blog headlines are …
Banking as usual is NOT an option
I’ve blogged quite a bit about adapting to change lately, and will continue to do so as banking-as-usual (BAU) is not an option. It’s similar to standing in the middle of the road. If you stand there for long enough, you’ll get run over. This …
Future bank products are like jobs for your children
Banks need to make money on new products and services, from things that don’t exist yet, in the same way that children will need to find jobs that don’t exist yet. You may not have seen it, but it is estimated that two-thirds of the …
What does the FCA think about blockchain?
In mid-December 2017, the UK’s Financial Conduct Authority (FCA) published a really interesting 32-page paper on Distributed Ledger Technology (DLT). The timing wasn’t great as most of the City was out getting smashed at Christmas parties, so I thought it best to put it aside …
The driving force behind creating digital identity schemes
I’m often talking about digital identity and struggle with the subject. This is because the meeting of ID2020 I attended at the United Nations 18 months ago, talked about the issues of digital identity and poverty, and how the poorest are the most susceptible to human …
Just before Christmas, I was interviewed by a Turkish magazine about the future, Turkey and fintech. I thought it might interest folks to share it here … When you wrote your first book about fintech – little was known about it. How much has that …
The latest news headlines …
Start-up lender Tandem targets 'massive' growth with Harrods Bank takeover - The Telegraph
America's Best and Worst Banks 2018 - Forbes
It is a good time overall for the banking industry. Earnings are at record levels. Interest rates are creeping up, with the Federal Reserve expected to hike rates at least three times in 2018 (higher rates boost profits as banks make more from lending).
No Brexit exodus from London, Page Group says as it chalks up record profit - The Telegraph
Bankers fear they will get Amazon-ed in tech disruption - Financial Times
Harnessing blockchain will be just one chapter of a dense book at Davos
After 12 years at the helm, two bank CEOs ponder the future - CNBC
Jamie Dimon formally became CEO of J. P. Morgan Chase on Jan. 1, 2006, and Lloyd Blankfein took the reins of Goldman Sachs just six months later. Both executives have successfully steered two of the world's most celebrated financial institutions through the most turbulent decade for banking since the 1930s.
MPs slam Barclays for halting compensation for alleged credit card mis-selling victims - The Telegraph
‘Open banking’: radical shake-up, or a threat to your private data? - The Guardian
Few people have heard of them, but new rules that come into effect next week could change the way we bank This week sees the beginning of a quiet revolution in banking which some have championed as one of the greatest shake-ups in personal finance in years, while others have
Ex-Monitise investor says sale was 'my biggest regret of 2017' - The Telegraph
'Open banking' revolution could lead to scams and pricing rip-offs, experts warn - Telegraph
Consumers taking advantage of an online banking revolution from next week face a heightened risk of bank transfer scams, experts have warned.
McMafia star James Norton moved to ‘ethical’ bank after the drama told how gangsters launder billions through big banks - The Sun
Norton moved his account from American giant CitiBank to “ethical” Netherlands bank Triodos.
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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...
