Our main stories of this week includes …
The future of banking, money and finance [Presentation]
I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour …
Should we stay or should we go? [#Brexit]
I chaired a really interesting debate yesterday between MP John Redwood and former MEP Baroness Sharon Bowles at the Association of UK Payments Institutions conference. The discussion was should we stay or should we go, or the Brexit if you prefer. John Redwood has spent …
Who said Fintech is dead? Q1 sees $5.7bn invested
I was just sent a press pre-release copy of The Pulse of Fintech, the quarterly global report on Fintech VC trends published jointly by KPMG International and CB Insights. The findings are quite interesting this quarter and show that, after a significant pullback in funding …
The inhumanity of humans and the importance of identity
We had an all-day meeting on Friday about Digital Identity at the United Nations. There are almost two billion people born with no identity. There is no record of their birth. There is no proof of their existence. As a result, these people can disappear …
The impossible dream: a digital identity for everyone
We heard the stories that set the context of the debate about identities and one specific comment stood out for me: Human traffickers first action is to destroy their victims identification papers = let’s get rid of paper identities #ID2020 @UN — Chris Skinner (@Chris_Skinner) …
Social KYC: far easier than passports and utility bills
I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process. It’s an interesting idea I thought I’d share here but, before I …
This week’s major headlines include …
Challenger banks accuse watchdog of naivety over big four dominance - Guardian
Bosses of smaller banks tell CMA in open letter that its investigation of sector did not address stranglehold of big institutions Britain’s challenger banks have accused the competition watchdog of being “frankly naive” and of failing to create a level playing field in an industry dominated by the big four.
Clydesdale Bank targets young, cool customers, as Nationwide goes for the old and rich - The Telegraph
Banks dump small businesses, charities and fintech firms to save on red tape costs - The Telegraph
Lawsuit accusing 16 big banks of Libor manipulation reinstated by US court - Guardian
Judge warns case could ‘bankrupt 16 of the world’s most important financial institutions’ including Barclays, Bank of America, Deutsche Bank, HSBC and UBS A US appeals court on Monday reinstated a civil lawsuit accusing 16 major banks of conspiring to manipulate the Libor benchmark interest rate. The ruling, which overturns
Investors want to quit the EU - and they really don't care what Obama says about Brexit - The Telegraph
Will contactless cards make us fat? - BBC
Will paying with contactless cards make us fat?
The European Union and the euro: this is a marriage made in hell - The Telegraph
Peer-to-peer lenders will never challenge the banks, says Deloitte - The Telegraph
It's not over yet for the cheque - BBC
More than 500m cheques were written in 2015, confounding expectations that the payment method is disappearing, according to Payments UK.
Saudi financial crisis 'could leave oil at $25’ as contractors face being paid in IOUs - The Telegraph
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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...
