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The ABC of CBDCs

I’ve been talking quite a bit about CBDCs lately. CBDCs? Central Bank Digital Currencies. Central banks worldwide are looking at digital currencies as a great new future. Instead of letting citizens move to bitcoin or other cryptocurrencies, have ours. Well, that’s the idea anyway. China …

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Things worth reading: 25th November 2020

Things we’re reading today include … Google Cloud is creating a new type of digital banking platform with this lender How Bank of America Helped Fuel California’s Unemployment Meltdown Bank of America Says Access to Merrill Accounts Has Been Restored Indigenous man and granddaughter, 12, …

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Things worth reading: 24th November 2020

Things we’re reading today include … ING & Bank of America: Banks won’t “spring back” to normal after vaccine No-deal Brexit to cost more than Covid, Bank of England governor says Kremlin critic says UK bank account shut because of Russian ‘black PR’ Scotland’s national …

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Embedded or autonomous finance?

I’m doing a bit of research work with various companies, one of whom is Salesforce. It’s interesting, as so many people talk today about embedded finance but Salesforce talk about autonomous finance. What is autonomous finance? Namer Aljazrawi, global head of Strategy & Operations for Financial …

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Things worth reading: 20th November 2020

Things we’re reading today include … IMF: Economy ‘losing momentum’ amid virus second wave The ‘market’ won’t save us from climate disaster. We must rethink our system | Robert S Devine Pension trustees set to block suspect transfers Banking and slavery: Switzerland examines its colonial …

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Things worth reading: 19th November 2020

Things we’re reading today include … Google redesigns Pay app, opens waitlist for bank accounts with Citi Google moves into Venmo and bank territory with checking accounts and updated payment app Chime CEO says the pandemic is driving torrid growth as traditional banking becomes a …

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Things worth reading: 18th November 2020

Things we’re reading today include … NAB closes all bank branches due to ‘physical security threat’ Bank of England: Banks have to adjust to digital currencies Cryptocurrency: Bitcoin hits three-year high as investors jump in Covid crisis changing the structure of UK economy, Bank of …

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Things worth reading: 17th November 2020

Things we’re reading today include … Cheap loans from Bank of England ‘rig the market’, small lenders claim Spanish bank BBVA in merger talks with smaller rival Sabadell Making banking better for billions with next-gen technology Britain decouples from EU with delay to bank and …

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The issue with Deutsche Bank

Is Deutsche Bank a scrambled egg of banking? I’ve talked about Deutsche Bank for some years. Originally with respect but, increasingly, with disdain. Most recently, I’ve used them as an illustration of a struggling bank, worth far less than an innovative start-up like Stripe. The …

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Things worth reading: 16th November 2020

Things we’re reading today include … Did Deutsche Bank Fund Auschwitz, Trump, Jeffrey Epstein, and ISIS? Banks in Europe Face Potential $1.7 Trillion Covid-19 Cliff The Bank of England will not protect banks from digital currencies, says deputy governor Banking giant Goldman Sachs lets in …

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What do customers think?

I don’t usually cover press releases as they bore me, but this one caught my attention: Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report   Groundbreaking report by The Economist Intelligence Unit uses …

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Things worth reading: 13th November 2020

Things we’re reading today include … JPMorgan drops from top of FSB’s list of systemically important banks World’s Safest Banks 2020 New report shows perceptions of challenger and traditional banks Wall Street ‘old boys club’ lets in more women City regulator warns on three Brexit …

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Finding the missing links

When Digital Human was released in 2018, the opening chapter is all about the history of humankind. I don’t claim to be an expert on history, but I do know a lot of history, having visited museums in over 100 countries around the world. So, …

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So what would kill a bank?

Stumbling over an interesting article about bank consolidation in Europe, reminded me of Francisco Gonzalez’s (former Chair of BBVA) prediction that there’s only enough room for a maximum of fifty banks globally. I don’t believe either. As written about yesterday, banks don’t disappear. They don’t …

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Things worth reading: 11th November 2020

Things we’re reading today include … Deutsche Bank to sell retail banking IT unit to TCS for €1 Reimagining retail banking: Tech, innovation and collaboration key to survival UK banks prep IT systems for negative rates Watchdog warns banks on dangers of outsourcing technology Ant …

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Why banks don’t die

Have you noticed how people talk about disruption more and more, and note the collapse of companies like Blockbuster, Kodak, Nokia and Thomas Cook? In fact, there are more companies entering and leaving the stock market lists than ever before, with the average tenancy now …

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Things worth reading: 10th November 2020

Things we’re reading today include … Will the Bank of England’s reliance on quantitative easing work for the UK economy? Sunak sets out ‘green’ post-Brexit financial services regime Global markets rally as Biden heads for White House Brexit: EU and UK negotiators resume trade talks …

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