The Finanser’s Week: 8th February – 14th February 2016

Our main stories of this week includes …

Is it Fintech or Techfin (Part One)

In conversation with bankers and start-ups, it is clear that there is a differing view of the world.  It is not as clear-cut as nimble innovator versus dinosaur incumbent, which is how many portray this chasm of difference of thinking, but there is a difference …

Is it Fintech or Techfin (Part Two)

In part one, I talked about the views of the Fintech start-ups who begin with thinking: how can I transform this financial process using technology?  Banks think differently and begin with thinking: how can I apply technology to this financial process?  The core difference is …

#Fintech 2.0: The Great Rebundling

I’ve been presenting the idea for a while now that banks are not being disrupted or unbundled, as so many claim. It’s a nice idea but completely misunderstood.  The disruption idea assumes that banks will let it happen, are not awake, will not respond, can’t …

Reflections on Finovate Europe 2016

I was going to write a long wordy reflection on this year’s Finovate, which took place over the last two days in London, but was beaten to it by Benjamin Ensor and Oliwia Berdak of Forrester so, rather than writing my own view, here’s theirs: …

A future US-EU trade war?

Few of us can forget the terrible attack on Paris in November.  When the Paris attacks took place at the end of last year, I was lucky enough to visit Paris a couple of days later for the annual CARTES conference event. Some firms had …

The Bank Dick

It’s amazing what you stumble across on the internet. I was looking for some bank news the other day, when all of a sudden cropped up this clip from the 1940 film The Bank Dick (Detective) with the famous drinking actor W. C. Fields. I’m posting …

 

The past week’s major news headlines include …

Lord Turner: peer-to-peer crash will make 'bankers look like lending geniuses' - The Telegraph
Ex-regulator Lord Adair Turner predicted big losses in peer-to-peer lending, as the fledgling industry reacts with anger

Deutsche Bank: Germany's financial colossus stumbles - Guardian
After 146 years of solidity, the bank that came unscathed through the 2008 crisis is now the focus of investors’ fears for the banking system Deutsche Bank fuelled Germany’s rise to the status of economic powerhouse, financing its industry in the 19th century and helping the country’s economy to rise

The world can't afford another financial crash - it could destroy capitalism as we know it - The Telegraph
A new economic crisis would trigger a political backlash in Britain, Europe and the United States which could drag us all down into poverty

Is the European banking industry facing its own Lehman Brothers moment? - The Telegraph
Lenders have been spending their investors' cash like drunken sailors on shore leave for nearly eight years now. Patience is running out

The five fears stalking the global banking industry - Guardian
China, emerging markets, the eurozone, oil and commodities all pose a threat to the banking sector this year Banking shares have come under pressure this week as investors express fears that the sector will be badly hit by a global economic downturn. Financial institutions have strengthened their balance sheets since

Challenger banks stand out from the crowd - Financial Times
Risk-averse incumbents prompt small businesses to turn to other providers

Barclays shares suspended as markets slump - The Telegraph
Turmoil in financial markets in Europe has hit Barclays harder than its UK-focused rivals

Barclays needs some big ideas while share price languishes - Guardian
Does Jes Staley have a radical reinvention plan? Or is he going to offer another uninspiring round of cost-cutting? ‘Our stock price is broadly where it was immediately after the global financial crisis, six years ago,” said Barclays chairman John McFarlane last July, sympathising with the bank’s “incredibly patient” investors

Fintech firms want to open accounts at the Bank of England - The Telegraph
Payments and technology firms want the right to open bank accounts at the Bank of England, a right traditionally only given to banks and one which gives them access to the payments system

First ever peer-to-peer Isa offers up to 6pc returns - The Telegraph
Investors will be able to earn peer-to-peer levels of interest tax-free from April 6

 

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