Our main stories of this week includes …
ValueWeb: How FinTech firms are using bitcoin blockchain and mobile technologies to create the Internet of Value After months of writing and editing, I’m delighted to say that my new book ValueWeb is now available. “Chris Skinner – one of the most authoritative voices on …
Flying back from Oslo after the SWIFT Nordics Conference, I was reflecting on the blockchain discussion we had. I chaired the discussion which was titled: “Blockchain: from hype to real world applications” and was joined by Vytautas Karalevicius from Spectro Finance, Lasse Meholm of Nordea …
Just had a great discussion about data analytics and visualisation at the SWIFT Nordics Conference in Oslo. During the discussion we talked a lot about data for risk management and how real-time tracking of payments could help identify suspicious activities from fraud and malware attacks …
I am surprised how many new start-up banks there are in Britain. My list so far includes physical distribution players such as: Santander (a challenger?) that moved to the UK in 2004 with the acquisition of Abbey Banco Sabadell’s acquisition of Lloyds spin-off TSB the …
BBVA have made another bold move this week, acquiring Holvi. This follows hard on the heels of other significant moves, such as investing $60 million in digital first UK start-up bank Atom and the acquisition of Simple a couple of years ago. From that acquisition, they …
The Cards & Payments Awards 2016 took place the other day, so I thought I’d pick out the three Awards that interest me the most: Best Technology Initiative; Best Initiative in Mobile Payments; and Best Industry Innovation. BEST TECHNOLOGY INITIATIVE Winner: Bottomline Technologies Bottomline’s Agency …
The past week’s major news headlines include …
Spelling mistake prevented hackers taking $1bn in bank heist – Guardian
New York Fed reveals spelling of ‘foundation’ as ‘fandation’ prompted bank to seek clarification and stop transfer, but hackers still got away with about $80m A spelling mistake in an online bank transfer instruction helped prevent a nearly $1bn heist last month involving the Bangladesh central bank and the New
Spain’s monarchy drawn into banking scandal – Guardian
In a leaked text conversation also involving the king, Queen Letizia pledges support for a scandal-hit banker whom she describes as her ‘yoga mate’ A leaked text conversation between Spain’s Queen Letizia and a businessman embroiled in a banking scandal has caused a furore, as King Felipe VI attempts to
Big U.S. banks to take on tech rivals with instant payments – Reuters
NEW YORK (Reuters) – Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person’s account instantaneously by mobile phone.
£10m payday for Metro Bank cashiers as stock market float pays off – The Telegraph
Up to 2,000 cashiers and other branch staff will share in stock options worth as much as £10m when Metro Bank goes public this Wednesday.
New UK rules hold bank bosses accountable for misconduct – ITN News
Fred Goodwin was chief executive of Royal Bank of Scotland when the bank collapsed in the arms of the taxpayer in 2008.
NatWest online banking flaw enables hackers to drain bank accounts by stealing your smartphone – International Business Times
UK high street bank NatWest has admitted that a serious flaw in its online banking system is enabling criminals to hack into accounts and drain them through two different ways – either by accessing the accounts using stolen smartphones, or by impersonating victims to get their phone calls and SMS text messages forwarded to another SIM card.
Do other countries do banking better? – BBC
After complaints about British banks and the current accounts they offer, do foreign countries give consumers a better deal?
Bankers jostle to be junior as UK accountability rules kick in – Reuters
LONDON (Reuters) – New rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts.
Race to provide robo-advice hots up – Financial Times
Automated online investment services threaten traditional investment business models
Barclays resets for era of banking austerity – Financial Times
Tougher and earlier action at the low-return investment operation would have been a better option, writes Philip Augar
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