Our main stories of this week includes …
The African Mobile Revolution, Part One
Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya. It is Africa’s premier FinTech event, drawing people from all over the countries of sub-Sahara Africa. What struck me as I listened to lots of keynotes about mobile innovation and mobile financial …
A glimpse of tomorrow’s economy: Dot Finance Africa
I enjoyed much of the discussions at Dot Finance, especially the presentation from Kosta Peric of the Bill & Melinda Gates Foundation. Kosta’s been a good friend for some years and features as one of the case study interviews in ValueWeb. He was also responsible …
The challenges of mobile financial inclusion
One of the gating factors to financial inclusion is the mobile network itself. It sounds simple to say that all of Africa can have access to mobile money, and they can, but if each telco has different wallet structures, charges and fees, then the ease …
Africa’s blockchain transformation
ValueWeb makes the contention that you cannot have an internet of things without a real-time and cheap internet of value. A core part of this is focused upon building a cheap shared ledger structure for digital identity and digital currencies and guess what? That cheap shared …
Solving the Insolvable: the Water ATM
In a final post about African transformation through technology, I’ve covered the key themes: mobile financial inclusion, smartphone innovation through apps, digital currencies and blockchain identities. One thing missed is a mention of the Water ATM. I hadn’t heard of automated machines for water being …
This week’s major headlines include …
Financial messaging service SWIFT says banks responsible for own cybersecurity - Reuters
(Reuters) - SWIFT has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in February.
Italy must choose between the euro and its own economic survival - The Telegraph
FCA pledges to help fintech firms disrupt big banks - The Telegraph
What would Donald Trump's economic policy look like, and how does Hillary Clinton's compare? - The Telegraph
Don’t be so arrogant, incoming FCA chief Andrew Bailey tells bank bosses - The Telegraph
Lending Club CEO resigns after internal probe, shares plummet - Reuters
(Reuters/IFR) - Renaud Laplanche, founder and chief executive of online lender Lending Club Corp, resigned after an internal probe found that the company had knowingly sold an investor $22 million of loans that the investor did not want, the company said on Monday.
Brexit to cost ‘tens of thousands’ of City jobs - Financial Times
Treasury believes 285,000 financial services jobs are linked to EU
Former Deutsche Bank boss guilty of insider dealing - Guardian
Former managing director of German bank Martyn Dodgson and ex-Topshop finance chief Andrew Hind face up to seven years in jail A former adviser to Sir Philip Green, along with a one-time managing director of Deutsche Bank, have been found guilty of insider dealing in one of the UK’s most
Panama Papers report alleges New Zealand prime place for rich to hide money - Reuters
WELLINGTON (Reuters) - Wealthy Latin Americans are using secretive, tax-free New Zealand shelf companies and trusts to help channel funds around the world, according to a report on Monday based on leaks of the so-called Panama Papers.
Lending Club looks to cope with challenge - Financial Times
Series of grim results from peers in online lending industry
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The Financial Services Club is sponsored by:
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...
