Here are our key posts for the past week …
I was talking with a technology firm the other day. They offer everything from cloud to core systems. Their issue is that the competition wins every time. Not IBM. Not Accenture. Not TCS. Not FIS. Not SAP. Not any of the big names you could …
Building on yesterday’s blog (Do bank’s need a CIO?) , the key misunderstanding is the role. Most banks thing the CIO is there to run the technology. They’re not. That’s what they used to do. That’s not the job for the future. First and foremost, …
India’s billion digital identities
I’ve blogged a lot about digital identities, but failed to cover an in-depth review of the largest identity program in the world: Aadhaar. It’s been very remiss of me, but I’ve been waiting for the right moment and now seems to be that moment. Aadhaar …
Which countries are leading financial inclusion?
Building upon Friday’s discussion of how the system treats the poor, there are interesting movements afoot at the Brookings Institute. If you’re not familiar with Brookings, it is one of America’s oldest Think Tanks and provides independent research into social sciences, particularly economics, governance and …
Financial Services Club Season Q4 2016
I don’t often highlight the Financial Services Club’s forthcoming meetings, but felt it worth just noting a few upcoming specials. Join the Club if you want to come along: Financial Services Club England September 6 Future Applications of the Blockchain Technology – Leanne Kemp, Founder and …
The key headlines this week include …
Barclays and Wave complete world's first blockchain trade finance transaction - International Business Times
Barclays and Israeli start-up Wave, which graduated from the former's TechStars accelerator, are claiming to be the first organisations to execute a global trade transaction using blockchain technology.
Deutsche Bank calls for reform of global financial messaging system SWIFT - Reuters
Deutsche Bank (DBKGn.DE) is calling for a reform of SWIFT, the global financial messaging system which has faced criticism since February's $81 million heist at Bangladesh Bank.
Which banks are getting most complaints from YOU? - The Express
Taxpayer-backed Lloyds Bank has topped the list of most complaints made in the first half of 2016 to the Financial Ombudsman Service (FOS).
Wall Street banks eat their words on Brexit - Daily Mail
The Wall Street banking giants that helped fund the Remain campaign have torn up their forecasts for a UK recession in the wake of the Brexit vote. Goldman Sachs, JP Morgan and Morgan Stanley warned of an economic slump after the EU referendum in June, but now believe the UK will avoid recession
London's million-pound homes hit hardest by Brexit - The Telegraph
HSBC allows customers to use selfies to open new bank accounts - The Independent
Business customers with HSBC will be able to open new accounts with a selfie as the high street bank seeks to simplify its application process.
As big banks retreat from the high street, do we still need bank branches? - Daily Mail
They may be financial titans but that hasn't stopped the big banks closing branches in a move that resembles an all-out retreat from high streets up and down Britain. Lloyds Bank recently announced a planned cut of an extra 200 branches ...
Italian Bank Rescue That Mustn’t Fail Hangs Over Como Party - Bloomberg
Italy’s business elite concluded an annual summer lakeside retreat dogged by the enduring shadow cast by Europe’s unhealthiest big bank.
Barclays chief poaches another top JP Morgan banker - The Telegraph
Joseph Stiglitz: 'Monetary union was the mistake' - 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...
