A summary of the main blogs of the week …
I was having a conversation with a friend about the issues at Monzo this week (among others). Their third-party payments processor had an outage at the weekend so the cards couldn’t be used. Then they had crashes on Android and lost payments in the app. …
I got a laugh the other day when I referred to Grade II Listed Banks, but I was serious. For overseas readers, we have a system in Britain of listing heritage buildings. They have various grades which restrict what you can do with them. Grade I means …
Seven years ago, the first new retail bank in almost a century got its licence to open: Metro Bank. Now, there are so many new banks starting up in Britain (and across Europe) that it’s sometimes hard to keep up with it all. There are …
BIS endorse Distributed Ledger Technology (DLT) for payments clearing and settlement
I’ve just been alerted by friend Gijs Boudewijn to the release of a fascinating white paper by BIS, the Bank for International Settlements (the guys who do Basel stuff and are big cohonez in banking circles). Their Committee on Payments and Market Infrastructures released Distributed …
bitcoin or ether: which currency will win?
As referenced in my R3 fake news last week, there are various camps out there fighting for the cryptocurrency crown. The lead runners are bitcoin and Ethereum, and both have serious backing. However, it’s still early days. I keep stressing that we need to remember …
The key headlines of the past week include …
Bank branches still more popular than mobile apps for new accounts - Computer Weekly
The report Who are you calling a challenger? surveyed 2,000 consumers in the UK about their banking preferences. It sheds light on where challenger banks and financial technology (fintech) firms can make ground on the established banks.
Girl statue faces Wall Street bull to fight gender inequality - BBC
Statue in New York aims to encourage companies to increase the number of women in their boards.
RBS hands out £22m in share awards to bosses - The Telegraph
China’s banking system overtakes eurozone to become the biggest in the world - The Independent
Some analysts have said credit boom has led to wasteful investments, overcapacity in certain industries and unsustainable debt levels
Big four banks passing the buck on open data regulation - ZDNet
At the conclusion of the three-day review of Australia's four major banks, not one has explicitly pointed to who should lead the open data reform that will potentially change the heavily regulated banking industry in Australia.
Banking jobs denied to young people due to having 'wrong accents' - The Independent
Finance industry executives admit 'presentation' at interview is biggest barrier to people from poorer backgrounds getting a job
Which nation is growing richer the fastest? - The Telegraph
200-year-old bank note stolen from a museum in the 1980s is sent back to bemused staff in an envelope covered with Caribbean stamps - Daily Mail
A 200-year-old bank note stolen from a museum in the 1980s has been sent back to historians from the Caribbean. The antique note was sent across the Atlantic from St Lucia to the Padstow Museum in Cornwall, in an envelope with no return address.
How to start your own bank - The Spectator
Launching a new one is easier than before...but still requires an experienced team with plenty of patience
'Super equivalence’ needs new international regulator, says City - The Telegraph
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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...
