A summary of the main blogs of the week …
A banker and I were talking about the function of a bank. He gave me the classic view: “A bank is there to take people’s money and lend it out at a profit, whilst ensuring the risk of non-payment is minimised” No it isn’t, I …
Financial Services: The Next Generation … where is it?
I’ve blogged about how I see leadership in the developing (developed now) economies of China and India, and the new innovation models of emerging economies in Sub-Saharan Africa, but not quite in the way in which I see them now. The more I think about …
An interview with yours truly on today’s issues for banks
I was recently asked a set of questions by .BANK and duly answered. The interview is now online so I thought I would share it here … .BANK: In your book, The Future of Banking in a Globalised World, you explore the impact of regulatory change …
The key headlines of the past week include …
Bank of America boosts digital banking segment - Business Insider
Bank of America has continued to show a willingness to invest in technology, which has helped the firm boost its digital and mobile banking segment in Q1 2017.
HSBC refuses to open bank account for Chinese dissident Ai Weiwei - The Independent
Bank refused to open a personal account for him in Hong Kong for what he assumed were political reasons, a conjecture the bank dismissed
Five areas of fintech that are attracting investment - Financial Times
Chinese companies and the insurance sector are picking up on opportunities
Credit card with a fingerprint sensor revealed by Mastercard - BBC
A biometric sensor on the card will be used to verify users' identities when making purchases.
These are the 14 countries with the safest banks in the world - The Independent
And it does not include the USA or UK
City watchdog gears up for Brexit with mission statement - The Telegraph
Chancellor Philip Hammond admits taxpayer stake in RBS could be sold at a loss - The Telegraph
JPMorgan accused of fraud over tech company sale - Financial Times
US bank engineered cut-price deal to curry favour with BlackBerry, lawsuit claims
Labour plans to halt 'epidemic' of high street bank closures - The Guardian
Shadow chancellor John McDonnell says party will introduce stricter rules about the axing of branches
Support builds for watered-down Glass-Steagall law - Financial Times
Policymakers and bankers weigh compromise modelled on UK’s ringfencing rules
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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...
