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The Finanser’s Week: 15th May – 21st May 2017

This week’s major updates on the Finanser …

What banks can learn from Wal-Mart

I picked up Bloomberg Business Week at the airport this week, attracted by the cover. Wal-Mart have issues with the digital revolution.  Amazon is stealing their lunch, literally, and they’ve been struggling for years to work out what to do about it.  As a giant gorilla …

How can a bank guarantee its future?

Three people are chatting in a bar. The first says: “It’s great working for a FinTech start-up as I get to travel the world.  As a result, I can easily call my partner and tell them I’m on a business trip to stay with my …

Banks’ leadership teams are fatally flawed

I was chairing a conference with various speakers, when Gartner Group stood up and talked about their annual bank survey.  They found that of the senior bankers surveyed, 76% don’t believe that digitalisation will affect their business model. Gartner found 76% of banks don’t believe …

The challenge of being a challenger bank

I recently met a start-up bank.  They were depressed.  Having submitted their third proposal for the bank, the regulator was still pushing back.  This felt familiar.   Having seen so many new start-up banks in Britain, I was familiar with the start-up process.  It involves hellishly …

This Town is coming like a Ghost Town

I grew up in an era of Ska music with the Specials, Madness and The Selector being regulars on the University circuit.  One song that brought back memories of this era played on the radio the other day: Ghost Town. The main line repeated throughout …

 

This week’s major headlines include …

BBC fools HSBC voice recognition security system – BBC
A reporter’s twin foiled the HSBC security measure by mimicking his brother’s voice.

RBS settlement has left business couple feeling ‘gutted’ – BBC
Despite settling their case, Mike and Diane Hockin are still angry about the way they were treated by RBS.

Lloyds chairman gives strongest signal to date Antonio Horta-Osorio is staying put at newly privatised bank – The Telegraph

‘Trump Trade’ turns to trepidation as investors unwind – Reuters
NEW YORK (Reuters) – Investors were shelving rosy hopes for U.S. tax reform and rethinking strategies premised on Donald Trump’s economic growth promises on Wednesday, as the President faced his loudest criticism yet over possible collusion between his election campaign and Russia.

Bank of Ireland picks HSBC executive as its new CEO – Financial Times

Banks ‘must show action’ in fraud cases – BBC
A consumer group says “life-changing sums” are being lost by victims of bank transfer scams.

Cyber attack could spark lawsuits but not against Microsoft – Reuters
(Reuters) – Businesses that failed to update Microsoft Windows-based computer systems that were hit by a massive cyber attack over the weekend could be sued over their lax cyber security, but Microsoft Corp itself enjoys strong protection from lawsuits, legal experts said.

JP Morgan buys Dublin office with room for 1,000 staff – The Telegraph

Ten top American fraudsters – The Telegraph

Mashreq CEO foresees branchless future for UAE bank – CNBC
Dubai headquartered Mashreq could become a branchless bank thanks to new automation and self-service technology, said its CEO Abdul Aziz Al Ghurair in a speech this week to mark the bank’s 50th anniversary.

 

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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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