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The Finanser’s Week: 8th May – 14th May 2017

This week’s main blog headlines are …

The legacy clock is ticking

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech.  Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and …

Bitcoin isn’t a currency; it’s a religion

I’ve regularly got into confrontations with digital currency people, especially those who are believers in bitcoin, by saying things they don’t like to hear.  First it was my comment that you can’t have money without government.  They believe the currency is beyond control because it …

Hong Kong’s FinTech Strategy

It shows how important FinTech is when major financial centres vie for focus.  London has been leading the charge to be the FinTech capital of the world, but many other cities are nipping at their toes.  So I was intrigued to see Hong Kong issue …

FinTech versus Banks, Round One: PSD2

I got a very interesting heads-up yesterday to a campaign the European FinTech start-ups have kicked off to try and stop the big, nasty banks screwing them with their version of PSD2.  I’ve previously blogged that the banks will implement non-standard APIs to make it difficult …

Will customers tell Barclays to frack off?

I’m very sceptical about competition in banking because I’ve been waiting for it to happen for too long.  Back in the 1990s, I visited Australia that had just had sweeping reforms in banking to promote more competition.  Zero affect.  America’s biggest banks haven’t seen much …

 

The latest news headlines …

Fintech: the second wave of challenger banks – Euromoney
Clearbank will be the first new clearing bank to launch in the last 250 years.

Lloyds boss Antonio Horta-Osorio said to be hunting for new job ahead of AGM – Proactive Investor
Speculation that Lloyds Banking Group plc (LON:LLOY) chief executive, Antonio Horta-Osorio, is set to resign is rife ahead of the bank’s annual meeting on Thursday.

Noel Edmonds seeks £50m damages for HBOS fraud – BBC
The Noel’s House Party host claims the Reading branch scandal caused “distress and public humiliation”.

RBS cuts hundreds of technology jobs – BBC
The reductions are part of the bank’s drive to become a “simpler, smaller UK-focused bank”.

Starling Bank unveils real-time mobile payments – Banking Technology
UK challenger bank Starling is staying busy with the launch of its real-time mobile offering, Starling Payment Services.

Why the future of banking is mobile-only – Wired
With no physical branches and an emphasis on convenience, mobile-only banking is becoming increasingly popular, promising customers a slick, fast and common sense approach to managing their money.

UK finance watchdog criticised for “absurd” spend on new logo virtually identical to old one – The Telegraph

Is your money safe? – Daily Mail
Bank hack could affect MILLIONS of customers around the world by intercepting two-step login verification codes

Upstart challenger banks eye consolidation – The Telegraph

Debit card control lets you ‘turn off’ card to beat scams – BBC
Customers of a major bank can “switch off” their debit card to online purchases or set ATM limits.

 

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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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