This week’s main blog headlines are …
Digital banks are Copernicus banks (incumbents are with the Flat Earth society)
Twenty years ago, I was working on re-engineering projects. Most of the time I was getting exasperated because the banks wouldn’t take on the big projects, like the mortgage process, as it went across too many divisions. That’s big risk in their view, as it …
The 50 hottest FinTech firms 2017
I sit on the judging panel for the FinTech 50, now in its fifth year, and the final list was revealed yesterday. Here they are: FinTech50 2017 list unveiled, including 24 new businesses Women leaders feature, with almost 20 percent of The FinTech50 having a …
A brand new Clearing Bank for Britain
I recently hosted Nick Ogden, the founder of WorldPay and serial entrepreneur, at our Nordic Finance Innovation meetings in Stockholm and Oslo. Nick is now launching the first new UK clearing bank for over 250 years called ClearBank. I’d heard a few rumblings about ClearBank, …
Could banks be the consumers’ data champion
Someone made an interesting comment about Google this week: banks can attack Google’s soft underbelly. What? Google? Soft underbelly? And banks can attack it? You must be joking. The presenter (Conor McAleavey, Chief Innovation Officer with Leveris) went on to outline what he meant and, …
The future business model is clear
For many years, I’ve been using Michael Treacy’s The Discipline of Market Leaders to talk about the business model of banking. The book claims that all companies are comprised of three major components: a manufacturer, a processor and a retailer. The book claims that most companies …
Googling PSD2, APIs and Open Banking
I was really interested in a presentation by Benny Boye Johansen, Head of OpenAPI at Saxo Bank, at our recent Nordic Finance Innovation meetings. In particular, he put up some slides that were both illuminating, amusing and strange. They were Google Trends charts looking at …
The latest news headlines …
Judge calls off High Court trial into RBS rights issue - The Telegraph
Seven reasons why the Australian economy has gone 26 years without a recession - The Telegraph
How will the General Election affect the pound? - The Telegraph
Fat chance of delaying markets reform, EU watchdog tells City - The Telegraph
Santander buys struggling Spanish bank Popular for €1 - The Telegraph
Trump's favorite bank is ignoring requests for infomation about his finances - Vanity Fair
As the White House braces for former F.B.I. director James Comey to testify before Congress this week about his conversations with Donald Trump, there is little that anyone in Washington can talk about besides Russia, Russia, Russia.
Babies born today may never need to learn to drive, says Axa UK chief - The Telegraph
Peer-to-peer lender Zopa moves towards bank launch after raising £32m - The Telegraph
Britain’s biggest peer-to-peer lender is moving closer towards its goal of setting up a bank, raising £32m from investors just weeks after the City watchdog gave it permission to launch an ISA.
The 12 UK banks with the best public reputation - Business Insider
Financial institutions in the UK have taken a reputational beating in the years since the financial crisis, with trust in bankers and their employers hitting rock bottom among the general public after billions of pounds of bailouts and accusations of widespread misconduct in the pre-crisis years.
Savings would last about a month on average, report says - BBC
Employees have on average about a month's savings to maintain their lifestyle if they lost their income, a survey says.
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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...
