This week’s main blog headlines are …
I’ve pretty much been travelling the world on business non-stop for thirty years, and something has fundamentally changed during that period. Obviously, the internet and mobile and global connectivity, but also the homogeneity of globalisation. I remember flying into Singapore’s brand spanking new Changi Airport …
Globalizing finance through FinTech
I got to thinking about yesterday’s post on humanity in part due to a discussion of global banking. Global, universal banking was the mantra of the 2000s and HSBC, Citi, Bank of America, BNP Paribas, Deutsche and more were all jumping on the bandwagon.
I’m spending the week in China with Alibaba and ANT Financial. More details to follow, as this is all building towards a case study chapter in my new book Digital Human, and sat amongst 2,000 fans listening to Jack Ma yesterday and his vision of …
A three-stream financial world: which one to watch?
I was reflecting on a question posed to me recently by a Turkish banker. He asked me: “why is it that the Western banks are always talking about legacy?” I knew exactly what he was getting at, as the banks I deal with in USA, …
The first global platform play from Ant Financial
One company that is seeking global domination is Ant Financial. The company has an open stated intention to reach two billion users by 2025. The way in which they’ll achieve that is through local partnerships, and many of those have been started already: Ant Financial …
The bank calls for an Open Banking meeting
I posted this on twitter earlier and it’s proven so popular that I thought I would share with all. The bank calls for an Open Banking meeting …
The latest news headlines …
Barclays moves a step closer to ring-fence by unveiling investment bank board - The Telegraph
Firms are 'bored of Brexit' and continuing to hire, Robert Walters says - The Telegraph
Lloyds Bank to abolish charges for unplanned overdrafts - BBC
Many of the bank's 20 million customers will also face lower charges for authorised overdrafts.
Bank of England successfully tests new payment method - Financial Times
‘Interledger’ programme synchronises transactions between two central banks
Bank stocks are about to face another major challenge - CNBC
U.S. bank stocks are at a crossroads — trying to regain the momentum they had earlier in the year amid signs that the Trump-trade cornerstones that had spurred the rally are not turning out as planned.
A bank replaced a fax machine with blockchain. Was it worth it? - Quartz
Few things are hotter in the financial services industry right now than blockchain. The technology is being tested in a variety of ways, going up against decades-old technology that’s ripe for replacement. But now that there are live blockchain-based systems in place, advocates need to prove that they’re better than the alternatives.
London climbs two places to become world's third best city in which to conduct business - The Telegraph
Analysts saved by stroke of the FCA’s pen - Financial Times
Watchdog determines research not an ‘inducement’ under new Mifid rules
Theresa May's election woes spark jitters among UK finance chiefs - The Telegraph
Brexit may never happen - Sir Vince Cable - BBC
Labour and Tory divisions are "enormous" and the economy is "deteriorating", says Sir Vince Cable.
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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...
