This week’s main blog headlines are …
How we travel today will change massively tomorrow
I was chatting with a friend about what he’s up to these days. He started talking earnestly about looking up his family ancestry. With the internet these days, you can quickly find your grandparents, great grandparents, great-great grandparents and even your birth mother. He had …
Did you realise it’s only 10 years since the iPhone was released?
It’s a decade since the iPhone launched. Steve Jobs unveiled the new phone on January 9th, 2007. The first iPhones were made available to the grubby hands of the public on June 29th, 2007, exactly ten years ago today. This was originally just for American …
Is self-service all it’s cut out to be?
I find it amusing to think about this age of self-service, where we take it for granted that it’s cheaper, easier and more personalised to your own wishes if you book it yourself. And, for most of the time, that works well. Except when you …
It’s the ATM’s 50th birthday today!
It was exactly 50 years ago today that the world’s first ATM was unveiled at a Barclays branch in Enfield, London. As a tribute to the golden anniversary, Barclays has transformed the modern-day Enfield cash machine into gold. Today, more than half of UK adults …
Klarna is a great illustration of the financial marketplace
I was going to blog about something different, when I spotted this article in The Financial Times about Klarna gaining a banking license over the weekend (thanks to Pascal Bouvier). The commentary has two key sentences, which I’ve highlighted, that illustrate all the things I have been …
The latest news headlines …
Britain warned Ireland against 'opportunistic' Brexit attack on City - The Telegraph
India's IT industry: What has gone wrong? - BBC
Once the darling of India's economy, the IT sector is struggling. But why?
Bank of England orders banks to set aside an extra £11.4bn over fears of rising consumer credit - The Telegraph
Co-op Bank set to announce £700m rescue deal - The Telegraph
U.K. challenger bank Starling sets up in Ireland and clears flightpath to Europe - CNBC
Starling Bank, a new U.K. challenger bank that doesn't have branches and relies on a mobile phone app instead to cut running costs and appeal to new customers, has received its banking passport into Ireland.
Blockchain technology is moving into the financial mainstream with IBM and seven European banks - CNBC
IBM is building blockchain technology that will be used by seven of Europe's largest banks, including HSBC and Rabobank, to facilitate international trade for small and medium-size enterprises, the company said on Tuesday.
The first cash machine came into use 50 years ago today - BBC
It is 50 years to the day that the first cash machine came into use. How has it changed over the years?
Co-op Bank ends sale process as rescue plan draws near - The Telegraph
RBS to cut 443 jobs in UK, move many of them to India - Reuters
(Reuters) - British lender Royal Bank of Scotland is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.
Bank of England poised to act as credit card market overheats - The Telegraph
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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...
