This week’s main blog headlines are …
Bankers see faster horses; technologists imagine cars
I was chairing a conference on blockchain and distributed ledgers the other day. The audience were a mixture of start-ups and banks, and the speakers were talking about how they viewed the world of distributed ledger developments. Many of the banks had successfully complete proofs …
Following on from the discussions about identity on Monday, it gets interesting to think about the customers’ data and who owns it, especially in light of the Payment Services Directive 2, PSD2 for short, which comes into force at the start of next year. The …
Even British Airways gets blockchain now
When I fly with British Airways, which I try to avoid these days thanks to the fatuous actions of their lame duck CEO, then I’ll always check out the latest edition of Business Life. It’s their upmarket magazine for business fliers, and usually hits the …
China’s ban on cryptocurrencies is not news
There’s so much rubbish being written about cryptocurrencies, ICOs, blockchain and shared ledgers at the moment that I’m almost tempted to give up on it all. 1 in 10 ICOs is a scam, blockchain is not the same thing as a shared ledger, and no, …
The imperative for self-sovereign identification (get lost Equifax)
I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax …
The latest news headlines …
Goldman Sachs announces a change in strategy - The Economist
IT IS not easy to feel pity for Goldman Sachs. Its alumni lord it in pivotal government positions around the world; from every prestigious business school, applicants queue in hope of a job; its senior executives earn eye-watering amounts; and it has a presence, it seems, in every corner of
Bitcoin is a fraud that will blow up, says JP Morgan boss - The Guardian
Jamie Dimon claims cryptocurrency is only fit for use by drug dealers, murderers and people living in North Korea Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and
UK's banks ill-prepared for another financial crisis, warns think tank - The Telegraph
'Digital-token investors should brace for total loss' says FCA - BBC
Regulator warns consumers that invest in certain new digital token schemes must be prepared to lose the lot.
JPMorgan's Dimon says bitcoin 'is a fraud' - Reuters
NEW YORK (Reuters) - Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase & Co , said on Tuesday.
Lawsuits against Equifax pile up after massive data breach - Reuters
(Reuters) - More than 30 lawsuits have been filed in the United States against Equifax Inc after the credit reporting company said thieves may have stolen personal information for 143 million Americans in one of the largest hackings ever.
Mark Carney lands two more top international jobs in coup for Bank of England - The Telegraph
Goldman Sachs invests in British consumer lender - Financial Times
US bank will give £100m to Neyber, a fintech start-up repaid out of salaries
Goldman Sachs to take on UK retail banks - Financial Times
Investment bank plans consumer loan and savings push as it widens search for deposits
Barclays’ email raises questions on banks’ ‘no-poach agreement’ - Financial Times
US regulators examine whether UK bank promised JPMorgan it would not hire its staff
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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...
