This week’s main blog headlines are …
Slow regulations versus fast tech
Before 2010, I was writing a lot about technology but it was all heavily geared towards regulations. It was pretty dull, to be honest, but worthy. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I …
I just had a whirlwind visit to Indonesia to support DBS in the rollout of their digibank service there. It was a very short visit, but a packed evening of presentations and discussions. Part of the time was spent with Piyush Gupta, the CEO, who …
Lego bank is here, but it’s not built with Lego
A short time ago, I hosted an interesting group for the Nordic Finance Innovation meetings. The meeting gathered several of the leading-edge Banking-as-a-Service (BaaS) companies that have launched in the last few years including Bud, Clearbank, Leveris, Saxo Bank and Solaris. Building on each others …
I grew up with America as the dream. However, in the past two decades, China has become the second world superpower, whether the Americans like it or not. This is not me having a love thing for China. It’s just a fact. The Americans don’t …
Gemuel Franco over at Fried.com shared a great infographic on bitcoin with me, so I thought I should share it with you. Checkout the history below and note that the original exchange rate of 1,309.03 bitcoins to a dollar would now equate to circa $5.5 …
The latest news headlines …
Russia bailout stokes fears of a systemic banking crisis - CNBC
The Central Bank of Russia (CBR) said late Tuesday it planned to rescue Otkritie, the country's seventh-largest bank by assets according to Interfax data, amid concerns about its loan portfolio.
How the pound has changed since its last record slump - in one chart - The Telegraph
Mifid II will deliver long-overdue value for money - Financial Times
New EU rules are great news for pension funds and retail investors, says Norma Cohen
India rupee: Illegal cash crackdown failed - bank report - BBC
India's attempt to flush out undeclared wealth by withdrawing notes did not work, bank figures show.
British man charged over Lloyds and Barclays cyberattacks - The Telegraph
Six global banks join forces to create digital currency - Financial Times
‘Utility settlement coin’ aims to launch next year for blockchain settlements
Burger King launches WhopperCoin crypto-cash in Russia - BBC
The virtual cash will be given out when people buy food in Burger King restaurants.
American Express targets debt-leery consumers with new card features - Reuters
NEW YORK (Reuters) - American Express Co is unveiling a new option that could tempt young, budget-conscious consumers into taking on credit card debt.
Mitie investigated by Financial Conduct Authority - BBC
The outsourcing group says the FCA is investigating a profit warning it released last year.
Irish bank PTSB fined £2.3m by ECB for liquidity breaches - BBC
It is the first such penalty since the central bank took over regulation of eurozone banks in 2014.
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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...
