Home / Blog Index / The Finanser’s Week: 12th February 2018 – 18th February 2018

The Finanser’s Week: 12th February 2018 – 18th February 2018

The main blog headlines are …

Will platforms replace governments?

I often talk about my week in Hangzhou last year, writing the case study on Ant Financial for the new book Digital Human, and particularly the words of Jack Ma on how he sees managing the Alibaba platform: Management. The word is there for regular …

Inside the mind of Jack Ma

I am very taken by the articulate and charismatic Jack Ma. Not because he’s one of the richest men in the world, but more because of his experiences and beliefs. If you haven’t listened to his interviews and thoughts at this years World Economic Summit, …

Most companies are unprepared for a cyberattack

I was looking around at what’s new online, and just discovered the Hiscox 2018 Cyber Readiness Report. This is the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, and puts the spotlight not only on the financial consequences of individual cyber breaches but also …

Regulating the cryptocurrency markets

Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised? I guess that this is logical as my last line was that government control of cryptocurrencies is “not so …

Who are the hottest FinTech firms and Influencers around the world?

I was sent a nice list of the Top 50 FinTech firms selected by Forbes. They introduce it as follows: Worldwide, $27.4 billion poured into fintech startups in 2017, Accenture reports, up 18% from 2016. With so much in play, it’s not surprising that 22 …

 

The latest news headlines …

World’s richest people: in pictures – The Telegraph

Slovakia woos with ‘love bank’ for Valentine’s Day – BBC
A picturesque old town in Slovakia is running a “love bank” where couples can go on Valentine’s Day to deposit small, cherished tokens of their love. The lovers’ vault, containing 100,000 tiny drawers, is in Banska Stiavnica’s House of Marina, a museum celebrating the world’s longest love poem.

Punjab National Bank detects $1.77 billion worth of fraudulent transactions – Economic Times
Indian state-run Punjab National Bank said on Wednesday it had detected some “fraudulent and unauthorised” transactions worth about $1.77 billion at one of its branches in Mumbai.

Failings of RBS small-business unit laid bare – Financial Times
Litany of problems at GRG chronicled in 361-page report for watchdog

Why is Australia investigating its banks? – BBC
Finance is Australia’s biggest industry, and its banks are some of the most profitable in the world. But now the nation’s highest form of public inquiry is examining misconduct by the nation’s banks and financial institutions.

Starling Bank announces partnerships with mortgage broker, investment and pensions firms and insurer in open banking push – City AM
Starling Bank will today unveil four new partners for its in-app marketplace, raising the prospect of customers buying insurance and even gaining a mortgage through the bank’s app within weeks.

City watchdogs tell algorithmic traders to clean up act  – The Telegraph

RBS victims defy regulators to publish report into mistreatment of small businesses – The Telegraph

Brexit boost, Wall Street banking giant Citigroup Inc, have announced their intentions to set up a brand new innovation centre in London – The Express
The bank’s Europe, Middle East and Africa Chief Executive, Jim Cowles, said: “Citi continues to invest in London, a key hub for both cutting edge technological talent and some of our largest investor clients.”

Bitcoin explained: How do cryptocurrencies work? – BBC
What are cryptocurrencies? Spencer Kelly explains all – with the help of a stuffed penguin.

 

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About Chris M Skinner

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...

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