The main blog headlines are …
Digital banking? Isn’t that just an app?
I meet a lot of senior executive teams of large banks. Some are visionary, many are committed and a large number understand that life is changing. Few understand how. I talk to them about the fintech world of change and how millennials are reshaping banking, …
What does crusty old bread, jumping off a cliff and King Canute have to do with financial services?
I get invited to lots of different events from speaking and moderating conferences to joining via Skype or WebEx to running webinars and tweetups. I had one of those the other day with Oracle, and they kindly wrote a summary of what we discussed. Enjoy …
Lloyds and JPMorgan: a tale of two strategies
It’s interesting looking at banks’ strategic updates and how integral digital is to everything in the banks now. Now I don’t have time to read all of these updates and reviews, but two did catch my eye recently: Lloyds Banking Group in the UK and …
I have many bad habits. The main bad habit is collecting. I collect lots of things. Old comics, old books, old people. Well, maybe not the last one, but one of my really bad habits is collecting money. I have this thing that I call …
I can remember 1984 well, as it was the year after David Bowie’s biggest tour for the Let’s Dance album, and also ten years since Bowie had produced an album dedicated to George Orwell’s classic book 1984. The album was Diamond Dogs, featuring time-tested tracks …
This week’s main news headlines are …
Ant Financial’s $150bn valuation belies glaring risks for investors - Financial Times
China’s fintech champion faces legal limbo, regulatory scrutiny and growing competition
Lloyds boss wields axe again with 1,200 job cuts and 49 branch closures - The Telegraph
RBS to pay up to £3.5bn into pension scheme ahead of switching on 'ring fence' - The Telegraph
Barclays eyes move into cryptocurrency trading - The Telegraph
Australia government says banking executives responsible for misconduct could face jail - Reuters
SYDNEY (Reuters) - Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the country's top financial institutions.
Bank web apps are the "most vulnerable" to getting hacked, new research says - ZDNet
Researchers at security firm Positive Technologies, which has a commercial stake in securing web apps, tested 33 websites and services using its proprietary application inspector, and found that banking and financial institutions were "the most vulnerable" to getting hacked.
Blockchain to disrupt Swiss hold on global bank system, Moody's says - CNBC
The blockchain technology underlying bitcoin could hurt Swiss banks the most, according to Moody's Investors Service. "While making cross-border transactions faster and less expensive would be credit positive for banks, these efficiencies could also compress their fees and commissions, a credit negative," Moody's said in a report Monday.
Wall Street still has lessons to learn about overworked staff - Financial Times
There is no evidence that the culture of long hours yields better results
HSBC announces private banking shake-up - Financial Times
Europe’s biggest lender combines UK and Switzerland businesses in single entity
President Trump hits out at Russian and Chinese currency devaluations - The Telegraph
If you like the Finanser, check out our latest book: Digital Human
The Financial Services Club is sponsored by:
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...
