The main blog headlines are …
When the bank knows you’ve been hacked (before everyone else)
You may have seen that Ticketmaster just announced that thousands of customers worldwide may have been affected by a hack. If you didn’t here’s the low-down (via ABC News) The company said its British business, Ticketmaster UK, identified malicious software on a customer support product …
Alibaba versus Tencent: who will win?
I bet you were wondering why I hadn’t written an Ant update recently. Well, I thought it was getting too much … but then I just arrived in Hong Kong and the hotel has kindly given me a copy of Fortune magazine with the headline …
What does the future bank look like?
I keep asking dumb questions like: if the tech giants give away payments, lending and credit for free, how will banks make money? As I’ve regularly blogged, the tech giants don’t want to get into banking per se, but they do want to encourage more …
For some time now, I’ve been reflecting on a conversation about Monzo. It relates to my write-up the other day on new bank thinking, and that Monzo are clever with data. Using Google Map APIs and other services, they enrich my transaction statement so I …
Announcing a major expansion of the Financial Services Club
ANNOUNCEMENT – LONDON, UK: JUNE 25 2018 Back in 2003, Andy Coppell and I conceived the idea for The Financial Services Club, with the objectives of: Promoting discussion among senior people working in Financial Services, who were interested in better understanding the likely future direction …
This week’s top news headlines are …
TSB staff warned IT system would not be ready in months leading up to bungled switchover, says union - The Telegraph
Brexit: bank contracts worth trillions at risk, says finance watchdog - The Guardian
The Bank of England warns EU officials that new rules must be devised for banks Britain’s chief financial watchdog has warned that contracts worth trillions of pounds between UK and European Union banks remain at risk of collapse following Brexit, after Brussels’ failure to implement protective legislation. In a warning
Bank’s red light warning for EU on lack of Brexit progress - BBC
Bank of England says UK making progress on financial services risks around Brexit, but that the EU is lagging.
'No such thing as free banking', warns FCA as big lenders strengthen grip on market - The Telegraph
Is the EU trying to undermine the City over Brexit? | Nils Pratley - The Guardian
Or does EBA truly believe it’s up to banks and insurers to prepare themselves for all outcomes? The Bank of England has provided a useful reminder that failure to make proper preparations for Brexit is not only a British curse. Threadneedle Street’s language was polite but do not doubt UK
Philip Hammond under fire over sale of Lloyds shares - The Guardian
Watchdog calculated £6bn loss to taxpayers, which contradicts chancellor’s claim A claim by Philip Hammond that the government profited by selling off Lloyds Banking Group shares has been questioned by Whitehall’s spending watchdog, which has calculated a loss to taxpayers of nearly £6bn. During last year’s general election, the chancellor
Mark Carney takes swipe at EU as Bank of England warns on Brexit risks - The Telegraph
Everything You Need To Know About What Amazon Is Doing In Financial Services - CB insights
From payments to lending to insurance to checking accounts, Amazon is attacking financial services from every angle without applying to be a conventional bank.
The Biggest Digital Heist in History Isn’t Over Yet - Bloomberg
Carbanak’s suspected ringleader is under arrest, but $1.2 billion remains missing, and his malware attacks live on.
Why Deutsche Bank Can’t Just Shake Off Its Problems - Bloomberg
It would be an understatement to say Deutsche Bank AG is going through a difficult period. It chalked up its third straight annual loss in 2017
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...
