The main blog headlines are …
The secret to success with customer data
It shows the nature of money and finance in our lives, in the way that the media reports about it. Quite often you get a scary headline like the big banks are watching you or banks will sell your data and it makes us mad. …
The future financial world is here
I’ve been thinking for a while now about building a new financial system from the ground up using AI, blockchain, the Internet of Everything and other technologies. What would it look like? What would we build? I guess the piece that inspired a lot of …
When national currencies fail (cryptocurrencies rise)
Venezuela is the latest country to spin into hyperinflation, showing the same signs as the meltdown in Zimbabwe that created the 100 trillion dollar note. Hyperinflation, as defined by economist Philip Cagan in the 1950s, is when a country sees inflation rates rise by more …
Business Insider recently listed what they believe are the 32 FinTech unicorns around the world. Here is their list: =27. Symphony — $1 billion =27. TongDun Technology — $1 billion =27. Funding Circle — $1 billion =27. Kabbage — $1 billion =27. 51 Credit — …
The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services. It is weakening the bonds that have …
This week’s top news headlines are …
The end of signing on the dotted line? E-signatures are as valid as paper ones, Law Commission says - The Telegraph
Ant Financial: a bug’s strife - Financial Times
The regulatory net is closing on the non-bank that behaves a lot like a bank
Labour condemns 'sickening' Lehman Brothers reunion party - The Guardian
Shadow chancellor says party to mark 10 years since firm went bust will disgust people The Labour party has condemned proposals by former Lehman Brothers staff to hold a reunion to mark the 10th anniversary of the firm going bust – a defining moment in the 2008 financial crisis. John
'Day of starvation' as CommBank online customers unable to access funds - Sydney Morning Herald
Commonwealth Bank customers have been blocked from making online payments and accessing the CommBank phone app for hours on Monday, while non-CBA Visa card transactions at the bank's terminals were down across the country until the afternoon.
Trump aims sanctions at Iran ... Hong Kong bank customers get hit - South China Morning Post
Chandran Nair, the founder of the Global Institute for Tomorrow, was seeking answers when four Standard Chartered senior bank officers strode into his Hong Kong office in Taikoo Shing.
EU may force banking jobs away from UK after Brexit, warns City boss - The Guardian
Standard Chartered’s Tracy Clarke says tougher demands could see more jobs than planned shift to Frankfurt, Paris and Dublin Tougher demands by European Union regulators may force banks to shift more jobs to Frankfurt , Paris and Dublin than originally planned due to Brexit, a senior City executive has warned.
Billionaire racehorse owner launches court case against Lloyds Bank subsidiaries - Guardian
Trevor Hemmings’ Manx Capital was among a group that secured a £200m settlement from RBS in 2017 The billionaire owner of of three Grand National winners has launched a court case against a collection of former allies, claiming they unjustly enriched themselves during their joint litigation relating to Royal Bank
UK accountancy watchdog ‘too close’ to Big Four, say critics - Financial Times
Financial Reporting Council slated by wide range of respondents to broad review
Big six come under fire for slow take-up of Open Banking rules - The Telegraph
Donald Trump's fixer Michael Cohen 'being investigated over $20m loans' as he rages on Twitter - The Telegraph
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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...
