The main blog headlines are …
If you think it’s evolution and not revolution, think again
Another regular argument I’m having is whether digital is a revolution or evolution. I firmly believe it is revolutionary. When industries are being rebuilt from the ground-up with new technologies and new business models, then it is a revolution. When we are living in an …
What is digital transformation?
We talk about platform companies, and many use the famous TechCrunch quote to illustrate this: Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation …
Ten years of payments changes: a lookback
I was recently asked by TSYS to write a piece celebrating ten years of payments changes, as they are celebrating their ten year birthday of ngenuity, TSYS’s payments magazine. So I wrote something. Here’s your starter for ten: To commemorate the past 10 years of …
The digital divide: inclusion must not create exclusion
I have one slight concern as we go cashless, having experienced it myself. You cannot go cashless if it does not include everyone. I had this experience in China. Arriving on a Sunday lunchtime at the Holiday Inn Express hotel, I successfully checked in and …
Research lays bare the banking issue
A new study of the 50 largest banking groups in the UK and Europe has revealed that although profits have increased, future profitability is at significant risk. The UK & European Banking Study (EBS), shows that banks are operating in unstable market conditions fuelled by …
This week’s top news headlines are …
What a **checks notes** £1.2bn company looks like - Financial Times
A skim through the Funding Circle prospectus.
Watchdogs get a taste of their own medicine as regulators come under scrutiny - The Telegraph
Wirecard’s meteoric rise prompts questions - Financial Times
Controversy dogs payments company that has a valuation of more than 40 times next year’s expected earnings
Noel Edmonds fails to get Lloyds Bank’s black horse ads banned - The Guardian
Former Deal or No Deal host in dispute over bank’s handling of HBOS fraud scandal Noel Edmonds has failed in a bid to get Lloyds Bank’s black horse TV ads banned, as the TV presenter’s £60m legal battle with the banking group becomes increasingly acrimonious. The former Deal or No
Euro slides after Italian lawmaker mentions return to own currency - Reuters
The euro fell towards a five-week low on Tuesday after a senior official from Italy's ruling party said most of the country's problems would be resolved if it scrapped the euro for its own currency.
Turkey arrests 417 for transferring foreign currency abroad - The Telegraph
City boss on board of conservation charity pictured with slaughtered animals from African big game hunt - The Telegraph
Men slack off when bonuses are replaced with salaries - but women work hard either way - The Telegraph
Digital start-ups complain they're being frozen out of £775m RBS remedies contest - The Telegraph
HSBC to face calls to 'quit Malta' as MEPs threaten campaign against UK's biggest lender - The Telegraph
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...
