The main blog headlines are …
I was reflecting on things again. Dangerous. My reflection was on when I grew up. My mum and dad went through the second world war. They feared for their lives and for our future. There was no Europe, just a fear of Germans and Nazis, …
You’ve got to love all these challenger banks (née neobanks née digital banks née mobile banks née whatever banks) appearing. There’s lots of chat about the British ones led by Monzo and closely followed by Starling, Atom and Tandem, but there are many more. In …
Like quite a few big banks, the Royal Bank of Scotland (RBS) has been messing about with doing digital by launching a number of new initiatives. The two of most note are Bó, a new retail bank, and Mettle, a service for small to medium …
We are regularly being bombarded with unicorn news. Some rise and some fail. We hear about toxic corporate cultures and ousted CEOs on some occasions, with WeWork being the latest to get caught in the pre-IPO crossfire. In case you’re not aware, their CEO and …
Now that’s a contentious title for a blog, but purposefully so. Old banks can compete in the new world if they’re smart … it’s just that so many of them are dumb. Dumb with data, as I’ve blogged before. To illustrate this, I have three …
And the top news headlines this week are …
Bank of America’s Future Is Digital, and It’s Now – Bloomberg
Bank of America Corp. likes to brag about its online and mobile banking capabilities.
Metro Bank Q3 earnings: what next for the share price? – IG
The challenger bank will release its Q3 results next week with it going through a particularly tough first six months of trading in a ‘transitional’ year for the high street lender.
FT investigation: Wirecard suspect accounting practices revealed – Financial Times
Welcome to Due Diligence, the FT’s daily deals briefing
Third of biggest banks fail to sign up to climate initiative – Financial Times
Task Force on Climate-related Financial Disclosures encourages companies to put a cost on risks from global warming
Deutsche Bank in strategy shift to address tech woes – Reuters
Deutsche Bank (DBKGn.DE) is creating a new technology division in a strategy shift designed to reduce complexity and lower costs while transforming systems that have held back the bank for years.
Bank/Fintech Partnerships: The Fad Is Over – Forbes
A Knowledge@Wharton article asserts: “As the finance industry grapples with what the next generation of banks and payment systems will look like, it’s clear that partnerships are a linchpin for riding the wave of change successfully.”
How open banking and bank APIs are boosting fintech growth – Business Insider
Fintechs are making waves in the finance services and banking industries, and open banking will be a key factor propelling them to the forefront.
Libra: will Facebook’s new currency be stopped in its tracks? – Guardian
Visa, Mastercard, PayPal and eBay have withdrawn as sponsors – and it may face regulatory problems Plans for Facebook’s proposed “stablecoin”, Libra, appear to be unravelling with the withdrawal of PayPal, Visa, Mastercard, Stripe, eBay and Mercado Pago as potential sponsors . This is hardly surprising, given growing awareness of
Post Office veto will save Barclays just £7m a year… as bank made £3.5bn profit in 2018 – Daily Mail
Barclays will save just £7million a year by blocking its customers from withdrawing cash from the Post Office, sources told The Mail on Sunday.
Facebook’s digital currency dealt another blow – BBC
Leaders of the G7 group of major world economies issue a warning about digital coins like Libra.