Home / Blog Index / The Finanser’s Week: 18th November – 24th November 2019

The Finanser’s Week: 18th November – 24th November 2019

The main blog headlines are …

What would you rather talk about: sex, religion, politics or money?

My blog often seems to return to the subject of sex, whether it be sexism or basic sex. It is for the reason that money and rumpy-pumpy are the twin engines powering everything we do, as Jeremy Clarkson so succinctly put it. However, today I’m …

Regulators: damned if they do and damned if they don’t

I was running a fun panel on regulation this week. That kind of sounds like a lie – whatever can be fun about regulation – but hey, it was. I often reflect on the fact that regulators run with their eyes in the rear-view mirror. …

Relationships are hard, so how do Fin and Tech get on?

I just spent a few days in bars and restaurants in a place where everyone lives underground. It’s called Toronto. A place so cold that even Olaf from Frozen has migrated South. Anyways, sitting in a bar, I was privileged to hear this exchange between …

Google, Facebook, Amazon and Co are NOT offering banking, so stop saying they are

In the last month, there’s been a wave of announcements from Facebook, Apple, Google and Amazon about banking. We’ve seen Facebook’s major activities in trying to create a digital currency called Libra, and Apple’s move into finance with a credit card from Goldman Sachs which, …

The future of money according to the Swiss (shhh, it’s not bitcoin)

I just saw an interesting report produced and released by SIX Group that talks about the future of money.  SIX Group run payments and settlement processing out of Switzerland and, unsurprisingly, their view is that the most likely future is that there will be digital …

 

And the top news headlines this week are …

Big Tech takes aim at the low-profit retail-banking industry – Economist
Silicon Valley giants are after your data, not your money

Ten arrested in London on suspicion of laundering £15m – Guardian
Cash, drugs and luxury cars were seized after a series of raids on Wednesday Ten suspected members of an organised crime group have been arrested on suspicion of flying an estimated £15.5m out of the UK to Dubai hidden in suitcases. The National Crime Agency, whose officers made the arrests

Could Metro Bank go bust? – The Motley Fool
With so much news-driven share price movement for your average stock these days, it is often easy to overlook the base financials of a company. To the uninitiated, a company’s financial report can be intimidating …

Terabytes of data leaked from an oligarch-friendly offshore bank – Boing Boing
The Distributed Denial of Secrets Twitter account has published links to terabytes of data identified as raw data from the Cayman National Bank and Trust.

TSB lacked common sense before IT meltdown, says report – BBC
Some customers were left without online banking access for several weeks after the problems last year.

How To Succeed As A Challenger Bank – Forbes
Challenger banks, neobanks–or whatever you want to call these fintech startups–face a number of challenges themselves: (1) Consumers don’t want a bank just because it doesn’t have branches. (2) The digital user experience at banks …

‘Why economists get things wrong’ – BBC
Economists seek to explain our world but they often get things wrong, argue two Nobel prize winners.

Jayne-Anne Gadhia: ‘People joke I have a way with bearded billionaires’ – The Guardian
Former Virgin Money CEO on her new role at software giant Salesforce, founded by Marc Benioff Even in London, it’s not every day you meet someone who can claim to have a bearded billionaire on speed dial. Dame Jayne-Anne Gadhia may well have two. For more than 20 years, she

Google wants to launch bank accounts. Here’s why you don’t want to be a customer – The Telegraph
Your bank account is valuable. Not just for the balance you hold at any given moment, but for the data that shows where and when you spend your hard-earned cash.

The best and worst banks for online security – Which?
The latest banking investigation from Which? reveals the best and worst banks for online security, exposing those lagging behind the rest of the industry.

 

About Chris M Skinner

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...

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