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The Finanser’s Week: 23rd December 2019 – 12th January 2020

The main blog headlines are …

Welcome to 2020: What’s new?

Welcome to 2020. It’s a new day. It’s a new year. It’s a new decade. And yes, I’m feeling good. 2020. This is a year all of us futurists have looked forward to for over two decades as, back in 2000, it became popular to …

2020 technologies – the year of SD-WAN, PIE and 5G

Start of a New Year and there are websites everywhere making predictions on everything from elections to economies. I used to write my own predictions but honestly cannot be bothered anymore when you have 1,000 other people doing it. Instead, I’ve hand-picked some of my …

The regulator’s focus for 2020

I was going to write stuff about this but The Financial Stability Board did it for me. Here’s where the regulator will focus in 2020: The Financial Stability Board (FSB) published its work programme for 2020. The FSB’s work priorities for 2020 reflect the evolving …

2020: a decade in technology

As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles. This year, the magazine has a great write up of forecasts for things that will happen in the 2020s by Tim Hulse. Here …

To 2020 … and beyond

Looking beyond 2020, there has been a rise of quite a number of folks looking to the longer-term future. Here’s the key ones I’ve picked up on so far. First is Royal Bank of Canada with their Imagine 2025 series. Quite an investment and lots …

 

And the top news headlines this week are …

Indigenous man and girl handcuffed for opening bank account – BBC
An indigenous man has told how he and his 12-year-old granddaughter were handcuffed as they tried to open a bank account in Vancouver, Canada.

Barclays £322m Qatar deal ‘could be seen as way to hide payments’ – Guardian
Ex-Barclays executive Roger Jenkins is accused of fraud over payments during credit crisis A former Barclays executive told a jury that the bank’s directors took a legal risk by signing off on a controversial side deal with Qatar that he helped craft, as it could be viewed as a way

Travelex customers ‘thousands of pounds out of pocket’ – BBC
The criminals behind the hack told the BBC they are demanding $6m (£4.6m)

The rise of the invisible bank – American Banker
Digital banking technologies — including artificial intelligence, analytics, personal financial management software, internet of things, voice banking, banking as a service and fintech innovation — are converging toward one end goal: invisible banking.

Singapore Digital Bank Licenses Draw 21 Applications – Bloomberg
Singapore received 21 applications from groups seeking one of the country’s new digital bank licenses, according to the nation’s financial regulator.

Few Bank Failures Could Be a Warning Sign for U.S. Financial System – Wall Street Journal
Hidden risks may be masked by a strong economy, some analysts say … The industry is highly profitable, lending is up and the number of problem institutions—those found to have deficiencies in their businesses

Digital Banking Have You Befuddled? – Forbes
Many bankers think if they have a mobile offering they have done digital. The banking model is built for physical distribution — we’re going to digital distribution

Top bosses earn annual wage of average worker by end of today – The Telegraph

Ex-Barclays banker says group ‘wrestled’ with Qatari fee options – Financial Times
‘I’m clearly not that clever,’ Roger Jenkins tells court

Cost of dying at record high as price of UK funeral exceeds £4,400 – Guardian
Regulator investigating market after it found costs have risen 6% a year over past 14 years The average cost of a UK funeral has jumped to an all-time high of £4,417, raising fresh accusations of excessive price charging at a time when customers are at their most vulnerable. The annual

 

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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