Chris Skinner's blog Shaping the future of finance
The main blog headlines are …
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 …
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 …
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
