The main blog discussions this week include ….
True innovation comes from collaboration
This week is a bit different on the blog as I’m going to introduce you to one of my other businesses: Nordic Future Innovation. Nordic Future Innovation (originally Nordic Finance Innovation) is a venture I started almost ten years ago with Iren Tranvag. We began in Oslo …
Financial advice augmented by AI (it’s called Responsive)
As mentioned, this week is a little different and, in the first of three interviews with entries in our Nordic Connection Festival during the summer, I interviewed Davyde Wachell, founder and CEO of Responsive AI … Tell me about Responsive and what you guys are …
Catching the launderers during onboarding (it’s Pliance)
In the second of this week’s interviews with firms who were winners of our Nordic Connection Festival, I spoke with Siam Choudhury, Co-founder and CEO of Pliance, an anti-money laundering solution. To begin with Siam, tell me a bit about what you guys get up …
Can we use finance to make Earth green? (Meniga interview)
The final interview with our Nordic Connection Festival companies is with the winner, Meniga (I was not a judge!). I spoke with Bragi Fjalldal, CMO & VP Business Development, about what the company is doing these days, particularly with sustainability. Tell me about Meniga. What …
Who needs management theories? Give me practicalities …
I remember someone made a comment at a conference a while ago, and it got a big laugh. An academic is someone who looks at something working in practice and wonders what it looks like in theory Hmmm. Does that mean: A practitioner is someone …
The FinTech Karaoke Challenge: Umbrella
Now I’m no Jay-Z and definitely a million miles from a Rihanna, but there is an old saying attributed to Mark Twain that “a banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins …
And the main news headlines are ….
Relief for City as EU extends bank access to London clearing houses - The Telegraph
Access to London’s €735 trillion financial derivatives market has been a key issue for European firms
UK banks sign Fintech Pledge - Finextra
Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms. Launched by Tech Nation with support from HM Treasury, the Fintech Pledge is designed to boost the sector
This time the insurance industry lost after reading the small print | Nils Pratley - Guardian
The FCA won a significant legal victory on insurance payouts to small firms hit by Covid-19 When can one say a notifiable disease has occurred within a “vicinity” if the whole country is in lockdown? For fans of dense legal disputes, the high court’s judgment in the big Covid-19 business
Citigroup to resume job cuts in bid to reduce costs - Financial Times
US bank faces higher expenditure on risk controls as regulators scrutinise its infrastructure
CREST problems return, Bank of England delays gilt buy-back - Reuters
The CREST financial markets settlement system, which sits at the heart of more than 1 trillion pounds’ ($1.29 trillion) worth of daily share and bond trades, suffered more technical problems on Monday, forcing the Bank of England to delay a gilt buy-back.
Lloyds to experiment with office changes - The Telegraph
Staff at Britain’s biggest high street bank will take part in a flexible working trial as the bank seeks to change its office use
Now banks are charging you interest on your savings - Daily Mail
Starling has become the first British bank to introduce negative interest rates for personal account customers, though only those who hold high balances in euros will be affected.
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...
