The main blog discussions this week include …
Omniaccess is the strategic imperative for the 2020s
During the summer and autumn of 2020, I ran an online survey of banks and FinTech firms around their view of physical versus digital access to banking. Obviously, in 2020, digital access to accounts has come to the fore but what was interesting is that …
Four free reports on the post-pandemic world for banks
I stumbled across a bunch of interesting reports this week, so thought it worth sharing them First, from Deloitte. Admittedly, it’s from October 2020, but it is useful as it tracks the state of digital banking post-COVID19. There are also some interesting charts, so let’s …
Banks must personalise services before others do
It strikes to my digital nerve when I see forms that ask for a FAX number. What’s a FAX? Or someone said the other day that I should Xerox that. What’s Xerox? Watching a movie. Investigator is checking paperwork at a hotel and the guy …
The world is good, bad and mad
Like all of us, I’m fed up with coronavirus coverage and Groundhog Day days. I talk to other folks, they feel the same. Then I realise it’s not a World War. I’m not worried about losing my life. I’m not going to take risks and …
Jamie Dimon is scared sh*tless of FinTech
It’s a big moment when one of the most respected bankers in the world Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase which is one of the most highly valued banks in the world, says that he is “scared shitless” of FinTech. This is …
And the main news headlines are ….
Tom Blomfield leaves Monzo - Techcrunch
Monzo founder Tom Blomfield is departing the U.K. challenger bank entirely at the end of the month, staff were informed earlier today.
A Deutsche Bank board member advised Wirecard's former CEO to 'finish' the Financial Times - Business Insider
Wirecard's former CEO Markus Braun was advised by a Deutsche Bank board member to "finish" the Financial Times for its critique over the German payment firm's accounts.
Goldman chief executive says Spac boom is unsustainable - Financial Times
David Solomon issues warning after financing tool is used to raise nearly $79bn from investors last year
Is bitcoin a scam? – podcast - Guardian
In 2013 James Howells threw out a computer hard drive containing bitcoin. Last week he again asked his local council for permission to dig for it at his local dump as he believes it is now worth about £200m. The Guardian’s UK technology editor, Alex Hern, looks at the rise
Goldman And BofA Earnings: A Tale Of Two Banks (And Digital Strategies) - PYMNTS
Bank of America and Goldman Sachs are slated to post fourth-quarter results that day, and we’re likely to see some of the same observations and actions that have marked other financial institutions’ earnings. That would include releasing reserves that had been taken to cover anticipated loan losses. Lofty revenues gleaned from Wall Street trading. Questions over credit quality. Digital initiatives too, of course.
Bad luck dogs Xinja Bank's Dubai agent - Australian Financial Review
Scratch below the surface of the forced closure of Xinja Bank and you will come across a man whose 40-year career in venture capital, angel investing and funds management has been dogged by failures.
Financial services have been badly let down by Brexit - Financial Times
The needs of a sector central to the UK’s competitiveness have been overlooked by the government
Bitcoin: Imagining A Central Bank Buy In - Forbes
Bitcoin has become a mainstream Wall Street investment now. It’s on every investor’s radar. So like any other investment, you have to wonder: what can the government do to screw it up, or make it a buy?
10 Key Features to Look for in a Bank - Motley Fool
The Ascent's recent study asked customers what's most important to them. Here are the top 10 perks they came up with. Here are the Top 10 ...
Shock Brexit charges are hurting us, say small British businesses - Guardian
Levies to cover the increase in red tape, VAT and customs declarations are hitting trade to the European Union Government ministers describe the post-Brexit headaches that British exporters have suffered since 1 January as mere “teething problems” . But Alex Paul, who jointly runs a successful family business that features
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...
