This week's main blog stories include ...
Amazon, Apple, Facebook, Google … Coinbase?
I was reflecting, which is dangerous. I was reflecting on my antipathy towards bitcoin as, like most bankers, it appeared to be a bit of a scam with no asset behind it. Then I woke up to what the libertarians have been saying to me …
Why I hate the term ’embedded’
OK, I’m a Victor Meldrew and have several pet hates. In particular, people who use corporate-speak … Source: Forbes In banking, there are two terms I hate: channel (and all of its derivatives like omnichannel and mulitchannel) and, more recently, embedded. Folks who regularly read the …
The insurance industry is broken, can InsurTech fix it?
I just rang my pension fund. I realised that I’ve paid £1000’s into the fund, but hadn’t had a statement recently. I also realised I couldn’t login online, as I’d forgotten the details. Once someone picked up the phone, which took a while, they took …
Smaller banks have the happiest customers
Following on from why startups will fail if they compete head-to-head with a bank, I got this headline the other day saying that smaller banks have the happiest customers. The latest analysis of feedback and complaints data conducted by consumer website Fairer Finance shows that big …
A billion excluded women is a disgrace
WARNING: THIS IS WOKE (whatever that is) We talk a lot about diversity and LBTG+ and equality, but it’s still a long way off. In fact, I get annoyed when I see online forms with gender and title choices designed for the last century. Why …
And the main news stories include (via Citadel Advantage):
Interesting to Know
- The global system for combatting financial crime is hugely expensive and largely ineffective
- Bernie Madoff - "It was inconceivable that he was a crook"
- Post-Pandemic Lessons for Risk Managers
- What are the most important Mobile Banking features?
- Ireland opens GDPR investigation into Facebook leak
Banks & Credit Unions
- Why Big Banks Can’t Keep Pace With India’s Mobile Payments Revolution
- The digital trends disrupting the banking industry in 2021
Fintech
- ‘Screen scraping is not evil’: Bankers, fintechs, aggregators face off
- Embedded Fintech Versus Embedded Finance: Jumpstarting New Product Innovation In Banks
- Kenyan fintech tech startup secures funding to regionally expand
- FinTechs Targeting Underserved Communities
Payments
- India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
- Consumer credit payment patterns shift during pandemic
Cybersecurity
- IRS is probing the dark web to look for cryptocurrency and NFT tax evasion, says IRS commissioner
- Your Customer’s Bank or Credit Card Details Are Being Sold On the Dark Web. What Can You Do to Stop It?
- Would You Buy a Non-fungible Token? You Should Know Exactly What It Is Your Buying (but You Can’t!)
- How marketing principles can be used to enhance cybersecurity training
- 15 Cybersecurity Pitfalls and Fixes for SMBs
Artificial Intelligence
- How AI and Machine Learning Are Helping In Cybersecurity?
- Why every website wants you to accept its cookies
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...
