The Finanser’s Week: 10th May 2021- 16th May 2021

This week's main blog headlines include:

Is new banking ten times (10x) better?

Investment banking, Corporate banking, Commercial banking, Private banking and Retail banking are all very different. Too often, commentators just talk about ‘banking’. It’s not all the same. In fact, an awful lot of retail banking is propped up by investment and commercial banking. That’s where …

Are Monzo’s growing pains, major pains?

Building on yesterday’s blog where I mentioned Monzo’s issues of client onboarding, I mentioned that, for the past few months, I’ve noticed many tweets from Monzo customers about accounts being closed suddenly, with no explanation. Each time, I’ve shared the information and copied Monzo and …

Greenwashing the system: which banks are worst?

Worried I’m becoming a tree-hugger as this blog seems to return to how banks put profits before people more and more often. Nevertheless, here are the facts: Banks have invested $3.8 trillion into fossil fuels since the Paris Agreement came into force on 4 November …

Value is purely what you believe in

I am taken aback by the rise of ETH, BTC, DOGE and other currencies. What’s going on? Well, some of it is related to hype, notably Elon Musk; some to loss of confidence in fiat currencies, as governments failed during the crisis; some is related …

Prayers for India … but my bank let me down

My bank shocks me. I know what’s going on, but even then, they still shock me. What’s going on? My bank depended upon offshore services for customer services. Those offshore services were based in India. India locked-down with four hours notice and, as you may …

The week's main news headlines inlcude (via Citadel Advantage):

• A future with fewer banks
• How fintech will eat into banks’ business
• Google Pay launches P2P cross-border payments
• Revlon says it has replaced Citi as agent on revolver loan
• Colonial Pipeline disconnects OT systems to silo ransomware IT threat
• Researchers say they've uncovered a massive Facebook bot farm from the 2020 rlection
• Lessons from a Bank Chief Transformation Officer
• Cybersecurity Fosters Competitive Advantage - Security Boulevard
• Artificial Intelligence is the Most Disruptive Technology of the Century
• The Best Malware Removal and Protection Software for 2021
• Cybersecurity: These two basic flaws make it easy for hackers to break into your systems
• How to Accept WhatsApp's New Policy Manually
• BABB Is Building a Mobile Bank on Blockchain Tech — But Sticking With Fiat
• McDonald's Workers Will Strike for $15 an Hour in 15 Cities
• The digital currencies that matter
• 'We cannot stay still': Inside Green Dot's path to BaaS growth
• Traditional banks mirror challengers with new digital offerings
• Pandemic altered consumers' payment patterns; US lags globally in contactless, study finds
• Traditional banks mirror challengers with new digital offerings
• LendingClub Teams With FinTron On Mobile Banking