The Finanser’s Week: 7th June 2021- 13th June 2021

This week's main blogs include:

Should banks have more technologists than Microsoft?

I saw an interesting article about the Head of Technology at a major bank, let’s call it ABC Bank for the purposes of my column, and the article began by saying that this guy “commands a budget of $10 billion and a team of 40,000 technologists.” $10 …

Rebel with a cause

I’ve grown up angry. Angry with the system, angry with the world, angry with the way things work, angry with me. Not great, huh? I need some anger management. I meet people who are laid back, who are relaxed, who are chilled. That’s not me. …

What does cashless really mean?

As we move from cash to cashless, turbo-charged by the pandemic, there is a fundamental challenge to ATM providers like NCR and Diebold Nixdorf. I had this view back in the 1990s. It’s just taken a quarter of a century to become a reality. In …

Can machines replace humans?

Yet another day of reflections – too many of those lately – and thinking about generations. My parents were war parents, living through the Second World War; their parents were people growing up in Edwardian Britain as a carpenter and housewife. Things were different. I …

If you woke up without a goal, go back to sleep

When I was growing up, my parents drilled into me a number of key reasons to live: get a good job, build wealth, buy a house, get married and have kids. They also made it clear I should not cheat – should not cheat on …

 

This week’s main headlines include (via Citadel Advantage):

• Consumer spending changes likely to stick, Visa says
• SCOTUS limits scope of computer fraud law. Here's the business impact
• 4 questions to ask after discovering a cyberattack
• Second Circuit overturns challenge to OCC fintech charter
• Tech experts discuss the three-year anniversary of GDPR
• Banks Don’t Have To Innovate
• What to consider before paying a ransom
• Clear Junction: The Payments Revolution Starts with 5G
• Fujifilm refuses to pay ransomware demand, relies on backups
• Bad actors hide in everyday IT tools, complicating detection
• 'Super-apps' are the next evolutionary step for financial services
• Billions of passwords leaked online from past data breaches
• 'Super-apps' are the next evolutionary step for financial services
• JBS paid hackers $11M ransom to avoid further disruption
• Basel suggests strictest risk weighting for crypto