This week's main blog discussions include ...
Branches, cash and cards? Get out of here!
I’ve been presenting and writing about the end of branches, cash and cards for twenty years: 2007: Bank strategies are fundamentally flawed – design around IP, not branches To be clear, I’m not saying they’re dead. I’ve been saying their role is replaced by the …
Why do we need banks and branches?
For years, people have argued that you need branches to serve customers for more complex transactions: to serve people who are uncomfortable with digital access; to serve young people getting their first mortgage; to serve retailers and small businesses with their cash needs; and so …
The fine line between freedom and regulation
I haven’t blogged much about my friends from Hangzhou (China) lately, as it is all in a state of flux, but what I can say is that the will of the people – President Xi – appears to be strong. If you haven’t seen the …
It’s all just science ‘fiction’?
I watch too much online these days. Streaming from Amazon, Netflix, Apple TV and more, means you can spend the whole day just binge-watching rubbish. I’ve found myself reverting to watching some older movies, like those made in the 2000s. Fifteen years. 15 years. 15yrs. …
Anyone can be a bank … really?
Hmmm … the wonderful Anna Irrera posted an update on Reuters, stating that anyone can be a bank these days, along with her colleague Iain Withers. The article is about embedded finance, a term I dislike. I prefer invisible finance but hey, you win some, you …
This week's most notable headlines:
- JPMorgan Chase to replace US retail core banking system with Thought Machine's Vault
- JPMorgan Chase acquires college financial planning platform Frank
- FCA and Bank of England to deploy blockchain for regulatory reporting
- China's central bank says all cryptocurrency-related activities are illegal
And this week's top reads, according to Citadel Advantage, include:
- Banks Oppose Strict Basel Rules Targeting Cryptocurrencies
- Fed won't go it alone on CBDC
- EBA paves the way for tighter scrutiny of digital platforms
- Finance industry warns against 'unnecessarily restrictive' crypto capital rules
- The beguiling promise of decentralised finance
- US government ready to roll out the big guns against crypto ransomware payments
- Companies must develop operational plan for ransomware recovery
- After 400 attacks, feds warn of Conti ransomware
- There are new scams on mobile payment apps—and teens aren’t immune
- Deutsche Bank Explored Wells Fargo Custody Deal Before Fed Snub
- Credit Suisse charges investors to prop up Greensill Capital
- After years of being 'squeaky clean,' the Federal Reserve is surrounded by controversy
- U.S. cash payment kiosks rise despite digital age
- Corporate credit rebounds from record slump: Fitch
- Opinion | Do We Need to Shrink the Economy to Stop Climate Change?
- Record $15 Billion SPAC Merger Just Happened For A Technology You've Never Heard Of
- NY Fed vice president urges industry to move faster on Libor transition
- Funding for fintechs: patterns and drivers
- Recently reported Microsoft zero-day gaining popularity with attackers, Kaspersky says
- How buy now, pay later became a $100 billion industry
- In era of quick-fire bosses, Wall Street embraces the 'forever CEO'
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...