This week's main blog discussions include ...
Is there a good way to shut a customer down?
My mate Dave Birch wrote a Forbes piece the other day titled Unbank the Banked. I thought it was going to be a story about how banks are ejecting thousands of customers due to poor onboarding. Instead Dave wrote about the unbanked don’t necessarily need …
Why didn’t Google Plex its’ muscles?
A year ago, Google announced a compelling new offer: “You’re lagging in technology. Your current vendors are years behind. Consumers think you’re irrelevant. We’re hip, we’re cool, we have all the latest technologies, Now, they’ve dumped it. Why? Most reports point to internal trouble and strife. For example, Ars …
What has Open Banking ever done for us?
Talking of Open Banking, I hosted a dinner focused upon Open Banking and Banking-as-a-Service (BaaS) in London the other night. The conversation was with neobanks and challengers and was an interesting mix of old and young views. For example, someone opened by saying that BaaS and …
Better call Saule … Biden’s choice for the OCC creates a stir
I’ve been watching the headlines related to Joe Biden’s pick for the head of the Office of the Comptroller of the Currency (OCC). OCC is an interesting department, as it can issue national bank charters for US banks, and often runs into trouble. By way …
The future ain’t what it used to be …
I’ve recently shared a couple of quotes from years ago that gained a lot of social media traction. First, in 1953, Mark R. Sullivan of Pacific Telephone & Telegraph said: “In its final development, the telephone will be carried about by the individual, perhaps as …
This week's main headlines include:
- Digital bank fined by regulator due to weak anti-money laundering controls
- How AI is transforming the world of finance
- Microsoft rolls out financial services cloud
- Over 100,000 banking jobs to disappear in next five years - Wells Fargo Report
- US Bank rolls out cryptocurrency custody service
- UK app-only bank Monzo withdraws U.S. banking license application
- Top 50 Early-Stage Insurtechs in Europe
- Card critics call for credit routing scrutiny
- Visa Unveils UPC for Blockchain
- Google abandons plans to offer Plex checking accounts
- JPMorgan stiffens vaccination policy
- What would persuade bank holdouts to share customer data?
- BIS GM issues Facebook stablecoin warning
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...
