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The Finanser’s Week: 7th March 2022 – 13th March 2022

This week’s main blog discussions included …

Financial sanctions: a reality check

Some friends were applauding Visa and MasterCard’s decision to throw Russia off their payments networks over the weekend. Both companies handle 90% of all debit and credit card payments outside of China – and their announcements will deal another significant blow to the Russian economy. It …

Dumbing down tokenisation

This BBC article … The remarkable items that have been used as currency … got me thinking about tokenisation. The article discusses the use of shells, specifically the seasnail shell called a cowrie, and how it became a global currency by around 1200BC. Although the …

Start with the way people behave, not how you design

Thinking about process redesign, I remember when the ATM was invented. I wasn’t there – I’m not that old – but I remember reading about the great debate they had as banks didn’t believe people would be able to remember a PIN. The BBC reports that …

Has the pandemic transformed banking to be digital forever?

Question: Has retail banking transformed to be digital forever? Answer: No. I’ve always said that banking can never be purely digital as it needs a human touch. It needs the ability to talk to someone as money is the second most important thing in our …

When digital is down

I watch the world through the lens of the network, and have noticed that China is leading the world with digital currencies. The digital yuan is ready for release in time for the winter Olympics and a CBDC is likely to be launched in China …

 

This week’s major news headlines included …

 

About 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...

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