This week's blog discussions included ...
What has the government ever done for us?
It made me smile when watching Billions during an exchange between Chuck Rhoades (the Attorney General) and a bitcoin miner in Episode 1 of Series 5 (nerdy). Bitcoin miner: "What's the dollar backed by, since we went off the gold standard?" Legislator: "Roads, the military, industry, the credit of the federal government, that sort of…
What has McKinsey ever done for us?
I read a lot about consultancies and how they screw their clients and screw them up too. Really? If this is true, why would you hire a consultant? Answer: to blame someone externally if things go wrong internally.
Make My Money Matter – the pressure increases on banks
I’ve been subscribed to Make My Money Matter for a while. It’s a movement started by Comic Relief co-founder Richard Curtis – he of Four Weddings and a Funeral fame – and is trying to put pressure on pension funds to influence financial institutions to only invest in things that protect our future, as in…
The measure of success in everything today is … data enrichment
I’ve said that my old bank is deficient for some time. Specifically, no alerts of transactions so I have to open the app to see when something is paid; no detail of transactions, just something like ABC CORP TX 3201984 on my statement; zero detail about where I’m spending money, just a date and a…
FSB says stablecoins are unstable
The Financial Stability Board (FSB) are getting more and more active about stablecoins and crypto assets. In a letter to G20 ministers published yesterday, FSB Chair Klaas Knot Many said that many existing stablecoins would not meet the “high-level” recommendations to be set by global standard setters like the FSB.
Supervisors show their lack of depth in digital
Last week the European Central Bank issued a report on the state of digital transformation across European banks, and announced that they were not only interested in this space but would be supervising it. Yay!
Zelle might be big (in America at least) but could our Quizmaster Rik become an even bigger sensation as his singing streak continues with Japanese Whiskey lubricated lungs? We also got a brief lesson on how to assess the future success of any new technology from The Other Guy and The Wise Guy shared his…
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...
