The main discussions on the blog this week include … Why old banks should be worried I had an interesting comment the other day from a friend who said that he had worked with incumbents and start-ups. The big difference is that the incumbent views digital as a cost-cutting exercise, …

I don’t know if you’ve noticed a new start-up called Column, but it’s worth watching as it’s a chartered bank in America created by the co-founder of Plaid, William Hockey, and his wife Anne. What’s Column all about? The problem the Hockeys are trying to solve is that fintechs and …

Life is swings and roundabouts … you win some, you lose some. Life is Sliding Doors moments … you look back and want to change things or wish you had taken that opportunity (Ed: it’s easy in hindsight). Life is what you make it … you cannot change the past …

Things we’re reading today include … Expat Bankers Fleeing Hong Kong See No Easy Escape to Singapore Appointment-only late afternoon banking at Santander Bank of England’s remit needs a fundamental rethink Bank of England Says Crypto Has Busted Its Budget in $419M Shortfall The World’s First Regulated Crypto Bank Braces …

Having spent the last decade saying that cryptocurrencies were rubbish (bankers) or the future (libertarians), I really enjoyed this new report from Thomson Reuters (which you can download for free here if you register). Therefore, thought I’d post the summary and tease you to clickthrough … SPECIAL REPORT: Cryptos on …

Things we’re reading today include … ‘Panicked’ Russians withdrew $9.8 bln in FX from banks in March Crypto: Bank CEOs address blockchain in earnings calls Which bank has the best business bank account? Microsoft Invests in B2B FinTech Startup Udaan Bank warns over impersonation fraud as cases soar by 300% …

New banks have great opportunities. They can fix all the things old banks do badly, using a clean sheet of paper. But sometimes they get it wrong. For example, many are fans of Monzo, one of the fastest growing UK challenger banks. I’m a fan, but have noticed one issue …

Things we’re reading today include: The forgotten £20bn: Fortune held in dormant bank accounts and given to charity if customers miss deadline Bank of America joins Wall Street’s profit rout with 12% drop The new sweatiest banks on Wall Street Swedish e-commerce bank Juni emerges out of beta with new …

I had an interesting comment the other day from a friend who said that he had worked with incumbents and start-ups. The big difference is that the incumbent views digital as a cost-cutting exercise, whilst the start-up sees it as a customer-enhancing opportunity. It rang a bell with me. Having …

Things we’re reading today include … Bank of England plans tough new rules on IT resilience, avoiding cloud “concentration risk” and data recovery Barclays: the bank the City has never forgiven Open Banking: EU v. USA Banks Hit by ‘Great Resignation’ of Top Tech Talent An inside look at a …

This week’s main blog discussions include … What if cancel culture leads to being financially cancelled? I saw an interesting letter in Metro the other day: A world where you can be financially cancelled A thought on what is described as ‘cancel culture’. Once all money is digital, the ability …

I saw an interesting letter in Metro the other day: A world where you can be financially cancelled A thought on what is described as ‘cancel culture’. Once all money is digital, the ability will exist to cancel people from buying or selling anything, just as they can be cancelled …

Things we’re reading today include … Fast-Moving FinTech Poses Challenge for Regulators BNP Paribas strengthens FinTech focus with Anthemis investment ABN Amro apologises for historical links to slavery European stocks close lower after U.S. inflation print; banking stocks fall; Deutsche Bank tanks 9% New York State pension fund urges bank …

I just spotted a spoof story on The Onion which, if you’re not aware, is a humour website of news stories. Their latest one: Study Finds Processing Power Wasted Mining Bitcoin Only Thing Preventing Sentient Computers From Wiping Out Humanity It made me laugh but, at the same time, made …

Things we’re reading today include … Meet Europe’s 19 most active fintech angel investors The top five technologies that will transform the Fintech sector Global Fintech Investment in 2021 The biggest challenges to getting a fintech startup off the ground The latest industry to suffer labour shortages: investment banking Central …