When I was growing up with learning management skills, one of those I focused upon was marketing and Kotler’s 4 P’s. If you’re not familiar it’s all about product, price, promotion and place. It’s something easy to remember, but then most folks are hard pushed to remember more than three …

Things we’re reading today include … China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave Warning over six apps that can access your bank account Monzo to introduce new fees for UK cash withdrawals and card replacements Nobody Wants An Online Bank Re-Examining The Role Of Correspondent Banking …

Regular commentator and contributor Ajit Tripathi wrote a brilliant piece the other day, discussing the path to profitability for neobanks. He’s kindly allowed to share his insights here, so enjoy! Neobanks have Jobs to Be Done Abstract: Covid19 has changed the capital and market environment for neobanks and challenged the strategic assumptions …

Things we’re reading today include … Credit Suisse to set up bank hub in Madrid post-Brexit UK banks convert branches to avoid restaffing big offices Health concerns swirl around Europe’s obese and addicted banks Bank of America Meshes Merrill Into Its Mobile App BDO Unibank: Proving That Digitalisation Is The …

During my karaoke lockdown challenge, I’ve been surprised how engaged my audience is, from those who encouraged me to do JaJa Ding Dong to a trans-Atlantic duet with Barb MacLean of Islands in the Stream. However, I’ve never been as challenged as I was this week. I got an email …

The Bank of International Settlements (BIS) came out with another white paper last week (read the previous one on the rise of central bank digital currencies here). This one focused upon: Regulating fintech financing: digital banks and fintech platforms Interesting stuff. Here’s the executive summary: This paper explores how fintech …

Things we’re reading today include … Santander hit by online banking outage ahead of holiday weekend ‘Stupid’ Lloyds Bank customer adviser sold over 80 account details for £50 each Banking class of 2020 start their lucrative careers in the bedroom Bank of England to stay in emergency mode until recovery …

This week continued the focus upon the challenges for challengers: [Monzo + Starling + Revolut] – Pandemic = The End? Over the past week or two, the neobank and challenger bank sector has been issuing financial reports. If you haven’t noticed: WHERE WERE YOU? Monzo got a particular hammering for …

WARNING: LONG READ During the last week, I had a chat with a friend about lockdown. I always start conversations with how’s lockdown been for you? For him, it’s been particularly bad. Based in downtown New York City (NYC), USA, he described how hordes of homeless people, evicted by landlords, …

Things we’re reading today include … Bank of England governor Andrew Bailey’s speech at Jackson Hole in focus for Friday Trump Candidate for Bank Wants to Counter China Influence 2020 bank service results show mixed performance since summer last year Citi’s $900m payment blunder was culmination of months of drama …

As someone who’s followed Alibaba, Alipay and Ant Financial – now Ant Group, btw – for a long time, I cannot let their IPO appear without comment. If you haven’t spotted it, here’s coverage in The Wall Street Journal: Ant Group Co., the Chinese financial-technology giant controlled by billionaire Jack …

Things we’re reading today include … Mike Pompeo renews attack on HSBC over Hong Kong and China Davos 2021 delayed until summer because of Covid-19 The transformation of Ant Financial Investment banks in line for bumper payday from Ant IPO UK’s biggest subprime lender reports smaller loss than feared Ant …

I’m going to shut up about challenger banks soon, but noted that even the regulator is getting worried about them. After Monzo’s admittance that it may not continue as a going concern if the pandemic continues through 2021, N26 admitting that profit is not their focus, Revolut’s tripling of losses, …

Things we’re reading today include … U.S. bank profits down 70% from year prior on coronavirus uncertainty Global bank to make working from home permanent Credit Suisse to shut 37 bank branches in Switzerland Financial firms ‘must do more’ amid coronavirus complaints Ant Group: Jack the giant-maker Jack Ma’s mobile …

I realise I come across sometimes as a bit whiny, crotchety and grumpy, so decided to upgrade the dialogue with what is positive and what can be done. After critiquing all last week, I do like the challenger banks’ ways of providing more analytics and real-time updates to my way …