Digital Bank

Someone asked me about the other challenger and neobanks after yesterday’s blog. I guess we focus upon Monzo, Starling and Revolut, because they are the front-runners. But there’s also Aldermore, Atom, Tide, Tandem, Lintel, Metro, Monese, OakNorth, Zopa and more. Well, I don’t have enough time to write about all of them and I know…

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 that the coronavirus pandemic could impact the company as a going concern. Some argue this is just accounting and auditing speak to warn of…

So, the worst thing imaginable happened today. We had a power outage. I didn’t realise what that meant until it happened. I then realised that I was only maintaining my semblance of sanity during this lockdown thanks to having an oven, a laptop, the internet, power. When the power outage occurred, it suddenly dawned on…

During the summer we performed some extensive research, released today. Details below: Download the Survey Report and View the Video News Release The survey is available at no charge and can be downloaded by providing a few basic details about yourself. View the video news release as well.   Bank and FinTech Execs Report Strengthening…

I’m always ready to see both sides of the fence. In fact, I would rather see both sides of the fence than just my side. My side is biased and tainted by my senses and inputs. I realised that recently when I blogged about Hong Kong. There are always two sides to the story. I…

I blogged in April that banking is nothing to do with relationships, it’s about secrets. It’s more than this though, it’s about trust. Can I trust you with my secrets? This came home to me as, since then, a few people pulled me up over my whining about my bank. I’ve been whining about my…

A great headline posted in The Financial Times the other day:  When the banks closed in Wuhan, nobody cared The Financial Times article makes clear how advanced the Chinese economy is today. For several months this year, banks across Hubei province, an area home to 60 million people, shut their doors to retail customers. Most…

I stumbled across a great article about Brazilian neobanks the other day. Bearing in mind that Nubank is the most successful neobank in the world, with 25 million users at the start of June. As a result, when I saw a great article about banks in Brazil by Contexto, who cover FinTech LatAm, could I…

I’ve seen a few big deals signed this month to get banks onto the cloud, such as National Australia Bank (NAB) switching to Microsoft’s Azure, and Deutsche Bank moving to the Google Cloud. McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to anything between 40 and 90…

Years and years ago, I did a business process analysis for an insurance company. One of the people I met there and interviewed said: “We’ve bred a group of box tickers and button pushers” This was, in context, about their underwriters. They ticked boxes and pushed buttons. Their process was black and white: you’re either…