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Digital Bank

Digital is not the same

I’m a Simple guy (?), but realised the other day that the consultants, research firms and technology behemoths do a great job of dressing up old ideas in new clothes. This hit home when I was reading the IT priorities for CFOs in 2021 by Gartner. Gartner’s survey asked finance …

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Money is not about jars and pots

I saw this tweet the other day Finally set up @IFTTT and every time I like your tweet 25p goes into my ‘treat yourself’ Monzo pot and yes that means I just monetised us *both* but dammit let me live!!!! — Liz Ward 🇰🇳🇮🇪🌹 (@LizMaryWard) January 4, 2021 And it …

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What’s going on with Crypto?

A year ago, I invested $1,000 in bitcoin. Today, that’s worth $10,000. OK, I made those figures up. I actually invested and have invested and keep investing in bitcoin and, more importantly, ether – the currency of Ethereum – in which I have more confidence for the future. I don’t …

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The outlook for banking in 2021

There are lots and lots and lots of reports and predictions for 2021 in banking. The one I liked the best is the report from Standard & Poor’s (S&P, see end of blog) about the impact of the crisis in 2020 and the outlook for banking in 2021. It’s a …

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It’s not all about you

I was struck by a comment made on LinkedIn that most media miss what’s going on in the rest of the world. In this case, it was a comment about Starling Bank getting plaudits for being the first challenger to be profitable. What it should have said is the first challenger …

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It’s all about the money, money, money

The lockdown pandemic has been interesting from a financial markets’ perspective. First, people withdrew as much cash as they could, worrying that things would be bad, and cash was king. It wasn’t. They didn’t need the cash. They didn’t spend it. In fact, I was particularly struck by this chart …

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Could machines be human?

It’s 2020 and, since I was born in 19-whenever it was, I cannot think of a more challenging year. We are being forced to isolate, stay indoors, go nowhere and stay well. As I’ve blogged a few times, that’s good news for digital but bad news for humanity. I think …

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What do customers think?

I don’t usually cover press releases as they bore me, but this one caught my attention: Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report   Groundbreaking report by The Economist Intelligence Unit uses machine-learning to analyse over 10 …

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