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Digital Bank

Developers are the new bankers

There was a good report the other day from Wells Fargo. The headlines: Banks spend $200 billion a year on technology, more than any other industry 100,000 banking jobs will disappear through automation in the next five years Most will be the low-paid roles in the bank that provide administration …

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Is ethical banking a thing?

I just stumbled across a great article about ethical banking. We can call it socially useful banking or green banking or whatever, but it’s all about a bank’s role in society and the scheme of things. Are banks doing the right or wong things? My gut feeling is that banks …

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Can regulations make data work?

I was reflecting on the fact that we work in our silo. Our silo is banking or FinTech or InsurTech or WealthTech or RegTech or whatever. What about HealthTech, FarmTech, PharmaTech, GovTech and all the other industries digitalising? What about if we linked them all together? That’s what future trends …

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What has Open Banking ever done for us?

Talking of Open Banking, I hosted a dinner focused upon Open Banking and Banking-as-a-Service (BaaS) in London the other night. The conversation was with neobanks and challengers and was an interesting mix of old and young views. For example, someone opened by saying that BaaS and Open Banking has hardly delivered …

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Why didn’t Google Plex its’ muscles?

A year ago, Google announced a compelling new offer: “You’re lagging in technology. Your current vendors are years behind. Consumers think you’re irrelevant. We’re hip, we’re cool, we have all the latest technologies, Now, they’ve dumped it. Why? Most reports point to internal trouble and strife. For example, Ars Technica cited a report in Business …

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Anyone can be a bank … really?

Hmmm … the wonderful Anna Irrera posted an update on Reuters, stating that anyone can be a bank these days, along with her colleague Iain Withers. The article is about embedded finance, a term I dislike. I prefer invisible finance but hey, you win some, you lose some. The article notes …

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I ran over the dog

I didn’t think I should share this, but I will. I ran over the dog. Like many other people during the pandemic, we were finally going to be stuck at home long enough to get a puppy. So, we got one. It made me realise that I’m a cat person. …

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Banks are creating their own successors

One of the things over-looked by many is how banks invest in the Finverse. According to Toptal’s data, 63% of banks invest in startups or set up accelerators, and many are instrumental in FinTech companies’ operations, fund raising and IPOs. Bear in mind that start-ups need bank accounts too, which …

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