Why ICBC didn’t buy Citibank
Good friend of the FSClub Emmanuel Daniel joined us this week to talk, about the future of banking and the rising influence of Asian banks, especially those from China and India. Emmanuel Daniel is the founder of The Asian Banker, a leading provider of strategic business intelligence on the financial services industry for the Asia…
Ending the never-ending bonus war
Solving the bonus questions I’m fed up with the argument about bonuses and cannot believe it still rumbles on after a year of debate and G20 meetings. With Barclays announcing record profits last week, and therefore increased bonuses, the media latched onto this angle more than the fact that Barclays, UBS, Goldman Sachs and others…
Davos: the Future of the Global Financial System
Just found a report from this year’s Davos that explores the forces that are shaping the future of the financial services landscape in the near term, and provides tools to approach the most pressing challenges of the post-crisis world, namely: managing and resolving governments’ newly acquired equity interests in financial institutions and restoring trust in…
Eye, eye – the future of customer identity?
After the news of a banker’s offspring trying to blow up a flight on Christmas Eve by hiding explosive materials in his underpants, we wonder how such individuals get away with such acts. Can’t we monitor them better? Is there no way to identify the honest person from the dishonest from the outright terrorist? This…
You might miss this regulation, but don’t
With so much hullabaloo about banker's bonus taxes, taxes on liabilities, a return to narrow banking, the closure of leveraged prop trading, bankers versus Obama, Sarkozy and Davos, you might miss a few key changes in emphasis. For example, the bankers view as demonstrated by Bob Diamond's comments yesterday: 'World leaders may find it increasingly…
Twitter’s Jack Dorsey reinvents US card payments
Everyone's getting real excited about Jack Dorsey, the co-founder of Twitter, and his new payments application for the iPhone called Square. If you haven't seen it, here it is: In a lengthy interview with Pymnts.com, Dorsey says: "We can provide a lot of things that I think have been missing in payments – specifically like…
This year’s big thing: Augmented Reality
I’ve been noticing more and more apps for providing information about our environment. Known as augmented reality – rather than artificial reality where you go into a completely fictitious world – the use of such services is increasing rapidly. A good example is the SkyMap app on the Google Android mobile: Simply holding up your mobile to the night…