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Future

Who wants a Nanny Bank?

In the UK, we talk a lot about The Nanny State. There’s this idea that government can be too controlling and demanding, and treats us like children and they are our nanny guardian. It reminds me of this sketch from Tracey Ullman … Jacob Rees-Mogg in #traceybreaksthenews and #traceyullmanshow @bbccomedy pic.twitter.com/C7sKOjlLGl …

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Why I’m fed up with blockchain

I’m winding people up with blockchain this week. As I was doing that, a song came back to me on regular occasion. A song about Blockheads. I went back to the song and re-read the lyrics. It’s about Essex Boys back in the 1970s. Not quite the world of today, …

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The name is Cohen … Stephanie Cohen

There have been two major announcements of women as leaders of banks in the USA in the past month. First, Citibank announced that Jane Fraser would be the new CEO and then Goldman Sachs announced that Stephanie Cohen would head up their consumer and wealth management operations. I noted that …

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Banks cannot avoid politics

It shows what a complex world we live in within our financial markets. We debate whether companies should get involved in politics, but banks cannot avoid politics. Banks are integral to governments and economies and, as such, are a political tool. Equally, banks choose to operate in markets that could be …

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Are our payment systems irrelevant?

I bumped into this article on The Economist the other day, which postulates that the existing financial system could be replaced. SWIFT, VISA, MasterCard and other regional and national systems like BACS, CHAPS, CHIPS, Fedwire and such like, were all created in the 1970s or thereabouts. They’re fifty years old. …

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Does management theory work anymore?

After blogging the other day that big banks will never be replaced and they’re just playing a game of Pac-Man, I was watching this two-minute explainer of Michael Porter’s five forces from Harvard Business Review (a two-minute video):  The five forces are buyers (customers), suppliers, substitutes, new entrants and existing …

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Neobanks battle on the path to profitability

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 …

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