Grid

I was thinking about this article in The Telegraph saying what a rotten job supermarkets have made of competing with banks. Tesco sold its mortgage book to Lloyds two years ago owing to “challenging market conditions” and is now closing all personal current accounts. Marks & Spencer this year decided to close all of its bank…

As it’s COP26 time, I’m delighted to have a column from Jeff Scott, a co-founder of rewired.earth. Will COP26 change anything? I have said a lot about ESG recently and there’s a whole lot more about to swamp the media as COP26 began on Sunday for a 2-week jamboree. The question is, will it make…

The blog’s main discussions this week included: COP26: what’s going on? The United Nations Climate Change Conference (COP26) takes place in Glasgow from 31 October – 12 November 2021. Triodos Bank have selected five key events they feel worth attending so, here they are: ‘Finance Day’ – Wednesday 3 November For the first time the COP has…

The United Nations Climate Change Conference (COP26) takes place in Glasgow from 31 October – 12 November 2021. Triodos Bank have selected five key events they feel worth attending so, here they are: ‘Finance Day’ – Wednesday 3 November For the first time the COP has an official day of negotiations dedicated to the role of finance…

I’ve been involved in an exciting group that is sending a letter to Prince Charles and the World Economic Forum calling for a Global Citizens Assembly. It’s a call to action for COP26 and I was tempted to write all about it … but was beaten to the game by a fellow campaign supporter Bob…

I’ve blogged a bit about the Finverse – where the metaverse and crypto come together – and was reading Jemima Kelly’s column on the FT about the Metaverse and crypto. She states: As far as I’m concerned, the hypocritical fantasy that underpins crypto also lies at the heart of the metaverse. This isn’t about building…

McKinsey estimate that payment processing will generate $2.6 trillion a year in fees by 2025, which raises this stream to 40% of a banks overall revenues. Whoopy-doo! But why are they forecasting banks have these revenues? I searched the article, and maybe my search missed something, but I didn’t see FinTech mentioned once, and yet FinTech…

Four years ago, I was using this slide in my presentations. As I blogged at the time: “Those who recognise that banks are doing 1000 things average, will naturally come together to do 1000 things brilliantly.” The idea was that FinTech start-ups would start to align with each other to create global platforms. The first…

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 services 1 in 5 workers…

This headline struck me: Barclays Bank branch to shut as only 15 people use it regularly Reading the report, Barclays spokesperson is quoted as saying that “85% of customers at the branch are using alternative ways in which to undertake their banking, including via the telephone, online and mobile app” and that, “in total, [only]…