Grid

This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10. America’s banking regulations strangle innovations I was asked the question the other day as to why there is no new digital bank start-up in the USA … America’s regulations are …

Just to mop up the final discussions at the White House #FinTech summit, there was a fourth panel on financial inclusion.  This panel comprised, from left to right: Gayle Smith, Administrator, USAID; Jo Ann Barefoot, Senior Fellow, Mossovar-Rahmani Center for Business & Government, Harvard Kennedy School; Greta Bull, CEO, CGAP …

As you can tell, I found the White House meeting so interesting that I’m gonna bore you about it all week.  Today is the turn of how FinTech can make us live smarter, better and more informed lives.  That theme resonates as Moven’s strapline is to spend, save and live smarter (guess …

I’ve had a few meetings with folks at the White House over the past eighteen months, which has been an honour and not something I felt I should blog about.  The National Economic Council woke up to the FinTech world early last year and have been consulting with many in …

I received a very thoughtful response to last week’s blog (about Dodd-Frank being the issue with the USA seeing zero neobanks starting up) from two Nahum Goldmann and David Gerbino.   Nahum and I have corresponded for some time about banking matters and his email sparked various views in my mind.  Here’s his …

Our main stories of this week includes … Digital is all about the people I got caught up in a conversation about building a new digital bank the other day, and being asked how I would organise the project.  I’m a simple guy and go back to basics, and the basics are …

I got caught up in a conversation about building a new digital bank the other day, and being asked how I would organise the project.  I’m a simple guy and go back to basics, and the basics are people, process and product. People – customers and employees – are where …

I get all sorts of crappy press releases from public relations managers who are eager to see me prostitute my blog for them. Rarely would I post their stuff here unless it was seriously interesting or I feel very lazy or both. You can decide which category this fits into: …

Whilst almost 500 banks failed in the USA between 2008 and 2012, only three new banks opened. Only three new banks have opened in the United States since 2010.  Before the financial crisis, over 100 banks set up shop each year, on average, according to data from the Federal Deposit Insurance …

Not sure how many of you spotted the announcement last month that Goldman Sachs is launching a retail bank, but it’s been interesting to monitor such developments. First there was a raft of press reviews of the announcement: Goldman Sachs gets into retail banking Goldman Sachs Enters Retail Banking Market with GS Bank Here’s How Goldman …

Friday’s blog was all about bank innovation labs and structures. A serious and committed undertaking this time around, with many experimentations and proofs of concept taking place, especially around blockchain. Great. The thing is that as I walk into these hallowed places of bank sponsored creation, it feels like a very …

Our main stories of this week includes … Regulations, Innovations, Sandboxes and #RegTech So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more. I’ll blog about the bits I can in the next few days, and thought I’d start with an overview …

During one part of my recent conference activity, I asked the banks in the audience how they organised their innovation strategies.  All of them have one, is the good news.  All of them have different nuances of how they structure for innovation however.  The most common structure appears to be …

So I just attended a really interesting two day meeting that covered all things blockchain, regulations, innovation and more. I’ll blog about the bits I can in the next few days, and thought I’d start with an overview of the Financial Conduct Authority’s (FCA) Regulatory Sandbox and Project Innovate. The …

I’m being lazy this week and just posting other people’s reports, but only because they’re really interesting.  This is Boston Consulting Group’s latest analysis of what’s happening in retail banking.  The Financial Brand did a good summary of their report, and BCG summarize their findings as follows: Despite a tentative financial …