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Shaping the future of finance

Innovation

Who is the biggest threat to banking as we know it?

There’s a headline in yesterday’s Financial Times: PayPal poses bigger threat to UK lenders than ‘challenger’ banks. The article covers research published by lawfirm Pinsent Masons who used YouGov to survey 2,000 consumers on their views about banking and providers.  Headlines from the survey include: Online payment providers – such as PayPal and WePay – are…

Who is the biggest threat to banking as we know it?

There’s a headline in yesterday’s Financial Times: PayPal poses bigger threat to UK lenders than ‘challenger’ banks. The article covers research published by lawfirm Pinsent Masons who used YouGov to survey 2,000 consumers on their views about banking and providers.  Headlines from the survey include: Online payment providers – such as PayPal and WePay – are…

Apple Pay will be the mobile wallet of choice and here’s why

So Apple Pay finally launched in the USA on October 20 and there’s been mixed reviews.  Some people couldn’t make payments, whilst some found they were double-charged.  However, these are just teething issues and the overwhelming reports are positive.  Even former Apple CEO and Financial Services Club keynote speaker John Sculley: I think Apple Pay…

Stipe

Card companies are more social than banks

I often talk about how our work-life balance has disappeared and that we now have just a tech-life balance.  Social and professional have merged.  What was personal is now shared, and things that would usually be private are now public. This is clear from the way we seamlessly move between our social and professional lives…

Card companies are more social than banks

I often talk about how our work-life balance has disappeared and that we now have just a tech-life balance.  Social and professional have merged.  What was personal is now shared, and things that would usually be private are now public. This is clear from the way we seamlessly move between our social and professional lives…

Dare to dream and be unashamed by failure … in banking?

In Boston I was honoured to be invited to deliver the keynote to my law firm sponsors, Goodwin Procter, at their third annual banking symposium.  The audience comprised mainly community banks from the North East of the USA, and the discussions comprised panels debating the key issues we all deal with every day: regulation, innovation…

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Dare to dream and be unashamed by failure … in banking?

In Boston I was honoured to be invited to deliver the keynote to my law firm sponsors, Goodwin Procter, at their third annual banking symposium.  The audience comprised mainly community banks from the North East of the USA, and the discussions comprised panels debating the key issues we all deal with every day: regulation, innovation…

Rsz_whitney_johnson_0181

Wrappers, replacers and reformers are all targeting banks

I’ve been talking about the hot new start-ups targeting the banking markets for a while.  There are literally 1000’s of them – the Fintech Awards had over 750 firms to review this year alone – and sifting the wheat from the chaff is hard.  There are a few standouts however, and these are the ones…

P2P lenders

Mobile, tablet, digital, wearable … what’s next?

Everyone’s getting excited about wearable banking.  I’m often asked about it, and also see many examples appearing around such themes. The first was Banco Sabadell offering a Google Glass banking app a year ago.  In response, one of Sabadell’s Spanish bank competitors, Caixa, has gone a step further and launched both Glass and Watch apps . …

Fintechs are attacking all bank services, not just retail banking

Someone was attacking the premise of digital bank change the other day, by claiming it only refers to consumer banking.  Nothing is changing in corporate or investment banking, they claimed. Wrong. All areas of financial processes, products and services are being attacked by some new start-up company somewhere.  I realise this every day when I…

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