Payments

Two statistical releases came out today that make an interesting story. First, children are "more savvy" about finances than their parents were, with the pocket money of kids tagged at £6.32 (about $10) weekly … seems a very exact number but it is an average.  Not surprisingly children are very with it when it comes…

I was invited to Ireland this week to join a debate at the University College Cork's Philosophical Debating Society.  The Debate was entitled: This House Believes That We Should Let Banks Go To the Wall, as in banks should die if they are failing. This is well illustrated by the poster advertising the debate: Viva…

The next meeting of the FSClub in Ireland is on 25th February, and will focus upon how Europe's infrastructural changes impact the Irish economy and banks. Reviewing the situation will be Mr. Gilbert Lichter, Secretary General of the Euro Banking Association (EBA) and Pat Mc Loughlin, Chief Executive of the Irish Payments Services Organisation (IPSO)….

I've just uploaded my latest presentation on Banking as a Service, which was presented for the first time in Bahrain this week. This is therefore, in effect, my fourth posting about why banking will be free, or razorblade margins anyway.  You can read Parts One, Two and Three first if you want, but you should…

Bank Systems & Technology just alerted me to the fact that Virgin Money has opened as a wholesale mortgage market for US mortgage brokers.  From their website: "What does Virgin Money do for mortgage originators like me? "We give you products to sell — competitive mortgages made attractive with a brand that US borrowers see…

Intraday Liquidity is a term that would mystify some, but is one of the core issues of today as this is a liquidity crisis. Liquidity is the ability of a bank to meet its payment obligations by being able to identify those assets that can be quickly converted to cash. Intraday Liquidity is therefore the…

Intraday Liquidity is a term that would mystify some, but is one of the core issues of today as this is a liquidity crisis. Liquidity is the ability of a bank to meet its payment obligations by being able to identify those assets that can be quickly converted to cash. Intraday Liquidity is therefore the…

I blogged last year about BBVA being the first bank to achieve a true Bank 2.0 solution for their customers and then yesterday about Wonga, a real webby disruption for loans.  Strangely enough, these two themes came together as an email dropped into my intray this morning announcing that Money Strands, the firm behind BBVA’s…

I blogged last year about BBVA being the first bank to achieve a true Bank 2.0 solution for their customers and then yesterday about Wonga, a real webby disruption for loans.  Strangely enough, these two themes came together as an email dropped into my intray this morning announcing that Money Strands, the firm behind BBVA’s…

I blogged last year about BBVA being the first bank to achieve a true Bank 2.0 solution for their customers and then yesterday about Wonga, a real webby disruption for loans.  Strangely enough, these two themes came together as an email dropped into my intray this morning announcing that Money Strands, the firm behind BBVA’s…