Things we’re reading today include … More than a third of Britons now have a current account with digital-only bank | This is Money Why is fintech failing boomers? | Sifted The fintech boss who received 20,000 applications for five jobs: “It’s sad” (efinancialcareers.com) HSBC fined £57.4m for customer deposit protection failings – BBC News…
Things we’re reading today include … Challenger bank bunq reports first full-year profit, plans UK relaunch – Tech.eu “I stopped coding to manage developers in a bank and now I can’t find a job” (efinancialcareers.com) Lloyds to end mobile banking van service – BBC News Chinese fintech giant Ant Group expands overseas payment service Alipay+…
Things we’re reading today include … Bank locks customer’s account after donation to UNRWA – SKWAWKBOX JPMorgan vs Goldman: How Jamie Dimon’s bank gains from the confidence factor (ft.com) Chime was once valued at $25 billion. What is it worth now? (yahoo.com) Chinese fintech giant Ant Group sets up AI unit led by former Google…
This week’s main blog discussions include … Old bank fears of regulators is opening massive new markets to their challengers I’ve just been through a very strange process with my main personal bank account provider who, thanks to fear of FCA and crypto, noticed that I had regular payments in and out of my account…
Things we’re reading today include … U.K. to start work on ‘Britcoin’ in preparation for cryptocurrency dominated world | Morningstar Bank of England lays out how Britons can ‘pay the electrician’ using cashless digital pounds (gbnews.com) Bruised by stock market, Chinese rush into banned bitcoin | Reuters UK neobanks need to show sterling qualities, not…
Things we’re reading today include … Colorado pastor says ‘Lord told us’ to pocket $1.3m in alleged crypto fraud scheme | Sky News Bank branch closures to leave 3 million without access to cash (gbnews.com) Bank of America orders workers back to office in remote working crackdown (telegraph.co.uk) Record number of bank customers ditched and…
Things we’re reading today include … Satoshi Nakamoto Will ‘Erase’ Bitcoin (forbes.com) Plaid is Everywhere in Fintech Today | Fintech Nexus Swedish Fintech Klarna Eyes for an US IPO (financemagnates.com) European Central Bank staff slam Lagarde’s leadership in union survey (cnbc.com) US bank regulation needs to enter the digital age (ft.com) Bank of America rolls…
Things we’re reading today include … The tricky timing behind Citi’s bet on China (ft.com) Sainsbury’s Bank withdrawing from market – what does it mean for you? – Which? News Lagarde rated ‘poor’ by own staff at European Central Bank (telegraph.co.uk) 11:FS hires Jamie Campbell to run new fintech fund and incubator (finextra.com) Innovating Customer…
Things we’re reading today include … Online pastor charged for ‘worthless’ crypto scam says God made him do it (cointelegraph.com) UK banks prepare for deepfake fraud wave (ft.com) Could Metro Bank be the best value stock to buy right now? | The Motley Fool UK Barclays to shrink investment bank’s share of business, CEO says…
This week’s main blog discussions include: We need banking that is unusual Over the week, I got an update about Revolut and their business model. It was quite interesting although a little bit macro-level. My favourite part is where the Business Model Analyst listed the competitors to Revolut: Monzo: Monzo is a UK-based digital bank that offers features…
