This week’s main blog discussions include … US banks invest three times more in tech than European banks I got an interesting question in my recent banking presentation: US banks have spent far more on technology than banks in Europe – will European banks ever be able to catch-up? It is true that American banks…
Things we’re reading today include … Mystery creator of Bitcoin identified, new HBO documentary claims – POLITICO Carlos Torres Vila (BBVA): “The reinvention of a bank doesn’t end” Mediobanca CEO says conditions not right for cross-border bank M&A in Europe | Reuters Can Andrea Orcel, Europe’s star banker, create a super-bank? (economist.com) UK strengthens role…
Things we’re reading today include … Bank of America is down: Users report their accounts showing empty balance during widespread outage | The Independent Russian court freezes funds of US banks JP Morgan and Mellon | Reuters Starling Bank fined £29m for ‘shockingly lax’ financial crime controls | The Guardian Starling Bank is simply not…
Things we’re reading today include … DWP asks Universal Credit claimants to supply bank statements for benefit checks – Birmingham Live Lloyds, Halifax and Bank of Scotland banking apps are back online following a two-hour outage | Daily Mail EU cross-border bank mergers pose real risks, Nagel warns – POLITICO The end of LIBOR |…
Things we’re reading today include … Markets stop panicking when central bank start panicking | Forexlive Metro Bank completes sale of residential mortgage portfolio to NatWest (mortgagesolutions.co.uk) Clearbank eyes flurry of new products amid ‘huge demand’ for fintech (cityam.com) Open Banking Fintech TrueLayer Reports Growth In Revenue And Increase In Losses | Crowdfund Insider After…
Things we’re reading today include … Fintech has outgrown sandboxes. Now it needs airports | World Economic Forum PayPal’s CEO Marks a Year on the Job. The Race for Change at the Fintech Is a ‘Marathon.’ – Barron’s Has the ECB cracked the code for digital euro CBDC adoption? – Ledger Insights JP Morgan’s JPM…
The main blog discussions this week include … Everything you don’t understand about money combined with everything you don’t understand about computers There’s a quote I often use from John Oliver that cryptocurrency is “everything you don’t understand about money combined with everything you don’t understand about computers”. That was 2018. It’s now 2024, and…
Things we’re reading today include … Is Unicredit about to kickstart a wave of European bank mergers? (cityam.com) Fintech Company Chime Taps Morgan Stanley to Handle IPO in 2025 – Bloomberg Stripe-backed TrueLayer losses mount even as revenue triples | Sifted eToro Acquires Australian Investing App Spaceship for Up to $55 Million (financemagnates.com) Rise Of…
Things we’re reading today include … 36% of Gen Z Pick FinTechs Over Banks for Online Payments (pymnts.com) E-money firms including Wise, Revolut face stricter safeguarding rules (proactiveinvestors.co.uk) Fintech Mubadala announces the acquisition of a stake in Revolut – ThePaypers Banks must refund fraud in five days but losses capped at £85,000 – BBC News…
Things we’re reading today include … Almost Two Thirds (59%) of Financial Services Firms Admit They Are Risk Averse When It Comes to Technology (ffnews.com) Why fintech is rebounding – Maddyness UK Keir Starmer’s Bank Spying Plans — Big Brother Watch Can Andrea Orcel be stopped from buying Commerzbank? (ft.com) Apron: London fintech taps Checkout…
