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Things worth reading: 6th April 2017

Things we’re reading today include … Monzo, a UK digital-only challenger bank, granted full banking license China’s Army of Bank Tellers Retreats China curbs ‘Wild West’ P2P loan sector London and Brussels urged to agree Brexit transition deal to protect banks Banks and building societies snub Lifetime Isa launch U.S. …

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Sweden going cashless

For as long as I can remember, I’ve been hearing about a War on Cash.  The war, as illustrated by India’s recent demonetization, is not on cash itself but on the illegal use of cash and, by association, the fraudulent creation of cash.  Both fraudulent notes and coins along with …

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The complete low-down on Britain’s new £1 coin

Britain has a new £1 coin.  It comes into circulation today and replaces the old coin, which was originally launched in 1983, making it one of the oldest coins still in circulation.  The old coin gets phased out in October (and will no longer be legal tender) which means that, during …

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London: still the #1 Global Financial Centre

Today Z/Yen, a London-based research and consultancy firm, publishes the twenty-first Global Financial Centres Index (GFCI 21) in collaboration with the China Development Institute (CDI). The GFCI rates 88 financial centres and finds the top ten are: London New York Singapore Hong Kong Tokyo San Francisco Chicago Sydney Boston Toronto Updated …

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Things worth reading: 24th March 2017

Things we’re reading today include … Brexit: Single market benefit ‘largely imaginary’ Deutsche Bank commits to London by securing new HQ Secure Trust shuns bid for troubled Co-op Bank Kenya starts selling bonds via mobile phones The investigation into the Bangladesh Bank heist continues An earthquake in European banking RBS …

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Things worth reading: 23rd March 2017

Things we’re reading today include … Hopes fade for Co-op Bank turnaround plan City watchdog wins legal battle with ‘London Whale’ executive UBS charges customers to deposit euros Cheques will clear in just 24 hours thanks to smartphone imaging tech Brexit vote: Single market benefit ‘largely imaginary’ MPs warn system …

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The largest payments company in the world that most people have never heard of

I blogged a year ago about TechFin, the incumbents’ view of applying technology to existing banking services, versus FinTech which seeks to transform the financial system.  That has become one of the top search terms to find my blog, as it turns out, mainly because my blog entries are the first …

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