Things we’re reading today include … Is Italy’s financial future resting on UniCredit? Paris calls on London’s bankers to move to France for the food, culture – and even romance Germany not ‘exploiting’ euro, says S&P MPs press Lloyds to compensate HBOS fraud victims Are other analysts as bullish on the pound as Bank of…
A bank has to make a regulatory change every 12 minutes. That’s some task. A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12 minutes are run to 1,000’s of pages? The answer is they can’t, but they don’t…
I recently spent a day in a meeting discussing Governance, Risk and Compliance (GRC) … yawn. Well, it is a bit of a dull area, but highly important. In fact, what gets me is that regulations are the big ticket barrier to change in banking. It’s what protects the banks from disruption and change, as…
OK, OK, OK, I promise to stop posting predictions and trends and blah, blah, blah, but this one has an interesting provenance and history. Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and…
I’ve been wondering for a while how so many companies can be starting up something in the same space, and how are they surviving? The reason for mentioning it is that we keep hearing these numbers around how many billions are being invested in FinTech, bitcoin, blockchain and such like, and yet I cannot see…
So one of my 2017 forecasts is coming true already: it is the year that blockchain moves out of proofs of concept and work and into the mainstream. Two great examples broke out this week from skunk works to media. The first I spotted was the Chicago Mercantile Exchange (CME) Group using bitcoin for various…
Things we’re reading today include … Reported fraud in UK financial services falls The City issues Brexit deal demands Silicon Valley start-ups suffer fall in VC funding What Wall Street wants from Trump From the end of globalisation to ‘weaponised’ gadgets: the five biggest risks facing the global economy Perils of the Icarus Trade as…
I guess I’m an optimist and, in a world of pessimism, it’s an interesting place to be. I say a world of pessimism as all I’ve seen since the Brexit vote and Donald Trump being President-elect is negativity. A constant stream of we are screwed appears in my Facebook feed, and everyone seems to think…
I kept Tuesday’s blog entry short because I knew that everyone was making predictions and writing much more in-depth pieces. Today’s guest blog entry is from Finanser friend David Horton. David wrote a great piece on LinkedIn over the holidays providing his five banking technology predictions for 2017 and has kindly allowed me to replicate it here….
I kept yesterday’s blog entry short because I knew that today’s was long, and it’s a guest blog entry from my good friend Jim Marous. Jim produces a great report each year, curating the thoughts of 100 industry leaders including myself, on what is going to happen in the year ahead. Summarizing this year’s report,…
