The hardy perennial discussion of whether we need branches or not comes up again this week. It’s a regular debate on the blog and in the Financial Services Club, with various entries that are relevant to contribute towards the debate: To dump or not to dump the branch (2007) Branches Wanted: Dead or Alive? (2009)…
Following on from yesterday’s blog about the challenge of taking a vertically integrated bank and breaking it into pieces that can be assembled as part of an alternative service, such as a mobile app, reminded me of the build my own bank presentation from February 2009 (can this really be four years old already?). The thing is…
Following on from yesterday’s blog about the challenge of taking a vertically integrated bank and breaking it into pieces that can be assembled as part of an alternative service, such as a mobile app, reminded me of the build my own bank presentation from February 2009 (can this really be four years old already?). The thing is…
I was trying to find out about the UK Government's Funding for Lending Scheme and why it isn't working, and managed to meet a senior small business lending manager with one of the UK's largest retail banks. He spoke to me off the record, but here's a summary of the discussion. It's pretty enlightening. I've…
I was trying to find out about the UK Government's Funding for Lending Scheme and why it isn't working, and managed to meet a senior small business lending manager with one of the UK's largest retail banks. He spoke to me off the record, but here's a summary of the discussion. It's pretty enlightening. I've…
I went to a Policy Review Summit yesterday, focused upon rebuilding trust in the banking system. We’ve had a few of these meetings at the Financial Services Club, and have two more in May, and the discussion usually comes around to a number of core themes: customers trust their bank accounts to be safe, secure…
There are many places you can look to find leadership in the FinTech community. One of the most reliable sources is IDC’s annual FinTech100 listing if you want to find the leaders in finance and technology. The 2012 listing confirms FIS in top spot again with TCS, First Data and Cognizant all rising up the…
I’ve been involved with Anthemis Group for some time, particularly liaising with Uday and Sean at innotribe. I’ve also known John Chaplin for quite a while, and so I was gratified to see that John’s firm Ixaris teamed up with Anthemis to produce this year’s Payments Innovation Jury Report. The Report is a biannual production that captures…
I’ve been involved with Anthemis Group for some time, particularly liaising with Uday and Sean at innotribe. I’ve also known John Chaplin for quite a while, and so I was gratified to see that John’s firm Ixaris teamed up with Anthemis to produce this year’s Payments Innovation Jury Report. The Report is a biannual production that captures…
Maybe it’s just me, but looking through the announcements of the three major regulatory changes the new authorities have introduced, I think they’re a bit nuts. On the one hand, they are increasing capital requirements for existing banks to avoid future shocks: Major UK banks must raise a total of £25bn in extra capital by the end…
