I’ve been blogging about digital transformation and one commentator asked me to qualify what I actually meant by a bank ‘transforming’ versus the others. This is something I intended to blog about but Bill Streeter over at The Financial Brand beat me to it in his reporting of research by BDO, the American assurance, tax, and…
Things we’re reading today include … Cryptocurrency investors locked out of $190m after exchange founder dies Citi says prosecution delay hampers defense in Australia cartel case with ANZ, Deutsche Loose money era leaves trail of U.S. corporate debt junkies Barclays bosses pressured by Qatar to mask Gulf state PM’s holding, court told Non-bank lenders thrive…
Artificial Intelligence (AI) is moving at a pace, creating a really interesting online debate the other day about its applications. Specifically, the question was raised about self-driving cars and how they make decisions. For example, when a self-driving car crashes, who should die? This is a question explored in depth by researchers from the MIT…
I have one slight concern as we go cashless, having experienced it myself. You cannot go cashless if it does not include everyone. I had this experience in China. Arriving on a Sunday lunchtime at the Holiday Inn Express hotel, I successfully checked in and had a nice room with an empty fridge. Downstairs, being…
Things we’re reading today include … Funding Circle seeks valuation of up to £1.8bn in IPO Social media could destabilise the economy, Bank of England warns Danske bank chief resigns over €200bn money-laundering scandal World Bank reports slower progress on extreme poverty TSB to bid for £833m RBS fund despite IT meltdown Bank of America…
Things we’re reading today include … Powell sets Fed’s course with data-based judgment UK’s biggest payday lender Wonga ‘on the brink of collapse’ Britons seem relatively relaxed in the face of Brexit apocalypse | Larry Elliott Wonga ‘on brink of collapse’ after surge in compensation claims The mood on Brexit is turning. Labour can turn…
Things we’re reading today include … Bank of England’s chief economist warns A.I. could threaten ‘large’ amount of jobs Bank Branches Are Closing At A Record Pace. Here’s Why JPMorgan Chase Is Opening More Big banks are getting ready for an uncertain future JPMorgan undercuts discount brokerages on trades Greece may still be Europe’s sick…
Business Insider recently listed what they believe are the 32 FinTech unicorns around the world. Here is their list: =27. Symphony — $1 billion =27. TongDun Technology — $1 billion =27. Funding Circle — $1 billion =27. Kabbage — $1 billion =27. 51 Credit — $1 billion =27. Gusto — $1 billion 21. UiPath —…
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