Everyone's talking about Facebook becoming a bank in the future, but I don't believe it will happen. Here's why … Just had a long discussion with a bunch of banks about potential disruptions to banking based upon mobile carriers upscaling and innovating, the launch of NFC payments via Android and iPhone, the possibilities of Google…
The next meeting of The Financial Services Club, London, is on Monday 23rd May with leading commentator Graham Bishop discussing whether the EU Fiscal Crisis will force Eurozone Political Union in 2011? As all of us know, the end of the euro would be the end of Europe and only tough collective action from Eurozone…
I find it funny to think about the lengthy discussions of mobile that takes place these days at all the banking and payments conferences I go to. The banks talk about a mobile payments ecosystem and how they have to work closely with carriers, handset manufacturers, retailers, merchants and more to achieve share of this…
In the last of my explorations of building a new bank, here's why the new bank will win. One of the biggest things that constrains existing banks is their past. They were created over a century ago to manage retail transactions in branches over the counter with human tellers and, to a large extent, this…
Interesting reaction to yesterday’s kick-off about a new bank, with the responses being in three buckets: where’s the customer focus, how are you going to make money and what about the small business (SME) client? I’ll address those through the week, but want to start with the first as it strongly relates to culture. The…
No sooner does the BBA announce that the banks will not fight the PPI battle, resulting in calls for recent FSClub keynote guest Angela Knight to resign as it could cost the industry up to £8 billion, than the vultures appear with one-page ads in the UK national newspapers … … nothing like capitalising on someone…
