More voting at IPS2010, with some interesting views expressed. The session opened with three short questions which were quite telling. Question 1Does the banking industry need to change as a result of the financial crisis?93.2% Yes6.8% No Most of the audience are from banks, so that’s quite telling … and who exactly were the 1…
According to yesterday's Evening Standard, Rory Bremner compered the Private Asset Managers' Awards at the Dorchester over the weekend and cracked a number of edgy jokes. Asked Bremner: “Anyone here Dutch? Great salesmen, the Dutch. Anyone that can sell ABN Amro…” He still got a laugh for that, unlike the crack that he “once had…
I’m here at one of the largest jamborees of the payments year behind SIBOS, IPS2010. The conference opened with a lengthy interactive voting session with the 400-strong audience. Here are the results: Question 1 What will have the biggest impact on transaction banking in 2010? 46.5% New regulations16.0% New payments providers12.3% Interest rates12.3% Growth in…
Things we're reading today include … RBS branch sell-off hits the buffers – The TimesSantander leads race for £4bn RBS branches – The TimesRBS set to pull coverage of small firms – The IndependentNorthern Rock still in red for third year running with £400m losses – The TelegraphMetro Bank gets official go-ahead – BBCBritain in…
When should banks move to dump branches, rearchitect for electronic connections and move away from old style paper processes? When do we see the tipping point and how do you deal with it? This has been the core of lots of chat this week, specifically talking about old bank models versus new ones. Branch distribution…
Did I mention that I’m in love with the Economist’s 16-page supplement on a deluge of data. It just crystallises so many thoughts from my career in technology and where we’ve gotten to today. There are diamond and gold nuggets of information throughout the report. Here’s a few highlights: The amount of digital information increases…
One of my banking colleagues provided me with a major revelation yesterday. He said: “if you want to spot the next country to be in distress, look for a skyscraper.” “What?” I responded. “Every time a capital city builds a major monolith, you know disaster looms”, he expounded. I thought about it, and then thought:…
For a while now, the industry has struggled with secure identities. It’s not an easy thing y’see. For example, the Economist this week has a special 16-page supplement looking at the issues of a deluge of data: “Information has gone from scarce to superabundant. That brings huge new benefits but also big headaches … ensuring…
