Our main stories of this week includes …
We are the Robots: science fiction becomes science fact
I recently talked about the oncoming internet developments that follow the internet of things, from the internet on demand (3D and 4D printing) to the internet of robots. A colleague came up afterwards, and said I was daft to talk about robots. It’s science fiction …
The best blockchain white papers, March 2016 [Part 2]
After sharing my favourite white papers about blockchain and fintech a month ago, I got a bit of a deluge of offers of more papers, so here’s this month’s update. If you don’t like to read about them though, you can always listen to this …
Open sourced banking – give it to me now
I was reflecting on the demonstrations of Deep Mind against Go Champion Lee Se-Dol along with Watson at CeBIT and other artificial intelligence (AI) developments. It soon becomes apparent that we are evolving rapidly to a state where data learning through data analytics will be …
Banks are not technology companies (yet)
I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership. Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is …
The past week’s major news headlines include …
World's biggest startup? Samsung Electronics to reform corporate culture - Reuters
SEOUL (Reuters) - Samsung Electronics Co Ltd , the world's biggest maker of smartphones and memory chips, announced on Thursday that it plans to adopt a corporate culture akin to a startup, seeking to become more nimble as growth slows.
Apple Pay coming to mobile websites later this year: Re/code - Reuters
(Reuters) - Apple Inc will integrate Apple Pay with its Safari browser later this year, allowing users to make purchases from mobile websites, technology website Re/code reported, citing sources.
Google launches Android mobile payment service in UK - Financial Times
Introduction of smartphone payment service ramps up competition with Apple Pay
A ripple of fear - Economist
IN A financial landscape that ranges from the dreary to the disliked, peer-to-peer lending stands out. P2P firms, also called marketplace lenders, channel loans directly from institutional investors and individuals to borrowers, for a fee. In the process, they have lowered interest rates for many and expanded access to credit.
The tech driving down car insurance fraud - BBC
The tech tackling motor insurance fraud
We are New York's millionaires and we say: raise our taxes - Guardian
Each of us earns over $665K a year. We can afford to give more to help children in poverty, the homeless and people on low incomes Dear Governor Cuomo and Legislative Leaders, We are upper-income New Yorkers who treasure the quality of life in our state. Continue reading...
Powa: The start-up that fell to earth - BBC
A British start-up that once boasted of having "trumped" Apple runs out of cash after hiring strippers and paying for premium office space.
Donald Trump Owes At Least $250 Million to Banks - Wall Street Journal
Republican presidential candidate Donald Trump owes at least $250 million to banks for various real estate projects, according to his personal finance disclosure forms.
Brexit could cost £100bn and nearly 1m jobs, CBI warns - Guardian
Report conducted by PricewaterhouseCoopers for the CBI says economy faces irreparable damage if UK leaves European Union Leaving the European Union would cause a serious shock to the UK economy that could lead to 950,000 job losses and leave the average household £3,700 worse off by 2020, a report commissioned
Hillary Clinton and the 'vampire squid': is Wall Street really a deadly threat? - Guardian
Demonisation of Clinton’s Goldman Sachs speaking fees aside, Wall Street isn’t in great shape and its influence over country and politics is declining In the 2016 presidential campaign, Wall Street and the banks have emerged as Public Enemy Number One. Related: I worked on Wall Street. I am skeptical Hillary
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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
