Our main stories of this week includes …
OK, I see weird things everywhere. Last week in Japan … But even the Japanese cannot beat the guys in the Middle East. A few days before I went to Tokyo I was in the United Arab Emirates (UAE) at a conference called MEFTECH, …
Fintech Trends, Digital Disruption and Tech Titans
I don’t always want to just repost other documents, but there are 428 pages of reports that came onto my desk this week and I think they’re worth sharing. The first report is about Fintech trends (316 pages) and Money of the Future by Life.SREDA, …
Three of Europe’s most innovative banks are in GermanyThere are a number of hotbeds for innovation in finance – London, Singapore, Tel Aviv, Silicon Valley – may all spring to mind to begin with … but what about Berlin and Munich? Yes, Berlin is showing some interesting true colours with three standout start-ups: …
I’ve talked about open sourcing banking and finance by converting everything to components (APIs) that can be plug and played into any front-end user experience (UX) through apps and devices, supported by data analytics, cloud and blockchain to reduce and automate the back office. All …
This week’s major headlines include …
Does 'pay by app' mean an end to shopping queues? - BBC
How 'pay by app' could transform the way we buy stuff
MetLife wins ‘too big to fail’ court case - Financial Times
Insurer defeats US government’s ‘systemically important’ financial institution designation
Number of City bankers earning above €1m rises to nearly 3,000 - Guardian
The UK had more than three times as many high-earning bankers as the rest of the EU combined, regulator reports The number of City financiers who took home more than €1m (£800,000) per year jumped to nearly 3,000 in 2014, with one earning up to €25m. The European Banking Authority
Is It Time To Admit Defeat On Barclays Plc & Royal Bank Of Scotland Group Plc? - Motley Fool
Eight years on from the Financial Crisis shares of Barclays (LSE: BARC) trade at a mere £1.52, a far cry from the £79 price they commanded in 2007. Many in the City certainly appear convinced that the banking behemoth’s best days are behind it, so is it time for investors to throw in the towel?
Wells Fargo plans quiet assault on Wall Street from glass tower - Reuters
NEW YORK (Reuters) - As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way.
Investors mine Big Data to gain an edge - Financial Times
Alternative sources of information have become a big industry trend
US man's bank payment stopped over dog's 'terrorist' name - The Telegraph
A US man was left stunned when his bank refused to clear a payment to his dog walker because of his pet’s ‘terrorist’ name.
'Billionaire' tradesman may have used fake banking app to dupe lawyer - The Guardian
Phillip Harrison could face prosecution for perverting the course of justice if it’s proved he misled his lawyer into presenting fake evidence about his wealth in court, says Queensland Law Society president
Deutsche Bank streamlines IT systems in effort to cut costs - Financial Times
The executive charged with ripping out Deutsche Bank’s tangled IT systems and slashing costs will this week report the first signs of progress, having cut 450 jobs in the back office of its struggling global markets unit.
How your bank is reacting to competition - BBC
New lenders may struggle to prise customers away from traditional banks even though their borrowing and lending rates are often much better.
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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...
