This week’s main blog headlines are …
Old John Cryan had some code, AI, AI, Oh!
There are two big tech topics in banking these days, namely Artificial Intelligence (AI) and Blockchain. These two tech titans are changing the back office of banks into intelligent shared structures that will be mind-blowing a decade from now. In fact, they’re not far off …
Does digital transformation actually matter?
I regularly talk about BBVA (Spain) and DBS (Singapore) as banks that are doing the right things for digital transformation. They both started early, have a leadership team who are committed and have been driving down this road with results. Results in terms of awards …
Kim Jong-un isn’t that clever … is he?
OK, so I said earlier this week that I normally get asked about security by someone who is threatened by the onwards march of digitalisation. Sure, security is important, and the issue is that for every step of innovation we create a step of risk. …
Many people delight in digging up a quote from Bill Gates in the 1990s, when he was talking about banks as dinosaurs and famously stated: “we need banking, but we don’t need banks anymore”. Yay! We can stuff the horrible big, bad banks and replace …
Banker: We’ve Done Digital! Skinner: Oh Dear
At the end of most of my speeches, I get someone raising questions around security and regulations. What was interesting is that I got the regulatory one this week, but my host told me afterwards that one of the bankers in the audience had come …
The latest news headlines …
JP Morgan begins telling UK staff being relocated to the EU - The Telegraph
Richest 1% own half the world's wealth, study finds - The Guardian
Credit Suisse report highlights increasing gap between the super-rich and the remainder of the globe’s population The globe’s richest 1% own half the world’s wealth, according to a new report highlighting the growing gap between the super-rich and everyone else. The world’s richest people have seen their share of the
Bank of Amazon? Regulator Floats Idea of Merging Banks and Commerce - Bloomberg
Bank of Amazon. Facebook Financial. Wal-Bank. Amid intense lobbying by financial firms, U.S. policy makers for years have rejected attempts by big companies to muscle in on banking.
Robots Could Replace 48,000 Employees At This Bank - Forbes
Deutsche Bank CEO suggests robots could replace half the company's 97,000 employees.
Would you eat lunch at the bank of the future? - WUNC
Karsten Kammholz is taking a lunch break at a unique Deutsche Bank branch in Berlin.
A crushing blow to peer-to-peer lending dreams - Financial Times
3,000 potential conflicts of interest at Bank of England - The Times
More than 3,000 potential conflicts of interests have been disclosed by almost half of Bank of England employees in the wake of the Charlotte Hogg debacle.
Robots Could Replace 48,000 Employees At This Bank - Forbes
The CEO of Deutsche Bank says technology will lead to significant layoffs at his organization in the not-too-distant future.
Metro founder Vernon Hill celebrates a full year of profits and 1.1m accounts - Daily Mail
Vernon Hill, the American billionaire who runs Metro Bank, is showing me a Dad's Army-style map pinned to the wall of his Holborn branch in London.
Watchdog drops ‘bombshell’ on Mifid II research - Financial Times
FCA says rules on payment could apply to salespeople and traders
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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...
