The main blog headlines are …
#Brexit, Banking and Equivalence
As usual, the Financial Services Club was delighted to host David Doyle as our starting speaker for 2018, and he presented a fine overview of all the things bubbling as top of the agenda in the European Union’s regulatory plans for 2018. Led by the …
11 decisions that made a challenger the best bank on the planet
I’ve been in touch with Colin Iles in South Africa for a while now. Formerly the head of client strategy at Barclays Africa (ABSA), he’s now been working on a new bank called Capitec. I say new, it’s actually been around for 17 years, but …
Bitcoin: More electricity consumption than the entire planet?
I am tempted to predict the price of bitcoin for the end of 2018 but know I’d be wrong, so I’m not. It could be $1 or $1 million. I’m not going to forecast it, as there are over 1,000 digital currencies out there and …
e-Estonia, a country full of e-Everything
I visited Tallinn towards the end of last year. If you’re not familiar it’s the capital of Estonia, a country that is the most advanced digital economy in Europe. This all began due to a hack ten years ago, when intrepid Russians were commissioned to …
Innovation with compliance is difficult
I’ve been at a few conferences this week, and was amused by an audience poll at one event. The moderator first of all asked: Do you believe that the regulators are in the incumbent’s pockets and protect the industry from new competition? You may find …
The latest news headlines …
Santander boss named in RBS scandal - BBC
Nathan Bostock was responsible for controversial GRG division during scandal, MPs are told.
ATM shake-up could leave many without cash, consumer group warns - BBC
People in remote areas could be left with little or no access to cash, says consumer group Which?
Bank of Facebook, Apple or Google? Tech giants don't pose a threat to banks (for now), says S&P - City AM
The Likes of Google, Apple, Facebook and Amazon will not pose a threat to global banks - in the short term at least - according to the ratings agency S&P.
Citi plunges to giant $18bn loss on back of Trump tax reforms - The Telegraph
Nationwide delays Open Banking launch - BBC
Six out of nine of the UK's largest current account providers missed Saturday's deadline.
Global banks slash chance of Brexit ‘no deal’ and raise UK growth forecasts - The Telegraph
Open banking? I think I’ll be keeping my door shut - The Guardian
Open banking starts but I think for the time being I’ll be keeping my door firmly shut. Why? Because it’s not absolutely clear who is going to cough up when something goes wrong, which, inevitably it will at some point.
'Open Banking' revolution will leave account holders at mercy of 'hackers and thieves', banks warn - The Telegraph
Banking customers will be left at the mercy of "hackers and thieves" under a data sharing revolution coming in today, Britain's biggest banks have warned.
'Open banking’ begins today. It poses one major threat to your money - The Telegraph
Today marks a banking milestone that some have claimed is the most important in decades: “open banking”.
Boom time: Clear Bank founder Nick Ogden on his efforts to start a British banking revolution - City AM
Even in the ancient world of City banking, 250 years is a long time. Yet that was how long the UK has had to wait for a new clearing bank until Nick Ogden launched Clear Bank out of the blue last year.
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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...
