The main blog headlines are …
Are you really a digital bank? (just shake it off)
I was in a conversation the other day where someone asked me how I can tell if a bank is really trying to be a digital bank or just a bank. Off-the-cuff I immediately said that I have a litmus test to work out the …
If you are struggling with debt, here’s some good advice
I’ve seen several friends suffering with mental health issues. Much of it is caused by stress with work but, equally, I’ve noticed that a lot of it has to do with stress with money. Someone loses their job and only have savings that cover them …
PayTM and India Stack is turning the country cashless fast
I’ve just spent a few days in India and the inevitable discussions around Aadhaar, UPI, demonetization and more came around. Y’all may know some of this as I’ve blogged about it before but the bit that I wanted to focus upon was the demonetization position. …
WeChat: the real Beast from the East
I’ve written a lot about Alibaba, Ant Financial and Alipay. This is not because I endorse or want to advertise the company, but because they are the first company to have embarked on a global financial inclusion strategy and have been marking it happen. Ant …
I’m not saying I’m always right. In fact, I love it when someone points out I’m wrong, and shows me why, because I learn something. So, I was particularly interested when in Sunday’s Guardian, I saw the headline Blockchain: hype or hope. It’s quite a …
The latest news headlines …
Coutts star banker in sexual harassment claims - BBC
A top banker at Coutts, the private bank used by the Queen, is at the centre of a series of complaints about sexual harassment
Payment fraud: Millions lost in money transfer trick - BBC
Victims of a fraud which leads them to transfer money to a con-artist are typically losing nearly £3,000.
Co-op Bank 'draws line' under near-collapse and past scandals with pared-back losses - The Telegraph
SocGen deputy chief resigns over disagreement on legal matter - The Telegraph
Banking royal commission: document shows NAB bosses well aware of fraud - The Guardian
Hearing told bank knew its ‘introducer program’ had problems months before telling regulator National Australia Bank has been chastised for withholding a document from the banking royal commission that showed bosses knew about widespread fraud in its controversial “introducer program” months before telling the regulator. The commission’s second day of
Banks avoid lavish Cannes property conference to guard reputations in the wake of Presidents Club scandal - The Telegraph
Could my savings bomb with banks like Atom? - The Guardian
I need to be sure I’m safe with new banks rather than established names I am trying to get the best interest on my savings and usually only use the high street banks. Is using newer banks, such as Vanquis or Atom, as safe? I am tempted, but nervous. BG
Prudential unveils radical overhaul as it splits itself in two FTSE 100 firms - The Telegraph
In rural Germany, 'mobile banking' means a bank on a truck - Economic Times
Bank manager Juergen Schaller never expected to end up getting a trucker's licence and driving 20,000 kilometres (12,400 miles) per year. But as brick-and-mortar branches vanish from the rolling Franconia region of northern Bavaria, the neatly dressed savings bank executive jumps behind the wheel four days a week to bring mobile services -- including cash machine and consultation room -- to tiny countryside villages.
Cash is far from dead and use is rising: BIS - Reuters
LONDON (Reuters) - Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said.
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The Financial Services Club is sponsored by:
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...
