The main blog headlines are …
Dubai: cutting edge or bleeding edge?
I travel a lot and go to several countries that have smart leadership and smart cities. These cities and countries – you know who you are – are in the forefront of innovation and claim to be visionary. So, I was surprised when I was …
Do customers really want ‘invisible banking’?
Quite a few people talk about invisible banking today. The idea is that banking transactions and services should be invisible as if they are noticeable, as in visible, then that means you have pain and friction which should have been removed. A good example of …
So, I’m presenting at a Corporate Treasury event, and we get into talking about distributed ledger technology (DLT) and blockchain. Comments are made around so many tests and proofs of work and concept, but so little production. At this point, someone made the comment that …
I was asked at a conference the other day: “so what do you think about a banks’ Innovation Department?” The question threw me a little, so I asked what they meant. “Well, do you think banks should have an Innovation Division?” I replied that divisions …
Do bank leaders really need to be digital?
Back in the 1980s, Walter Wriston, the then Chief Executive and Chairman of Citibank, said that “information about money is becoming more important than money itself”. His successor, John Reed, said that “banking is just becoming bits and bytes”. A quarter century later, this vision …
The latest news headlines …
City watchdog tells banks to uncover 'dirty money' with robots and AI - The Telegraph
Nationwide warns of 'intense competition' as profits slide - The Telegraph
Challenging finances - BBC
After years of growth, the UK's challenger banks are fighting hard to survive in a tough new market.
Japan's Biggest Bank to Switch on Blockchain Payments in 2020 - Fortune
Over the past year and a half, Mitsubishi UFJ Financial Group, or “MUFG” for short, partnered with Akamai, a U.S. tech company, to design a blockchain that can handle 1 million transactions per second at latencies of less than 2 seconds,
Could smartphones replace bank branches? - BBC
Banks sent 512 mobile alerts last year as our money management moves from spreadsheets to smartphones.
City watchdog bans finance boss of firm owned by couple dubbed 'vampires of debt' - The Telegraph
‘Robo’ financial advice catches eye of UK regulator - Financial Times
Automated service does not give enough warning about charges and risks, says FCA
City risks backlash with plea for visa waiver after Brexit - The Telegraph
TSB customers still unable to access accounts four weeks after 'glitch' - The Guardian
Analysts say the chaos cause by an IT upgrade will cost the bank tens of millions in fines and compensation TSB customers are still unable to make payments or access key accounts almost a month after the botched IT upgrade. As one group of analysts said the chaos could cost
Banking by mobile app 'to overtake online by 2019' - BBC
The growth in banking via smartphone apps puts more branches at risk of closure, forecasts suggest.
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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...
