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This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10. America’s banking regulations strangle innovations I was asked the question the other day as to why there is no new digital bank start-up in the USA … America’s regulations are not the problem I received…

Just to mop up the final discussions at the White House #FinTech summit, there was a fourth panel on financial inclusion.  This panel comprised, from left to right: Gayle Smith, Administrator, USAID; Jo Ann Barefoot, Senior Fellow, Mossovar-Rahmani Center for Business & Government, Harvard Kennedy School; Greta Bull, CEO, CGAP (Consultative Group to Assist the…

As you can tell, I found the White House meeting so interesting that I’m gonna bore you about it all week.  Today is the turn of how FinTech can make us live smarter, better and more informed lives.  That theme resonates as Moven’s strapline is to spend, save and live smarter (guess who came up with that…

I’ve had a few meetings with folks at the White House over the past eighteen months, which has been an honour and not something I felt I should blog about.  The National Economic Council woke up to the FinTech world early last year and have been consulting with many in the FinTech ecosystem.  The latest…

I received a very thoughtful response to last week’s blog (about Dodd-Frank being the issue with the USA seeing zero neobanks starting up) from two Nahum Goldmann and David Gerbino.   Nahum and I have corresponded for some time about banking matters and his email sparked various views in my mind.  Here’s his view: Chris thanks, an excellent…

Our main stories of this week includes … Digital is all about the people I got caught up in a conversation about building a new digital bank the other day, and being asked how I would organise the project.  I’m a simple guy and go back to basics, and the basics are people, process and product. People…

I got caught up in a conversation about building a new digital bank the other day, and being asked how I would organise the project.  I’m a simple guy and go back to basics, and the basics are people, process and product. People – customers and employees – are where it all starts.  Happy staff…

I get all sorts of crappy press releases from public relations managers who are eager to see me prostitute my blog for them. Rarely would I post their stuff here unless it was seriously interesting or I feel very lazy or both. You can decide which category this fits into: first direct identifies the factors…

Whilst almost 500 banks failed in the USA between 2008 and 2012, only three new banks opened. Only three new banks have opened in the United States since 2010.  Before the financial crisis, over 100 banks set up shop each year, on average, according to data from the Federal Deposit Insurance Corporation, the agency that approves…

Not sure how many of you spotted the announcement last month that Goldman Sachs is launching a retail bank, but it’s been interesting to monitor such developments. First there was a raft of press reviews of the announcement: Goldman Sachs gets into retail banking Goldman Sachs Enters Retail Banking Market with GS Bank Here’s How Goldman Sachs Plans to Go After the…