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Nov 14, 2016

Paranoia-as-a-service

I heard this phrase – paranoia-as-a-service – for the first time recently, but I’m hearing paranoia in banking mentioned more and more often. It’s not surprising after the tesco hack, but what can you do about it? If banks are meant to be the most secure stores of value in this world, then how can…

Nov 8, 2016

Things worth reading: 8th November 2016

Things we’re reading today include … Tesco Bank: 20,000 customers lose money Tesco Bank blames ‘systematic sophisticated attack’ for account losses Investors shrug off more losses at Lending Club HSBC boss urges government clarity on EU workers in the UK Banks, brokers gird for Brexit-style tumult following Tuesday’s election HSBC profits slump following sale of…

Nov 1, 2016

A glimpse of the future, part two – 70 is the new 30

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As mentioned yesterday, there’s a big question about what all of this means for financial service. You may not have asked those questions but if life sciences allows people to live for 150 years or more; if babies can be born without defects; if you can design yourself to be whatever you want to be;…

Nov 1, 2016

Things worth reading: 1st November 2016

Things we’re reading today include … The rise, fall and fightback of Mark Carney, the rock star of finance Trade options Jose Manuel Barroso cleared of breaking rules for taking Goldman Sachs job Barclays customers hit by debit card glitch New pound coin: Firms told to prepare for redesign Mark Carney to leave Bank of England…

Oct 26, 2016

Things worth reading: 26th October 2016

Things we’re reading today include … Clydesdale confirms Williams & Glyn offer Lending Club races ahead into car loans Monte dei Paschi shares suspended after 23% fall Deutsche Bank’s ETF unit bleeds $8bn this year Will paper receipts become a thing of the past? The future of trade has rarely looked more uncertain Payments: interloping…

Oct 25, 2016

Things worth reading: 25th October 2016

Things we’re reading today include … Italy’s Monte dei Paschi set to approve business plan Sweden holds out olive branch to Brexit Britain The eurozone is turning into a poverty machine Four reasons why banks won’t leave the City of London after Brexit Treasury promotes Brexit mandarin Katharine Braddick to negotiate for the finance industry…

Oct 19, 2016

Banks’ burning platform is obvious

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My presentations change every day, but I got a great new slide to illustrate the burning platform that banks sit upon. This is the one I was blogging about yesterday, and the one area I blog about incessantly (so much so that I bore myself). But there is a burning platform in all banks, and it’s…

Oct 13, 2016

How do governments regulate a networked world?

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Following on from yesterday’s blog about Little Britain and a hard Brexit, we all know the world has been globalising and, even though there is currently a backlash against globalisation per se, it is unstoppable. It is unstoppable primarily because of technology. The whole planet is now on the network. Seven billion people have access…

Sep 14, 2016

Bankers should not be retailers [Wells Fargo]

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5,300 Wells Fargo employees have been caught faking customer account openings in order to hit their sales targets. That sounds pretty disgusting doesn’t it, but it’s nothing new. In fact, we here in old America or, as some call it, Britain, have been living with this for half a decade. During the 2000s, leading up…

Sep 14, 2016

Things worth reading: 14th September 2016

Things we’re reading today include … Draghi: EU must redistribute wealth and strengthen borders to save the union Wells Fargo seeks to shore up reputation in wake of scandal UK one of the most unequal countries, says Oxfam Bank of England to buy Apple bonds Bank of England’s Minouche Shafik leaves to run the LSE…