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I had a good chat about the mobile financial ecosystem today.  Maybe a good example of that ecosystem is represented below: What this portrays is that it’s complicated.  There’s a lot of players doing a lot of things and the bank has to herd cats to make it work. What’s interesting though is that this…

So Facebook announced clarification of plans to rollout Facebook Pay, an easy way to pay friends through Facebook using your debit card. They had considered credit cards, but want to avoid fraud and risk and felt the debit card is the way to go.  Initially US-based, the service will gradually be released worldwide.  Here are…

Yesterday the UK’s Financial Inclusion Commission published their report on Financial Inclusion for the UK. The Financial Inclusion Commission is an independent body of experts and parliamentarians who came together to put financial inclusion back on the political agenda ahead of the 2015 General Election. The Commission set out to: take stock of the extent of…

After blogging about how hot Fintech is, I stumbled across this article by Avinash Swamy (HT to Bradley Leimer), and asked Avinash if I could place this on the blog as it shows the other side of the coin about how banks are reacting to Fintech threats and opportunities.  Avinash kindly agreed, so read on …….

How much profit does a bank make per annum on a typical retail bank deposit account? It’s a simple question.  What is the total revenue a bank generates from the average retail bank account – the costs?  Do you know?  Does your bank? I’m not so sure, and it’s a conundrum that drives to the…

Is it just me, or is it the media that makes out bankers are a slime pool swirling cesspit of scum?  The reason I ask is that there seems to be non-stop headlines of fiddling bankers doing dirty deeds.   The latest of these is the tax-cheating bank HSBC, who helped clients avoid tax. Wow,…