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Alibaba acquires China Union Pay in $100 billion deal

I was amazed to see the news this morning that Alibaba, the Chinese equivalent of eBay and PayPal, has acquired China Union Pay. This is fantastical news and builds upon the recent announcement that Alibaba will get into banking. From Breaking Views: Alibaba isn’t a bank.  But for customers it’s getting hard to tell the…

What does a Banking Union mean for Europe?

We had another great launch meeting of the Financial Services Club in Slovakia last week. As with Norway, this was at the Ambassador’s Residence of the British Embassy, although the Bratislava Residence is very different to the Oslo one (read more at the end of this blog entry if interested). The focus of the meeting…

Ambassador's residence

What does a Banking Union mean for Europe?

We had another great launch meeting of the Financial Services Club in Slovakia last week. As with Norway, this was at the Ambassador’s Residence of the British Embassy, although the Bratislava Residence is very different to the Oslo one (read more at the end of this blog entry if interested). The focus of the meeting…

Ambassador's residence

Omnichannel is so last century, please delete it

I’m at a conference last week and someone says, “I hate the phrase ‘omnichannel’”, and then talked about cloud, big data and more management gobbledygook after dissing omnichannel. Now don’t get me wrong, we all hate buzzwords but I really hate the use of the phrase omnichannel (I call this a phrase, as it is…

Omnichannel is so last century, please delete it

I’m at a conference last week and someone says, “I hate the phrase ‘omnichannel’”, and then talked about cloud, big data and more management gobbledygook after dissing omnichannel. Now don’t get me wrong, we all hate buzzwords but I really hate the use of the phrase omnichannel (I call this a phrase, as it is…

Things worth reading: 13th March 2014

Things we're reading today include … Alibaba and Tencent duel over credit cards Britons in the lead with smartphone shopping How your mobile is about to replace your wallet After Mexico fraud, Citi finds other three sets of suspect loans Wall Street average bonus rises 15% U.S. consumer bureau probing firms that link borrowers, payday…

Things worth reading: 13th March 2014

Things we're reading today include … Alibaba and Tencent duel over credit cards Britons in the lead with smartphone shopping How your mobile is about to replace your wallet After Mexico fraud, Citi finds other three sets of suspect loans Wall Street average bonus rises 15% U.S. consumer bureau probing firms that link borrowers, payday…

Angry Birds – the future of banking

Every now and again we have a friend provide a guest post.  Today’s guest post is from Chris Dunne, Payment Services Director, VocaLink: Many of us have been enthusiastic participants in the destruction of well-known businesses over the past few years as we move from buying physical goods in physical stores (books from Waterstones) to digital goods…

Chris Dunne

Angry Birds – the future of banking

Every now and again we have a friend provide a guest post.  Today’s guest post is from Chris Dunne, Payment Services Director, VocaLink: Many of us have been enthusiastic participants in the destruction of well-known businesses over the past few years as we move from buying physical goods in physical stores (books from Waterstones) to digital goods…

Chris Dunne

What will happen to Europe’s weakest banks?

In answer to yesterday’s question about How many banks are driving blind?, it’s about 20 percent. This is because, as mentioned earlier, I’ve been involved in a great deal of debate this week about liquidity and leverage ratios and the quality of data, the divide between Europe’s regulators and the banking system and the challenges of conflicting…

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