The main blog headlines are …
Survey: Banks just aren’t ready for digital
I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar. In Jim’s 70+ page report, Jim concludes that: “While there is an almost universal awareness of what needs to be done to …
The virtual banking brew in Asia
Varun Mittal, Associate Partner with EY, recently posted a couple of interesting slides about the launch of virtual banking licences to encourage challenger banks in Asia. If you’re not aware, there’s a great deal of digital banking activity across Asia. It’s not just in China, …
Another useful person in my online network is Steve McLaughlin of @FTPartners, who I spotted sent a tweet last week saying they had produced a challenger bank report. FT Partners’ in-depth report, “The Rise of Challenger Banks” now features an exclusive interview with Brandon Krieg, …
JPMorgan Chase: First Among Equals
When The Financial Times does what they’re good at – covering financial markets and not technology – then they do produce some fascinating content. Case in point is the latest coverage of JPMorgan Chase’s (JPMC) 2019 results. The bank’s latest results are stunning, with the …
Although most businesses fail in their first year, it is quite incredible just how many start-ups there are around the world doing something interesting with technology. According to Embroker: In 2016, 69% of U.S. entrepreneurs started their business at home. In 2018, there were 145 “active …
And the top news headlines this week are …
Swiss Banks enter the age of bitcoin – Coindesk
Switzerland’s banking industry has long been known to privately safeguard wealth, so some bankers see bitcoin as a natural fit for the nation’s financial sector.
PwC executive leaves firm after Dos Santos revelations – BBC
Executive leaves the firm after PwC links revealed with the former Angolan president’s daughter.
Boss of RBS start-up bank Bó quits, plunging its future into chaos – The Telegraph
The banker who spearheaded the launch of RBS’s money saving app Bó is set to leave the bank, plunging the online bank’s future into chaos just weeks after its high-profile debut.
Bank executive accuses HSBC of tolerating “culture of sexism” – The Telegraph
Executive claims HSBC ‘shut down’ her complaints of sex harassment – The Telegraph
Monzo problems: bank ‘freezing accounts for no apparent reason’ – INews
Online-only banking company Monzo has reportedly been hit been hit by fraudsters, with multiple users complaining that their legitimate account has been shut down without warning.
Deutsche Bank’s guide to the worst banking jobs at the start of 2020 – eFinancial Careers
Now that U.S. investment banks have reported their results for the fourth quarter and full year of 2019, we have a better idea what to expect when European banks report in the days and weeks to come.
Bank cyberattack could hit whole financial system – Finextra
A cyberattack on a major US bank could have significant spillovers to other lenders, with serious implications for the whole financial system, according to research from the Federal Reserve Bank of New York.
A thousand EU financial firms plan to open UK offices after Brexit – Reuters
More than a thousand banks, asset managers, payments companies and insurers in the European Union plan to open offices in post-Brexit Britain so they can continue serving UK clients, regulatory consultancy Bovill said on Monday.
Monzo bank ‘freezing accounts for no apparent reason’ – The Guardian
What has led to so many customers claiming they have been badly let down after Monzo froze their account for no apparent reason? Others claim the bank has refused to refund fraudulently taken payments.
