FinConf

The Finanser’s Week: 13th March – 19th March 2017

This week’s main blog headlines are ….

Will Apple Bank be the first new American #Fintech Bank?

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and …

The Boy who cried Wolf! (#fintech stylee)

I remember organising my first banking conferences in the 1990s and there was a regular mantra amongst the memes of the folks speaking on stage. There is more change coming and you’re going to be dead meat unless you change. It was a common theme …

Branches more important than apps?

Building on my challenger bank discussions, there’s some interesting points coming out of a new report by Price Waterhouse Coopers (or Playing the Wrong Cards as they’re now called, after the Oscars) on challenger banking.  It’s well worth a read, especially as they found that having …

When will banks stop seeing financial inclusion as charity?

I was asked this question at a recent conference and yes, banks do believe that the mass poor are just that: poor.  How do you make a profit out of the poor?  Well, truth be told, the poorest are the most profitable.  They’re the ones …

Fearless Femtech

Being in New York on International Women’s Day last week, a surprising event occurred.  No, it’s not that Donald Trump renamed the day after his favourite cat, but that a statue appeared next to the Wall Street Bull.  A Fearless Girl.  The bronze statue is …

The latest news headlines …

New-generation UK banks challenge with technology – Financial Times
Sports teacher Ian Gould has little time for conventional banking. He cannot escape to a bank branch in his lunch hour or make lengthy personal phone calls at work. So switching his mortgage through a mobile app was revolutionary.

Government to set up new anti-money laundering watchdog – The Telegraph

How the world’s central banks have set interest rates since the financial crisis – in one chart – The Telegraph

Identity fraud reached record levels in 2016 – BBC
Those under 30 are increasingly targeted, and people must be more vigilant about personal data.

Iceland’s recovery shows benefits of letting over-reaching banks go bust – The Telegraph

The five charts that show how economically risky Scottish independence would be – The Telegraph

Democrats question Trump ‘conflict of interest’ with Deutsche Bank investigation – The Guardian
Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor.

Lloyds Banking Group is about to outsource nearly 2,000 tech jobs to IBM – City AM
Lloyds is about to outsource nearly 2,000 tech jobs to IBM, according to the union representing the bank’s workers, in a billion pound deal that will save cash in the long term.

Misys merges with Canadian rival – The Telegraph

HSBC appoints AIA boss Mark Tucker as new chairman – BBC
The bank’s appointment of Mark Tucker breaks a tradition of appointing internal candidates to the role.

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