Tag: banking
A banker asked me, do I really believe fintech can change the banking business. I told him, let’s think about a typical bank account, its user gets one salary payment, pays a few bills and handles some card transactions each month, do you really need one-billion-dollar IT systems, 10,000 people and hundreds of branches to […]
Could we soon be opening an Amazon bank account and getting loans and mortgages from the e-commerce giant? Reports earlier this year that Amazon was considering buying the US bank Capital One highlight the fact that controlling how we buy goods, as well as where we buy them, would make a great deal of sense […]
Payments used to be a banking business. Now it is not, and the interests of the banks and the payments industry are no longer wholly coincident. The banks don’t own Visa and MasterCard any more, kids using Venmo neither know nor care whether it is a bank or not and there are plenty of non-bank […]
The death of cash in the U.K. is a slow burn and we often feel like the poor relation when compared to progressive countries like Denmark and Sweden where cash is increasingly marginalised. Much has been written about the costs of taking cards and how it puts retailers at a disadvantage compared to taking cash. […]
A close member of the family recently wanted to take advantage of the sign up bonus offered by a UK legacy bank (which shall remain nameless). Although he of course (as a family member) uses one of the new digital disruptor banks, as a student of limited means, the bonus was something not to be […]
The new administrations in the UK and USA are apparently planning to work together to create a new transatlantic America First / Buy British trade alliance. This will, it seems, include financial services. A deal to reduce barriers between American and British banks through a new “passporting” system was being considered by Mr Trump’s team […]
In a recent interview with efinancialcareers, Kerim Derhalli, Ex-Deutsche Head of Equities says banking careers are over for future generations. The reality for students embarking on a career in banking is bleak according to Derhalli. After spending 22 years in equities sales and trading, he believes that banking careers are over. Massive job losses in the […]
The news that a third of consumers would consider moving their personal bank account to Google, Amazon or Facebook is truly a sign of the times. It would also be fair to say that it made the inhabitants of DisruptiveViews HQ feel very old. The survey that produced this incredible set of results was conducted by […]
NEW YORK (Reuters) – Roughly one in three banking and insurance customers globally would consider switching their accounts to Google, Amazon or Facebook if the Silicon Valley giants offered financial services, according to a new survey on Wednesday. The survey, conducted by consulting firm Accenture, found that among 32,715 people polled in 18 countries there […]
The UK’s Competition and Markets Authority (CMA) has published its report on the retail banking market. It says, that “the timely development and implementation of an open API banking standard has the greatest potential to transform competition in retail banking markets”. I can’t say that I read all 766 pages, but given that I think that […]
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