Tag: banks
SYDNEY (Reuters) – Global technology titans including Amazon.com, LinkedIn and Expedia are moving into Sydney‘s central business district, providing a commercial property fillip just as Australia’s record housing boom starts to tire. The tech invasion – with locals now dubbing Martin Place, once the heartland of the finance sector, ‘Silicon Place’ – has tightened the […]
FinTech is disrupting the finance industry to the point where we’re likely to see quite a bit of M&A activity as a result. That activity could take several different forms, but one likely possibility is that FinTech or tech companies could acquire traditional finance names. It appears the transition for banks to really utilize FinTech […]
LONDON (Reuters) – The smartphone-based bank N26 expects to peel away 5 to 10 percent of retail customers aged 18 to 35 from established banks in its core continental European market in the next two to three years, its chief executive told Reuters. The Berlin-based fintech start-up has been signing up 1,500 to 2,000 customers […]
PARIS/LONDON (Reuters) – Telecoms giant Orange launches its own bank on Thursday, aiming to win 25 percent of France’s online banking market by capitalizing on the rising use of smartphones to steal share from established lenders with inferior technology. The launch is part of a push by the French firm to find alternative revenue streams […]
The other morning I read that the Tide business current account is taking 7% of the market for new customer accounts. A big achievement for a bank that’s less than a year old. (Strictly speaking Tide isn’t a bank as the card is an electronic money product but that doesn’t really matter when you look at […]
LONDON (Reuters) – Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court cases and IT outages, banks including Credit Suisse, Deutsche Bank and Lloyds […]
Wow. One of my very favourite companies has always been Worldpay. They have a very special place in my heart because many years ago, when they were first starting out, I was sent up to Cambridge by a client to go and meet them and assess what they were doing. As a junior deputy assistant under-consultant, […]
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 […]
Digital Trade Chain: IBM to build blockchain based trade finance platform for Europe’s largest banks. Seven of Europe’s largest banks have awarded IBM the contract for Digital Trade Chain, a blockchain based trade finance platform for SMEs. IBM announced this week that it had been chosen by a consortium of seven of Europe’s largest banks […]
Another waste of money is around the corner for the UK banking sector. “Almost 1 million UK bank customers will be forced to have to use new six-digit sort codes… The change has been caused by the Vickers rules, which force banks to ringfence their high street operations from other banking activities.” Almost 1m UK […]
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