Our biggest stories of the past week are ...
I spent last week in the Middle East, travelling the region and seeing some sights as well as meeting many banks from across the region. As always, it’s an interesting space and place, full of Eastern promise as they say....
During my trip around the Middle East, I met a
lot of banks looking at a lot of new ventures with lots of dialogue about new
business models, new products and services, new organisational structures and
new ways to communicate...
The future bank will be like Siri
I spent a day strategising with one of the Middle Eastern banks about the launch of a direct bank service. One of the key questions they asked me is: do we organise the back office in the same way as...
I’m speaking at a conference on the future of payments today for one of the world’s largest suppliers of payments terminals. They asked me my views on the future of the point-of-sale, and I said that it would disappear. Not...
I realised that it was over ten years ago when I started banging on about mobile payments and tablet computing. It struck me particularly when I revived this video that I made back in 2000. From Chris Skinner's videos on...
We entertained Alex at the Financial Services Club last night …
The major general news stories of the past week include ...
Debit and credit card fraud has increased as con-artists turn to unsophisticated snatching and Pin theft, an industry body says.
Marks & Spencer to open 28 more bank branches - The Independent
Marks & Spencer today announced plans to open 28 bank branches by the end of the year, as its first current accounts went live.
New P2P Payment Methods: Have Paper Checks Met Their Match? - Payments News
The Federal Reserve Bank of Kansas City has released a new paper entitled "New Person-to-Person Payment Methods: Have Checks Met Their Match?". Compared with person-to-person payments via cash or checks, new methods now available to consumers offer significant advantages but still leave gaps in service, suggesting a role the Federal
Upbeat Hester says RBS is reaching recovery point - The Independent
The chief executive of part-nationalised Royal Bank of Scotland says it is nearing the point of becoming "recovered", and will complete a major restructuring by next year.
Kweku Adoboli's colleagues 'knew of his illicit trades' - The Telegraph
Colleagues of the alleged rogue trader Kweku Adoboli knew about his fake trades four months before he was arrested, a court heard.
Broker admits £32m Ponzi scheme - The Independent
Nicholas Levene, the Bentley-driving former stockbroker who spent a spell as deputy chairman of Leyton Orient Football Club, looks set to face a long prison sentence after yesterday admitting to orchestrating a £32m "Ponzi" fraud.
America's sixth-largest credit card issuer will pay $200m (£123m) in refunds to settle accusations it misled customers into add-on services.
A £30bn talk for Merkel and Hollande - The Independent
Ostensibly, they met to celebrate the 50th anniversary of a landmark speech by Charles de Gaulle to the youth of Germany. But yesterday's talks between the French President François Hollande, and German Chancellor, Angela Merkel were thought to be dominated by the proposed £30bn merger of Britain's BAE Systems and
Paul Volcker sees the current era of economic and political turmoil as one of the most difficult periods in history.
Paul Volcker: ring-fencing banks is not enough - The Telegraph
Ring fencing Britain's banks will not protect taxpayers in the event of another financial crisis, according to Paul Volcker, the former chairman of the Federal Reserve and the architect of the "Volcker Rule".
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