Views
Mapping disruption across industries will look like a lava lamp
Disruption will not be consistent, nor global. It will be patchy, opportunistic and will depend to a huge extent on culture. It will look like a lava lamp. Read more…
banking
Off the Wire
Digital upstarts disrupt traditional bank revenues: report
New entrants to the banking market – including challenger banks, non-bank payments institutions and big tech companies – are amassing up to one-third of new revenue, which is challenging the competitiveness of traditional banks, according Read more…
News
Digital tech not responsible for anaemic inflation: ECB
FRANKFURT (Reuters) – Rapid technological advances cut inflation only marginally and temporarily, Bundesbank President Jens Weidmann said on Monday, weighing in on one of the biggest debates in modern central banking. With much of the Read more…
Views
Why (and how) the banks of the future must ‘Amazonize’ themselves
Open banking will require banks to ‘Amazonize’ themselves, where products are created as API services and distributed throughout the consumption of API services. Here’s how they could go about doing that. In his new book Read more…
News
Banking regulators unruffled by FinTech disruption
LONDON (Reuters) – Global banking regulators signalled on Monday they were in no rush to adapt their rules to financial technology firms that have begun nibbling away at banks’ markets. The regulators looked at how Read more…
News
SWIFT warns banks: get ready for more cyber heists
(Reuters) – SWIFT, the global messaging system used to move trillions of dollars each day, warned banks on Wednesday that the threat of digital heists is on the rise as hackers use increasingly sophisticated tools Read more…
Features
Why the Bitcoin bubble is keeping central bankers up at night
FRANKFURT (Reuters) – Central bankers say the success of Bitcoin and other cryptocurrencies is just a bubble. But it keeps them awake at night because these private currencies threaten their control of the banking system and Read more…
News
Accenture to develop blockchain interbank payment platform in Singapore
NEW YORK (Reuters) – US consulting company Accenture said on Thursday it has been appointed by the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) to manage and develop a Read more…
News
More banks join IBM and UBS in blockchain transaction initiative
NEW YORK (Reuters) – Commerzbank, Bank of Montreal, Erste Group Bank and CaixaBank have joined an initiative launched by UBS Group and IBM aimed at building blockchain-based technology to support trade finance transactions. The platform, Read more…
Views
Banks don’t “get” disruption because they don’t know what customers want
A banker recently asked me if 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 Read more…