Wednesday, 30 March 2016
Apathy towards traditional banks is born of frustration. For a generation who have embraced the likes of Google, Amazon and Uber, feeling the need to use a physical branch to make financial decisions is unappealing.
Friday, 18 March 2016
Who’d be a challenger bank, eh? Getting that cool digital offering to market is a long and winding road with many a treacherous turn as mobile-only newcomer Mondo has been finding out. Earlier this month, it was forced to reboot a crowdfunding initiative after an initial demand for participation overwhelmed Crowdcube’s servers.
And now the startup (tagline: Finally, a bank as smart as your phone) has been experiencing teething problems following the launch of a public Beta, inviting iPhone users across the UK to download its app from the App Store.
Wednesday, 16 March 2016
Wednesday, 9 March 2016
Immediately following the 2008 crash we should have been at the peak of regulatory change. Indeed, there were some very rapid responses, such as the 2009/2010 UK liquidity regime. The mountain of reform needed was far greater than initially understood, ranging from structural change to Basel III.
As a result of the size of the change needed, it has been slower. Bank business model changes have arisen as a result of the redefinition of capital, the meaning of high quality and, of course liquidity. In addition, the amount of capital reserves and liquidity have increased. But now that Basel III is largely in place, is the avalanche over?
Tuesday, 8 March 2016
Another significant move by BBVA as it this week acquires Finnish online banking start-up Holvi. You have to hand it to the Spanish FI, when it comes to facing up to FinTech disruption, it is leaving many of its counterparts in the dust.