Category Archives: Uncategorized

xxx “Lawmakers should authorise the creation of a ‘fintech’ charter allowing new entrants to do some things that only banks can do now. We need to break the banks’ monopoly. The Office of Comptroller of Currency has been considering such a charter, but its legal basis is shaky, and lobbying has stalled the effort.” FromContinue reading “Fintech in the US is stymied by old-fashioned regulators | Financial Times”

xxx “That profitability is partly due to WeBank’s less capital-intensive model than Alipay’s. WeBank takes only 20 per cent of the loans it extends on to its own balance sheet, syndicating out the remaining 80 per cent to local banks where its borrowers are located. ‘We partner with banks that would otherwise not be ableContinue reading “Alipay and WeBank competition heats up as China reins in leverage | Financial Times”

xxx “Last year, the average British household spent about £900 more than it received in income — a collective overspend of over £25bn, much of it financed with borrowed money. This is the first time in 30 years there has been a deficit.” From “What would it take for you to switch your bank account?Continue reading “What would it take for you to switch your bank account? | Financial Times”

xxx “Four in ten signatures written in the UK are now to sign for deliveries” From “Traditional signatures are dying out amid digital revolution”. xxx

xxx “Mobile data analytics company Ogury carried out a study of just over 1.5m mobile users in the UK between April 9 and July 1 this year, and it found the top ten most-used ‘banking’ apps, which include the fintech hopefuls, were all traditional high-street banks.” From “UK fintechs aren’t eating the banks’ lunch justContinue reading “UK fintechs aren’t eating the banks’ lunch just yet | FT Alphaville”

xxx “The proposals aim to ban tickets sold at more than face value will apply to ‘designated venues’ which hold 1,000 or more people and will ban the use of ‘bots’ by resellers to purchase tickets on primary ticketing websites such as Ticketmaster.” From “Ticket reselling ban is good news but will it stamp outContinue reading “Ticket reselling ban is good news but will it stamp out touts?”

xxx launching a review into how to make data portability work best for all consumers in regulated markets as part of a ‘Smart Data’ review, building on the approach pioneered by Open Banking From Business Secretary unveils reforms to give consumers a better deal – GOV.UK. xxx

xxx For bankers seeking to understand digital currency, Dave Birch’s Before Babylon, Beyond Bitcoin is an insightful, witty look at how money has changed over the ages. From 12 books for bankers this summer | American Banker. xxx

xxx “Snapcash ended up as a way to pay adult performers for private content over Snapchat, not just a way to split bills with friends. But Snapchat will abandon the peer-to-peer payment space on August 30th.” From “Snapchat will shut down Snapcash, forfeiting to Venmo | TechCrunch”. xxx

xxx “very excited to be going to the Edinburgh Festival this August. My show is called Dominic Frisby’s Financial Gameshow. It’s at 5pm at the Gilded Balloon.” From “Dominic Frisby’s Financial gameshow | Dominic Frisby”. xxx