The Finanser Week: July 1 – July 7, 2024

This week’s top blog discussions include…

July 4th? It’s Bank Independence Day!

On the 4th of July, my American friends always give the middle finger to Britain and proudly celebrate Paul Revere’s midnight ride that led to Independence Day on July 4, 1776. Great… but what about banking Independence Day? Most central banks, including the Federal Reserve, are independent of government control. Why, and more importantly, why is…

A new British government: what does it mean for fintech?

The 4th of July – traditionally the day I consider American independence – is British Independence Day this year. A revolution sparked by a sloppy government that barely had the competence to run the country was overthrown by a left-wing political party called Labour. We have swung from right to left after fourteen years…

So you think digital banking is at an end?

I was thinking recently about whether we need another digital bank in the UK. I know this one is UK-focused and I’m very aware of digital banking developments in other countries, but the UK kind of took the lead with the launch of Monzo, Starling, Wise and Revolut a decade ago. They could be the headlines…

How China is promoting America’s drug addiction through the Mexican drug cartels and the banks

I find it funny that we talk so much about onboarding, KYC (Know Your Customer) and AML (Anti-Money Laundering), and yet the whole system is broken. Every day, everyone tries to circumvent the system in any way they can. You may think that opening an account is difficult. You have to send identification documents; you have to…

Why women are treated unfairly in banks

Being out of a bank account is pretty bad… just ask Nigel Farage or Chris Skinner… but what if you’re a woman? Since money is everything, does that make women fare well? Not really. All over the world, women have less access to and use of banking, and yet women are the global influencers of the financial world. What is…