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The Banker's Blog Watch

Track industry talk and discussion via headline feeds from industry blogs selected by American Banker editors.
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Today's Featured Post:

Felix Salmon

Why clearXchange Is Great for Payments
ClearXchange is a clear competitor to the likes of PayPal and Popmoney, but it’s not an existential threat to those companies. Instead, the reason I like it is just that it brings peer-to-peer payments where they belong, to the level of the bank account. And it’s likely to set a new benchmark of $0.00 for the cost that consumers pay for such payments.



Thoughts on the Future of Finance

  • Blockchain is where banks have the most obvious opportunity. But you ignore Bitcoin at your peril
    posted on May 12, 2015
    Nasdaq's recent announcement shows you need a strategy for both I have argued for some time that the world of "blockchains" is actually two worlds: the permissionless world of "bitcoin-like systems" and the permissioned world of "ripple-like systems". The reason we so often talk about them together is because they share a common architecture: the […]
  • How to explain the value of replicated, shared ledgers from first principles
    posted on April 27, 2015
    "Digital currencies" aren't needed to explain why distributed ledgers are important. In this post, I develop an argument for replicated shared ledgers from first principles. It is intended to be an "education piece" aimed at those, particularly in the finance industry, who prefer explanations of new technologies to be rooted in a description of a real-world business […]

HR Sagacity


Capital and Prudential Standards Blog


The Financial Brand


The National Bank Examiner


  • posted on March 18, 2015

  • posted on January 24, 2015

Nick Dunbar


Interfluidity

  • There is a name for this
    posted on April 30, 2015
    I’m reading a lot of crap about riots in my hometown. Fuck you all and your firehose of useless, self-serving, careerist punditry, your giant spotlight that cares not a whit about all the things it pretends to illuminate but will blather with equal earnestness and concern about the next thing tomorrow just like it did […]
  • Tangles of pathology
    posted on April 8, 2015
    Trilemmas are always fun. Let’s do one. You may pick two, but no more than two, of the following: Liberalism Inequality Nonpathology By “liberalism”, I mean a social order in which people are free to do as they please and live as they wish, in which everyone is formally enfranchised by a political process justified […]

Tomorrow's Transactions


The D&O Diary

  • Guest Post: Courts Uphold California Privacy Claims Despite Vague Allegations: Opening The Litigation Floodgates?
    posted on May 20, 2015
    Among the many concerns that arise whenever unauthorized appropriation or use of consumer data occurs is the possible violation of the consumers' privacy that the access may represent. In numerous cases, aggrieved parties have tried to assert claims for these alleged privacy violations, but by and large these attempts have not been successful. However, as… Continue Reading
  • The Anti-Corruption Enforcement Problem
    posted on May 19, 2015
    For many years, the U.S. was the only country actively seeking to use its laws to fight corruption. However, more recently, a number of other countries have enacted their own anti-bribery laws while other countries have become more active in pursuing anti-bribery enforcement - including not only Germany, South Korea and Britain, but also Brazil… Continue Reading

Bank Talk


Deus Ex Macchiato

  • Three quotes and an apology
    posted on May 2, 2014
    The resumption didn’t happen: sorry. I just didn’t feel like writing. Even the Michael Lewis/HFT thing couldn’t rouse me from my stupor, mostly because it is so obvious what you need to do to fix these issues*. There is a three day weekend ahead. I don’t anticipate writing much any time soon, but let me […]
  • Sorry folks
    posted on March 26, 2014
    I’m horrendously busy, and unlikely to be blogging for some weeks. Normal service might be resumed by mid-April, but more likely there will be fewer but hopefully longer posts. Happy Easter

ISDA Media Comment

  • The Credit Derivatives Mailbag
    posted on February 3, 2015
    Some recent press articles have raised questions about the process for determining whether a credit event has occurred and therefore whether credit derivatives should trigger. Many of the articles have focused on the ISDA Credit Derivatives Determinations Committees (DCs). So, … Continue reading
  • Storm Warnings
    posted on January 27, 2015
    As the eastern US hunkers down in the face of a potential historic snowfall, a storm of a different sort hit the derivatives markets yesterday, courtesy of The Wall Street Journal. The article claims there has been little change in … Continue reading

Portals and Rails

  • A Presumption of Innocence
    posted on May 18, 2015
    Presumption of innocence is a principle that goes all the way back to Roman law. This concept means that if reasonable doubt remains after the accuser presents his or her proof, then the accused must be acquitted. In the payments...
  • The Hill Tackles Cybersecurity
    posted on May 11, 2015
    In a post last month, Take on Payments highlighted recent cybersecurity-related executive orders. Cybersecurity has been a hot item inside the Beltway in 2015, and the activity hasn't been limited to the executive office. Beginning on April 22, the House...

Bank Lawyer's Blog

  • Reality Check
    posted on May 20, 2015
    While ideologues pontificating from ivory towers claim that community banks don't need regulatory relief, since they are doing just fine financially, boots on the ground tell a different story. Community banks are drowning in a torrent of regulatory compliance costs,...
  • Banks: Targets of Opportunity
    posted on May 17, 2015
    Conservative economist Larry Kudlow claims that while bank-bashing didn't work for the Labor party in the recent UK elections, banks in the US should gear up for a round of groin-kicking from both sides of the US political spectrum as...

The Bankwatch

  • RBC add Mobile Cheque Deposit
    posted on May 21, 2015
    RBC join the Mobile Deposit club in Canada. This leaves ScotiaBank and BMO of the big 5 Bank without this mobile service. Filed under: Uncategorized
  • Krebs has it right - you are the one who has been hacked
    posted on May 19, 2015
    How many times do we hear that another site has been hacked, whether icloud, twitter, Facebook, Sony and now Starbucks. The media generally does an extremely poor job on describing these situations, and the average user just gets confused. This is a different scenario than Target Krebs sums the recent Starbucks situation up well here. […]

Celent Banking Blog

  • Same-day ACH: is anyone excited?
    posted on May 22, 2015
    This week's NACHA vote in favor of mandatory rules changes enabling same-day ACH settlement is no surprise. Some of the press coverage suggests this represents some sort of significant achievement. Really? By March 2018 (when the network is currently expected to be able to fully support systemwide changes) I predict there will be industrywide consensus […]
  • Reflections on Nacha Payments 2015
    posted on May 20, 2015
    As many of you know, I’ve been on something of a world tour, which started with Nacha Payments in New Orleans in mid-April. Expect a flurry of blogs as I pass on my impressions from my travels, starting with the Nacha show. Whilst I may live in London, I have global coverage. Payments is an […]

CreditSlips


CU Soapbox

  • The Hot Swappable Life
    posted on August 13, 2014
    by Ron Daly A business associate was telling me a crazy story just the other day. He was holding out his credit card to pay for lunch and I noticed it was a shiny, newly-issued card. "Just get that card?"...
  • I don't know where you are...but I know where you AREN'T.
    posted on July 16, 2014
    by Ron Daly I don't have spy satellites. I don't have access to your GPS. I'm not the NSA, nor am I Google, nor am I any other intelligence gathering agency, public or private. I don't know where you are...but...

GonzoBanker


Inside the Underbanked

  • Show me the Money
    posted on April 23, 2015
    Everyone in the financial services industry is very excited about the digitization of money.  How exciting it would be to forego cash (and those annoying checks), in favor of a more efficient world of commerce and assets.  At the hand of Bitcoin, the argument goes, or Apple Pay, or what-not…
  • It's not just the Underbanked who are Underbanked
    posted on February 11, 2015
    We’re all underbanked.  A lion-share of Americans aren’t “making bank.”  Most of us simply don’t earn enough to support a basic standard of living.  Yes, there is a big part of our population that poorly utilizes banks and therefore over-utilizes expensive solutions that leave most of their customers poorer.  The larger reality is that the…

Javelin Strategy & Research

  • Finovate Showed That Fintech is Becoming Personal. Will Banks Have the Confidence to Be "Creepy" Too?
    posted on May 22, 2015
    Every few years I like to go back and re-read a clever little article called Imagining the Google Future. In 2006, CNN tapped a group of tech gurus and futurists to cook up four visions for the company's evolution. With a decade of hindsight, a few of the details look a bit silly. But on...
  • 4 Trends to Watch at Finovate
    posted on May 7, 2015
    I always circle the spring Finovate show on my calendar because it offers insight into the future of fintech. Inevitably, two questions get asked: First, which of these companies should be on the radar for bankers, investors, and consumers? Second - and this is my favorite part of the hobnobbing and side bets - which...

Liberty Street Economics

  • Why Are Interest Rates So Low?
    posted on May 20, 2015
    Marco Del Negro, Marc Giannoni, Matthew Cocci, Sara Shahanaghi, and Micah Smith Second post in the series In a recent series of blog posts, the...
  • The FRBNY DSGE Model Forecast--April 2015
    posted on May 18, 2015
    Marco Del Negro, Marc Giannoni, Matthew Cocci, Sara Shahanaghi, and Micah Smith First in a two-part series There are various types of economic forecasts, such...

Netbanker


Zoot Blog

  • Identity Verification in a Digital Age: The Implications for Banking
    posted on May 8, 2015

    A fascinating conversation I had with a millennial at ID360, an identity conference sponsored by the University of Texas Center for Identity, has me wondering about the future of identity and the future of our nation. The question that jump-started the debate is whether consumers should be able to change identities, or maintain multiple identities, … Continue reading →

  • Regulation + Culture = An Asset or Liability?
    posted on April 23, 2015

    Regulation has been perceived in the financial industry as a punitive measure meant to prevent bad behavior. Right or wrong that perception needs to change. This begins with changing the role of regulators--from a role that focuses less on signing paperwork to one that helps banks evolve their culture to do what is right for … Continue reading →

 
 
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