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

HR Sagacity

Capital and Prudential Standards Blog

The Financial Brand

  • Fincompetent
    posted on January 31, 2015
    To my delusional bank and credit union friends: Feel free to deceive yourselves into thinking that you provide superior service or that your "people" differentiate you.
  • Education Is The Key To Marketing Reverse Mortgages
    posted on January 30, 2015
    Reverse mortgages are the least-known and most-misunderstood weapon in the mortgage arsenal, creating opportunities for savvy financial marketers.

The National Bank Examiner

  • posted on January 24, 2015

  • posted on December 30, 2014

Nick Dunbar

  • When the Old Lady slept: the Bank of England and the financial crisis
    posted on January 29, 2015

    Among those responsible for UK regulation during the financial crisis, the Bank of England came out of it rather well. The Treasury had to bail out the banks (and unlike its US counterpart, it hasn't yet been paid back). The Financial Services Authority was disgraced and dismantled. The BOE on the other hand, emerged with … Continued

  • Most-read articles of 2014
    posted on December 31, 2014

    Is the sharing economy a new form of regulatory arbitrage? That was the question posed by my most popular article this year. Published in January, my take on Uber turned out to be prescient, as the ride sharing company attracted increasing regulatory headwinds around the world. The second most-read new article is actually a pair … Continued


  • Surge!
    posted on December 30, 2014
    So-called “surge pricing” is not the main thing to worry about with Uber. Investors who value the ethically challenged firm at an astonishing $40B have made a cynical (also ethically challenged) bet that “network effects” will permit the firm to basically own the 21st century successor to the taxi industry. Our main concern should be […]
  • Some thoughts on QE
    posted on November 2, 2014
    “Quantitative Easing” — economics jargon for central banks issuing a fixed quantity of base money to buy some stuff — has been much in the news this week. On Wednesday, US Federal Reserve completed a gradual “taper” of its program to exchange new base money for US government and agency debt. Two days later, the […]

Tomorrow's Transactions

The D&O Diary

  • Another Litigation Reform Bylaw Variant: The Minimum Stake to Sue Bylaw
    posted on January 30, 2015
    In prior posts, I have noted the growing phenomenon of companies adopting various types of bylaws as a self-help version of litigation reform. Delaware's courts have already approved the facially validity of both forum-selection bylaws and of fee-shifting bylaws, although measures pending in Delaware legislature in 2015 could address the fee-shifting bylaw. Other courts have … Continue Reading
  • Guest Post: Hack to the Future: Ten Cyber Risk Developments Watch in 2015
    posted on January 29, 2015
    Without a doubt, during 2014, cyber security emerged as one of the critical topics for discussion. In the following guest post, Bill Boeck, who is  senior legal and claim resource worldwide for cyber and executive risk coverages and claims at Lockton Financial Service, takes a look at the top cyber risk developments to watch in … 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

  • 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
  • Resolution Protocol: Staying Power?
    posted on November 17, 2014
    The launch of ISDA's Resolution Stay Protocol*, which opened for adherence last week, has inspired a variety of comments in the press. Among them are articles reporting on concerns expressed by some buy-side firms - an important element of our … Continue reading

Portals and Rails

  • Tackling Fraud with Data
    posted on January 26, 2015
    As the dust settles on the 2014 retail holiday season, it isn't surprising to learn that e-commerce was once again the winner. ComScore reported that online holiday spending through December 21 was $48.3 billion, a 15 percent increase over 2013....
  • Phone Scams: Still Calling Around
    posted on January 20, 2015
    With 2014 filled with news about data breaches and faster payments and new technologies trying to jumpstart various payment applications, it was easy to forget about that old-fashioned device, the telephone, and the role it can play in fraud. (It's...

Bank Lawyer's Blog

  • Disparate Impact: Liz Goes Loony
    posted on January 28, 2015
    In full-spittle mode, Lizzie Warren let the hysterics and flop-sweat fly last week in an Op-Ed piece for the Wapo, in which she warned that if the SCOTUS strikes down "disparate impact" in the context of fair lending laws, the...
  • CFPB's Mini-Me
    posted on January 25, 2015
    Melanie Brody and Anjali Garg of K&L Gates warned us last week about a new trend in perils for those who wish to provide financial services to consumers. At the end of 2014, the New York Department of Financial Services...

The Bankwatch

  • Signs we are in the midst of a demographic shift
    posted on January 30, 2015
    Looking backwards we can readily see the impacts of large demographic cohorts on economy, fashion, trends, and yes – banking. Past examples: housing value growth stock market growth cruise ship growth fast food growth music and radio genre rise and fall Lately I have been sensing we are in the midst of another big shift […]
  • iPhone sales drive Apple to new records
    posted on January 27, 2015
    Filed under: Uncategorized

Celent Banking Blog

  • This is what happened when I took my kids to open their first bank account
    posted on January 29, 2015
    My wife and I decided that it was time. Time to introduce our 2 daughters to a bank and open their own accounts. Our girls are old enough (ages 8 and 6)  to understand what a bank is, plus they hear their daddy talk way too much about banks. So far, their birthday money has been […]
  • Apple's Earnings Call: An Encouraging Story About Apple Pay
    posted on January 28, 2015
    Yesterday Apple announced its results for Q1 2015: revenue of $74.6 billion, profit of $18 billion over the three months, apparently the largest quarterly corporate earnings of all time. While these numbers are hugely impressive, of course, the payments industry was looking for any hints of Apple Pay performance. This is what we learned: On […]


  • Random Thoughts on Reform
    posted on January 30, 2015
    I just finished discussing the "random walk" theory in my Corporate Finance class, so I thought I would close out my stint on Credit Slips with some "random thoughts" on reform. First, two expressions of sincere gratitude: I want to...
  • Bankruptcy Valuations: A Pair of Modest Proposals
    posted on January 29, 2015
    I want to take up Michelle Harner's call for "innovation and new approaches to valuation". Valuation may well be the most important issue in bankruptcy, and it is also the issue that is least subject to meaningful judicial review. Imagine...

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...


  • We Will Never Get to the Omni Promised Land
    posted on January 28, 2015
    "Omnichannel" is just an idea designed to opiate our minds into thinking the complex, hard work of bank technology is easy.
  • The Mobile Banking Triple Play
    posted on January 19, 2015
    Customers are supposed to feel good about all the money they saved with a "triple play." Why are so many of them experiencing "sticker shock?"

Inside the Underbanked

  • Disrupting Auto Finance
    posted on October 30, 2014
    Last year, I woke up to the sleeping giant of auto finance. Over the last decade, we've witnessed an explosion of startups building software that dramatically cuts inefficiencies in the exchange of information, goods, and services - disrupting industry incumbents in the process. In the last year, Silicon Valley is finally turning its attention to […]
  • My Comments on Underbanked Opportunity on Bloomberg TV
    posted on October 2, 2014
    Bill Gates gave a speech at Sibos today, and for some unexpected reason Bloomberg TV reached out to me to comment on why the unbanked are important.  It turned into a cool 7 minute segment on Core, how our portfolio companies are improving people's lives and how Visionaries, like Amex, are avoiding the traditional missionary and […]

Javelin Strategy & Research

  • Don't Go Soft, Google!
    posted on January 22, 2015
    There are multiple unsubstantiated rumors in the press at the moment regarding the potential acquisition of Softcard (formerly Isis) by Google. TechCrunch and the WSJ have "sources" that Google intends to pay $50 to $100 million for the beleaguered mobile initiative – a veritable fire-sale. But what would Google gain from this? In my opinion,...
  • Dear Payments Industry, You forgot about the cashiers.
    posted on January 20, 2015
    Can I use Apple Pay? What's applespay? No, Apple Pay. I mean, can I use my phone to pay for this? Um, like Google or whatever? I wouldn't, it's super unsafe, like, people can steal your stuff.  Since I didn't have time to explain to the Sephora cashier that not only is Apple Pay more...

Liberty Street Economics


  • Apply to Demo Your Latest FinTech Innovation at FinovateSpring 2015!
    posted on January 14, 2015
    With the presenter roster set for FinovateEurope, we've begun our global search for the financial technology innovations that will be showcased at FinovateSpring in Silicon Valley on May 12 & 13.   Last year, FinovateSpring welcomed a record crowd...
  • Capital One's Well-Designed "Suspicious Activity" Email Alert
    posted on January 5, 2015
    I've used Capital One's credit card fairly actively for the past 4 or 5 years. And they've rarely, if ever, declined a charge (and there has never been any fraud on the card). The last fraud message I can...

Zoot Blog

  • 2015: The year banks take back banking
    posted on January 30, 2015

    It has been 25 years since I started Zoot in the basement of my home. Back then some of the most innovative banks were looking for unconventional solutions that would make their businesses stronger and their customers happier. Fast forward to 2015 and our clients’ needs haven’t really changed; automated processes, realtime transactions and tools … Continue reading →

  • Is the end near for banks? A call to action.
    posted on January 23, 2015

    Jack Welch, famous CEO from General Electric once said, “If the rate of change on the outside exceeds the rate of change on the inside, then the end is near.”

    Many banks today are facing an unprecedented challenge just like this. Often, internal processes designed to protect the institution; slam the brakes on new ideas. … Continue reading →

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