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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

  • Corda: An Introduction
    posted on August 24, 2016
    Announcing the Corda IntroductoryWhitepaper The Wall Street Journal had a couple of good pieces this morning that describe some of the work we're doing at R3 and our vision for the future of financial services. Project Concord is our codename for the overall vision, withCordaas our underlying distributed ledger software. I first wrote about Corda […]
  • Introducing R3 Corda(TM): A Distributed Ledger Designed for Financial Services
    posted on April 5, 2016
    As reported in Bloomberg this morning, I'm delighted to confirm that R3 and our member banks are working on a distributed ledger platform for financial services: Corda(TM). I explain it on our official R3 blog and reproduce it here. For the last six months, my team and contributors from our membership have been building a […]

HR Sagacity


Capital and Prudential Standards Blog


The Financial Brand


The National Bank Examiner


  • posted on July 9, 2016

  • posted on March 11, 2016

Nick Dunbar




Interfluidity

  • Attributions of causality
    posted on June 24, 2016
    Like a lot of people, I think, I’m a bit dazed by the fact that apparently, really, the British public has voted to leave the EU. I’d prefer we lived in a world that was coming together rather than fraying apart. Other than that I’ll refrain from comment and just wish everybody the best. I […]
  • A parliament without a parliamentarian
    posted on June 19, 2016
    I mean to write a bit about the “DAO hack“, which provides a fascinating true-crime introduction to the fascinating (virtual) world of blockchains and cryptocurrency if you don’t already follow this stuff. But before saying what I think about that DAO-stardly DAO-eed, I think it might be useful to explain what I think “blockchains” are, […]

Tomorrow's Transactions


The D&O Diary


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

  • Paddling Hard for Margin Implementation
    posted on August 26, 2016
    This past month in derivatives markets has felt a bit duck-on-a-pond-like. On the surface, it all looks calm, the duck is serenely gliding along, with nothing more than the occasional quack to break the silence. Under the water, though, its … Continue reading
  • Margin Settlement Blues
    posted on June 23, 2016
    Our days at ISDA start pretty much the same as everywhere else: get into work, sip on a double macchiato, and get up to speed with the day's events. Given the avalanche of emails and news alerts, the challenge is … Continue reading

Portals and Rails


Bank Lawyer's Blog

  • Rent Seeking "Reform"
    posted on August 21, 2016
    In an opinion piece in the Wall Street Journal, Holman W. Jenkins, Jr. responds to a New York Times editorial that claimed that President Obama has been frustrated throughout his two terms by the "political dysfunction" caused by a recalcitrant...
  • No Light At The End Of The Tunnel
    posted on August 14, 2016
    Investment banker (and former OTS official) C.K. Lee has been keeping his finger on the pulse of the financial institution capital markets for years, and when it comes to the future of de novo banks, the outlook, to him, looks...

The Bankwatch

  • The Tragically Hip farewell concert in Kingston brings Canada to a standstill
    posted on August 20, 2016
    Few outside Ontario Canada know about this. I watched as the national broadcaster CBC showed it ad free. This was up there with the <a href=”https://www.youtube.com/watch?v=2tAE2K3YT_A”>Cream farewell at the Albert Hall</a>. I admit to not even being a Hip fan. They just were not that big in western Canada where I spent my early time. […]
  • Hong Kong-based Bitcoin exchangeBitfinex customers lose 120K BTC
    posted on August 3, 2016
    Bitcoin reporting continues to be as vague as the average persons understanding of Blockchain. Nonetheless this loss will be closely followed. The last big loss was 2 years~ ago at MtGox in Japan, and that resulted in the exchange being shut down. Following MtGox closing in bankruptcy, here are the reasons according to Wired: But […]

Celent Banking Blog

  • Will Banks Eventually Lead in Retail Digital Sales Growth?
    posted on August 19, 2016
    I subscribe to Marcus & Milichap’s research blog. Getting my head out of banking from time to time is refreshing and provides useful perspective. A recent blog post commented on the changing make up of commercial property construction as a result of the continued growth in digital commerce. The completion rate of new construction (measured […]
  • Cash isn't dead..and unlikely to be either
    posted on August 16, 2016
    My first post in this focussed on a survey from the US which suggested that cash would be dead in the US within a generation. And as my blog points out, that is highly unlikely for many other reasons, not least because millions of US citizens can only use cash currently. This second post was […]

CreditSlips

  • Disarming Holdouts in Sovereign Debt Restructurings
    posted on August 25, 2016
    The pari passu litigation against Argentina--discussed extensively here on Credit Slips, on FT Alphaville, and elsewhere--caused many people to worry that future government debt restructurings would become more difficult. Some have their eye on Venezuela as the next to default,...
  • Police Misconduct in Bankrupt Cities
    posted on August 23, 2016
    Bankruptcy filings by major cities have reinvigorated attention to municipal bankruptcy. As chapter 9 and its application have become more like chapter 11, a wide range of creditors are being swept into the process. As written before, city cases now...

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

  • Top 4 Performance Stats That Will Blow Your Mind
    posted on August 31, 2015
    Here are four process benchmarks that will blow your mind.
  • Don't Be a Cold Fish
    posted on August 19, 2015
    Warm Pulse and Cold Fish banks are duking it out largely on sales productivity. Performance driven by organic growth is what differentiates one from the other.

Inside the Underbanked

  • Carving up the Gecko
    posted on June 1, 2015
    At Core we’ve been getting more and more excited about insurance – not too worry, we’re not becoming actuaries anytime soon– and thepotential for start-ups to disrupt that incredibly boring, but entirely giganticwhole industry. I owe a special gratitude to Thomas Smyth - who dropped into Core on a lark…
  • 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…

Javelin Strategy & Research


Liberty Street Economics

  • How Do People Revise Their Inflation Expectations?
    posted on August 22, 2016
    The New York Fed started releasing results from its Survey of Consumer Expectations (SCE) three years ago in June 2013. The SCE is a monthly, nationally representative, internet-based survey of a rotating panel of about 1,300 household heads. Its goal, as described in a series of Liberty Street Economics posts, is to collect timely and high-quality information on consumer expectations about a broad range of topics, covering both macroeconomic variables and the household's own situation. In this post, we look at what drives changes in consumer inflation expectations. Do people respond to changes in recent realized inflation, and to expected and realized changes in prices of salient individual commodities--like gasoline? Understanding what drives inflation expectations is important for the conduct of monetary policy, since it improves a central bank's ability to assess its own credibility and to evaluate the impact of its policy decisions and communication strategy.
  • Historical Echoes: That's Where the Celebrity Advertising Was, or the Gentleman Bank Robber
    posted on August 19, 2016
    In 1970, New Britain Bank and Trust (inactive as of 1984) ran a television advertisement that starred a real-life bank robber touting a safety feature of its new "face card." (A History Channel video includes interesting preliminaries about how the journalists obtained the ad; the ad itself starts at 5:44.) Why would this bank be willing to create such an ad? Of course, neither this bank, nor any other bank, nor any Federal Reserve Bank would condone the act of robbing a bank. But this particular thief, the notorious Willie Sutton (1901-80), was different from typical bank robbers. Let's consider why:

Netbanker

  • Friday Fun: Banking with Coffee
    posted on August 27, 2016

      The connection between banking and coffee is tenuous at best. However, a number of banks (especially in the United States) have underused lobbiesand there appears to be an infinite appetite for caffeine. So when demandmeets supply, there are opportunities. I know you’ve heard this all beforefrom me 11 years ago(yikes), The Wall Street Journal Read more...

    The post Friday Fun: Banking with Coffee appeared first on Finovate.

  • SafetyPay Launches in Belgium
    posted on August 26, 2016

    Online payment solution SafetyPay began operations in its 21st country this week. The Florida-based company now operates in Belgium, expanding its global footprint which covers the U.S., Canada, Europe, and Latin America. For SafetyPay, expanding operations in Europe fulfills one of the company’s strategic objectives. The expansion also makes good business sense; half of the Read more...

    The post SafetyPay Launches in Belgium appeared first on Finovate.


Zoot Blog

  • The Confounding Threat of Synthetic Identities
    posted on August 10, 2016

    Our fraud series on Zoot Blog recently discussed a multitude of threats facing the financial industry and provided insight regarding next steps in prevention. One thought provoking point raised during these conversations is that criminals are taking advantage of banks’ desire to provide a frictionless customer … Continue reading →

  • Changes to the Military Lending Act: An Update
    posted on August 5, 2016

    In June, ZootBlog provided important information regarding changes to the Military Lending Act (MLA). As promised, we're providing the most recent updates to inform lenders as they prepare for the target compliance dates of October 3, 2016 and October 17, 2017 (credit card only).

    There is … Continue reading →

 
 
Moving Money Across Borders, Phone to Phone
Bill Barhydt, founder of startup Abra, explains how his company's mobile app uses bitcoin as a payment rail for cross-border remittances while solving the foreign exchange risk and last-mile problem that have hampered adoption of the cryptocurrency.
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