Stanley’s Musings - Fintech, Banking & Payments News #2

Thoughts on fintech, banking, payments, risk management, AI, going green, economics, business and much more…

The latest edition is now available - HERE 

SET Training is a member of the Citadel Advantage Group

SET Training (Stanley Epstein Training) is member of the Citadel Advantage Group. 

Check this space for my regular weekly news posts on "Stanley's Musings" - click HERE for instant access. 

Current news on Banking, Fintech, Blockchain, Crypto, Financial Services and Technology issues as well as Training Courses may now be found on Stanley Epstein Training - Banking and Fintech News

What would happen to Financial Services if we put engineers in charge?

On this episode of Fintech Insider expert host David M. Brear is joined by some great guests to ask: "What would happen to financial services if we put the engineers in charge?" 

The whole fintech industry is built on top of complex tech stacks, constructed and maintained by engineers. Their value has never been in doubt, but where they sit in the business structure changes from company to company. 

We've put together a panel of experts to discuss how the role of engineers has changed in financial services, the challenges they have to contend with and what the future of financial services would look like if we put the engineers in charge.

Citadel Advantage News Digest - Issue #158

Read / Subscribe to the “Citadel Advantage News Digest” Issue #158 - In this edition -

• Green Loans: A Fast-Track Method to Be a Banking ESG Leader
• Cryptocurrency Exchanges, Regulation and Bank Runs: A Summary
• The whole point of money is to NOT know your customer - Chris Skinner's blog
• Just 8% of Americans have a positive view of cryptocurrencies now
• 'Bank of Twitter': Is Elon Musk Spitballing Or Could It Really Work?
• Why Crypto’s Crash Hasn’t Spilled Into Other Markets
• Elon Musk Is Hiring Relatives at Twitter in Literal Nepotism

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Check it out HERE

Citadel Advantage News Digest - Issue #157

Read / Subscribe to the “Citadel Advantage News Digest” In this edition -

• Can Blockchain Technology Change Plagiarism Detection in Academia?
• Bernie Madoff's Lawyer to #FTX's Bankman-Fried: 'Shut Up!
• ChatGPT Explained in 5 Minutes
• The ‘Twitter Files,’ and other news from the bird app
• BIS warns of $80 trillion of hidden FX swap debt

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Check it out

HERE

Citadel Advantage News Digest

Read / Subscribe to the “Citadel Advantage News Digest” 

In this edition -

• "CBDCs: a potential game-changer for treasurers"
• "Why Meta Dropped 70%"
• "Ex-FTX boss Bankman-Fried: 'I didn't try to commit fraud' "
• "Examining the revolution in mobile banking”

NEWS about World Affairs, Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

CHECK IT OUT HERE>>.

Anatomy of a Scandal: inside the Wirecard investigation and why we fall for scams

Dan McCrum, the FT reporter whose investigation brought down Wirecard, in conversation with Matt Garrahan, FT news editor, on how to expose fraud - and why we keep missing it when it's hiding in plain sight.

Read the latest Edition (#131) of the Citadel Advantage News Digest

NEWS about Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Read the newsletter HERE (with links to all the below mentioned articles).

Contents of this edition;

• Is it time to unbundle ESG?
• Et Tu, Muske?
• 6 Keys to Data Center Planning
• How banks can personalize financial wellness
• Consumers Expect Personalization at Every Banking Touchpoint
• Creating a Secure Mobile App: Main Vulnerabilities and Security Practices
• 4 Ways Citizens Bank Keeps 'Human' in Its Digital Banking Experience
• Your Complete Guide to Getting A Job On Blockchain
• Why Banks Need to Fix Their Poor Digital Onboarding Experience
• Artificial Intelligence in AP Automation – A Look at What Really Works, and What Doesn't
• High Rates & Tight Housing Spells Bleak Outlook for Mortgage Lending
• Making the branch relevant by design
• Electric Vehicle Lending: How Green Loans Can Accelerate Growth
• Nigerian Commercial Banks ‘Apathetic’ Over CBDCs, says Governor
• A Lifetime's Consumption of Fossil Fuels: Visualized
• What Happened to Terra Luna?
• Are We Having 1929 Again? - Warren Buffett
• What happens to investors money when a cryptocurrency exchange goes bankrupt
• How Blockchain Technology Is Revolutionizing Fintech in 2022
• How Payment Businesses Deal with Fraud and Data leaks
• The Importance of IoT Security
• Organization and metaverse privacy concerns

You can read/subscribe/get all the back issues HERE

Read the latest Edition (#130) of the Citadel Advantage News Digest

NEWS about Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Read the newsletter HERE

In this edition;

• After $2 trillion crypto crash, what happens next?
• Are big corporate profits to blame for inflation?
• Massive Wall Street layoffs feared as banking profits tank
• Top 100 Banks on Twitter Ranked by Most Followers
• Should You Buy The Dip in Crypto Crash?
• Inside the Digital Marketing Strategies of Top Neobanks Revolut & Monzo
• DeFi in the Metaverse: Possibilities, Pitfalls, and Promises
• 62 Digital Marketing Statistics Every Financial Marketer Should Know
• Phishing 101: A Beginner's Guide on Phishing Attacks
• Embedded finance: a double-edged sword for traditional financial institutions
• The 6 Pillars of Digital Marketing for Banks & Credit Unions
• 4 Reasons for Cyber Intelligence Failure
• Data Science and AI Predictions for 2022
• Digital Transformation in Lending Keys to Success
• The New Community Bank Model: Digital-First With a National Footprint
• Crypto crash, crypto investing and your taxes: A look at impact on investors’ taxes
• How Big Banks' Tech Advantage Hinders Innovation and Hurts Competition
• How Financial Institutions Can Stop Chasing Their Digital Tails
• 12 Must-Have Mobile Banking Features Consumers Expect Now

You can read/subscribe to the newsletter HERE

Read the latest Edition (#129) of the Citadel Advantage News Digest

NEWS about Banking, Fintech, Payments, Business, Blockchain, Crypto, Money and more…

Read the newsletter HERE

In this edition;

• With or without Elon Musk, Twitter is overdue a shake-up
• Crypto market crash: Layoffs, bankruptcies and frozen accounts
• What to do now about tomorrow’s code-cracking computers
• Credit Suisse: what next for the crisis-hit bank?
• Battle for Credit Cards Waged With Innovation and Sheer Marketing Muscle
• How Can Password-Free Identity Verification Safeguard User Privacy?
• Major Card-Issuing Bank Takes on Fintechs with Its Own BNPL Plan
• The real value in relationship-focused pricing decisions
• 5 Ways Community Banks & Credit Unions Can Compete in Credit Cards
• Visualized: How Bonds Help Reduce Bear Market Risk
• The Gap Between Products Banks Offer & What Consumers Really Need
• WaaS for Finance: How Banks and Retailers Can Leverage Wallet-as-a-Service?
• Banks Struggle to Provide Personalized Engagement: Here's Why

You can read/subscribe to the newsletter HERE

Check out the latest “Citadel Advantage News Digest - Issue #111” - 19 May

Read the latest “Citadel Advantage News Digest - Issue #111” - 19 May 2020 edition

#Cryptocrash grabs the attention of Treasury, other regulators" plus NEWS about Money, Payments, Business, Banking, Fintech and more

Read it HERE.

Does safe DeFi require CBDCs?

A BIS conference, streamed live on 4 April 2022, aimed at establishing a common understanding on how DeFi-based markets might evolve from their current state, what role central banks might have, and the potential interaction with Central Bank Digital Currencies.

Biden’s executive order - Did it boost Bitcoin, Ethereum, and other cryptocurrency prices?

Did President Biden’s recent executive order regarding the responsible development of digital assets really boost the price of Bitcoin, Ethereum, and other cryptocurrencies?

And do Americans really want cryptocurrency from their banks?

To find out the answer to these questions and more, 
read Ron Shevlin's article in Forbes HERE.

Fintech Trends That Will Change Banking

As banking ecosystem continue to evolve, there are several emerging themes that will play significant roles in the transformation of both new and traditional financial services businesses. These trends should provide the foundation for strategic planning and for the prioritizing of investments in the near term.

Over the past decade, fintech firms have leveraged technology, innovative cultures and access to data and advanced analytics to transform the banking ecosystem. While the success of individual fintech firms varied widely, the solutions have impacted payments, infrastructure, distribution, access to financial services and components of sustainability.

Read the full story on The Financial Brand. Click HERE to access.

How Covid Changed the Payments Industry

Covid-19 caused clear shifts in payments preferences, changes that continue to reverberate through both banking and the world of nonbank payments providers. The most recent Federal Reserve Payments Study, delving deeply into data from 2019 and 2020, shows clear evidence that the pandemic jump-started migration from traditional forms of payments to a myriad of remote and innovative forms of payments.

Want to find out more? Click HERE.

Crypto Cards - a New Payments Disruption?

Account openings of crypto-backed cards are outpacing traditional cards. Using Visa and Mastercard as the rails, several crypto platforms now enable consumers to make everyday purchases with cryptocurrency. Analysts say it's a crucial step to making crypto a mainstream form of payment.

Is this the start of a new payment disruption?

Read the full details from The Financial Brand HERE.

What is the biggest challenge for traditional banks? - Decoding: Banks - Episode 9

From 11:FS. Banks are facing a lot of challenges compared to their fintech rivals. From issues of organisational structure to culture, it's a race against time to adapt and survive.

What are fintechs? - Decoding: Banks - Episode 8

From 11:FS. It's not just a buzzword. Fintechs have changed the landscape of financial services forever but how did they get here and what threat do they pose to traditional banks?

How has software evolution influenced banking? - Decoding: Banks - Episode 7

From 11:FS. The invention of the computer revolutionised banking in the 1950s. But in the decades since, advances in software have left banks out in the cold. Then, in the 1990s, the Internet changed everything.

How does banking regulation work? - Decoding: Banks - Episode 6

From 11:FS. Regulation is essential. It stops banks from going bust or behaving badly. But how does it work? What are the different types of regulation? Will we ever see a global regulator?