You seem to have forgotten to mention that all of the big tech companies named at the start of this article are American. You then go on to mention Apple & Goldman Sachs, also American.
If I have a problem with my financial supplier, I feel much more comfortable dealing with a European organisation, because I am certain that I can get the problem resolved. In my experience, US regulators almost always come down on the side of the US company. Thus I am highly unlikely to win any dispute.
I don't trust some of those companies mentioned now, so I am very unlikely to put my finances their way. I believe that many other people think the way that I do.
I trust the banks that I use in the UK. Why change?
10 Dec 2019 09:14 Read comment
A survey of 2000 people is too small to make sweeping statements such as these.
06 Dec 2019 09:11 Read comment
The appointee does not appear to have any knowledge of banking, the principal area of business of Temenos
03 Dec 2019 08:25 Read comment
I would be interested in a breakdown of the amount of business carried out with banks by individuals compared to companies, shops and corporations. It seems to me that Mr. Jenkins is only talking about private individuals. In other words, a breakdown by both volume and value would help to understand what he is getting at. Businesses provide banks significant funding through fees and charges - far more than individuals - and are unlikely to be interested in Open Banking.
02 Dec 2019 10:47 Read comment
A wonderful news release in gobbledegook. It says absolutely nothing. As an HSBC customer of 16 years standing I can confirm that they have no idea what their customers want or need and their customer communication is dreadful. Recent experience tells me that it is time to change bank.
20 Nov 2019 08:17 Read comment
As someone who has run an SME for more than 30 years I'm always amused by 'experts' who think they know what my financial needs are. It is not open banking. It is low cost finance, low cost account management and the ability to handle multi currency income. Having tried a number of banks during our time in business we have settled on one bank and are happy to manage our own finances.
18 Nov 2019 08:29 Read comment
At last, a clear understanding of what the challenger banks offer over and above the traditional retail banks. The challenger banks have not been very good at getting this across to the general public. An excellent article.
05 Nov 2019 09:09 Read comment
There is so much difference with responding to a survey saying that they will 'consider' or 'strongly consider' changing banks, than actially doing so. People respond to surveys easily, particularly if they have a few problems with their current bank, but the reality of actually going through the process to change business banking is still cumbersome and problematic. I strongly suspect that the major high street banks will retain their business clients for many years to come.
31 Oct 2019 08:10 Read comment
Secuirity on my laptop is significantly safer than security on my mobile telephone. In addition, I do not have apps farming my data on my laptop.
26 Oct 2019 14:33 Read comment
I don't see any mention of security. I am of the opinion that my laptop is much more secure than a mobile device.
25 Oct 2019 08:54 Read comment
Alan RieglerManaging Director at A M Riegler Associates
Jonathan DuffyManaging Director at Netclearance Europe
Jason MaceManaging Director at Gala Technology
Maryna ChernenkoManaging Director at UFG Capital
Andrea DunlopManaging Director at Access PaySuite
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