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Interesting...Anything Markit do is interesting, however. Slowly, but surely, are we seeing the rise of the a 'number three' data vendor?

Regulations change? Lol! That gave me the biggest laugh of the day.

Regulations don't change - new regualtions (that do the same thing - only slightly differently) get layered on top of old ones until your swiming in a alligator-filled swamp with interconnecting, overlaying branches, roots and snakes that could bite your arm off. 

Brett I agree with you. We will see a consolidation within the banking world on who will maintain those 'pipes'. API banking is a real trend and I predict we will be seeing a lot more of it in the future. 

But I have to call you out on comparing banking to bookstore and media. Book stores and media are in no way comparible to the level of regulation banks have to deal with. International regulation actually exists that bars banks from closing branches. It's actually against the law. No regulation like that exits for newspapers or bookstores and that is just one example. A closer comparison could possibly be healthcare. 

Ren Reynolds, during the virtual currency debate at SXSW, warned startups not to allow trading of credits or allowing transactions because 'that would make you a bank and you *don't* want to be a bank' 

"Whether it is simply the fact that I can see my balance before and after I make a payment (not possible with plastic, cheques or cash)..."

Just a note: Mastercard offer a display card, which shows you your balance or credit limit before you make a payment. 

Hey investment banks, head traders - see what happens when you turn the risk systems on? 

How long with that party last at....Bloomberg?

The man who once address the concerns of Bloomberg's Princeton, NJ office over plans to move everyone to New York City with "your loyalties should be with Bloomberg, not with your families..." Wonder how much 'loyalty' is worth...Mr Murdoch?

Wow, look at all the comments! I guess I was right, this topic can stir up a pasionate response. 

To be clear I not specifcally arguing *for* social sign in. But it instead it seems strange that so many within the banking world (OK, it may be UK only) who freak out when someone says 'Facebook sign in'. Especially since, 'produce two envolopes with someone's name and address' was a perfectly acceptable (and not very efficient for people in my sitiuation) form of identification. 

I've also never heard anyone in the 'pro-social sign in camp' argue that signing in to a bank via a third party site should be the only form of identification required. No one is arguing that.

And thanks Dave B for the clarification. Yes, I can use quotes from the CSFI/Visa Europe roundtable-I just can't attribute them to a specific person. See you on the 21st!  

This is the event URL, if this helps: http://europa.eu/eucalendar/event/id/295083-breaking-down-barriers-to-secure-and-innovative-card-internet-and-mobile-payments/mode/standalone

OK, fair enough. I take your point about Twitter (I did grab the latest quote, which happened to come via Twitter)

However, I disagree with you that using simple, easy to understand language and spelling out exactly what you mean, without relying on jargon, buzzwords or vague statements makes your argument 'soft'. I would argue - it makes an argument stronger. 

Which statement is stronger?

• Retail banking customer behaviour is changing
• 'X-percentage of retail banking customer aged between 18 and 29 have not entered a branch in the past three years - according to [very expensive research house that looks into these things]'

Guess which one would be covered by Finextra?

Not to go off-topic. But I think your comparison to the decline of Borders et all is a bit 'apples & oranges'. Amazon didn't partner with Barnes & Nobel and Borders when it launched - it partnered with the book publishers and depositories - much like your own cardless, paperless, mobile start-up and the 'Simple personal finance site formerly known as Bank...' will need to partner with that four-letter B word.

What brought down Borders has as much to do with it being saddled with massive amounts of suburban real estate it couldn't shift as it has with changes in customer buying habits. But that is another discussion...

You still haven't convinced me that explaining exactly what you mean in simple language doesn't trump a buzzword every time. 

Ah, 'paradigm shift' - an oldie, but a goodie