Stanley Epstein Associate at Citadel Advantage Group
I really am a really big fan of digital banking. Banking digitally is a positive change from the way banking and banking transactions were carried out in the past. I really like the way it has changed my life for the better. I like the way it has given me a new freedom to do my banking when I want to, where I want to and to a large degree how I wan...
22 August 2016 Innovation in Financial Services
A while back I blogged my concerns about the future of mobile payments; “Why I am worried about the future of Mobile payments”. In essence, the problem that I focused on is this - there are just too many forms of mobile payments being offered by too many organisations and by too many banks. This approach creates confusion. It come about because ev...
16 August 2016 Innovation in Financial Services
Have you ever noticed how we move through phases? Looking back over my long career in the world of banking and banking technology, there were always those ‘new’ technologies that kept popping up. They would be the toast of the banking technology world for a while (in those far gone days we did not have names or concepts like ‘fintech’) and then as...
14 August 2015 Innovation in Financial Services
Developments in the mobile payments world have really got me worried. I come across an ever increasing account of different banks and technology companies coming to market each with their own variations of what they call “mobile payments”. To start with the term “mobile payments” is confusing to most, even some seasoned bankers. What the man-in-the...
02 March 2015 /payments Innovation in Financial Services
The term ‘Digital Banking’ is, to my mind, one of the most miss-understood concepts in the financial world today. Ask any group of 21st century bankers and you will get more definitions than there are member of the group. And this confusion of definition is one of the reasons why there a lack of fire and enthusiasm for the whole idea. Many simply ...
12 January 2015 Innovation in Financial Services
Rewind to 2008. The there was one word that got everyone's hair to stand on end, at that time, it was "securitisation". Now almost six years later securitization is making a comeback. And in some circles the stigma attached to the word "securitisation" has hardly faded. Securitization as such was never the problem. The real iss...
11 January 2014 /regulation
If you have been following the news these past few days you will have seen that JP Morgan is to pay a further $1.7 billion in fines under a deferred criminal prosecution agreement. JP Morgan’s problem this time is for failing to catch Bernie Madoff’s Ponzi scheme as it managed his accounts. It wasn’t that Madoff was smarter than the bank – there w...
08 January 2014 /regulation
The dictionary defines the word SWIFT as “coming, happening, or performed quickly or without delay”. I suspect that the founders of SWIFT had this thought in mind when they came up with the full name of this new interbank messaging service way back in 1973. After all, the full name (of which SWIFT is the acronym) is the Society for Worldwide Inter...
03 May 2012 /payments
I spend a good part of my working day reading – about banks and banking. It is part of what I do; and the reading part is the way that I try to keep up-to-date with current developments across the globe. What has come up persistently over the past decade in all that is written about banks and banking is one simple fact. No one seems to know what ba...
29 April 2012
So RBS is cutting costs. Pretty drastic stuff especially when it comes to staff expenses. Chris Kyle’s internal e-mail spells it out in detail – see http://www.bbc.co.uk/news/business-15317024 There are certainly going to be a lot of unhappy staffers around. Apart from the usual “victims” such as a freeze on hardware and software spending for ...
15 October 2011
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