Category: Change Drivers

Dec 20

It’s a hard drive over 60 years

A 5MB IBM Hard Disk 1956 vs 128GB Micro SD XC Card 2017

Permanent link to this article: http://transformingfinance.eu/its-a-hard-drive-over-60-years/

May 08

Communicating in a roundabout way

The difference between British and our US colleagues is neatly summed up by roundabouts (or traffic circles, if you’re American) and traffic lights. A former British Ambassador to Washington hit the nail on the head when he identified this (although I can’t find him credited with this major cultural discovery on the internet). Americans are direct: if …

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Permanent link to this article: http://transformingfinance.eu/communicating-in-a-roundabout-way/

Sep 27

Dear Europcar – Ich wollen ein automiete

Dear Europcar Ich wollen ein automiete. Do you know about the internet? It is a global network of billions of computers that connects people and business around the world and you can use search to find what you want. One of the useful things about the Internet is that you can use it for shopping. …

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Permanent link to this article: http://transformingfinance.eu/dear-europcar-ich-wollen-ein-automiete/

May 30

Lego banking

Metro Bank, one of the UK challenger banks, has just announced a deal  to lend customer deposits through Zopa, one of the UK’s biggest peer-to-peer platforms. This is a significant in a number of reasonss. It is both the first British bank to lend through a peer-to-peer platform, and a major collaboration of challenger bank with …

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Permanent link to this article: http://transformingfinance.eu/lego-banking/

May 21

Fixing Markets

As five of the world’s largest banks  pay fines totalling $5.7bn (£3.6bn) for manipulating the foreign exchange market it seems a good point to look at some underlying problems in the financial markets. Firstly let’s be clear: I am not looking to exonerate the Banks involved. They have been deservedly punished for their crimes. And …

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Permanent link to this article: http://transformingfinance.eu/fixing-markets/

Apr 29

The Bank that likes to say “Si”

The Trustee Savings Bank can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell, Dumfriesshire in 1810. But its recent history has been a roller coaster and  banking systems are at the heart of that story. Thirty years ago the Trustee Savings Bank was a up and coming UK bank – …

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Permanent link to this article: http://transformingfinance.eu/the-bank-that-likes-to-say-si/

Feb 14

How can HMRC have missed this?

After all the revelations about alleged tax evasion at HSBC’s Swiss Private Bank came a further shocking disclosure. The whistle-blower at the centre of the scandal, Herve Falciani, offered information on bank account holders in Switzerland to HM Revenue and Customs and the Foreign & Commonwealth Office in 2008. How can they have missed it? …

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Permanent link to this article: http://transformingfinance.eu/how-can-hmrc-have-missed-this/

Apr 03

What is Technology?

“Téchnē is a state of capacity to produce with a true logos,” Aristotle defined.  Logos was a central notion in Greek philosophy, broadly meaning reason and discourse.  Because Téchnē (Art) had its own reasoning and discourse, it was knowledge, as distinct from opinion (doxa) and mere experience.  Many arts existed, among others Aristotle cited architecture, …

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Permanent link to this article: http://transformingfinance.eu/what-is-technology/

Feb 14

The Bank that likes to say “Woof”

“If you want a friend on Wall Street, get a dog,” quipped Gordon Gekko, the cold-hearted protagonist of the film “Wall Street”. Now it seems that if you want a bank on the High street, then get a dog. Metro Bank “understand how important man’s best friend is to our dog-loving customers so we actively …

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Permanent link to this article: http://transformingfinance.eu/the-bank-that-likes-to-say-woof/

Sep 13

Dear IASB

Comments on Exposure Draft ED/2013/6 I generally welcome the reconsiderations of the IASB and FASB Boards in response to the feedback on the first exposure draft, ED/2010/09. However a number of issues, inconsistencies and unnecessary complexities remain. I summarise my main concerns below. Letter to IASB re Leases ReExposure Draft

Permanent link to this article: http://transformingfinance.eu/dear-iasb/