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Chris Dunne

Chris Dunne - VocaLink Limited - London | 01/05/2013 | 1709 views

More pain looming for the big UK retail banks

Any lingering hopes that there was light at the end of the tunnel for UK retail banks were dashed last week by Baroness Susan Kramer, a leading light in the House of Lords for banking reform and chair of the retail panel of the Parliamentary Commission on Banking Standards. At a private dinner for senior figures in the payments industry Baroness K... Tags: Payments, Transaction bankingGroup: Innovation in Financial Services

Chris Dunne - VocaLink Limited - London | 09/04/2013 | 2260 views | 3 comments

Bank branches - going, going, gone

In 1995 the average UK customer of HSBC visited the branch just over twice a month; in 2012 they only popped in just over three times a year. This illuminating statistic came from Brett King in an entertaining presentation today, where he drew parallels with the destruction of high-street book shops, HMV, Blockbuster and the like. In traditional ... Tags: Mobile & online, PaymentsGroup: Innovation in Financial Services

Chris Dunne - VocaLink Limited - London | 19/03/2013 | 1450 views

The great Cypriot bank robbery

The proposed tax on bank deposits in Cyprus in return for a 10 billion euro bailout from the IMF and European Union strikes at the heart of the most precious asset in retail banking: depositor confidence. In previous bailouts the beneficiary country has had to contribute in some form, and this one is no exception. The problem is a lack of suitabl... Tags: Payments, Transaction bankingGroup: Innovation in Financial Services

Chris Dunne - VocaLink Limited - London | 12/02/2013 | 2488 views | 2 comments

Where is all the cash going?

According to the latest Bank of England statistical release, the amount of notes and coin in circulation is growing at about 4% a year. This has been pretty much the average growth rate over the past few years, although there was a large spike in late 2009 to over 8%. At around that time, Andrew Bailey, who was then the Bank of England Chief Cash... Tags: Payments, Transaction bankingGroup: Innovation in Financial Services

Chris Dunne - VocaLink Limited - London | 06/02/2013 | 1163 views

The changing face of payments: new research

The Financial Services Club released their latest survey research last week – The Changing Face of Payments 2013. The survey had responses from 450 financial services professionals in a total of 63 countries, with the majority from UK and mainland Europe. The survey builds on a similar exercise last year, asking which infrastructures are mo... Tags: Payments, Transaction bankingGroup: Innovation in Financial Services