Profile

Location

New York & Madrid

Member since

2008

Writes about

Regulation & Compliance Retail banking

Daniel's blog archive

2008 (1)

Daniel Smith

CEO at Raisin Technology Europe and USA

Message Posts: 1 Comments: 26

Bio I have worked for many years in the Financial Services industry in Technology in several European countries, as well as Latin America Career History https://www.linkedin.com/in/daniel-smith-263ba3/

Blogs

About forcing banks to lend...

25 Nov 2008

I read an interesting post here yesterday (or was it the day before?) about "forcing banks to lend" and am curious to see if anyone has a similar feeling to myself. As we all know, any well run bank will (or should) study the risk before lending, look at the return, and then take a decision. With the current "crisis" many centra...

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Daniel is Commenting on

Co-habitation with banks key to fintech future

To be honest, after many years working in financial technology inside banks, and then several years outside banks in Fintech, I think the scenario described here is something that many of us saw as inevitable or obvious a long time ago. The number of Fintechs that can truly disrupt on their own, without any bank type collaboration is extremely limited due to the need to scale rapidly and effectively without simply burning easy money. Even high profile stalwarts of the "Bank 2.0; 3.0;..." world such as Moven appear to have only really started getting true traction and volume when they switched to a bank collaboration model instead of the pure bank disruption and competition model.

20 Sep 2016 Reply Read article

Meet The Services Family: Britain's new military challenger bank

Interesting idea and reminds me very much of the concept / model of USAA bank in the US. USAA started out as an insurer (hence the name) before becoming a full fledged bank. USAA bank is an extremely well run and innovative bank in terms of delivery channels with a clear focus on servicing military personnel needs wherever they may be at any time. Their customer service has a reputation for excellence, and working with military personnel, their levels of fraud, delinquency, etc. appear to be very low. Will that hold true for the UK also? I'd be very interested to know if "Services Family" is modeled on, or inspired by, the USAA experience.

30 Jun 2016 Reply Read article

Brexit good for UK FinTech

Sadly - trying to have a reasonable and intelligent conversation on this question is a little bit like "mission impossible" .,. To the point I'm not sure it's even worth trying to have a balanced and sensible discussion with anyone who has not live and worked overseas... Would love to know how many opinions here are actually based on real work experience overseas - as opposed to bigoted opinions and ideas

12 Jun 2016 Reply Read article

Australian banks suffer ATM problems after cloud service outage

@Ketharaman... :-) It's really just a question of perceived flexibility and economics. The fact that you / we can spin-up additional resources very quickly as and when needed, and take the same down again when the workload drops off... all without the traditional Capex. But - and I think we agree - there's a gap in people's perceptions about who really needs to take responsibility for ensuring business continuity in this virtual world. Today, in my mind, it is still the customer, and has to be. Tomorrow, maybe a cloud vendor comes up with a solution that allows them to handle the same without creating any data / access security concerns. If they do, and Azure is maybe closer than AWS to this with their PAAS offerings... then they will bring huge value to the table.

07 Jun 2016 Reply Read article