Tag: Fintech
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Got change for a billion?
As I watched the live televised debate between the incumbent chancellor and opposition shadow chancellors, my mind wandered to the realities facing emerging/frontier market finance ministers and central bank governors. Whilst their developed market counterparts can dissect tax credits and layered allowances in the knowledge that they have a reasonable handle on their national income…
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In some places, it’s still the wild west
Whilst there are areas we would undoubtedly wish to see improved, the relative homogeneity of the banking sector in the UK has its advantages. While I previously complained about the stickiness of bank deposits when trying to move money between institutions, I did not realise how much more we are offered relative to our cousins…
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Bank deposits can be stickier than you realise
The last time I was in a bank branch was some time ago. I have queued to exchange travellers cheques in small African countries, done the Saturday morning trudge through the lines of my friendly neighbourhood bank in Bombay, and waited for a personal finance advisor (I only wanted to get a chequebook) at my…