Don’t underestimate the power of the fintech revolution

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Yueh, Oxford and London Business School economist “Who the hell wants to copy a document on plain paper???!!!” Rejection letter sent to Chester Carlson, inventor of the XEROX machine in 1940. “This ‘telephone’ has too many shortcomings to […]

Data and the future of financial services

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kai Keller, Project Lead, Financial Stability, Innovation, and Economic Growth, World Economic Forum In September 2017, hackers breaching credit-reporting agency Equifax accessed the names, social security numbers, birth dates, addresses and, in some instances, driver’s license numbers of 143 […]

Germany objects to EU Commission’s plan for a Eurozone bank deposits insurance scheme but Berlin could go along

Last Tuesday the European Commission aired a groundbreaking proposal, about the creation of a euro-area wide insurance scheme for bank deposits. In this way the European Banking Union will start having a meaning for the average European. It’s a plan for a European Deposit Insurance Scheme (EDIS) which is meant to complete the Banking Union […]