Articles by David Prosser

Are Established Players Threatened by the Blockchain?

By David Prosser on January 6, 2016

What goes around comes around. A decade ago, Overstock, the US online retailer, fell victim to a bout of naked short selling, a stock market practice where speculators are able to drive down the price of…

Is the Cost of Regulatory Compliance a Thing of the Past?

By David Prosser on December 29, 2015

There was a time when “light-touch regulation” weren’t dirty words. The idea may now be an anathema, given its association with the financial crisis of 2007, but policymakers have a bad habit of throwing the baby…

Why Financial Services Can’t Afford a TalkTalk Disaster

By David Prosser on December 15, 2015

TalkTalk thinks this autumn’s cyber attack could cost it £35m – and that’s before the reputational damage that the telecoms company has suffered at the hands of its tormentors. To which leading financial services companies –…

The Inexorable Rise of the ETF

By David Prosser on November 26, 2015

The rise of the exchange traded fund appears unstoppable. At the end of the first half of the year, according to industry research group ETFGI, ETFs (including exchange traded products) were worth $2.97 trillion globally –…

Asset Management in the Digital Age

By David Prosser on November 12, 2015

Who wants paper from their asset manager or wealth management firm? In most markets, customers are charged to upgrade when new services become available, but in the investment business, this model has been turned on its…

Bitcoin Triggers a Significant Chain of Events in the Financial Sector

By David Prosser on October 29, 2015

A year ago, Bitcoin aficionados were telling us that the crypto-currency would change the global financial system – they may yet be proved right, but at this moment in time it’s the technology that underpins Bitcoin…

Is a Successful Fund Platform All About Price? Not a Chance

By David Prosser on October 15, 2015

What do investors and advisers look for when choosing a fund platform? While the easy assumption is that this is a debate about price – that the default option for most people will be to choose…

Financial Services and Technology: If You Can’t Beat ’em, Join ’em

By David Prosser on September 24, 2015

Financial services companies are fighting back in the face of the threat from the technology sector. We hear a great deal these days about the potential for the big names in the technology sector to flex…

The Race to Sign Britain’s New Millionaires

By David Prosser on September 8, 2015

The virtual advice model may represent wealth managers’ best option for winning business from the growing mass affluent marketplace The number of millionaires in the UK has risen by more than 40 percent over the past…

Plaudits for Early Adopters of Apple Pay

By David Prosser on August 27, 2015

Those banks that have been slower to sign up to Apple Pay may live to regret it You fall foul of Apple at your peril. No one is saying publicly why HSBC, supposedly a launch partner…

Reinventing the Asset Management Business Model

By David Prosser on August 12, 2015

New digital players may not pose as big a threat as competitors from within the fund management sector When market research consultancy Create Research published a report earlier this year on the threat posed to asset…

Why Digital Customer Service Matters in FinServ

By David Prosser on July 30, 2015

“I want fans, not customers,” is the mantra of Vernon Hill, the founder of Metro Bank, Britain’s highest-profile retail banking launch of the past two decades (in fact, the country’s only full-service retail banking launch during…