Chris Skinner

JULY 19, 2020

Things we’re reading today include … Royal Bank of Scotland to change name to NatWest next week America’s banks batten down the hatches as pandemic takes its toll The U.S. investment banks that won and lost during COVID-19 Britain faces Credit Crunch II: Banks warn loans will become harder UK … The post Things worth reading: 20th July 2020 appeared first on Chris Skinner's blog.

America 260

America 260

Chris Skinner

JUNE 16, 2020

Things we’re reading today include … Banks ‘could share branches’ in bid to rescue access to cash Visa hails ‘permanent’ shift in consumer spending habits Banks must treat debt-laden firms fairly to avoid replay of 2008, says FCA chair New trials planned for cash-stricken communities UK Finance boss resigns as … The post Things worth reading: 17th June 2020 appeared first on Chris Skinner's blog.

Community 277

Community 277

Chris Skinner

JUNE 16, 2020

I’m a simple guy. I don’t trade or invest much. That may seem surprising for a FinTech guy, but most of what I’ve invested in seems to lose value. As a result, I collect rare comics instead as Batman, Spiderman and Ironman are forever. That being said, I do follow … The post Is the whole system about to fail? appeared first on Chris Skinner's blog.

System 383

System Fintech 383

Chris Skinner

JUNE 15, 2020

Things we’re reading today include … Metro Bank in talks to buy peer-to-peer lender Ratesetter Amazon And Goldman Sachs: A Small Business Lending Wake-Up Call For Banks Light on tech, heavy on banks — has Warren Buffett lost his touch? Facebook launches WhatsApp digital payment service Amazon v EU: Has … The post Things worth reading: 16th June 2020 appeared first on Chris Skinner's blog.

Metro 260

Metro Lending Payments 260

Chris Skinner

JUNE 15, 2020

Sitting at home, as usual, and thinking about life, I realised that my blogs were becoming far more personal and revealing than usual. I don’t post a lot of them, as I think they are too personal and revealing, but it made me realise that this crisis and lockdown has … The post When is it safe to stop staying in? appeared first on Chris Skinner's blog.

306

306

Chris Skinner

JUNE 14, 2020

Things we’re reading today include … PagoFX — Can a bank really build its own fintech? Bank of England joins Dennis the Menace for kids project Wall Street Week Ahead: Investors bet bounce in value stocks will stick Crunch time for China’s robot startups as pandemic brings pain and opportunities … The post Things worth reading: 15th June 2020 appeared first on Chris Skinner's blog.

Fintech 242

Fintech 242

Chris Skinner

JUNE 14, 2020

Like many, I’ve watched 2020 unfold with a mixture of shock and horror. It began with Australian bushfires followed rapidly by the coronavirus pandemic and now the Black Lives Matter demonstrations. My real shock was that there could be so many global demonstrations during a major global lockdown. Do rules … The post 2020: No Vision (I thought we were an autonomous collective) appeared first on Chris Skinner's blog.

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294

Chris Skinner

JUNE 13, 2020

The main blog headlines are … Are banks too full of testosterone? There’s no logical reason for this, but I’ve decided the second week of June is women’s week. It’s a week to celebrate diversity, or the lack of diversity, in finance and technology. So, this week’s blogs are all … The post The Finanser’s Week: 8th June 2020 – 14th June 2020 appeared first on Chris Skinner's blog.

Maine 317

Maine Technology 317

Chris Skinner

MAY 6, 2020

Last October I wrote a piece on Revolut, questioning its valuation which, at that time, was estimated to be anything up to $10 billion: They claim to have 8M customers. Let’s assume *all* of them are active. If they are “valued” at $10Bn that’s a per customer lifetime value of … The post Revolut: over-hyped and immature? Yes and no … appeared first on Chris Skinner's blog.

Case Study 493

Case Study Study Fintech 493

Chris Skinner

MAY 6, 2020

Things we’re reading today include … Banking the rich and famous: the rise of private digital banks Bank of England expected to hold off on fresh stimulus for now Coronavirus threatens future of eurozone, Brussels warns Small firms secure £2bn in bounce-back loans in first 24 hours Virgin Money suspends … The post Things worth reading: 7th May 2020 appeared first on Chris Skinner's blog.

Digital Banking 260

Digital Banking Security 260

Chris Skinner

MAY 5, 2020

Things we’re reading today include … Top Wirecard shareholder calls on board to end ‘whitewash’ Brexit talks hurtling towards new crisis point, says Irish foreign minister When the banks closed in Wuhan, nobody cared Coronavirus: Barclays customers struggle to get ‘vital’ loans Jolt to eurozone as German court warns against … The post Things worth reading: 6th May 2020 appeared first on Chris Skinner's blog.

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277

Chris Skinner

MAY 5, 2020

I was recently watching an online poll that asked the best way for a traditional bank to compete with the new digital banks. Should they build a new bank, buy a digital bank competitor, or transform the old bank? The vote was split fairly equally between all three choices after … The post Build, Buy or Transform the Bank? appeared first on Chris Skinner's blog.

Digital Banking 540

Digital Banking Online 540

Chris Skinner

MAY 4, 2020

I’ve tracked Wirecard for some years, as they were the bank partner that allowed Ollie Purdue to drop out of university at 21 years old to launch a bank called Loot. Wirecard basically offer the platform of many other firms to offer full banking services across Europe. Based in Germany, … The post Wirecard versus The Financial Times: a FinTech poster child on trial appeared first on Chris Skinner's blog.

Fintech 397

Fintech Case Study Study 397

Chris Skinner

MAY 4, 2020

Things we’re reading today include … Revolut on the hunt for acquisitions CEOs cutting salaries is mostly a ‘publicity stunt’ How the paper trail went cold in KPMG’s special audit of Wirecard Coronavirus: UK banks get 45,000 loan applications on first day RateSetter halves payouts to investors Managing identity risk … The post Things worth reading: 5th May 2020 appeared first on Chris Skinner's blog.

Management 292

Management 292

Chris Skinner

MAY 3, 2020

Things we’re reading today include … Mifid II influence spreads beyond EU borders Donald Trump pushes for an economic reopening Warren Buffett dumps US airline stocks, saying ‘world has changed’ after Covid-19 U.S. processes over $500 billion in small business loans to stem coronavirus fallout UK business confidence at all-time … The post Things worth reading: 4th May 2020 appeared first on Chris Skinner's blog.

US 251

US 251

Chris Skinner

MAY 3, 2020

In the latest example of a bank that couldn’t hack the digital bank market, RBS gave up on Bó last week. It surprised me as the bank only launched last November, to a fanfare of £100 million investment and the acquisition of the start-up they had been co-funding, Loot. The … The post Little Bó peeps … creeps … and sleeps … why big banks fail at digital banks appeared first on Chris Skinner's blog.

Digital Banking 373

Digital Banking Examples Marketing 373

Chris Skinner

MARCH 31, 2020

Things we’re reading today include … Citi postpones 2020 investor day due to coronavirus outbreak Big banks left hanging after ‘disaster’ in risky loan market Barclays offers triple overtime pay for staff on coronavirus frontline UK examines ways to make writing wills easier during Covid-19 crisis Coronavirus: Millions will be … The post Things worth reading: 1st April 2020 appeared first on Chris Skinner's blog.

Marketing 233

Marketing 233

Chris Skinner

MARCH 31, 2020

I don’t usually share press releases, but this one is too important to hold back. PRESS RELEASE THIS RELEASE IS UNDER EMBARGO UNTIL 23:59 MARCH 31, 2020 [BASEL, SWITZERLAND, MARCH 31 2020] Banking system works out to respond to coronavirus crisis in massive, global, co-ordinated agreement The Bank for International … The post Banks agree a global package of services for those hit by coronavirus appeared first on Chris Skinner's blog.

System 379

System 379

Chris Skinner

MARCH 30, 2020

Things we’re reading today include … UK payday lenders start suspending new loans in Covid-19 crisis Panic buying on wane as online shopping takes over, says bank JPMorgan plans to raise up to $10 billion for alternative investments: source UN calls for $2.5tn emergency package for developing nations AmEx to … The post Things worth reading: 31st March 2020 appeared first on Chris Skinner's blog.

National 224

National Online 224

Chris Skinner

MARCH 30, 2020

I did a presentation to a conference via video link the other day. Slido allowed audience members to ask questions through the presentation, and the list of questions at the end was quite extensive. I didn’t get time to answer all of them, but here’s a selection. The most popular … The post Banks questions about doing digital transformation appeared first on Chris Skinner's blog.

Conference 338

Conference Video Digital Banking 338

Chris Skinner

MARCH 29, 2020

I don’t know how you guys are holding up, but I’m finding myself on lots of videoconferences, even delivering a keynote in Tokyo the other day from my home office in Poland. The event was recorded and so I thought I’d share the video and transcript with you. This, btw, … The post Doing Digital: Presentation, Slides, Video, Transcript [FREE] appeared first on Chris Skinner's blog.

Video 472

Video Digital Banking 472

Chris Skinner

MARCH 29, 2020

Things we’re reading today include … Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse Dozens of poorer nations seek IMF help amid coronavirus crisis ECB tells euro zone banks to skip payouts as virus hits economy ‘Hell is coming’: how Bill Ackman’s TV interview tanked the markets … The post Things worth reading: 30th March 2020 appeared first on Chris Skinner's blog.

National 233

National Marketing 233

Chris Skinner

MARCH 29, 2020

The main blog headlines are … WFH? WTF? NSFW and other essentials for the home office I saw a few people talking about the challenges of working from home over the last few days, particularly if you work for a bank. As a tech guy, I’ve been used to working … The post The Finanser’s Week: 23rd March 2020 – 29th March 2020 appeared first on Chris Skinner's blog.

Maine 300

Maine 300

Chris Skinner

MARCH 1, 2020

Things we’re reading today include … Nationwide leads race for £1.9bn Sainsbury’s Bank deal Lloyds Bank faces fresh police inquiry over fraud claims Bank of England passed ‘misuse’ firm for due diligence three times ‘Swindled with bitcoin’: Australian victims count cost of online finance scam The rise and dramatic fall … The post Things worth reading: 2nd March 2020 appeared first on Chris Skinner's blog.

Bitcoin 294

Bitcoin Fraud Online 294

Chris Skinner

MARCH 1, 2020

Buzzwords. We have a lot of them. Artificial, autonomous, augmented. Big data, blockchain, bilateral. Crypto, currency, consensus. Distributed, decentralised, democratised. I’m tempted to write the ABC of technology buzzwords, but know there cannot be any that start with X or Z*. However, I’m writing this one today because the word … The post What does ‘digital transformation’ really mean?

Big Data 535

Big Data blockchain Data Technology 535

Chris Skinner

FEBRUARY 27, 2020

Things we’re reading today include … Too white, too male: Fed takes on diversity one bank board member at a time JPMorgan restricts global travel to protect against virus: Bloomberg News SEC orders Wells Fargo pay $35 million for recommendations of high-risk products Bank bosses in America stick around longer … The post Things worth reading: 28th February 2020 appeared first on Chris Skinner's blog.

America 52

America 52

Chris Skinner

FEBRUARY 27, 2020

Really interesting interview with Garry Kasparov in Wired magazine about the potential of artificial intelligence (AI) in the future. Garry Kasparov is perhaps the greatest chess player in history. For almost two decades after becoming world champion in 1985, he dominated the game. Then, in 1997, at the height of … The post “I was the first knowledge worker whose job was threatened by a machine” appeared first on Chris Skinner's blog.

Technology 531

Technology 531

Chris Skinner

FEBRUARY 4, 2020

Things we’re reading today include … City banker suspended for ‘stealing food from canteen’ Jeffrey Epstein’s Mystery Bank Came Alive After His Death Is modern banking too complex for challenger banks? China May Ease Shadow-Bank Crackdown to Bolster Slowing Economy N26 is building a better bank EY hit with €95m … The post Things worth reading: 5th February 2020 appeared first on Chris Skinner's blog.

251

251

Chris Skinner

FEBRUARY 4, 2020

I was going to give up writing anything further on Brexit as it’s now done and dusted. Britain’s out of Europe. There was no major celebration however. I was in London last Friday night, and this is what I saw out of my hotel window as we exited. EU Day … The post #Brexit is done, but the deal-making isn’t … and finance is at the heart of it appeared first on Chris Skinner's blog.

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372

Chris Skinner

FEBRUARY 3, 2020

Things we’re reading today include … Goldman Sachs in Amazon talks over small business loans FCA: credit card firms must stop suspending all users in debt spiral Travelex: Bank currency services still offline after hack Only two women applied for Bank of England governor role Worldline to buy Ingenico for … The post Things worth reading: 4th February 2020 appeared first on Chris Skinner's blog.

Cards 250

Cards 250

Chris Skinner

FEBRUARY 3, 2020

I was taken in by an article on the BBC yesterday due to the headline: ‘I wasn’t allowed to buy my burrito with cash’ The article recounts the story of Nicholas Duggan, a construction worker, who tried to buy his lunch with cash, but the store refused and demanded payment … The post Cashless shopping is not going to happen anytime soon appeared first on Chris Skinner's blog.

Payments 452

Payments 452

Chris Skinner

FEBRUARY 2, 2020

Things we’re reading today include … Credit Suisse espionage scandal deepens as report suggests bank spied on Greenpeace Credit Suisse proposes Richard Meddings for election to the board ‘I wasn’t allowed to buy my burrito with cash’ EU states look in poor health to withstand a global crisis Chinese shares … The post Things worth reading: 3rd February 2020 appeared first on Chris Skinner's blog.

Report 204

Report 204

Chris Skinner

FEBRUARY 2, 2020

I write a lot about purpose-driven banking, and many folks came back to me saying that what I had written sounded a lot like community banking. Community banks stand for something, they have a purpose and much of it is directed towards their members’ interests and the local community. And … The post Transparent climate-related financial disclosure appeared first on Chris Skinner's blog.

Community Bank 269

Community Bank Community 269

Chris Skinner

JANUARY 6, 2020

Start of a New Year and there are websites everywhere making predictions on everything from elections to economies. I used to write my own predictions but honestly cannot be bothered anymore when you have 1,000 other people doing it. Instead, I’ve hand-picked some of my favourite predictions made out there … The post 2020 technologies – the year of SD-WAN, PIE and 5G appeared first on Chris Skinner's blog.

Technology 202

Technology 202

Chris Skinner

JANUARY 6, 2020

Things we’re reading today include … The rise of the invisible bank Singapore Digital Bank Licenses Draw 21 Applications Few Bank Failures Could Be a Warning Sign for U.S. Financial System Digital Banking Have You Befuddled? Top bosses earn annual wage of average worker by end of today Ex-Barclays banker … The post Things worth reading: 7th January 2020 appeared first on Chris Skinner's blog.

Digital Banking 204

Digital Banking System 204

Chris Skinner

JANUARY 5, 2020

Welcome to 2020. It’s a new day. It’s a new year. It’s a new decade. And yes, I’m feeling good. 2020. This is a year all of us futurists have looked forward to for over two decades as, back in 2000, it became popular to talk about a 2020 vision. … The post Welcome to 2020: What’s new? appeared first on Chris Skinner's blog.

US 367

US 367

Chris Skinner

DECEMBER 11, 2019

Things we’re reading today include … This Is What Racism Sounds Like in the Banking Industry Bank of America CEO Brian Moynihan says confident consumers are spending 5.5% more this year Bank of China Issues Bonds via Blockchain Credit Suisse: lowering the bar Banks avoid Hong Kong unrest in research … The post Things worth reading: 12th December 2019 appeared first on Chris Skinner's blog.

America 231

America blockchain Industry 231