Chris Skinner

JUNE 20, 2020

The main blog headlines are … This is no Black Swan (Part Two) I was having a bit of ding-dong over my article about the coronavirus pandemic being perfectly predictable and not a black swan. There are many who believe the reaction to the pandemic is a black swan, as … The post The Finanser’s Week: 15th June 2020 – 21st June 2020 appeared first on Chris Skinner's blog.

Maine 277

Maine 277

Chris Skinner

JUNE 18, 2020

Things we’re reading today include … European Central Bank hands out 1.3 trillion euros in loans Wirecard shares slump over missing €1.9bn To understand the new wave of small investors, look to China The successes of the Fed’s dollar-swap lines Barclays, HSBC and Lloyds among UK banks that had links … The post Things worth reading: 19th June 2020 appeared first on Chris Skinner's blog.

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260

Chris Skinner

JUNE 18, 2020

I was sitting and thinking that I’ve been a bit negative in my recent posts. I don’t like being negative as I’m an optimist. So I determined that today I must write a cheerful story … whoops! failed. Instead, I woke up to the news that a young man had … The post Robinhood’s sad story, sorry appeared first on Chris Skinner's blog.

Case Study 427

Case Study Study 427

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

MAY 10, 2020

Things we’re reading today include … Unemployment due to Covid-19 is surely worth more than a footnote | Larry Elliott EU could open legal case against Germany over ECB bond-purchases ruling: Commission Andrew Bailey needs to be more convincing about the path to recovery For central banks, hope for precision … The post Things worth reading: 11th May 2020 appeared first on Chris Skinner's blog.

260

260

Chris Skinner

MAY 10, 2020

The other day, I blogged about the failure of government in this crisis. Today, I’m blogging about the failure of banks. I am aware that in some countries – the Netherlands seems to be one – there has been great continuance of bank service. Unfortunately, the UK is proving to … The post The failure of banks (#coronavirus) appeared first on Chris Skinner's blog.

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387

Chris Skinner

MAY 9, 2020

The main blog headlines are … Where was the digital backup to our physical structure? The coronavirus crisis has hit everyone sudden and hard. We originally thought it was a Chinese crisis and now it’s a global one. It’s shut down economies worldwide and the banking system has been asked … The post The Finanser’s Week: 4th May 2020 – 10th May 2020 appeared first on Chris Skinner's blog.

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Maine System Regulation 374

Chris Skinner

MAY 7, 2020

Things we’re reading today include … Investors row back on ethical principles, research shows A perky stockmarket v a glum economy Credit-rating agencies are back under the spotlight Emerging markets launch QE, too Coronavirus bailouts: Which country has the most generous deal? Losses by central banks are nothing to fear. The post Things worth reading: 8th May 2020 appeared first on Chris Skinner's blog.

Marketing 318

Marketing 318

Chris Skinner

MAY 7, 2020

The coronavirus crisis has hit everyone sudden and hard. We originally thought it was a Chinese crisis and now it’s a global one. It’s shut down economies worldwide and the banking system has been asked to step in fast and address the crisis. Governments worldwide have asked banks to give … The post Where was the digital backup to our physical structure?

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System Digital Banking 295

Chris Skinner

APRIL 4, 2020

I wouldn’t usually blog on a Saturday, but these are exceptional times and these are exceptional ideas. I’ve already seen some incredible innovation from start-ups looking to help those in need. For example, I listened to the ideas of Curl on Thursday who are running a campaign to Save Our … The post Are the big banks failing the people? appeared first on Chris Skinner's blog.

Examples 481

Examples Innovation 481

Chris Skinner

APRIL 2, 2020

Things we’re reading today include … JPMorgan on collision course with US Treasury over rescue loans 130K inquiries, 1K loans: why UK government had to tweak help for small firms Denying coronavirus loans ‘completely unacceptable’ banks told Loan and credit card payments to be frozen for three months in UK … The post Things worth reading: 3rd April 2020 appeared first on Chris Skinner's blog.

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Course US Cards Payments 242

Chris Skinner

APRIL 2, 2020

There’s a new edition of The FinTech Times that has just been released. It was designed to coincide with the Spring events in Asia that would be kicking off round about now but, as most of you now know, all events have been postponed. Nevertheless, with contributions from 11:FS, WeBank, … The post Everything FinTech Asia, with contributions from Ant Financial and WeBank appeared first on Chris Skinner's blog.

Fintech 311

Fintech Case Study Study 311

Chris Skinner

APRIL 2, 2020

The post Test appeared first on Chris Skinner's blog.

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204

Chris Skinner

APRIL 1, 2020

Things we’re reading today include … Now the world faces two pandemics – one medical, one financial | Robert Shiller Coronavirus: Banks bow to pressure and axe shareholder payments Banks paid millions in bonuses weeks before ban on cash rewards Wall Street’s debt machine: why everyone is watching bank exposure … The post Things worth reading: 2nd April 2020 appeared first on Chris Skinner's blog.

Payments 233

Payments 233

Chris Skinner

APRIL 1, 2020

These are extraordinary times. No one can remember anything like this, except maybe those over the age of 80. The last time anything like today’s world happened was the Second World War but, as I said the other day, they were fighting each other. We are fighting a thing. The … The post Trillions of dollars of #coronavirus aid appears … from where?

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492

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 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.

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Conference Video Digital Banking 338

Chris Skinner

MARCH 3, 2020

Things we’re reading today include … Monzo tops our customer service poll Wall Street prepares as coronavirus gets closer to home Was Tulip Mania really the first great financial bubble? Facebook ‘rethinks’ plans for Libra cryptocurrency Another foul day on Wall Street after surprise Fed rate cut Banks issue emergency … The post Things worth reading: 4th March 2020 appeared first on Chris Skinner's blog.

cryptocurrency 278

cryptocurrency 278

Chris Skinner

MARCH 3, 2020

I just found that Deutsche Bank Research issued three in-depth reports in January looking at the future of payments: Part I: Cash: The Dinosaur Will Survive… For Now Cash will survive. But digital currencies’ potential could re-balance global economic power. Part II: Moving To Digital Wallets And The Extinction Of … The post The end of cards and cash … not yet, according to Deutsche Bank Research appeared first on Chris Skinner's blog.

Cards 504

Cards Payments Report Digital Banking 504

Chris Skinner

MARCH 2, 2020

I just received a report from Deloitte about credit and debit cards. It says the future is not so bright: “more payment choices, along with changing consumer preferences, are threatening the long-term viability of the credit card business model.” Damn. I said that fifteen years ago. It made me think … The post The end of cards and cash … just fifteen years late appeared first on Chris Skinner's blog.

Cards 532

Cards Report Payments Mobile 532

Chris Skinner

MARCH 2, 2020

Things we’re reading today include … Goldman Sachs builds up 8.5 per cent voting rights in Metro Bank Deutsche Bank under pressure from UK regulator over compliance failings Thought Machine raises $83m in series B funding Top central banks appear primed to act to combat coronavirus risk Winners and losers … The post Things worth reading: 3rd March 2020 appeared first on Chris Skinner's blog.

Metro 269

Metro Compliance Regulation 269

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 6, 2020

Things we’re reading today include … AMP fined $5m for allowing financial advisers to rip off clients Overdrafts: A guide to your changing bank fees Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources What the coronavirus means for financial markets ING hit by sharp rise … The post Things worth reading: 7th February 2020 appeared first on Chris Skinner's blog.

Marketing 278

Marketing 278

Chris Skinner

FEBRUARY 6, 2020

I often talk about how banks have five times more regulation than technology firms. That stat comes from Bank of America Merrill Lynch who published this chart a while ago: This is confirmed by similar charts, such as this one from Benedict Evans, a Partner at the firm Andreessen Horowitz, … The post RegTech versus TechReg appeared first on Chris Skinner's blog.

America 520

America Regulation Technology 520

Chris Skinner

FEBRUARY 5, 2020

Things we’re reading today include … RBS’s digital bank Bo tells customers to shred their cards Starling hits 100,000 business customers as SME banking hots up UniCredit cuts further its stake in Turkey’s Yapi Kredi Barclays faces fresh investor revolt over fossil fuels What the City needs from an EU … The post Things worth reading: 6th February 2020 appeared first on Chris Skinner's blog.

Digital Banking 278

Digital Banking Cards 278

Chris Skinner

FEBRUARY 5, 2020

Following yesterday’s discussion of Brexit and it’s implications on financial services, there’s a little more to be said on this. For example, every year at The Financial Services Club, we are delighted to host our friend David Doyle who, with precision-based analysis, talks us through the implications of EU Regulations on … The post And even if finance gets a #Brexit deal, equivalence is not the answer appeared first on Chris Skinner's blog.

Analysis 308

Analysis Examples Regulation US 308

Chris Skinner

JANUARY 9, 2020

Looking beyond 2020, there has been a rise of quite a number of folks looking to the longer-term future. Here’s the key ones I’ve picked up on so far. First is Royal Bank of Canada with their Imagine 2025 series. Quite an investment and lots of interviews and insights. The … The post To 2020 … and beyond appeared first on Chris Skinner's blog.

Fintech 301

Fintech 301

Chris Skinner

JANUARY 9, 2020

Things we’re reading today include … Indigenous man and girl handcuffed for opening bank account Singapore receives 21 applications for five digital bank licences Customers threaten to leave Tandem Bank after announcement of new £6 monthly charge Goldman Sachs answers investor demands on consumer bank The banking tech trends that … The post Things worth reading: 10th January 2020 appeared first on Chris Skinner's blog.

Trends 213

Trends Digital Banking 213

Chris Skinner

JANUARY 8, 2020

Things we’re reading today include … Pension funds urge Barclays to stop lending to fossil fuel firms World Bank warns on global growth World Bank warns of global debt crisis amid borrowing buildup What’s at the heart of a credit score that can ruin a life SEC drops insider trading … The post Things worth reading: 9th January 2020 appeared first on Chris Skinner's blog.

Lending 222

Lending 222

Chris Skinner

JANUARY 8, 2020

As a regular BA traveller, I’m always pleased to pick up their magazine Business Life as it often has some interesting articles. This year, the magazine has a great write up of forecasts for things that will happen in the 2020s by Tim Hulse. Here are his top 10 things … The post 2020: a decade in technology appeared first on Chris Skinner's blog.

Technology 239

Technology 239

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

Chris Skinner

DECEMBER 11, 2019

An interesting lunch discussion about data the other day. It started when someone had picked up on my blog about Ana Botin, where she made the comment: “Why should data be regulated in a different way if you’re called a bank and if you’re called something else … more than two … The post Traditional banks are suffocating … they just don’t know it yet appeared first on Chris Skinner's blog.

Regulation 326

Regulation Data Digital Banking 326

Chris Skinner

DECEMBER 10, 2019

Things we’re reading today include … Deutsche Bank says crypto could replace cash by 2030 Would ‘getting Brexit done’ bring lots of new investment? Lloyds to reopen compensation claims for Reading fraud Victims of HBOS fraud in line for bigger payout Santander UK chief’s pension slashed by £436,000 over two … The post Things worth reading: 11th December 2019 appeared first on Chris Skinner's blog.

Fraud 213

Fraud 213

Chris Skinner

DECEMBER 10, 2019

Someone turned to me the other day, mid-discussion around Facebook and their abuse of customer data, and asked: How did we get here? My answer: Because we let it happen. In the last twenty years, America has allowed big tech firms in Silicon Valley to become monolith giant monopolies of … The post Show me the money! appeared first on Chris Skinner's blog.

America 239

America Data Digital Banking 239