Chris Skinner

JUNE 18, 2019

He’s written quite a few columns on Forbes that are clickbait: Customers don’t want digital banking The FinTech fast follower fallacy (which I spotted just after writing this yesterday) His latest created quite a twitter furore and was targeted at … The post Monzo and Marcus: American challengers or just noise?

Digital Banking 401

Digital Banking Fintech Innovation 401

Chris Skinner

APRIL 4, 2018

There’s a lot of discussion about FinTech and what it means to banks. Originally, everyone was talking about disruption, disintermediation and dissing banks. I personally believe most of the discussion is off-beam … The post What FinTech means to banks appeared first on Chris Skinner's blog.

Fintech 276

Fintech Digital Banking Innovation 276

Chris Skinner

JULY 21, 2017

The problem is that old systems and legacy technologies stop the bank moving forward into the nimble and agile future on offer today, and this is exactly what FinTech start-ups believe they can exploit as it is clearly a weakness for the large banks. Not bad for a six-year-old start-up.

Fintech 361

Fintech System Apple Technology 361

Chris Skinner

JULY 19, 2017

I just attended an EFMA conference where the opening presentation talked about the most innovative banks in the world. They may or may not be, you can decide, as I’m posting some of their stories here. These are the ones I quite liked, so it’s not exhaustive.

Innovation 298

Innovation Capital Conference Customer Experience 298

Insights on Business

APRIL 28, 2017

At the same time, regulators in many countries also have relaxed regulations to encourage innovation in the banking industry. As a result, many new, all-digital financial services firms, unencumbered by older, less flexible systems are aggressively pursuing customers by addressing their needs in new and distinct ways.

Digital Banking 171

Digital Banking User Experience Branding social media 171

Chris Skinner

DECEMBER 7, 2016

Just had several sessions with different conferences on Brexit, Open API’s, PSD2, Open Sourcing, Open Banking, Innovation and more … and it all seems like such drivel. One of the sessions was asking the question: is it time to drop the curtain on innovation theatre?

Fintech 150

Fintech Conference Innovation Digital Banking 150

Chris Skinner

JUNE 30, 2016

I was piqued by Victor Matarranz’s [SEVP Head of Group Strategy and Chairman’s Office, Banco Santander] presentation at MoneyConf last week, mainly because he began by talking about Fintech 1.0 versus Fintech 2.0. Fintech 1.0

Fintech 292

Fintech Maine Strategy Groups 292

PYMNTS

FEBRUARY 11, 2019

Monzo, a digital bank out of London, wants to expand past just mobile-based personal banking customers to small and medium-sized businesses (SMBs). . the company said in a blog post on Monday (Feb. The money was designated for FinTechs and smaller banking institutions to manage RBS’s customer base.

Digital Banking 115

Digital Banking Software Tools Innovation 115

Chris Skinner

MAY 12, 2017

Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. He is the Chair of the European networking forum: the Financial Services Club and sits on the advisory boards of numerous companies including Innovate Finance, Moven, and Meniga.

Regulation 255

Regulation Capital Fintech Innovation 255

Insights on Business

FEBRUARY 13, 2019

Banks continue their digital transformation journey to create new business models to satisfy today’s demanding customers. How do banks prepare for this new reality? For Bradesco, a large Brazilian bank, NEXT is the answer. Next is a digital bank, completely disassociated from the Bradesco brand.

Albuquerque 152

Albuquerque Digital Banking Millennials social media 152

Chris Skinner

NOVEMBER 2, 2018

I was talking with some friends at the most innovative bank in Europe that has stopped getting on my radar for the past few years. I first blogged about them back in 2012, when I met the founder at an event. That bank is called Fidor.

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Meeting Innovation Digital Banking Fintech 379

Chris Skinner

APRIL 4, 2018

I was super impressed by an article written by FinTech friend Bradley Leimer for International Banker the other day, and asked if I could share on the blog. Bradley kindly said yes, so here you are. Enjoy the read!

Fintech 394

Fintech Management Digital Banking Innovation 394

PYMNTS

APRIL 30, 2018

It’s a thought that was triggered recently after reading and reflecting on recent developments across three innovations heralded as FinTech’s poster children — disruptors out to change the world and eat the proverbial lunches of incumbents they say are too big and too unmotivated to change. Digital banks. Digital Banks.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Over the past couple of. Read more.

Compliance 190

Compliance Innovation Fintech Technology 190

Chris Skinner

JUNE 27, 2019

The guy was headhunted by the bank to be a gamechanger (GC), and had been gifted the ability to do almost whatever he wanted when it came to innovation, … The post When code is art, how do you attract great artists? appeared first on Chris Skinner's blog.

Innovation 328

Innovation Digital Banking Fintech 328

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Innovation 15

Innovation Fintech Online Mobile 15

Chris Skinner

JUNE 19, 2016

This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10.

Washington 150

Washington Regulation Digital Banking Innovation 150

Chris Skinner

APRIL 10, 2018

I hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table.

Fintech 292

Fintech System Digital Banking Innovation 292

Chris Skinner

AUGUST 30, 2017

A short time ago, I hosted an interesting group for the Nordic Finance Innovation meetings. The meeting gathered several of the leading-edge Banking-as-a-Service (BaaS) companies that have launched in the last few years including Bud, Clearbank, Leveris, Saxo Bank and Solaris.

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Meeting Innovation Groups Company 369

Chris Skinner

JULY 23, 2017

This week’s main blog headlines are … Why FinTech start-ups think they can beat the banks There’s an old joke about the guy who’s lost driving in the countryside who stops to ask a pedestrian how to get to the city. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint.

Boston 171

Boston Bitcoin Innovation Conference 171

Chris Skinner

MAY 25, 2016

I’ve been presenting a summary of Digital Bank and ValueWeb for a few months now. It is the story of the origins of moneykind and, as many have now heard the story, I thought it’s about time to share this on the blog. If you have half an hour free, then you can watch the presentation.

Digital Banking 279

Digital Banking blockchain Innovation Technology 279

Chris Skinner

JULY 7, 2017

Building on yesterday’s blog, Money2020 has an official Money Magazine to go with the European show, produced by Norfico. Anywho, for blog purposes, I thought I would record the final interview notes and share for those interested. Sørensen Chris Skinner needs no introduction in the fintech and banking space.

America 223

America Maine Trends Innovation 223

Chris Skinner

SEPTEMBER 11, 2017

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. You’ll all know about … The post The imperative for self-sovereign identification (get lost Equifax) appeared first on Chris Skinner's blog.

Meeting 295

Meeting Innovation Case Study Study 295

Chris Skinner

AUGUST 18, 2017

I was talking with a few FinTech firms the other day. They are all fully licensed banks, and are less than 15 years old. What I mean by this is that they talk about technology in a very different way … The post How often does your bank refresh its apps and architecture? appeared first on Chris Skinner's blog.

Fintech 309

Fintech Technology Digital Banking Innovation 309

Chris Skinner

MAY 2, 2018

I was recently interviewed by the highly innovative German bank Wirecard the other day, for their blog.

System 289

System Payments Innovation Digital Banking 289

CFPB Monitor

NOVEMBER 7, 2022

Hsu frequently has shared concerns about the need for the OCC to develop in-depth understanding of the technologies banks are adopting, including in the context of bank-fintech partnerships and bank involvement with cryptocurrency products.

Financial Technology 78

Financial Technology Technology Fintech Innovation 78

Insights on Business

FEBRUARY 19, 2016

My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation? What can banks learn from the FinTechs?

Fintech 132

Fintech Video Lending Industry 132

Chris Skinner

APRIL 23, 2017

A summary of the main blogs of the week … Arguing with a banker … A banker and I were talking about the function of a bank. The more I think about … An interview with yours truly on today’s issues for banks I was recently asked a set of questions by.BANK and duly answered.

America 184

America Leadership Maine blockchain 184

Chris Skinner

JANUARY 31, 2018

In fact, there are many innovators under 30 out there, as … The post The young visionaries changing banking appeared first on Chris Skinner's blog. John Collison was 19 when he founded Stripe with his brother Patrick, and Ollie Purdue was 21 when he dropped out of university to found neobank Loot.

Innovation 236

Innovation Industry Digital Banking Fintech 236

Accenture

JUNE 17, 2019

Open APIs, for example, serve as a bridge between software components to connect banks with ecosystem partners (such as fintechs) in providing better customer service, enable end-to-end straight-through processing and help banks shrink their legacy systems’ footprint in favor of lightweight architectures built on microservices and the cloud.

Customer Experience 153

Customer Experience Operations System Software 153

Chris Skinner

AUGUST 10, 2016

As my readers will know, I regularly interview innovators of start-ups and banks of how they see the world. These interviews constitute a third of the ValueWeb and Digital Bank books. In the interests of maintaining these case studies, as I find them interesting, I recently met Ben Milne, Founder and CEO of Dwolla.

Case Study 150

Case Study Study Digital Banking Innovation 150

FICO

AUGUST 19, 2022

Tackling the Fintech Threat: A Guide for Banks and Credit Unions. What financial institutions need to compete with fintech threat disrupters. As FinTech funding rises to new record levels – $131.5 Taking the FinTech Threat Seriously: What Should Banks Be Doing to Compete? banks collected $15.47

Fintech 52

Fintech Millennials Lending Tools 52

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Accenture

FEBRUARY 22, 2017

Following on from my previous blog introducing the new year in the Fintech Innovation programme, I wanted to turn the focus onto the emergence of RegTech—technologies that address the challenge and cost of regulatory compliance. Both are alumni of our FinTech Innovation Lab. There are hidden costs too.

Compliance 150

Compliance Regulation Innovation Fintech 150

Chris Skinner

FEBRUARY 21, 2017

After studying law at Oxford, he went back to business and is now Co-Founder and CEO of digital bank Monzo. And then, GoCardless in 2011, we founded it, myself and my two co-founders, Matt and Hiroki, and I was there for almost three years, and that was my first experience with FinTech. What really stands Monzo apart?

Study 283

Study Training Fintech Digital Banking 283

Insights on Business

FEBRUARY 19, 2016

My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation? What can banks learn from the FinTechs?

Fintech 93

Fintech Video Lending Industry 93

Insights on Business

FEBRUARY 19, 2016

My engagements with a number of global banks of various sizes over the past several months have been on one common agenda. What should be their strategy for Digital Banking transformation and what they can learn from FinTech innovation? What can banks learn from FinTech Innovation?

Fintech 70

Fintech Innovation Lending Video 70