Chris Skinner

JANUARY 20, 2020

Varun Mittal, Associate Partner with EY, recently posted a couple of interesting slides about the launch of virtual banking licences to encourage challenger banks in Asia. If you’re not aware, there’s a great deal of digital banking activity across Asia.

Digital Banking 413

Digital Banking Case Study Study Fintech 413

Fintech Labs Insights

MARCH 15, 2024

In the fintech space, only Fintech Meetup , launched in 2021, has reached critical mass this decade. Last week’s event in Las Vegas attracted a self-reported 4,000 attendees and was the talk of the fintech pods and Substacks the last few weeks. The pandemic slowed the introduction of new events.

Conference 15

Conference Las Vegas Fintech Case Study 15

PYMNTS

FEBRUARY 26, 2020

Back then, FinTechs asked for forgiveness instead of permission, rushing headlong into markets, disrupting them and operating in newly invented spheres of finance that regulators barely understood. The debate around data privacy is getting a new boost as discussions of open banking get real. Now, they’re laying down the law.

Regulation 130

Regulation Case Study Fraud Study 130

Chris Skinner

AUGUST 13, 2019

I recently attended a FinTech conference where Henry Ma, Vice President & Chief Information Officer of WeBank, presented an update of how the bank is faring in China. This may … The post A bank that runs accounts for just 50 cents a year appeared first on Chris Skinner's blog.

Conference 403

Conference Fintech Case Study Study 403

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

Chris Skinner

JUNE 21, 2018

I sometimes think I’m too harsh on the financial community, with my continual banter about core systems change, lack of digital leadership, inability to see how critical digital is to their future and the impact FinTech is making on global financial structures.

How To 204

How To Leadership Community Fintech 204

Chris Skinner

JULY 29, 2020

A great headline posted in The Financial Times the other day: When the banks closed in Wuhan, nobody cared The Financial Times article makes clear how advanced the Chinese economy is today.

Case Study 541

Case Study Study Digital Banking Fintech 541

Chris Skinner

JUNE 26, 2020

Another day and another headline about Wirecard: ‘The money’s gone’: Wirecard collapses owing $4 billion Wirecard’s Missing Billions Forces Out CEO, Panics Lenders Wirecard: Former boss arrested over €1.9bn scandal How Wirecard fooled most of the people all of the time Inside Wirecard Why was Frankfurt so blind for so … The (..)

Case Study 541

Case Study Study Digital Banking Fintech 541

Chris Skinner

JUNE 19, 2017

And Derek made clear that “these core capabilities need to be inside the organisation at the C-Suite level”, something I regularly underline on this blog.

Big Data 270

Big Data Mobile Customer Experience Analytics 270

Fintech Labs Insights

OCTOBER 2, 2020

From the outside anyway, Envel looks to be a case study in leveraging partners’ technology to stitch together world-class features without building in house. They have said they are working with BaaS provider Cambr and Q2 for digital banking technology. Related: Changes to The 21st Century Fintech Unicorn List (Sep 2020).

Fintech 15

Fintech Kansas City Boston UX 15

Chris Skinner

MARCH 30, 2017

Just a few weeks ago, I was in Bahrain, talking at a conference about FinTech as usual. What struck me is the interest and excitement about FinTech in both countries. I’ve just returned from the United Arab Emirates (UAE) where there were a number of events.

Regional 150

Regional Fintech Conference Maine 150

Celent Banking

APRIL 18, 2016

Both of our guest speakers – Nadeem Shaikh, Co-Founder and CEO of Anthemis Group, and Leanne Kemp, Founder and CEO of Everledger – thrilled the audience and opened everyone's eyes to the opportunities presented by Fintech and Blockchain respectively, while our colleague Will Trout spoke eloquently about consumer-led convergence.

US 100

US Case Study Risk Management America 100

Chris Skinner

JUNE 8, 2017

As Nick pointed out, historically clearing payments through BACS, CHAPS and the other national networks were controlled by a range of banks but, through consolidation, mergers and acquisitions, we have ended up in a position where only the Big 4 banks offer clearing services.

Branding 206

Branding Meeting System Regulation 206

Insights on Business

SEPTEMBER 13, 2018

From pipes to platforms, banks need to be redesigned as a set of business components in support of marketplace and digital banking. Instead, banks need to adopt a flexible, platform model where banks provide an “open banking” approach that aligns with a customer’s journey rather than just at a moment in time.

Operations 184

Operations Case Study Customer Experience Analytics 184

Chris Skinner

SEPTEMBER 25, 2018

Digital Human only came out a few months ago, and here I am off already on a new one. I’m not going to share too much about it yet, as it won’t come out for two years, except to give you some clues on … The post Which banks do ‘get IT’? I’m working on my next book already.

Case Study 372

Case Study Study Digital Banking Fintech 372

Chris Skinner

SEPTEMBER 10, 2018

I enjoyed the LendIt conference in Shanghai, and wrote a few notes. In particular, I enjoyed hearing the story of XWBank as told by Jiang Hai, the Vice Chairman. His presentation was in Chinese but, from the simultaneous translation and slides, I picked up some interesting stats.

Conference 292

Conference Case Study Study Digital Banking 292

Chris Skinner

AUGUST 25, 2017

What will happen when Amazon opens a bank. … The post Is Amazon About to Burst Banks? I get press releases all the time and generally ignore them. In fact, I don’t know why they email me, as I never post them on the blog. I just got one that I’m posting on the blog. Floodgates opening.

Case Study 340

Case Study Study Digital Banking Technology 340

Chris Skinner

MARCH 13, 2018

I’ve written a lot about Alibaba, Ant Financial and Alipay. This is not because I endorse or want to advertise the company, but because they are the first company to have embarked on a global financial inclusion strategy and have been marking it happen.

Strategy 292

Strategy Company Case Study Study 292

Insights on Business

AUGUST 15, 2017

In the world of digital banking, bigger isn’t always necessarily better. Australian digital-only bank UBank is aiming to disrupt the banking industry to deliver a simpler, better, smarter customer experience. Read the case study or check out the press release for more details about RoboChat.

Leadership 87

Leadership Case Study Innovation Online 87

Chris Skinner

SEPTEMBER 5, 2017

This is, in part, because he’s contributed one of the key pieces I’m using in my new book Digital Human (due for release next Spring), and partly because we met at … The post Financial Inclusion in Mexico: Saldazo’s overnight success appeared first on Chris Skinner's blog.

Regional 305

Regional America Case Study Study 305

Chris Skinner

MARCH 13, 2018

I’ve just spent a few days in India and the inevitable discussions around Aadhaar, UPI, demonetization and more came around. Y’all may know some of this as I’ve blogged about it before but the bit that I wanted to focus upon was the demonetization position.

Case Study 276

Case Study Study Digital Banking Fintech 276

Chris Skinner

SEPTEMBER 11, 2017

I’m making a presentation on cybersecurity this week at our Nordic Finance Innovation meetings. This meant preparing a few new slides from scratch as I don’t have a set deck for cybercrime, and sat and started ideas just as the news dropped about the Equifax breach.

Meeting 295

Meeting Innovation Case Study Study 295

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

AUGUST 15, 2017

In the world of digital banking, bigger isn’t always necessarily better. Australian digital-only bank UBank is aiming to disrupt the banking industry to deliver a simpler, better, smarter customer experience. Read the case study or check out the press release for more details about RoboChat.

Leadership 79

Leadership Case Study Innovation Online 79

Chris Skinner

OCTOBER 21, 2019

Banks are control freaks. It’s obviously easier to launch a brand new bank, fresh with no legacy and open to everything, isn’t it? I’ve blogged about that often. I’ve also blogged often about how they need to move to be open and partnering. That’s not easy. Not necessarily so.

Branding 185

Branding Case Study Study Digital Banking 185

Chris Skinner

MARCH 28, 2018

I was reading about banks being average to poor at marketing, and wondered about it. Banks’ advertising generally is about either being cool or in love with you. Here are a few examples from British banks.

Examples 234

Examples Marketing Case Study Study 234

Chris Skinner

FEBRUARY 6, 2018

I spotted two stories about BBVA that appeared yesterday. The first was in the Financial Times with BBVA Chairman Francisco Gonzalez asking the G20 to take action against the big internet firms, saying “authorities [need] to bring order to this massive change” that could “pose risks to financial stability”.

Case Study 232

Case Study Study Digital Banking Innovation 232

Chris Skinner

MARCH 9, 2018

I’m having lots of discussions about tokenisation and cryptocurrencies, and it often boils down to hashing the data. Hashing data is taking the source information which may be your account details or card information and shortening it into a machine-readable link that doesn’t share the original data.

cryptocurrency 223

cryptocurrency Data Cards Case Study 223

Chris Skinner

FEBRUARY 22, 2017

The rumour goes something like: are you not surprised that banks grow into big beasts, as it’s government supported? Governments want banks to be big and regulated, because governments can then access the data the bank is keeping about their clients. I heard a rumour the other day.

America 262

America Data Analysis Course 262

Chris Skinner

SEPTEMBER 19, 2017

I mentioned the Lego Bank not built by Lego recently. It’s all about the Open Marketplace of apps, APIs and analytics, and I said that the idea was illustrated well by firms like Solaris, Clear.bank and Bud.

Video 192

Video Analytics Case Study Study 192

Chris Skinner

OCTOBER 19, 2016

My presentations change every day, but I got a great new slide to illustrate the burning platform that banks sit upon. But there is a burning platform in all banks, and it’s … The post Banks’ burning platform is obvious appeared first on Chris Skinner's blog.

Case Study 150

Case Study Study Digital Banking Innovation 150

Chris Skinner

SEPTEMBER 9, 2016

Building on yesterday’s blog (Do bank’s need a CIO?) , the key misunderstanding is the role. Most banks thing the CIO is there to run the technology. First and foremost, the person leading technology developments in any incumbent bank of … The post The developer-driven bank appeared first on Chris Skinner's blog.

Technology 150

Technology Case Study Study Digital Banking 150

Chris Skinner

MAY 11, 2016

A core part of this is focused upon building a cheap shared ledger structure for digital identity and digital currencies and guess what? ValueWeb makes the contention that you cannot have an internet of things without a real-time and cheap internet of value.

blockchain 150

blockchain Case Study Study Digital Banking 150

Chris Skinner

JUNE 7, 2016

Not sure how many of you spotted the announcement last month that Goldman Sachs is launching a retail bank, but it’s been interesting to monitor such developments.

Retail 150

Retail Marketing Case Study Study 150

Chris Skinner

MARCH 30, 2016

Two are full banks with banking … There are a number of hotbeds for innovation in finance – London, Singapore, Tel Aviv, Silicon Valley – may all spring to mind to begin with … but what about Berlin and Munich? Yes, Berlin is showing some interesting true colours with three standout start-ups: Fidor, NUMBER26 and solaris.

Innovation 150

Innovation Case Study Study Digital Banking 150

Lex Sokolin

MAY 25, 2020

Let’s use Goldman Sachs as our case study and our frame of mind. Because apparently, Goldman Sachs is considering buying up Wells Fargo, PNC, or US Bancorp to accelerate its transformation into a consumer banking brand. You are forgiven for not remembering all my favorite Fintech minutiae. But I digress. Is that right?

Strategy 52

Strategy Fintech Capital Case Study 52

Celent Banking

MAY 20, 2016

The use of biometrics (fingerprint, facial and vocal) to access its mobile banking application positions USAA to be able to compete with Fintechs across the digital banking ecosystem and offer exceptional service to its military and family members. USAA worked with Daon Inc.

Security 113

Security Fraud Case Study Risk Management 113