Chris Skinner

AUGUST 26, 2018

I was having a debate about innovation with a friend. They said that most of what banks were calling innovation is actually business optimisation or, as I call it, incremental improvements. Incremental improvements are doing existing processes cheaper and faster, more effectively and more efficiently, with change. Easy areas to … The post Changing the bank means changing the customer appeared first on Chris Skinner's blog.

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Independent Banker

AUGUST 26, 2018

“Community service is a timeless tradition that’s core to every community bank.”. By Rebeca Romero Rainey, President and CEO, ICBA. As I work on this column, I’m in Santa Fe, preparing to speak at the Independent Community Bankers Association of New Mexico’s annual convention. I was chairman of this great organization 10 years ago, and the theme of that convention was “Independent Community Banks—A Timeless Tradition.

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Chris Skinner

AUGUST 26, 2018

Things we’re reading today include … Powell sets Fed’s course with data-based judgment UK’s biggest payday lender Wonga ‘on the brink of collapse’ Britons seem relatively relaxed in the face of Brexit apocalypse | Larry Elliott Wonga ‘on brink of collapse’ after surge in compensation claims The mood on Brexit … The post Things worth reading: 27th August 2018 appeared first on Chris Skinner's blog.

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The Financial Brand

AUGUST 26, 2018

Begin by looking inside your institution, not out the window. The biggest risk to the future of banking may be your organization's internal qualities. The post Confronting the Greatest Risks To Financial Services’ Future appeared first on The Financial Brand.

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

Lending

Chris Skinner

AUGUST 26, 2018

The main blog headlines are … The secret to success with customer data It shows the nature of money and finance in our lives, in the way that the media reports about it. Quite often you get a scary headline like the big banks are watching you or banks will … The post The Finanser’s Week: 20th August 2018 – 26th August 2018 appeared first on Chris Skinner's blog.

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Vitalik Buterin

AUGUST 26, 2018

See update 2018-08-29. One of the key tradeoffs in blockchain design is whether to build more functionality into base-layer blockchains themselves (“layer 1”), or to build it into protocols that live on top of the blockchain, and can be created and modified without changing the blockchain itself (“layer 2”). The tradeoff has so far shown itself most in the scaling debates, with block size increases (and sharding ) on one side and layer-2 solutions like Plasma and channels on the other, and to so

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