Chris Skinner
JULY 30, 2018
A few years ago Jamie Dimon was renowned for saying that bitcoin developers “are going to try and eat our lunch” and that silicon valley was coming to get the banks. Three years later, it’s not quite the case. The big banks are getting bigger, and the FinTech community is nibbling … The post Big banks are not feeling the FinTech heat (yet) appeared first on Chris Skinner's blog.
Bank Innovation
JANUARY 8, 2018
Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […].
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Payments Dive
NOVEMBER 30, 2018
Consumer demand for smarter wearables is leading watch makers and others to explore new approaches to embedded payment technologies.
PYMNTS
SEPTEMBER 18, 2018
Sixty years ago today (Sept. 18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. The card eliminated the need for consumers to establish credit with multiple merchants, then carry multiple cards issued by each of those merchants to pay for purchases over time.
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
How do you know if your accounting team is ready to automate the month-end close? Join us in this informative webinar, where we share the top 8 signs that indicate that a team has outgrown all existing tools and may be ready to embark upon month-end close automation. We will examine the process clues that help determine whether your team would be a good candidate for automation.
Insights on Business
MARCH 7, 2018
“If the bringing of women – half the human race – into the center of historical inquiry poses a formidable challenge to historical scholarship, it also offers sustaining energy and a source of strength.” – Dr. Gerda Lerner. On this International Women’s Day 2018 and to continue Women’s History Month , I would like to acknowledge and reflect upon some of the extraordinary, and often understated, work that women have contributed not just to this company, but to the good of
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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Bobsguide
JANUARY 10, 2018
Global technology consultancy DataArt expects to see a handful of financial technology (fintech) trends that emerged in 2017 to strengthen significantly in 2018. In particular, the growth of Artificial Intelligence (AI) in the industry will be exponential for three main reasons; hugely increased.
Gonzobanker
OCTOBER 12, 2018
Digital account opening — and more broadly Digital Sales – is HOT. Many banks and credit unions are wrestling with it this year. In fact, according to recent research , it is the single hottest application being implemented or replaced right now in banking. The vendor market for digital account opening has seen a number of new providers enter the market to challenge the legacy account opening solutions, both core provided and independent third-party providers.
Let's Talk Payments
JANUARY 2, 2018
The recent spike in the value of Bitcoin has captured the imagination of many people around the world. It is hard to believe that the cryptocurrency, which recently crossed the.
Disruptive Finance
MAY 26, 2018
A few years ago, I wrote about the inexorable rise of Google and Amazon in finance. The conclusion from the piece was “if you prefer fast action and major Fintech disruption from tech powerhouses, then forget Amazon, Google or Apple, and watch Alibaba or Tencent… Ant Financial, the finance arm of Alibaba, is valued $50bn.” This was 2.5 years ago, and(.).
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CB Insights
NOVEMBER 27, 2018
Americans do roughly 90% of their shopping in brick-and-mortar stores. Despite this, the rise of e-commerce is blurring the lines between physical and online retail and some traditional retailers have already fallen victim to the retail apocalypse. However, while some retailers suffer, others are leveraging technology to turn their brick-and-mortar stores into strategic assets.
Chris Skinner
JULY 9, 2018
I picked up Bloomberg’s Business Week in the airport lounge at the weekend. It always has interesting reading, but this one stood out because of the front-page cover. Of course, it should have occurred to me that Brexit was a great way to make money, and the article outlines how … The post How much did Nigel Farage make out of #Brexit? appeared first on Chris Skinner's blog.
Dataconomy
DECEMBER 18, 2018
Disasters are dangerous, but Big Data can help improve disaster relief and preparedness to cut back on lives lost and community damage. Historically, public policies have proved ineffective in providing adequate help for disaster-stricken citizens. A year after hurricane Harvey in 2017, for example, residents are still in the midst. The post How Big Data Assists in Disaster Relief and Preparedness appeared first on Dataconomy.
Payments Dive
OCTOBER 2, 2018
Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities.
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In the ever-evolving commercial lending landscape, adaptability is key to survival and growth. As lenders navigate the challenges and opportunities presented by the state of the market, alternative lending strategies have emerged as powerful tools for success. We will explore six strategies with the potential to transform lenders’ business. Understanding alternative lending strategies is crucial.
The Financial Brand
DECEMBER 29, 2018
As financial institutions enter 2019, there are 5 goals all organizations should consider to become more competitive digital banks. The post 5 Resolutions For Digital Banking Success in 2019 appeared first on The Financial Brand.
Insights on Business
JULY 11, 2018
There is a quote in the most recent Star Wars movie, “The Last Jedi” that gets me thinking about innovation; ‘We are the spark, that will light the fire” The Star Wars movies, books, games and mythos is a masterfully woven tapestry telling the tale of a little guy triumphing over an established, organized and technologically advanced pan galactic empire.
Payments Source
DECEMBER 20, 2018
The digital ID market has massive potential, but many fundamental problems that must first be overcome. Among them: The companies best positioned to provide a viable digital ID platform are not the ones best positioned to benefit from it.
Bobsguide
DECEMBER 3, 2018
Niels Bohr, the Danish, Nobel-prize winning physicist once said “prediction is very difficult, especially if it’s about the future” However, there is something about human nature that compels us to make predictions, and there is something else about our nature that seems to.
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The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.
Chris Skinner
APRIL 18, 2018
I meet a lot of senior executive teams of large banks. Some are visionary, many are committed and a large number understand that life is changing. Few understand how. I talk to them about the fintech world of change and how millennials are reshaping banking, from Stripe, started by two … The post Digital banking? Isn’t that just an app? appeared first on Chris Skinner's blog.
Chris Skinner
NOVEMBER 8, 2018
I often talk about teaching children to learn what machines cannot learn. Our system of education was created in the Industrial Revolution, and is based upon kids being stuffed with facts, stats and dates. They learn to parrot-fashion repeat things, and are tested to see if they can remember. It’s … The post Teach children the things that machines cannot learn appeared first on Chris Skinner's blog.
Chris Skinner
DECEMBER 12, 2018
I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba; he’s not concerned about FinTech start-ups, Revolut or Monzo; he doesn’t really care about Open Banking and software; as for machine learning, artificial intelligence (AI) and … The post Compliance will kill the bank appeared first on Chris Skinner's blog.
Chris Skinner
FEBRUARY 4, 2018
Talking of banks not being trusted, do we have reasons to mis-trust them? Yes, many. Not only are many banks regularly called out for bad behaviour, but some have gone to the extremes of forging customers signatures. Then there has been the UK’s PPI scandal and Wells Fargo’s false account … The post How bad does a banker have to behave to be jailed?
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Chris Skinner
APRIL 3, 2018
I’m launching the new book Digital Human in New York on the evening of April 12. If you would like to get a signed copy of the book, just register here. BTW, I’ve also heard a lot of people have been frustrated that Amazon cancelled their pre-orders of the new … The post Digital banks are 35+ times more productive than traditional banks appeared first on Chris Skinner's blog.
Chris Skinner
JANUARY 4, 2018
I really liked this article by John Kennedy over at Silicon Republic, and decided to reproduce it here as it’s fitting for the kickoff of 2018. Who are the fintech start-ups in Europe worth banking on in the year ahead? Europe is in the grip of a fintech revolution and 2018 … The post 20 of Europe’s hottest fintech start-ups to watch in 2018 appeared first on Chris Skinner's blog.
Chris Skinner
OCTOBER 30, 2018
I got this headline today: Most banks will be made irrelevant by 2030 – Gartner Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. And it … The post Gartner: you’re better than this appeared first on Chris Skinner's blog.
Chris Skinner
SEPTEMBER 12, 2018
I recently did an interview with my American friend Jim Marous over on The Financial Brand. It’s a good interview so I thought I would post my answers here. Feel free to comment! Your newest book, Digital Human, is obviously an outgrowth from your two previous books, ValueWeb and Digital … The post Financial Institutions Aren’t Prepared for the Digital Revolution appeared first on Chris Skinner's blog.
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