2018

Big banks are not feeling the FinTech heat (yet)

Chris Skinner

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. Digital Bank Fintech Grid Numbers

Blockchain 101: Mobile payments

Payments Dive

Let's take a look at the what blockchain is, and how it can help transform the mobile payments industry

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Most People Don’t Know What Cryptocurrencies Are

Bank Innovation

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 […]. Cryptocurrency DataBank Bitcoin cryptocurrencies Ethereum ICOs initial coin offerings Litecoin

How much did Nigel Farage make out of #Brexit?

Chris Skinner

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. Brexit Grid

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Powering Personalization Through Customer Data

Finding the right CDP can help unlock the value of your customer data. This eBook offers guidance on choosing, deploying, and utilizing a CDP, along with a case study on how one bank put data into action to forge stronger connections with customers.

Compliance will kill the bank

Chris Skinner

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. Grid Regulation

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Digital banking? Isn’t that just an app?

Chris Skinner

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. Digital Bank Grid Opinion

How bad does a banker have to behave to be jailed?

Chris Skinner

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? appeared first on Chris Skinner's blog. Case Studies Grid Opinion

Digital banks are 35+ times more productive than traditional banks

Chris Skinner

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.

20 of Europe’s hottest fintech start-ups to watch in 2018

Chris Skinner

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. Fintech Grid

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

Gartner: you’re better than this

Chris Skinner

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. Digital Bank Fintech Grid Opinion

Financial Institutions Aren’t Prepared for the Digital Revolution

Chris Skinner

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. Digital Bank Fintech Future Grid Opinion

How Apple's update may turn the payments space on its head

Payments Dive

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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India’s Embrace of The Startup

Bank Innovation

The startup culture in India is beginning to heat up. INV Fintech, Bank Innovation’s accelerator arm, has seen an increase in applications from India, and currently has two Indian companies in its accelerator. To facilitate the creation of an entrepreneurial and innovative ecosystem, the Government of India, through its premier policy Think Tank called the Niti.Read More.

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

How AI will change banking

Chris Skinner

The World Economic Forum has been conducting research over the last year around how AI (Artificial Intelligence) will change banking that was published last week. Here’s the lowdown: Artificial intelligence is fundamentally changing the physics of financial services. It is weakening the bonds that have held together the component parts … The post How AI will change banking appeared first on Chris Skinner's blog. Digital Bank Future Grid Technology

Open Banking: Strategy and Presentation

Chris Skinner

I haven’t given away my slides and presentation for a while, as it’s part of my unique armoury, but I’m bored with my latest slide deck so here it is. ? Open Banking Strategy and Business Model from Chris Skinner And just in case it doesn’t make sense, here’s a … The post Open Banking: Strategy and Presentation appeared first on Chris Skinner's blog. Chris Skinner Digital Bank Fintech Grid Presentations Technology

The FinTech outlook for 2018

Chris Skinner

I usually start the new year by making some predictions, but so many others have been writing about 2018 trends that I’m not going to. There are four big things for 2018 from a FinTech viewpoint that are obvious to me however, which are: Getting down to business with Artificial … The post The FinTech outlook for 2018 appeared first on Chris Skinner's blog. Fintech Future Grid Opinion

From sandbox to sandcastle

Chris Skinner

Another lively discussion followed my meeting with the FinTech communities in Asia. It was interesting as we had a chat about all aspects of what was happening in South-East Asia, and the overwhelming message that came back to me was that the regulatory sandboxes had become sandcastles. What I mean … The post From sandbox to sandcastle appeared first on Chris Skinner's blog. Fintech Grid Regulation

The Threat That Could End Community Banking & What To Do About It

A critical risk now facing community banks from the technology world and how to solve it.

Account opening? Oh, 1-2-3. Easy as A-B-C. Not!

Chris Skinner

There’s nothing like a true story to bring a point home, so here’s my latest one. I’m starting a new venture. It’s a philanthropic thing, thing to do with banking, but because we are seeking sponsorship, we need to open a bank account. I choose to open an account with … The post Account opening? Oh, 1-2-3. Easy as A-B-C. appeared first on Chris Skinner's blog. Digital Bank Grid Humour

The chasm between banks with digital leadership and those without

Chris Skinner

During #Money2020Europe Tink, the Swedish challenger bank, interviewed me on my opinions about all things finance and technology. It’s only five minutes and think it’s probably worth the viewing as people are picking up on various comments I made, such as: “The leadership team has to be completely committed to … The post The chasm between banks with digital leadership and those without appeared first on Chris Skinner's blog. Digital Bank Future Grid Opinion

Smartwatch, bracelets help broaden mobile payment options amid competition

Payments Dive

Consumer demand for smarter wearables is leading watch makers and others to explore new approaches to embedded payment technologies

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Why I like Turkish banks

Chris Skinner

Just before Christmas, I was interviewed by a Turkish magazine about the future, Turkey and fintech. I thought it might interest folks to share it here … When you wrote your first book about fintech – little was known about it. How much has that changed and have your predictions … The post Why I like Turkish banks appeared first on Chris Skinner's blog. Digital Bank Grid Uncategorized

The 5 Stages of Account-Based Marketing — and How to Win Them All

Successfully complete the five stages of ABM: define, identify, engage, convert, and connect. We’ll show you how to create a unified system with your sales team to help them land more qualified opportunities and connect with prospects like never before.

To understand banking’s future, it is important to think about its past

Chris Skinner

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! The Invisible Hand of Financial Services by Bradley Leimer, Managing Director and Head … The post To understand banking’s future, it is important to think about its past appeared first on Chris Skinner's blog. Digital Bank Future Grid History Innovation

The battles for the future of fintech

Chris Skinner

Whilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here. The battles for the future of fintech The future of financial … The post The battles for the future of fintech appeared first on Chris Skinner's blog. Chris Skinner Digital Bank Fintech Future Grid Opinion Payments

What Banks Are the Biggest Fintech Investors?

Bank Innovation

Big banks say they want to invest in fintech. But which are the ones actually putting their money on it? Well according to a report by CB Insights, of the ten bulge bracket banks, that would be Goldman Sachs. Based on the new report by CB Insights, which looked at top bulge bracket budget banks, […]. Capital DataBank Innovations Lending Mobile Open Fintech Operations Payments Citi Goldman Sachs JP Morgan

Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously

Chris Skinner

Unless you have been asleep for the last year, you cannot have failed to catch the buzz around bitcoin and other cryptocurrencies such as Ethereum’s Ether and Ripple’s XRP. There are even some coins that were created as a joke that are getting significant investments, such as Dogecoin. Dogecoin was … The post Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously appeared first on Chris Skinner's blog.

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.