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.

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Innovation Capital Conference Customer Experience 298

Chris Skinner

DECEMBER 15, 2017

After all, it’s easy to call out banks for doing banking as usual but, if I … The post Look East for innovation appeared first on Chris Skinner's blog. So, I was asked the other day: where is the car?

Innovation 225

Innovation Digital Banking Fintech 225

Chris Skinner

NOVEMBER 25, 2019

I picked up a few innovative changes taking place this week within banks. In fact, I should point out that banks are not static beasts, as many claim. The question is: are they adapting in … The post Are banks adapting in the right way? appeared first on Chris Skinner's blog.

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Innovation Case Study Study Digital Banking 461

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

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

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

SEPTEMBER 16, 2019

I was recently asked by Volante Technologies to consider what being a digital bank means, specifically for a commercial bank and, even more specifically, the bank’s payments and treasury services. appeared first on Chris Skinner's blog.

Payments 311

Payments Digital Banking Retail Technology 311

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.

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Digital Banking User Experience Branding social media 171

Chris Skinner

MARCH 3, 2019

I just had a week down-under in the land of the roo, and discovered that the RBA – Reserve Bank of Australia – has done an about turn in the last couple of years and encouraged some innovation in banking (at last!). appeared first on Chris Skinner's blog.

Innovation 343

Innovation Digital Banking 343

Accenture: Banking

AUGUST 8, 2021

It’s a striking example of how an innovator with a tech edge and strong sense of purpose can upend a mature industry and force incumbents to compete on their terms. The post Why banking’s ‘electric car moment’ will create new winners and losers appeared first on Accenture Banking Blog.

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Examples Innovation Industry Digital Banking 352

Chris Skinner

JULY 20, 2017

One of the presentations I particularly enjoyed at the EFMA meeting was from Gürhan Çam, Senior Vice President- Digital Banking at DenizBank, Turkey. You will all know by now that I love the innovations in retail banking in Turkey, and Gürhan didn’t disappoint. First, there is the fastPay Wallet.

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social media ATM Innovation Digital Banking 292

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

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

Chris Skinner

AUGUST 21, 2017

I was in a conversation with a bank executive talking about innovation. We all know the Catch-22 in a bank: you want to be innovative, but only as long as there’s no risk but, with any innovation, there has to be risk.

Innovation 275

Innovation Digital Banking 275

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

Chris Skinner

JULY 22, 2020

McKinsey expect that cloud usage will rise from less than a quarter of banks business being cloud-based to … The post Hey bank, get onto my cloud! appeared first on Chris Skinner's blog.

Google 488

Google National Digital Banking Innovation 488

Chris Skinner

NOVEMBER 25, 2018

I’m likely to be blogging about leadership all this week, as that was the theme du jour of our Nordic Finance Innovation meetings in Copenhagen and Oslo last week.

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Leadership Meeting Innovation Digital Banking 281

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

MAY 17, 2017

In fact, I would be amazed if anyone who reads my blog could honestly say that digitalisation doesn’t change their business model. After all, the business model of banks was built for face-to-face interactions backed up by paper documentation; the business model of digital banks is for device-to-device interactions backed up by data.

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Leadership United States Survey Conference 321

Accenture: Banking

DECEMBER 8, 2020

This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. We know digitally mature banks comprehensively outperform their peers, and that’s reason enough for those lagging on the digital curve to start transforming themselves.

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System Marketing Analytics Digital Banking 398

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!

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Fintech Management Digital Banking Innovation 394

Chris Skinner

MAY 12, 2017

Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and fintech through his blog, the Finanser.com, Chris Skinner is one of the biggest names in fintech today. We are seeing big changes to encourage innovation.

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Regulation Capital Fintech Innovation 255

Chris Skinner

APRIL 13, 2018

I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM.

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Maine Retail Digital Banking Innovation 360

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

APRIL 2, 2019

Going digital, getting rid of branches, becoming cashless seem to be the main themes, and yet this ignores that every part of the world is different. It’s hard to go digital if the country has little infrastructure; … The post Time for a global FinTech platform? appeared first on Chris Skinner's blog.

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Fintech Maine Digital Banking Innovation 410

Accenture: Banking

APRIL 26, 2017

Given that this trend is coinciding in with an ongoing shift by younger consumers towards more innovative channels—the likes of wearables, social media and instant messaging—it’s possible that the continued strong usage of branches is a transitory effect. Figure 5: Would you be interested in using the following banking models?[5].

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Millennials social media Innovation Study 277

Chris Skinner

NOVEMBER 24, 2019

It starts with talking about how Santander can make a difference on climate change with Ana claiming that the bank is voted the most sustainable bank in the world. But when the interviewer, Erik Schatzker, asks her … The post Ana Botin of Santander on FinTech and Blockchain appeared first on Chris Skinner's blog.

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blockchain Fintech Digital Banking Innovation 389

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: Banking

AUGUST 28, 2023

According to recent Accenture research, banking customers view loyalty as a two-way street: they are open to being loyal to one primary bank, but they want their bank to recognize and reward this loyalty. And while the… The post How banks can reimagine a winning loyalty strategy appeared first on Accenture Banking Blog.

Strategy 356

Strategy Customer Experience Study Digital Banking 356

Chris Skinner

JANUARY 8, 2018

You may not have seen it, but it is estimated that two-thirds of the jobs of the future are … The post Future bank products are like jobs for your children appeared first on Chris Skinner's blog.

Digital Banking 351

Digital Banking Innovation Fintech 351

Chris Skinner

JULY 21, 2017

Really easy to work with, the company is the chosen system for many other innovative companies including Kickstarter and Apple Pay, and valued at almost $10 billion by the end of 2016. These companies include firms like Stripe, a six-year-old start-up that is the preferred code for building online checkout services.

Fintech 361

Fintech System Technology Apple 361

Accenture: Banking

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 201

Compliance Innovation Fintech Technology 201

Chris Skinner

SEPTEMBER 1, 2017

… The post Slow regulations versus fast tech appeared first on Chris Skinner's blog. MiFID and PSD were top of mind, along with Basel III and other global, European and domestic regulations. I wrote a lot about regulations.

Regulation 343

Regulation Technology Digital Banking Innovation 343

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.

America 223

America Maine Trends Innovation 223

Chris Skinner

DECEMBER 5, 2017

Source: IBM As can be seen, we have several different groups working on Open Banking. There’s the Payment Services Directive 2 (PSD2) with Open APIs for payments, … The post The best research into Open Banking appeared first on Chris Skinner's blog.

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Groups Payments Report Digital Banking 340

Chris Skinner

FEBRUARY 14, 2019

The first is by Julian Birkinshaw, Professor of Strategy and Entrepreneurship, who argues that people will be integral to … The post 100 years of AI Life appeared first on Chris Skinner's blog.

Strategy 337

Strategy Digital Banking Innovation 337

Chris Skinner

JUNE 19, 2016

America’s banking regulations strangle innovations I was asked the question the other day as to why there is no new digital bank start-up in the USA … America’s regulations are not the problem I received … The post The Finanser’s Week: 13th June – 19th June 2016 appeared first on Chris Skinner's blog.

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Washington Regulation Digital Banking Innovation 150