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18 Apr 2014 10:59

Improving Security In the Fast-Paced World of Mobile

Banktech reports: Improving Security In the Fast-Paced World of Mobile Looking at the biggest threats banks face in mobile with BITS’ security expert Jim Pitts. Source: Improving Security In the Fast-Paced World of Mobile. [Source: Banktech]

18 Apr 2014 10:58

Banks Add Mobile Money Management to Attract Millennials

BTN reports: Banks Add Mobile Money Management to Attract Millennials Banks are aiming to add personal financial management features, including goal-based savings vaults and cash flow forecasting, to standard banking apps like mobile check depositing. Their goal: Turn Gen-Y into a loyal client base. Source: Banks Add Mobile Money Management to Attract Millennials. [Source: BTN]

17 Apr 2014 10:59

Chinese Web giant Baidu launches mobile wallet

Finextra reports: Chinese Web giant Baidu launches mobile wallet Search engine provider Baidu has become the latest Chinese Web firm to move into the mobile money arena, launching a payments and wealth management … Source: Chinese Web giant Baidu launches mobile wallet. [Source: Finextra]

17 Apr 2014 10:59

Qapital takes PFM to the next phase with proprietary account integration

Finextra reports: Qapital takes PFM to the next phase with proprietary account integration Swedish financial management start-up Qapital is preparing to launch in the US with a service that enables users to track their spending, set savings … Source: Qapital takes PFM to the next phase with proprietary account integration. [Source: Finextra]

16 Apr 2014 09:10

Westpac Aims to be First to Unlock Mobile Apps with Fingerprints

BTN reports: Westpac Aims to be First to Unlock Mobile Apps with Fingerprints The cutting-edge bank — it already offers smart watch apps — is testing the technology on its employees’ mobile devices and, if all goes well, it plans to roll it out to its customers by late summer. Source: Westpac Aims to be  Continue Reading » [Source: BTN]

16 Apr 2014 09:09

The London Fintech Boom — TransferWise And Others Hit Record Numbers

TechCrunch reports: The London Fintech Boom — TransferWise And Others Hit Record Numbers  Slowly but surely a revolution has been taking place in financial technology, or fintech as we call it these days. These days fintech’s hottest sphere is not in Bloomberg terminals but in disruptive cloud startups, using the Internet as a route around  Continue Reading » [Source: TechCrunch]

16 Apr 2014 09:09

ANZ chief Smith puts social media at the heart of the bank’s future strategy

Finextra reports: ANZ chief Smith puts social media at the heart of the bank's future strategy ANZ chief executive Mike Smith has committed to making social media engagement and digital services a “key business priority” for the Australian bank … Source: ANZ chief Smith puts social media at the heart of the bank's future strategy. [Source: Finextra]

15 Apr 2014 09:13

Are ATMs the Right Channel for Serving the Underbanked?

BTN reports: Are ATMs the Right Channel for Serving the Underbanked? The ATM Industry Association is examining ways the machines can be used to better reach lower-income consumers. Sending money to someone, paying bills, and loading a portion of a check onto a prepaid card are among the types of transactions the group is envisioning  Continue Reading » [Source: BTN]

15 Apr 2014 09:13

Pay By Palm?

PYMNTS reports: Pay By Palm? For some people paying by phone is already the last big thing, and they’ve moved on to paying by palm. Swedish students are now paying with the palms by using Quixter, a truly unique POS device that authorizes payments by scanning the unique patter of blood vessels in an individual’s  Continue Reading » [Source: PYMNTS]

15 Apr 2014 09:13

Keys to Successful Multichannel Optimization

BAI reports: Keys to Successful Multichannel Optimization Developing and executing a multichannel strategy requires foundational data to ensure that the strategy aligns with channel capabilities, customer preferences and the bank’s overall strategy and brand promise. Source: BAI Strategies. [Source: BAI]

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Chris Skinner is best known as an independent commentator on the financial markets through the Finanser and Chair of the European networking forum the Financial Services Club, which he founded in 2004. The Financial Services Club is a network for financial professionals, and focuses on the future of financial services through the delivery of research, analysis, commentary and debate and has regular meetings in London, Edinburgh, Dublin and Vienna. He is the author of nine books covering everything from European regulations in banking through the credit crisis to the future of banking and is a regular commentator on BBC News, Sky News and Bloomberg about banking issues.
10 posts

Written by  22 Nov 2012 07:51

Virtual currencies will explode thanks to mobile games

The European Central Bank (ECB) has just issued a report on Virtual Currency Schemes, with case studies on Second Life and Bitcoin (both previously covered in depth here). In the report, the ECB calls Bitcoin “the most successful — and probably most controversial — virtual currency scheme to date.” The ECB goes on to say that the concept of Bitcoin  Continue Reading »

Written by  25 Oct 2012 05:20

Osaka, here we come! Sibos 2012.

Many of us are gearing up for this year’s SIBOS – the big SWIFT jamboree that gathers all those involved in payments worldwide … whoops, involved in transaction processing worldwide. This year it’s in Osaka, Japan, and I’m on my way over there at the weekend. As a result, the next week of blogging will  Continue Reading »

Written by  11 Jul 2012 09:18

Square: The Apple of Finance

In case you didn’t see it, Wired magazine ran an article about Jack Dorsey and Square this month.  Throughout the article, they compare Jack Dorsey to Steve Jobs and Square with Apple. In a long opening – the first page is just about pouring tea! – they finally get to the crunch so here’s my shorter, edited version: Square may  Continue Reading »

Written by  22 Jun 2012 05:39

Innovating on a sinking ship: the Innotribe Belfast write up

I’ve already given some reflections on last week’s Innotribe Belfast meeting in my write ups of Metro Bank and Fidor Bank. Now, for a more general write-up, I’ve taken the inputs of Kosta Peric, the SWIFT innovation group leader who runs innotribe; the innotribe start-up details; and the input of participating company Allevo; to put together my own summary of the whole  Continue Reading »

Written by  21 May 2012 03:40

The multibranded bank

Having made the claim many times that banks are not great at multichannel but excel in a single channel, I got into an interesting debate last night with the CEO of one UK bank. He was asking whether branch-based banking had a future. I said branches have a limited future, with the megastore branch being  Continue Reading »

Written by  14 May 2012 00:55

Who moved my rock?

I often use two discussion points by way of background when talking about the future. The first is that kids will show you the way, because children are rushing towards the future whilst most adults are rushing away from it. Children at 9 and three-quarters and 12 and half, whilst adults are celebrating their 31st  Continue Reading »