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28 Aug 2014 09:33

Regulation: The Mother of Invention?

Banktech reports: Regulation: The Mother of Invention? D+H CEO Gerrard Schmid talked regulation and innovation at his company’s Connections 2014 conference. Source: Regulation: The Mother of Invention?. [Source: Banktech]

28 Aug 2014 09:33

Westpac NZ licenses Moven money management tech

Finextra reports: Westpac NZ licenses Moven money management tech Westpac New Zealand is integrating money management technology from New York-based Moven into its new digital banking platform. Source: Westpac NZ licenses Moven money management tech. [Source: Finextra]

27 Aug 2014 10:05

Westpac Builds Digital Banking’s High-Speed Rails

BTN reports: Westpac Builds Digital Banking's High-Speed Rails Westpac New Zealand is upgrading its data centers, security infrastructure and software development as it seeks to quickly create products for mobile, wearable and other devices. Source: Westpac Builds Digital Banking's High-Speed Rails. [Source: BTN]

26 Aug 2014 09:41

The rise of the Asian superbroker

Bankingtech reports: The rise of the Asian superbroker As the global banks grapple with tides of regulation, fines, and a myriad of other post-crisis issues, local Asian institutions are tooling up and stepping in to fill the gaps. Source: The rise of the Asian superbroker. [Source: Bankingtech]

26 Aug 2014 09:40

Banks and retailers sign on for new Australian Payments Council

Finextra reports: Banks and retailers sign on for new Australian Payments Council Australian banks, retailers and payments specialists have signed on to a new co-ordination body that aims to step up the pace of innovation in the … Source: Banks and retailers sign on for new Australian Payments Council. [Source: Finextra]

25 Aug 2014 09:57

2015 Digital Banking Strategic Planning (part 2)

Netbanker reports: 2015 Digital Banking Strategic Planning (part 2) Continuing on the 2015 strategic planning theme (see part 1: insurance, lifetime transaction archives and subscription fees)….Here are numbers 4, 5 and 6 in my semi-prioritized list of 2015 priorities:_______________________________________4. Small business debt crowdfunding_________________________________________While commercial lending in the United States is… Source: 2015 Digital Banking Strategic Planning  Continue Reading » [Source: Netbanker]

25 Aug 2014 09:55

Buying Stuff Within A Tweet Is Reportedly Coming To Twitter Via Stripe

TechCrunch reports: Buying Stuff Within A Tweet Is Reportedly Coming To Twitter Via Stripe  Soon you’ll be able to buy something straight from a Tweet, if the rumours come true. Tech site Re/code says sources have told it that Twitter is working with payments startup Stripe on the launch of its ‘in-tweet’ commerce project. Twitter  Continue Reading » [Source: TechCrunch]

21 Aug 2014 10:18

This is how PayPal will take over your phone

VentureBeat reports: This is how PayPal will take over your phone PayPal and Braintree are finally bringing the magic of Venmo Touch to PayPal transactions. Source: This is how PayPal will take over your phone. [Source: VentureBeat]

21 Aug 2014 10:16

Wells Fargo to invest in fintech startups through accelerator

Finextra reports: Wells Fargo to invest in fintech startups through accelerator Wells Fargo has become the latest bank to launch an accelerator programme, promising mentoring and hard cash to selected fintech startups. Source: Wells Fargo to invest in fintech startups through accelerator. [Source: Finextra]

21 Aug 2014 10:16

Geezeo, MEA Form Strategic Parternship

Banktech reports: Geezeo, MEA Form Strategic Parternship The two companies share a variety of common clients. Source: Geezeo, MEA Form Strategic Parternship. [Source: Banktech]

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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 »