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21 Oct 2014 09:27

Visa veterans raise $14.5m for bitcoin processing platform

Finextra reports: Visa veterans raise $14.5m for bitcoin processing platform Bitnet, a bitcoin payments processor targeting large merchants that was set up earlier this year by a gaggle of Visa and CyberSource veterans, has … Source: Visa veterans raise $14.5m for bitcoin processing platform. [Source: Finextra]

21 Oct 2014 09:27

Mobile Payments To Benefit From Tech Investments

PYMNTS reports: Mobile Payments To Benefit From Tech Investments Financial service companies are expected to invest about $110 billion in various payment technologies by 2017, with mobile getting a very healthy percentage of those funds, projects Frost & Sullivan. “By aligning innovative payment technologies – particularly those based on mobile usage and new mobility trends  Continue Reading » [Source: PYMNTS]

21 Oct 2014 09:27

Mobile Banking Divergence: Where True Adoption Begins

Banktech reports: Mobile Banking Divergence: Where True Adoption Begins How to optimize mobile apps to attract today’s tech-savvy customers. Source: Mobile Banking Divergence: Where True Adoption Begins. [Source: Banktech]

20 Oct 2014 09:45

3 Common & Costly CIO Mistakes

Banktech reports: 3 Common & Costly CIO Mistakes CIOs are often undone by sticking with old systems too long and failing to market themselves. Here’s how to right the ship. Source: 3 Common & Costly CIO Mistakes. [Source: Banktech]

20 Oct 2014 09:44

IT Innovation in Financial Services: 2 Roads Diverged?

Banktech reports: IT Innovation in Financial Services: 2 Roads Diverged? Corporate culture can be a springboard, or roadblock, to innovation in banking. Source: IT Innovation in Financial Services: 2 Roads Diverged?. [Source: Banktech]

20 Oct 2014 09:44

CEOs Speak Out On The Future Of Mobile Payments

PYMNTS reports: CEOs Speak Out On The Future Of Mobile Payments ‘Tis the season for making our lists and checking them twice, to determine which ledgers have been naughty and nice. Earnings’ seasons is here again and payments players didn’t disappoint, reporting the traditional profits and losses and then talking with financial analysts to calmly  Continue Reading » [Source: PYMNTS]

16 Oct 2014 09:49

Banks Need to Move at the Speed of Innovation

Banktech reports: Banks Need to Move at the Speed of Innovation How banks can build an innovation strategy to keep up with the pace of changing customer expectations. Source: Banks Need to Move at the Speed of Innovation. [Source: Banktech]

16 Oct 2014 09:47

W3C standards body looks to improve web payments

Finextra reports: W3C standards body looks to improve web payments The World Wide Web standards organisation, W3C, is bringing together banks, retailers and tech firms in an effort to develop standards for payments … Source: W3C standards body looks to improve web payments. [Source: Finextra]

15 Oct 2014 10:03

Digital investments top priority for retail banks – BAI

Finextra reports: Digital investments top priority for retail banks – BAI Online and mobile platforms are the leading focus of technology investments for retail banks as they move to increase the functionality of their … Source: Digital investments top priority for retail banks – BAI. [Source: Finextra]

15 Oct 2014 10:03

Finance made social

Bankingtech reports: Finance made social The social contract between the banking system and society is fundamentally broken. We deserve a financial system that we can all be proud of, one that is fairer and more sustainable than the current iteration. Source: Finance made social. [Source: Bankingtech]

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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 »