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19 Aug 2014 09:22

UK banks in danger of falling behind warns study

Bankingtech reports: UK banks in danger of falling behind warns study UK banks may lose out to nimbler competitors if they don’t modernise their systems and update their infrastructure, according to a new reporting by research house TechMarketView. Source: UK banks in danger of falling behind warns study. [Source: Bankingtech]

18 Aug 2014 10:30

Three Trends That Will Make A Difference In Mobile Payments

TechCrunch reports: Three Trends That Will Make A Difference In Mobile Payments  In the summer of 2008, I was in Paris delivering a mobile payments presentation to the CEO of a French bank. At the end of the meeting, he asked me when we would see more than 50 percent of retail payments transactions in  Continue Reading » [Source: TechCrunch]

14 Aug 2014 09:39

Humin, The App That Organizes Phone Contacts By How You Know Them, Is Now In The App Store

TechCrunch reports: Humin, The App That Organizes Phone Contacts By How You Know Them, Is Now In The App Store  Humin, the app that aims to replace your iPhone contacts app is now in the App Store. Will.i.am, Richard Branson and Angry Birds creator Peter Vesterbacka were all part of the private beta launch a few  Continue Reading » [Source: TechCrunch]

14 Aug 2014 09:25

Open plan development: collaboration in retail banking

Bankingtech reports: Open plan development: collaboration in retail banking One of the most distinguishing features of the current wave of financial innovation is how the innovators are often not banks, but small fintech firms often led by former bank employees. Source: Open plan development: collaboration in retail banking. [Source: Bankingtech]

13 Aug 2014 11:17

Can Technology Serve as a Positive Disruptive Force in Banking?

Banktech reports: Can Technology Serve as a Positive Disruptive Force in Banking? Regulation inhibits the adoption and use of technology in its most disruptive form. Source: Can Technology Serve as a Positive Disruptive Force in Banking?. [Source: Banktech]

13 Aug 2014 11:17

Credit Unions Fill In The Void As Banks Tighten Rules

PYMNTS reports: Credit Unions Fill In The Void As Banks Tighten Rules If consumers get upset with their banks as rules tighten, will credit unions benefit? Credit unions are arguing that they will—and already are. “Over the past few years, the credit union memberships have been on the rise. Credit Union National Association (CUNA) chief  Continue Reading » [Source: PYMNTS]

13 Aug 2014 11:17

Can 155-Year-Old Vendor Lead the Way on Branch of the Future?

BTN reports: Can 155-Year-Old Vendor Lead the Way on Branch of the Future? Diebold, best known as an ATM manufacturer, is rebranding and diversifying itself and promoting its consulting services on a popular banking topic: how to redefine branches as sales and service hubs. Source: Can 155-Year-Old Vendor Lead the Way on Branch of the  Continue Reading » [Source: BTN]

11 Aug 2014 10:42

Taking A Wait-And-See Approach With Disruptive Innovations

TechCrunch reports: Taking A Wait-And-See Approach With Disruptive Innovations  There’s been quite the brouhaha lately about disruptive innovation. On one side is Harvard Prof. Clay Christensen (author of The Innovator’s Dilemma) and his long-prevailing theory about how disruptive innovation drives incumbents out of the market. On the other side is Jill Lepore and her attack  Continue Reading » [Source: TechCrunch]

11 Aug 2014 10:42

Finextra Leadership: The rise of the bank challengers

Finextra reports: Finextra Leadership: The rise of the bank challengers After stints at some of the world’s biggest banks, Udayan Goyal is now helping to build up a new generation of challengers through his roles at … Source: Finextra Leadership: The rise of the bank challengers. [Source: Finextra]

11 Aug 2014 10:39

VCs join fintech gold rush

Finextra reports: VCs join fintech gold rush There has been a surge in venture funding for fintech firms over the last six months, culminating in a number of big bets in July, according to data … Source: VCs join fintech gold rush. [Source: Finextra]

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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 »