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29 Oct 2014 10:36

Is There a Watson in Your Financial Future?

Banktech reports: Is There a Watson in Your Financial Future? How artificial intelligence might affect financial services. Source: Is There a Watson in Your Financial Future?. [Source: Banktech]

29 Oct 2014 10:36

100 Angry Tweets and Six Followers: Should Banks Really Care?

BTN reports: 100 Angry Tweets and Six Followers: Should Banks Really Care? It’s surprising how much advice varies about how to respond to customer complaints on social media. Ignore small threats, some say, while others warn banks to respond immediately because they could go viral. Still others think banks should overhaul their whole customer experience  Continue Reading » [Source: BTN]

28 Oct 2014 10:49

Charity app uses logo recognition for donations

Finextra reports: Charity app uses logo recognition for donations A new app has launched that lets cashless Brits use their mobile phones to snap photos of charity logos to make donations. Source: Charity app uses logo recognition for donations. [Source: Finextra]

28 Oct 2014 10:49

B of A Gives Startups a Wish List at Tech Innovation Summit

BTN reports: B of A Gives Startups a Wish List at Tech Innovation Summit Bank of America revealed its technology limitations to entrepreneurs at a company event in Silicon Valley, hoping some of the startups could provide assistance in areas like workflow and analytics. Source: B of A Gives Startups a Wish List at Tech  Continue Reading » [Source: BTN]

28 Oct 2014 10:49

Branch of the Future Network Innovations

BAI reports: Branch of the Future Network Innovations Bankers preparing their branches for next-generation technology need to consider as well network innovations to improve bandwidth. Source: Branch of the Future Network Innovations. [Source: BAI]

27 Oct 2014 10:50

PostFinance goes live with new digital banking platform powered by Backbase

BBR reports: PostFinance goes live with new digital banking platform powered by Backbase Swiss-based bank PostFinance has successfully launched their new digital banking platform, fully based on Backbase digital banking technology. Source: PostFinance goes live with new digital banking platform powered by Backbase. [Source: BBR]

27 Oct 2014 10:50

Inside Wells Fargo’s Digital Innovation Lab

BTN reports: Inside Wells Fargo's Digital Innovation Lab The Wells Fargo Digital Lab, which opened in late September, offers a glimpse of what banking could look like in years to come. Source: Inside Wells Fargo's Digital Innovation Lab. [Source: BTN]

27 Oct 2014 10:50

RBA warns Australian banks not to backtrack on payments modernisation

Finextra reports: RBA warns Australian banks not to backtrack on payments modernisation The Reserve Bank of Australia has warned that it will be “duty bound” to use its regulatory powers if the nation’s banks fail to deliver on promises … Source: RBA warns Australian banks not to backtrack on payments modernisation. [Source: Finextra]

27 Oct 2014 10:47

Deutsche Bank Integrates MyStandards Services Into App

PYMNTS reports: Deutsche Bank Integrates MyStandards Services Into App Starting in November, Deutsche Bank will integrate SWIFT’s MyStandards products into its Autobahn App market. This move makes the bank the first in the industry to offer the service that will allow clients to easily access and process MyStandards thorough this new channel, according to an article  Continue Reading » [Source: PYMNTS]

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]

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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 »