Chris Skinner's blog

Shaping the future of finance

The Finanser’s Week: 7th October – 13th October 2013

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Our biggest stories of the past week are ... 

Five payments innovations
down under

So I just finished presenting as keynote at CeBIT
Australia’s Future of Payments conference, when the day was completed by a
start-up challenge (you have a lot to answer for innotribe!). The prize on
offer was a free stand at...

Mobile is the
authentication tool

The more I think about mobile as an authentication tool, the
more attractive it becomes. First you can geolocate customers using mobile.
XYVerify does this using telco masts, rather than mobile devices, as it can
then use an independent verification...

Banking decomposed or
decomposing banks

What happens when your product is a username, your
processing is an API and your customer engagement is just an app? It’s a
question I’ve been playing with for a long time now: BaaS: Banking as a
Service, February 2009...

How the decomposed
bank will compete

Building upon yesterday’s discussion - where your product is
a username, your processing is an API and your customer engagement is just an
app - I was talking to a bunch of banks and new entrants about Big Data

World Economics: is
your bite as bad as your bark?

This week I’m travelling across Asia, soaking up the changes
and developments here. What’s intriguing is the first debate is about the ASEAN
economies and how they are adapting to change. The speaker is a highly
respected Professor and Economist,...

The major general news stories of the past week include ...

crowdfunding site wants to become a bank
- Reuters
A website which brings new sources of funding to small British businesses by
allowing individuals to invest as little as 10 pounds in them, is aiming to
become the first crowdfunded investment bank, its CEO said.

reform plans could open up text message payments
- The Telegraph
The Government has unveiled plans to radically reform the UK's bank payment

of bank intern found dead calls for new laws to protect the lives of employees

- Evening Standard
The father of a bank intern found dead after working through the night three
times in a row today urged the Government to introduce new laws to protect

insists on speaking to BABY about his savings account despite not being able to
- The Mirror
His parents had called to correct an error on a saver account they had set up
for the six-month-old but were denied

chief Ross McEwan to review future direction of bank
- The Telegraph
Royal Bank of Scotland has begun work on a five-year plan that will likely see the
taxpayer-backed lender exit markets where it is uncompetitive.

JPMorgan become an argument for breaking up the banks?
- Financial
If the US bank is too big to control then it should be split up, says Robert

minute of every day, a bank is under cyber attack
- The Telegraph
Cases are rarely publicised, but online crime is one of the financial system's
biggest threats        

fraudsters in 24-hour spree
Bank card fraudsters target Surrey residents in a series of attempted thefts
over a period of 24 hours, police say.

ways to rob a bank using the internet
- New Scientist
This year a bank robber stole £1.3 million without touching a penny. Today's
master criminals are swapping shotguns for software – here's how they do it

aboard for Europe's shrinking bank branch network
- Reuters
Banks have shut about 20,000 branches across Europe in the last four years,
including 5,500 last year and 7,200 in 2011, according to a Reuters analysis of
European Central Bank data.


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Chris Skinner Author Avatar

Chris M Skinner

Chris Skinner is best known as an independent commentator on the financial markets through his blog,, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...

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