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Shaping the future of finance

The Finanser’s Week: 18th January – 24th January 2016

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Our main stories of this week includes …

Banking becomes a series of components … and loses $1 trillion

Some technology trends are highly predictable. One such trend is the modularization of banking, a theme picked up in a new Oliver Wyman report that’s free to coincide with Davos. You can download the report here, but it’s basically saying something we’ve known since the …

Creating a component based bank (getting rid of the spaghetti)

One question that crops up regularly is how do we open source the bank, Chris?  The reason is that the bank has built itself over decades through thousands of programmes across hundreds of servers into this massively complex technological spaghetti that cannot be unravelled.

Still talking about the branch of the future? (don’t laugh)

I was talking with some friends and realised suddenly that we had not talked about branches or branch automation for a long time.  In fact, and this was the dawning, we haven’t talked about branch of the future for a long time. Branch of the …

100 Brilliant Minds: What Great People Say

Funding Circle, the start-up company that has now lent over £1 billion to UK small businesses, sent me an interesting link yesterday.  Because I like the link and I like them, I thought I’d use it for today’s blog. The link is to a gallery …

Are customers so important for banks?

I was asked the other day about what’s on the CEO’s agenda?  Revenue, restructuring, regulations, share price, bonus, wife, mistress … whoops, sorry, I digress. In fact the four key areas top of mind with most bank CEOs are ...


The past week’s major news headlines include …

How blockchain tech could change the way we do business - BBC
How the tech behind Bitcoin could change the world

Is Italy the next Greece? - The Telegraph
Italy's banks stocks are plunging, igniting fears over the strength of the long-troubled industry

Shawbrook Bank poaches Lloyds executive - The Telegraph
The challenger bank's chief came from Santander - and it is now looking for more senior bankers

Current account switching falls by 10% - BBC
The number of people switching current accounts has fallen by more than 10% in the past year, the industry is admitting.

Fears grow of repeat of 2008 financial crash as investors run for cover - Guardian
As leaders gathered in Davos, FTSE 100 was gripped by panic selling and entered bear market with Dow Jones also plunging Fears that the global economy could be heading for a repeat of the 2008 financial crash have sent shockwaves through financial markets – prompting a rush to safe havens

Fourth industrial revolution set to benefit richest, UBS report says - Guardian
Greatest disruption could be experienced by workers who have so far felt immune to robotic competition, Swiss bank adds The richest stand to gain more from the introduction of new technology than those in poorer sections of society, according to a report which warns that policymakers may be required to

The four big questions banks must ask themselves in 2016 - The Telegraph
Are the world's largest banks safe and do they need more regulation?

HSBC prods customers to spend less and save more - The Telegraph
The 'nudge' app will remind big spenders to rein in their outgoings, but the bank says it will be careful to avoid getting too bossy

Davos 2016: eight key themes for the World Economic Forum - Guardian
Political and business leaders gather at Swiss ski resort to discuss issues including robots, terrorism, migration and inequality The world’s political and business leaders, plus the usual smattering of celebrities – including Leonardo DiCaprio – are heading to Davos, the Swiss Alpine resort where the World Economic Forum’s annual conference

Why 2016 will be a record for bank mergers - CNBC
Mergers between U.S. banks could hit the highest level in a decade this year, Rafferty Capital's Richard Bove told CNBC on Thursday.


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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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