This week's main blog notes include ...
Banks waste billions on digital
How much money is wasted by banks on digital? I wonder whether, one day, anyone will work out how much money has been wasted by banks on digital technologies. Various reports reckon that banks spend anything from half a trillion dollars a year on tech …
Digital’s impact on towns: the end of main street
I’ve had several debates about the closure of shopping malls, the end of offices and the deserted high streets and main streets of the world. Add Covid lockdown to retail meltdown and the shops are disappearing faster than Donald Trump’s tweets. Thing is, the real …
I just got a report from PwC and my heart sank. The headline is: Financial institutions to significantly increase use of gig economy workers to upskill workforce PwC report suggests up to a fifth of future workforces in financial services could be gig employees The …
Read all about it: The Kalifa Review is out!
I blogged the other day about Singapore-on-the-Thames in anticipation of the Kalifa Review of UK FinTech. Today, the review is released so, here it is: Executive Summary Over the past decade, the UK has been quietly undergoing a fintech revolution – in jobs, innovation, …
The elephant, the bird and the tiger (king)
This is the tenth in a series of blogs about the elephant, which represents the economy, and the bird, which represents the future. Spring is in the air. The clocks are jumping forward, and vaccines are being given everywhere. We feel we are coming through the …
I recently joined The Digital Growth podcast … powered by Sounder … and they kindly transcribed the conversation, so I thought I would share it here. Chris Skinner: Traditional banks tend to push products through channels to get greater share of wallet and cross …
If it walks like a bank, talks like a bank and smells like a bank, then it’s a bank
I see so many articles with titles like: What will banks do when Amazon becomes a bank? Google to take on banks Big Tech versus Big Banks … and so on and so forth. If you haven’t noticed, I keep on saying that Amazon, Google …
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, 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...
