The blog's main discussions this week included:
The United Nations Climate Change Conference (COP26) takes place in Glasgow from 31 October – 12 November 2021. Triodos Bank have selected five key events they feel worth attending so, here they are: ‘Finance Day’ – Wednesday 3 November For the first time the COP has an …
COP26: the launch of a Global Citizens Assembly
I’ve been involved in an exciting group that is sending a letter to Prince Charles and the World Economic Forum calling for a Global Citizens Assembly. It’s a call to action for COP26 and I was tempted to write all about it … but was …
Take the Finverse more seriously
I’ve blogged a bit about the Finverse – where the metaverse and crypto come together – and was reading Jemima Kelly’s column on the FT about the Metaverse and crypto. She states: As far as I’m concerned, the hypocritical fantasy that underpins crypto also lies …
Banks’ bones are being picked apart by specialists … what will be left?
McKinsey estimate that payment processing will generate $2.6 trillion a year in fees by 2025, which raises this stream to 40% of a banks overall revenues. Whoopy-doo! But why are they forecasting banks have these revenues? I searched the article, and maybe my search missed something, …
Stripe and Klarna partner: how long till the global digital financial platform is built?
Four years ago, I was using this slide in my presentations. As I blogged at the time: “Those who recognise that banks are doing 1000 things average, will naturally come together to do 1000 things brilliantly.” The idea was that FinTech start-ups would start to …
Developers are the new bankers
There was a good report the other day from Wells Fargo. The headlines: Banks spend $200 billion a year on technology, more than any other industry 100,000 banking jobs will disappear through automation in the next five years Most will be the low-paid roles in …
People need people, not just apps
This headline struck me: Barclays Bank branch to shut as only 15 people use it regularly Reading the report, Barclays spokesperson is quoted as saying that “85% of customers at the branch are using alternative ways in which to undertake their banking, including via the …
The week’s main headlines include (via Bussmann Advisory):
- ECB invites tech experts to join CBDC debate
- A Look into Switzerland’s Distributed Ledger Technology Act
- Global regulators target blockchain-based ‘decentralised finance’
- Brazil's FinTech Nubank, last valued at $30B, files for U.S. IPO
- UK FinTech Bank Monzo seeks $4B valuation for $400m funding
- Fintech giants Stripe and Klarna partner on 'buy now, pay later' as competition heats up
- Who runs the show at Klarna? Meet the people with power at the $45bn fintech
- Visa boasts it is fuelling BNPL around the world
- Justice Department probes Visa's relationships with Fintech companies
- Facebook launches crypto wallet with Paxos stablecoin
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...
