This week’s / month's main discussions include …
AI is bigger than the smartphone
Twenty years ago, four critical things happened: cloud computing became mainstream; the smartphone was launched; Satoshi Nakamoto released the bitcoin whitepaper; and the global financial crisis killed all trust in traditional financial institutions. All of these things pretty much happened at the same time. Twenty years later, a multi-trillion dollar world has appeared on the…
From physical to digital to AI native: the journey continues
For longer than most fintech founders have been alive, I’ve been advocating digital transformation. Digital transformation is where digital is at the heart of the business. You convert from physical to digital by reinventing the business and the business model. You start with digital at the core, and add physical on top when and where…
Launch a bank from your bedroom? Why not!
I guess the key thing about becoming an AI-native bank is to start with a clean sheet of paper. Most banks are adding AI services to old systems and dysfunctional processes; what we should be doing is starting from scratch, creating an AI core that looks at how to deliver the best customer experience. For…
Has #Revolut sparked a revolution?
In a trip to London last week, I was lucky enough to be given a deep dive into the status of Revolut, Europe’s stand-out fintech unicorn valued at $45 billion last year and $75 billion today. This is a company that, ten years ago, was just two guys sitting in a Canary Wharf office…
Should banks be telcos (and vice versa)
I’m such a futurist nerd in banking that, thirty years ago, I forecast banks would open telco services and vice versa, and can prove it if you want. The reason? Both have frequent customer contact, high transaction volumes and similar capabilities. Just seven years ago, I was still banging on the same drum. It is…
64% of payments people fear deep fakes
I just got a copy of the Payments Association’s Financial Crime Report. Here’s a quick summary …
It’s time to wind down for the summer hols, so I will be posting less for the next two weeks. In that context, I thought you might like a story about how to make the most of your downtime by talking about time. …
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...