This week’s main discussions include …
Is crypto the solution or the problem?
Paying with crypto is traceable but favoured by fraudsters. Is it the solution or the problem? Fraudsters never know how their action impacts their victim, until confronted by the person they’ve defrauded. Is crypto the solution? After all, unlike fiat currencies, all blockchain-based transactions can be traced for history. So, is crypto the solution to…
Is an Islamic loan a loan or a borrowing?
I’m about to have a week in Kuala Lumpur, if anyone wants to meet-up, with a focus on Islamic Finance. I remember twenty years ago talking with Mike Hanlon who was founding the Islamic Bank of Britain (IBB), and he was telling me how UK Gov really did not understand the concept. What is the…
The digital transformation disillusionment
My friend Paolo Sironi of the IBM Institute of Business Value has been touting his latest research: the 94% core banking problem. What’s it all that about? Well, it’s about how digital transformation or, as IBM calls it modernization, hasn’t delivered. In research conducted with a global survey of over 500 CIO’s and almost 200…
Financial bubbles destroy everything. Industrial bubbles create the future. [Jeff Bezos]
There are people who run the world and those who watch it. I’m in the latter group, but constantly watch Elon Musk, Peter Thiel, Reid Hoffman (the PayPal Mafia), Mark Zuckerberg, Larry Ellison, Larry Page, Sergey Brin, Bill Gates and more for their thoughts and actions. Also Warren Buffet, Charlie Munger and others. But one…
The UK government’s digital identity scheme arrives, dead on arrival
It was interesting that the Labour Party Annual Conference in Liverpool last week did not talk about digital identity schemes. This is the party in government who, days before the conference started, announced that all people who wanted to work in Britain would need a digital ID in their government app.
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...