Welcome to The Finanser by Chris Skinner. The Finanser discusses all things fintech, finance, banking, technology and, most importantly, the future. Chris Skinner has been voted the most influential technologist in Britain and received a lifetime achievement award for his visionary approach to the future of money from the Payments Association. He has advised the…
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I cannot believe I haven’t blogged about Project Nemo before, but here we go. My good friend Joanne Dewar, former CEO of GPS – the payments powerhouse behind most fintechs – created the Project two years ago when she found many people with challenges being excluded from financial services. Now, two years later, it’s just…
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My friend Rik Coeckelbergs wrote an interesting update about a speech by Paul Maskall, Strategic Fraud Prevention and Behavioural Lead, UK Finance, at the Open Banking Expo. He specifically noted a question Paul asked the audience: “What’s the difference between fraud and marketing?” and thought that the only difference “lies in the endgame: whether the purpose…
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Things we’re reading today include: Bank of England backs down on crypto after Trump lobbying Proposed regulatory regime for sterling-denominated systemic stablecoins | Bank of England UBS delays migration of some super-rich Credit Suisse clients, sources say China’s Ant International Eyes Fintech In Saudi Arabia Cryptoqueen who fled China for London mansion to be sentenced…
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I just picked up this report by Finextra and ACI Worldwide on Payments in the year 2030. The research surveyed over 160 people in C-level financial roles around the world and found that most of them are still thinking about how to move to cloud-based solutions; still grappling with how to do real-time payments; still…
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My friend Rik Coeckelbergs wrote an interesting update about a speech by Paul Maskall, Strategic Fraud Prevention and Behavioural Lead, UK Finance, at the Open Banking Expo. He specifically noted a question Paul asked the audience: “What’s the difference between fraud and marketing?” and thought that the only difference “lies in the endgame: whether the purpose…
Read MoreI just picked up this report by Finextra and ACI Worldwide on Payments in the year 2030. The research surveyed over 160 people in C-level financial roles around the world and found that most of them are still thinking about how to move to cloud-based solutions; still grappling with how to do real-time payments; still…
Read MoreWe all revel in the buoyance of fintechs succeeding. What about those who fail? Notable fintech failures include BlockFi: A crypto lending and exchange company that collapsed during the 2022 crypto crisis, partly due to its relationship with FTX (FTX was a fintech failure as was MtGox). Then there are companies like Fast, a one-click checkout company…
Read MoreI asked AI to tell me about the future of banking the other day. It responded with a great set of answers: The future of banking is being reshaped by technology, shifting customer expectations, and new regulatory and economic realities. Here are the key trends that will define the next 5–10 years: 💡 1. Banking…
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My friend Ron Shevlin was putting some shade on Starbucks app this week. The reason is that some claim Starbucks is a bank because their prepaid app is so popular. Ron claims it is just PNBL – Pay Now, Buy Later – and is nothing to do with being a bank. The thing about his view…
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I just got a whole new set of tech phrases from a Gartner report. Giving my interpretation, here we go: Supplemental Coverage from Space (SCS) is a proposed framework for Device Direct connectivity using satellite and cellular communication combination. The framework enables partnership between satellite (specifically low Earth orbit [LEO]) providers and terrestrial mobile operators…
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Giving away one of my trade secrets, I asked ChatGPT to give me suggestions about what to blog about and it came up with seven things: 🚀 1. The Rise of Embedded Finance 2.0 How non-financial platforms are evolving from offering simple payments to full financial ecosystems (e.g., credit, insurance, and investments built into SaaS,…
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After my blog yesterday about mortgage by machines, I left out one key component: humans. You have to remember that machines don’t think, they only appear to think because we develop them that way. Sure, there may be sentient machines at some point in the future when we get to the great Singularity but, until…
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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…
Read MoreMy friend Rik Coeckelbergs wrote an interesting update about a speech by Paul Maskall, Strategic Fraud Prevention and Behavioural Lead, UK Finance, at the Open Banking Expo. He specifically noted a question Paul asked the audience: “What’s the difference between fraud and marketing?” and thought that the only difference “lies in the endgame: whether the purpose…
Read MoreI just picked up this report by Finextra and ACI Worldwide on Payments in the year 2030. The research surveyed over 160 people in C-level financial roles around the world and found that most of them are still thinking about how to move to cloud-based solutions; still grappling with how to do real-time payments; still…
Read MoreWe talk a lot about how digitalisation is simplifying everything, yet it feels like the opposite is happening. Yes, I no longer need to go to a bank branch to deposit a cheque – does anyone remember those days? – but I do have to go through an awful lot of clicks and checks before…
Read MoreWe all revel in the buoyance of fintechs succeeding. What about those who fail? Notable fintech failures include BlockFi: A crypto lending and exchange company that collapsed during the 2022 crypto crisis, partly due to its relationship with FTX (FTX was a fintech failure as was MtGox). Then there are companies like Fast, a one-click checkout company…
Read MoreI asked AI to tell me about the future of banking the other day. It responded with a great set of answers: The future of banking is being reshaped by technology, shifting customer expectations, and new regulatory and economic realities. Here are the key trends that will define the next 5–10 years: 💡 1. Banking…
Read More
I find it so interesting the debate about CBDCs (Central Bank Digital Currencies), stablecoins (a digital currency backed by real world assets) and cryptocurrencies (a digital currency backed by the decentralised network of everyone). This is the biggest battleground for the future of how we trade and are paid, and the losers appear to be…
Read MoreMy friend Ron Shevlin was putting some shade on Starbucks app this week. The reason is that some claim Starbucks is a bank because their prepaid app is so popular. Ron claims it is just PNBL – Pay Now, Buy Later – and is nothing to do with being a bank. The thing about his view…
Read MoreI just got a whole new set of tech phrases from a Gartner report. Giving my interpretation, here we go: Supplemental Coverage from Space (SCS) is a proposed framework for Device Direct connectivity using satellite and cellular communication combination. The framework enables partnership between satellite (specifically low Earth orbit [LEO]) providers and terrestrial mobile operators…
Read MoreAfter my blog yesterday about mortgage by machines, I left out one key component: humans. You have to remember that machines don’t think, they only appear to think because we develop them that way. Sure, there may be sentient machines at some point in the future when we get to the great Singularity but, until…
Read MoreI asked AI to tell me about the future of banking the other day. It responded with a great set of answers: The future of banking is being reshaped by technology, shifting customer expectations, and new regulatory and economic realities. Here are the key trends that will define the next 5–10 years: 💡 1. Banking…
Read MoreI find it so interesting the debate about CBDCs (Central Bank Digital Currencies), stablecoins (a digital currency backed by real world assets) and cryptocurrencies (a digital currency backed by the decentralised network of everyone). This is the biggest battleground for the future of how we trade and are paid, and the losers appear to be…
Read More
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…
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Watching Sibos from afar – I haven’t been invited for a while due to being too provocative – I was not surprised to see that Quantum computing, AI, CBDCs, stablecoins, tokenization and blockchain are all making the headlines, as these are all the themes I spend my time presenting about around the world. Cybersecurity, AI…
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I’ve just created a platform to tokenize idols. Any idol and even bits and pieces related to them. You can tokenize Taylor Swift’s underwear; tokenize Rory McIlroy’s golfing glove; tokenize Ryan Reynolds Wrexham shirt; or even tokenize Harry Kane’s big toe. After all, any part of an idol is worth something to a fan, so…
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It’s been really interesting watching the moves of Donald Trump to Make America Great Again by doubling down on the dollar being the reserve currency of the world forever more through the GENIUS Act. Well, that’s my take anyway. Add on to this that the Trump family made billions by launching World Liberty Financial, their very…
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As blogged yesterday, the GENIUS Act can open the doors for closed-loop networks using stablecoins that circumvent the traditional four-pillar model of issuer, acquirer, merchant and processor. Yes, it could save billions in interchange fees, but there’s another movement in stablecoins trying to change the world. This one is trying to get rid of SWIFT,…
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Short answer: possibly. Long answer: the GENIUS Act (the Guiding and Establishing National Innovation for U.S. Stablecoins Act) gives a massive stamp on cryptocurrency tokens, stablecoins and protecting the US dollar as the reserve currency of the world. Oh, and it also creates a major opportunity for non-banks to become players in payment processing. For…
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In recent days, I’ve discovered a lot of theorems and ideas in digital areas where, when you integrate finance and technology, you realise that you are living in a world of rocket science thinking. For example, I am spending a lot of time talking with experts about digital identity and trust, as that’s the theme…
Read MoreI asked AI to tell me about the future of banking the other day. It responded with a great set of answers: The future of banking is being reshaped by technology, shifting customer expectations, and new regulatory and economic realities. Here are the key trends that will define the next 5–10 years: 💡 1. Banking…
Read More
I was reading McKinsey’s annual summary of what’s hot and what’s not in banking the other day. They pick on four areas: Technology The new consumer Capital efficiency Targeted M&A What got me is that this is just PEST in other words. What’s PEST? It’s the way we predict the future based upon Political, Economic, Social…
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Interestingly, as AI kills search engines and browsers, it also appears to be destroying the market for consultants and research firms. That’s not just a proposition but a reality, if you look at the share price performance of consulting and research firms this year. Whilst the likes of Accenture and Cap Gemini have dropped by…
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I’ve written for years about “the end of …” somethings a lot. The death of cards; the end of cash; the branchless future; the murder of the keyboard; and more … and they’ve all come true. We are cashless, cardless and branchless today, although I still love my keyboard. Sure, I can record voice memos…
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Warning: if you work for a bank, this is a rant and you probably won’t like it Over the last decade or so, there’s been a big rise of Greentech and Green Fintech. Unfortunately, the banking industry isn’t listening. I wrote a book about it, along with over twenty other contributors, and the gist is…
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I was going to write up my panel discussion during the GIFF (Global Islamic Finance Forum) but Zawya did the job for me. Having said that, their website is quite difficult to access due to location restrictions and so I’m just going to cut and paste their summary here. Hope you like it! Revolutionising Islamic…
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I was honoured to be invited to Kuala Lumpur to join the Global Islamic Finance Forum last week. Why? Because they had the Royal Sultan speak over dinner and the Prime Minister of Malaysia give a keynote speech? Yes but, more than this, I learned a lot. In particular, during my panel session, someone asked…
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I was really interested that Barclays Private Bank published an interview about AI the other day. Why? Because it’s the private bank and it’s from a bank. The interview is with Professor Michael Wooldridge, one of Oxford University’s leading AI academics with more than 450 research papers to his name. He knows his stuff. What…
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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…
Read MoreThings we’re reading today include … ‘Big Brother’ Lloyds used staff bank data during pay talks Bricks vs clicks: Wall Street revives its bets on bank branches Nationwide extends Branch Promise to 2030 while other banks shut doors ECB issues first ever climate risk fine to Spanish bank Londoners could benefit from seized £5.5bn crypto…
Read MoreThings we’re reading today include: Bank of England backs down on crypto after Trump lobbying Proposed regulatory regime for sterling-denominated systemic stablecoins | Bank of England UBS delays migration of some super-rich Credit Suisse clients, sources say China’s Ant International Eyes Fintech In Saudi Arabia Cryptoqueen who fled China for London mansion to be sentenced…
Read MoreThings we’re reading today include … AI, Tokenisation and Quantum Tech to Define Future of Finance at SFF 2025 The Next Fintech Wave – Three Trends From Money 2020 HSBC climate plan draws criticism over scaled-back targets Greener banking in Australia: how to put your money where your values are Stablecoins Surpass Bitcoin as Go‑To…
Read MoreThis week’s main discussions include … Do you need AI or a consultant? I was reading McKinsey’s annual summary of what’s hot and what’s not in banking the other day. They pick on four areas: Technology The new consumer Capital efficiency Targeted M&A What got me is that this is just PEST in other words. What’s…
Read MoreThings we’re reading today include … Crypto exchange Coinbase fined €21.5mn by Ireland’s central bank Bank of England defends ‘multi-moneyverse’ plan after Farage’s ‘dinosaur bureaucrats’ jab World’s Safest Banks 2025 Innovate Finance Launches Third Annual Pride in FinTech Powerlist 2025 UK fintech Wise profit falls amid shifting primary listing to US GENIUS Act: What it…
Read MoreThings we’re reading today include … Germany Uncovers $350 Million Fraud Tied to Payment Firms World’s Safest Bank 2025 Antonio Bravo: “AI is driving a structural transformation within the banking business” António Horta-Osório returns to banking at France’s CCF Ripple’s $40 billion valuation bodes well for fintech stocks: here are two worth buying Top 10:…
Read MoreThings we’re reading today include: Was Pablo Escobar involved in the Bank of England robbery? Bitcoin plunges nearly 6% amid rising US dollar, large liquidations ECB’s digital euro plan hits resistance from banks and EU lawmakers HKMA Focuses on Tokenisation and AI in “Fintech 2030” Strategy TSB Warns of Spike in Purchase Fraud Ahead of…
Read MoreThings we’re reading today include … The two tiny banks fuelling the Trumps’ crypto empire ‘I don’t know who he is,’ says Trump after pardoning crypto tycoon Hong Kong Monetary Authority presents ‘Fintech 2030’ strategy Russian clients living in the E.U. struggle to regain banking access after fintech company Revolut freezes accounts The UK bank…
Read MoreThis week’s main discussions include … Do you need AI or a consultant? I was reading McKinsey’s annual summary of what’s hot and what’s not in banking the other day. They pick on four areas: Technology The new consumer Capital efficiency Targeted M&A What got me is that this is just PEST in other words. What’s…
Read More
This week’s main discussions include … CBDC? Computer says no … I find it so interesting the debate about CBDCs (Central Bank Digital Currencies), stablecoins (a digital currency backed by real world assets) and cryptocurrencies (a digital currency backed by the decentralised network of everyone). This is the biggest battleground for the future of how…
Read MoreThis week’s main discussions include … UK Gov needs to bring back the Fintech mojo Giving away one of my trade secrets, I asked ChatGPT to give me suggestions about what to blog about and it came up with seven things: 🚀 1. The Rise of Embedded Finance 2.0 How non-financial platforms are evolving from…
Read MoreThis week’s main blog discussions include … OK boomer! Mortgage by machines When I was a lad, to get a mortgage was a complex process. You would go to the bank for a meeting with the branch manager. The branch manager would assess you, your job security, work status and salary and, if all boxes…
Read MoreThis 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…
Read MoreThis week’s main discussions include … Key take-away from #SIBOS 2025: it’s no longer banking and payments Watching Sibos from afar – I haven’t been invited for a while due to being too provocative – I was not surprised to see that Quantum computing, AI, CBDCs, stablecoins, tokenization and blockchain are all making the headlines,…
Read MoreThis week’s main blog discussions include … Revolut opens its new HQ and takes over the world? I asked my friend Max, an early investor in Revolut, to provide an insight into the new headquarters the company opened this week in Canary Wharf, London. Revolut bought the building that was previosly the HQ of Thomson…
Read MoreThis week’s main discussions include … It is time to level up We are in a third generation of change in finance. When I wrote Digital Bank over a decade ago, the focus was all about reinventing banking from being physical at the core to being digital at the core. Now we have to do it…
Read MoreThis week’s main discussions include … Everything is a scam and why principles matter I clicked the other morning on Nicoo, the robot puppy, after seeing an ad on YouTube. I was going to order it for my wife’s birthday but thought, just before clicking, is this real? So, I go and Google Is Nicoo…
Read MoreThis week’s main discussions include … Will the upstarts replace the incumbents? Is it just me or has the whole digital currency space become hot, hot, hot? Every five minutes, I see stuff about CBDCs – who needs them?; cryptocurrencies – who’s using them?; and stablecoins – what’s that all about? The last one is…
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