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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This week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
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When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea of bitcoin is that money can move from person to person, ownership could be established cryptographically and the…
Read More
Something interesting is happening in fintech, and I think we may need to stop talking about fintech as though it is an industry sitting somewhere alongside banking. For most of the past twenty years, that distinction made sense because there were banks and there were fintech companies trying to disrupt particular parts of what banks…
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For years, banks have worried about technology companies eating their lunch. Fintech would destroy banking. BigTech would become banking. Digital wallets would disintermediate banks. Cryptocurrencies would replace banks. Stablecoins would replace deposits. Decentralised finance would replace everything. None of that quite happened. Now we have artificial intelligence and, this time, there may be a very…
Read More
This week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreSomething interesting is happening in fintech, and I think we may need to stop talking about fintech as though it is an industry sitting somewhere alongside banking. For most of the past twenty years, that distinction made sense because there were banks and there were fintech companies trying to disrupt particular parts of what banks…
Read MoreFor years, banks have worried about technology companies eating their lunch. Fintech would destroy banking. BigTech would become banking. Digital wallets would disintermediate banks. Cryptocurrencies would replace banks. Stablecoins would replace deposits. Decentralised finance would replace everything. None of that quite happened. Now we have artificial intelligence and, this time, there may be a very…
Read MoreFor decades, the architecture of money was reasonably easy to understand. Banks held the money, central banks sat at the heart of national monetary systems, card networks connected merchants and consumers, and SWIFT connected banks across borders. It was complicated behind the scenes, but the basic structure had been remarkably stable for years. Then the…
Read More
Corporate treasuries face a silent crisis that is changing how they hold cash. Holding massive reserves in local fiat bank accounts was once safe. But high inflation and currency fluctuations make idle cash a financial liability. This creates several challenges for mid-tier corporate treasuries, requiring modern solutions. The Modern Corporate Treasury Crisis Historically, only massive…
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Warren Buffett observed years ago that every market eventually sorts itself into three groups: innovators, imitators and idiots. It is deliberately unfair but, like most good aphorisms, it contains more than a grain of truth. The innovators invent something genuinely new. The imitators wait until the innovators have proved there is money to be made and…
Read More
I recently asked a simple question on LinkedIn. Ever since Elon Musk bought Twitter, has X become less useful? The responses were fascinating, not because everyone agreed, but because almost nobody talked about the technology. Instead, they talked about how the platform made them feel. One person wrote that they had built their career on…
Read MoreYou’ve been thinking about cryptocurrencies all wrong. Every few months someone declares that cryptocurrency is dead. In fact, there’s a website dedicated to recording every one of those predictions. The latest panic is bitcoin’s price falling below $65,000 and Coinbase reporting weaker revenues. A few months earlier everyone was predicting Bitcoin would hit $200,000. Before…
Read More
Back in 2021, PayPal was worth around $360 billion. Today it is worth closer to $50 billion. That’s one of the biggest destructions of market value we’ve seen in fintech, and yet it isn’t because the company stopped growing. Quite the opposite. PayPal still moves almost $2 trillion every year, serves around 440 million active…
Read MoreThis week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreSomething interesting is happening in fintech, and I think we may need to stop talking about fintech as though it is an industry sitting somewhere alongside banking. For most of the past twenty years, that distinction made sense because there were banks and there were fintech companies trying to disrupt particular parts of what banks…
Read MoreFor years, banks have worried about technology companies eating their lunch. Fintech would destroy banking. BigTech would become banking. Digital wallets would disintermediate banks. Cryptocurrencies would replace banks. Stablecoins would replace deposits. Decentralised finance would replace everything. None of that quite happened. Now we have artificial intelligence and, this time, there may be a very…
Read MoreFor decades, the architecture of money was reasonably easy to understand. Banks held the money, central banks sat at the heart of national monetary systems, card networks connected merchants and consumers, and SWIFT connected banks across borders. It was complicated behind the scenes, but the basic structure had been remarkably stable for years. Then the…
Read MoreWarren Buffett observed years ago that every market eventually sorts itself into three groups: innovators, imitators and idiots. It is deliberately unfair but, like most good aphorisms, it contains more than a grain of truth. The innovators invent something genuinely new. The imitators wait until the innovators have proved there is money to be made and…
Read MoreYou’ve been thinking about cryptocurrencies all wrong. Every few months someone declares that cryptocurrency is dead. In fact, there’s a website dedicated to recording every one of those predictions. The latest panic is bitcoin’s price falling below $65,000 and Coinbase reporting weaker revenues. A few months earlier everyone was predicting Bitcoin would hit $200,000. Before…
Read More
One person in seven has no access to formal financial services. One person in six lives with a disability. We normally think of these as two separate inclusion challenges. They are not. They are the same problem. Financial systems were designed around a single type of customer, leaving millions of others behind. For decades, financial…
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For centuries, we’ve designed the world for the able-bodied and called everyone else disabled. Today, technology is quietly rewriting those rules. It is making finance, communication, work and everyday life adapt to people, rather than forcing people to adapt to systems. Increasingly, I think disability tells us less about the individual than it does about…
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For decades, we’ve treated poverty as an economic problem. Increasingly, I think it’s a technology problem. That sounds like a strange statement until you realise that the single biggest driver of financial inclusion over the past fifty years has not been governments, charities or banks. It has been technology. Governments, banks and charities have spent…
Read MoreThis week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreWhen Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea of bitcoin is that money can move from person to person, ownership could be established cryptographically and the…
Read MoreFor decades, the architecture of money was reasonably easy to understand. Banks held the money, central banks sat at the heart of national monetary systems, card networks connected merchants and consumers, and SWIFT connected banks across borders. It was complicated behind the scenes, but the basic structure had been remarkably stable for years. Then the…
Read MoreYou’ve been thinking about cryptocurrencies all wrong. Every few months someone declares that cryptocurrency is dead. In fact, there’s a website dedicated to recording every one of those predictions. The latest panic is bitcoin’s price falling below $65,000 and Coinbase reporting weaker revenues. A few months earlier everyone was predicting Bitcoin would hit $200,000. Before…
Read More
Power used to be easy to understand. Kings inherited it; governments exercised it; central banks controlled money; banks allocated capital; corporations built wealth. The lines between politics, finance and business were reasonably clear. Each institution had its own role; each exercised power in different ways. Those lines have blurred almost beyond recognition. Today, political influence…
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For years I thought cryptocurrency was a fascinating financial experiment. It challenged banks, questioned governments and forced regulators to think differently about money. What I hadn’t fully appreciated was that it wasn’t just disrupting finance. It was quietly becoming a force in politics and government, as I blogged the other day, and it’s now gone…
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I find it fascinating that one of the most interesting debates about the future of money in Britain is no longer being driven by the Bank of England, the Treasury or economists. Instead, it has become a political issue, largely thanks to Nigel Farage (the man who received £5 million from a crypto donor). What…
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For years, Decentralised Finance (DeFi) has sold itself as the future of finance: transparent, decentralised, unstoppable. Now one of the most respected security figures in crypto is saying: get out whilst you still can. Manuel Aráoz, co-founder of OpenZeppelin, believes AI has fundamentally changed the security equation in decentralised finance but his latest warning is…
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Barclays Bank wrote an article with the core message that tokenisation is moving finance from a world of messaging and reconciliation to a world of programmable, instantly settled value, which will be the most significant change to money since the arrival of electronic banking. They argue that tokenisation is the next major stage in the…
Read MoreThis week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreWhen Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea of bitcoin is that money can move from person to person, ownership could be established cryptographically and the…
Read MoreFor years, banks have worried about technology companies eating their lunch. Fintech would destroy banking. BigTech would become banking. Digital wallets would disintermediate banks. Cryptocurrencies would replace banks. Stablecoins would replace deposits. Decentralised finance would replace everything. None of that quite happened. Now we have artificial intelligence and, this time, there may be a very…
Read MoreI love this chart. Source: Avinash Kumar on LinkedIn Not because it is perfect. It isn’t. No ecosystem chart ever is, and this one shows the companies as examples rather than an exhaustive list. I love it because it takes something I have been writing about for years and makes it visible. We keep talking…
Read MoreFor decades, the architecture of money was reasonably easy to understand. Banks held the money, central banks sat at the heart of national monetary systems, card networks connected merchants and consumers, and SWIFT connected banks across borders. It was complicated behind the scenes, but the basic structure had been remarkably stable for years. Then the…
Read More
There was a time when the biggest technology companies knew exactly what they were. Twitter was where the world talked. Facebook was where friends connected. YouTube was where anyone could broadcast themselves. Netflix was where you watched great television without adverts, schedules or interruptions. PayPal was the easiest way to pay online. Each company had…
Read MoreI recently asked a simple question on LinkedIn. Ever since Elon Musk bought Twitter, has X become less useful? The responses were fascinating, not because everyone agreed, but because almost nobody talked about the technology. Instead, they talked about how the platform made them feel. One person wrote that they had built their career on…
Read MoreYou’ve been thinking about cryptocurrencies all wrong. Every few months someone declares that cryptocurrency is dead. In fact, there’s a website dedicated to recording every one of those predictions. The latest panic is bitcoin’s price falling below $65,000 and Coinbase reporting weaker revenues. A few months earlier everyone was predicting Bitcoin would hit $200,000. Before…
Read MoreBack in 2021, PayPal was worth around $360 billion. Today it is worth closer to $50 billion. That’s one of the biggest destructions of market value we’ve seen in fintech, and yet it isn’t because the company stopped growing. Quite the opposite. PayPal still moves almost $2 trillion every year, serves around 440 million active…
Read MoreThis week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreThings we’re reading today include … From MiCA to GENIUS: Why Crypto’s Next Regulatory Test Is Cross-Border Coordination Thousands of crypto firms miss EU license deadline Bitcoin and Ethereum Nosedive as Market Panic Spreads: Have Bear Sentiments Finally Prevailed? AI-Stablecoin Convergence Set to Transform Payments and Banking Fintech Chime Explores Stablecoins as New Feature on…
Read MoreThings we’re reading today include … Regulation Proposals Fail To Calm Swiss Banks’ Worries Sentiment turns hawkish at 12 of 14 major central banks EU banking systems must be integrated Bank of England tests whether CBDCs and stablecoins can work together in a single payment, targeting the SME liquidity gap The 15 fintech startups that…
Read MoreThings we’re reading today include … The European fintech American dream is being called into question CFIT’s Anna Wallace on Fintech, SMEs and Digital IDs What Bunq’s OCC Rejection Teaches Foreign Fintechs Robinhood UK Users Can Now Trade More Than 50 Cryptos UK parliamentarians question banks over refusal to provide services to crypto firms The…
Read MoreThings we’re reading today include … European Fintechs Enter US Banking Market Revolut secures French bank licence in Europe expansion OCC rejects Bunq’s bank charter application Robinhood brings zero-fee digital asset trading to UK FCA Scale-up Unit Welcomes ClearScore, Modulr, and Zilch to Boost UK Fintech Growth Banks’ refusal to take on crypto firms risks…
Read MoreThis week’s main blog discussions include … Innovators, Imitators and Idiots Warren Buffett observed years ago that every market eventually sorts itself into three groups: innovators, imitators and idiots. It is deliberately unfair but, like most good aphorisms, it contains more than a grain of truth. The innovators invent something genuinely new. The imitators wait until…
Read MoreThings we’re reading today include … New ‘digital money’ may not be the banking revolution many expect, says expert How De Novo Branch Expansion Is Reshaping Retail Banking Monzo Business Hits 1m Customers as One in Six UK Firms Bank With it Who stands behind tokenised money? Pleo in crisis: Exec exodus, unhappy staff and…
Read MoreThings we’re reading today include … FDIC Floats Standard-Setting Body for Banks’ Fintech Partners FBI Agent Charged Over Alleged $1 Million Cryptocurrency Theft Robinhood Secures FCA Registration to Offer Crypto Services in the UK Dubai Duty Free allows cryptocurrency payments for purchases Citi boss Fraser says a UK bank tax would damage London Major banks’ providing…
Read MoreThis week’s main blog discussions include … Crypto wanted to get rid of banks. Now they are banks. When Bitcoin launched in 2008, the whole idea was to get rid of banks and intermediaries. In 2026, they’ve learned the lesson I learnt years ago. That’s how the world works. You need intermediaries. The whole idea…
Read MoreThis week’s main blog discussions include … Innovators, Imitators and Idiots Warren Buffett observed years ago that every market eventually sorts itself into three groups: innovators, imitators and idiots. It is deliberately unfair but, like most good aphorisms, it contains more than a grain of truth. The innovators invent something genuinely new. The imitators wait until…
Read MoreThis week’s main blog discussions include … PayPal, Stripe and Adyen: three companies, three futures Back in 2021, PayPal was worth around $360 billion. Today it is worth closer to $50 billion. That’s one of the biggest destructions of market value we’ve seen in fintech, and yet it isn’t because the company stopped growing. Quite…
Read More
This week’s main blog discussions include … Banks exist because trust doesn’t scale Some days, the financial news seems to have nothing whatsoever in common but yesterday there were four stories where I saw a link. The first is a US senator demanding answers from Barclays over Jes Staley’s relationship with Jeffrey Epstein. Then there…
Read MoreThis week’s main blog discussions include … Pulp Finction arrives … and the reviews are in One of the things I have always struggled with is that most books about finance are either informative or entertaining. Very few manage to be both. That was the motivation behind writing Diary of a Ponzi Scheme. Rather than…
Read MoreThis week’s main blog discussions include … Crypto and Politico: One Step Beyond For years I thought cryptocurrency was a fascinating financial experiment. It challenged banks, questioned governments and forced regulators to think differently about money. What I hadn’t fully appreciated was that it wasn’t just disrupting finance. It was quietly becoming a force in…
Read MoreThis week’s main blog discussions include … Who are the top fintech firms of 2026? I was thinking about the companies I reference often as hot fintech start-ups and then realised that they are no longer start-ups. They are companies building the infrastructure, intelligence and operating systems that banks, businesses and consumers increasingly depend upon….
Read MoreThis week’s main blog discussions include … How technology has integrated politics and power There are moments when an unexpected event reveals more about the world than years of official speeches and carefully crafted reports. The recent leak of Peter Thiel’s invitation-only network, Dialog, feels like one of those moments. This is not because it…
Read MoreThis week’s main blog discussions include … Why are people scared of AI? Almost every innovation is met by people who believe it will destroy our ability to earn a living. The Luddites feared mechanisation. Clerks feared computers. Bank managers feared the internet. Taxi drivers feared ride-sharing apps. Retailers feared ecommerce. And now everyone fears…
Read MoreThis week’s main blog discussions include … Diary of a Ponzi Scheme and it’s all about tokenisation I’ve just launched another new book! After the successful launch of Intelligent Bank with Huawei a few weeks ago I had, in the meantime, developed another book: Diary of a Ponzi Scheme. The scheme is all about Clint who creates a “Token…
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