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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...

Human-first, NOT digital-first

In a conversation today, I started discussing digital transformation in depth and found we were talking about digital as though that was the point. It made me wake up, as digital is not the point. Business, connectivity, relationships is the point. When we discuss doing everything online, converting to open …

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Things worth reading: 29th July 2021

Things we’re reading today include … A Central Bank Cryptocurrency to Democratize Money Now is not the time for central bank digital currencies Deutsche Bank optimistic on revenues after profit beat Deutsche Bank Doubles Down on Traders as Cost Goal Scrapped 71% of UK Digital Bank Customers Want Embedded Insurance …

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Are auditors worth it?

Talking about enforcing the system, I’m reading the Financial Reporting Council’s annual report about auditors of banks. Yes, I am that sad. The report notes that, across the UK’s seven biggest auditing firms, almost 30% of all bookkeeping was below par. It makes you wonder how they get away with …

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Things worth reading: 28th July 2021

Things we’re reading today include … ‘The Queen’s bank’ Coutts joins the ranks of ethical brands Australia’s Judo Bank eyes $258 million IPO Estonian central bank talks up digital euro experiment results ‘Wall of silence’: Financial Ombudsman accused of failing victims of bank accounts closures Open Banking Will Be Good …

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The Olympics of Money

I guess, because we are in lockdown, that I find the Olympics quite surreal. Lots of sports and lots of commentary and lots of weird things going on in my head. For example, I started to think about what an Olympics of banking and fintech would look like. Oh, dear. …

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Things worth reading: 27th July 2021

Things we’re reading today include … Tesco Bank to close all of its 213,000 current accounts What to expect in European bank results Starling Bank acquires UK-based Fleet Mortgages in a £50M deal Tether Executives Said to Face Criminal Probe Into Bank Fraud Wise vs Monzo vs Revolut: UK’s digital …

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Things worth reading: 26th July 2021

Things we’re reading today include … UK digital bank Starling on track for annual profit after Covid loan lift App-based Starling and Monzo top MSE’s latest banking service poll – see how your bank fared Digital bank Zopa hires JP Morgan to oversee £100m funding boost NatWest needs a Big …

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Imagine if business was driven by ESG

I’ve written so much that you would think there was nothing more to write. But there always is. One thing about all I’ve written that is consistent is leadership. What seems to be annoying me the most is a lack of leadership or, rather, a lack of the right leadership. …

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Things worth reading: 23rd July 2021

Things we’re reading today include … Bank of England ‘addicted’ to creating money, say peers Why the Bank of England has its head in the cloud over data security Online banking and gaming services hit by internet outage JPMorgan Becomes The First Big Bank To Give Retail Clients Access To …

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Where is the banking revolution?

That old expression that what goes up must come down applies to so many things. An umbrella goes up and down, dependent upon the weather. Company executives who are going up will come down, most times. And businesses that appear to be bullet-proof can stumble and fall. I’m thinking Blockbuster, …

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Things worth reading: 22nd July 2021

Things we’re reading today include … Challenger Bank Five-Year Progress Report Why Jack Dorsey’s Square may become the go-to small business bank Capital One Adding 3,000 Tech Staff To Build On Cloud Banking Leadership Challenger bank Revolut bets on travel rebound Yapily raises $51 million for its open banking API …

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Bezos in Space … at what cost?

Not sure about you, but I would really like to fly to the moon. It seems mad, but flying anywhere seemed mad a century ago. Flying around the world is a reality today, as long as there’s no pandemic, so flying around the solar system will be a reality tomorrow. …

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Things worth reading: 21st July 2021

Things we’re reading today include: Digital-only banks will nab 6.5 out of 10 digital account openings in pandemic rebound Big banks are getting even bigger, raising alarms in Washington UBS Outshines Wall Street Peers. Now Do It Again Central Bank Digital Currencies Will (Not) Make Bitcoin Obsolete Square launches business …

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