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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...

Have big banks lost the plot?

I’ve said for some years that digital challenger banks will not break the stranglehold of the big banks on the retail banking space. Am I wrong? According to a new report by the UK regulator the Financial Conduct Authority (FSA), things are changing fast. Around one in 12 (8%) personal …

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Things worth reading: 24th January 2022

Things we’re reading today include … Bank Pulse: Banks are reducing their exposure to more polluting activities American banks boost EU workforces as post-Brexit scrutiny escalates Bank investors face a new ‘black box’ quandary The unstoppable rise of the challenger bank: Canary Wharf’s retail giants have reasons to be worried …

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To vax or not to vax: that is the question

We are all probably aware of the furore over Novax Djocavic and the Australian Open tennis championship. The issue is to vax or not to vax. Now, some people can’t get a vaccination due to their health conditions but, other than this, governments are telling us you must get vaccinated. …

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Things worth reading: 21st January 2022

Things we’re reading today include: High street banks ‘losing vice-like grip on UK’s current accounts’ Zopa Bank hits £1bn deposits in just 18 months Big U.S. banks say spending patterns show consumers are in good shape Central Banks Face a Moment of Truth on Crypto ECB Climate Test Goes Easier …

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What would you spend $12 billion on?

I was intrigued by the announcement by JPMorgan Chase that they’re spending $12 billion on technology this year. Admittedly, I’ve been tracking this and it seems to go up by around a billion year-on-year. Although this is up 25% on 2020, the bank had said they were investing $11 billion …

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Things worth reading: 20th January 2022

Things we’re reading today include … Bank-Fintech Partnerships Are Under-Performing: What’s Going Wrong? Lords warn on Bank of England digital currency Price rises may last until 2023, warns Bank of England governor Top Wall Street banks paid out $142bn in pay and benefits last year Wall Street banks eye ‘new …

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What is this Web3?

Lots of folks are talking Web3, but what is Web3 and why isn’t it Web 3.0? I guess, like with all things, we abbreviate and so Web3 is the next wave network that will revolutionize everything. So what is it? Web3, as envisioned by the Web3 Foundation, will be a public …

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Things worth reading: 19th January 2022

Things we’re reading today include … Brexit Gives €200 Billion Boost to Balance Sheets of Irish Banks Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash SoFi Can Launch Bank Provided It Doesn’t Touch Crypto SoFi stock soars after clearing final regulatory hurdle to …

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Things worth reading: 18th January 2022

Things we’re reading today include … £4 million-a-year bank chief quits after breaking Covid rules with trips to Wimbledon Santander, Lloyds and TSB ‘have the most unreliable online banking’ Bank of England questioned on the nation’s financial stability Bank of England set for more powers over clearing and settlement House …

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The End Of Digital Transformation In Banking

Ron Shevlin, now Chief Research Officer at Cornerstone Advisors, a US research and consulting firm, posted a fascinating article based on his research the other day. Supposedly, banks and credit unions in America think they’re are doing digital transformation. Interestingly, less think they’re doing it today than a few years …

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Things worth reading: 17th January 2022

Things we’re reading today include: CBDCs: Here’s what every central bank in the world is working on Dorsey fintech firm Block wants bitcoin mining for all Wise stock makes comeback after Citi urged clients to dump fintech Dow closes lower after disappointing bank results Credit Suisse Chairman to Leave After …

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Can Elon Musk solve world hunger?

The worlds’ rich get richer, and the poor get poorer. Does it always have to be that way? In 2020, the world's super-rich enjoyed a record rise in their wealth. Here's how the world's wealthiest can put their money to use: https://t.co/3sVoeYqqDF pic.twitter.com/JYvppQCsUI — World Economic Forum (@wef) January 13, …

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