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Chris M Skinner

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...

Oh no! It’s Bankenstein …

For years, we’ve talked about banks having a spaghetti systems structure aligned to a line of business product-centric organisation, that focuses upon the internal sales process rather than the customer. It’s true, but it’s due to the longevity of many banks. Some banks are over 500 years old and most …

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Things worth reading: 21st April 2021

Things we’re reading today include … Britcoin’ not bitcoin? UK considers new digital currency The Bank of 2030: a revolution for customers Starling Bank Valued at £1.4billion Following Goldman Sachs Investment This Under The Radar California Crypto Bank Just Reported Record Earnings China to require financial institutions to move towards …

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Data is the key

I’ve recently contributed to an Oracle report, providing the foreword – the report can be downloaded here – and highlights how data is changing the financial services landscape, and how banks can: thrive in the face of ravenous competition from digital banks, fintechs and tech players build an open banking …

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Things worth reading: 20th April 2021

Things we’re reading today include … The Coming Bank-Bitcoin Boom: Americans Want Cryptocurrency From Their Banks Wall Street banks brace for digital dollars as the next big disruptive force Bank of England to consider digital money plan If the Bank of England launched its own cryptocurrency, what would it mean …

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Who let the coins out?

I got a bit itchy during the weekend and ended up sitting and writing about bitcoin, dogecoin, crypto and more. It all started when I caused a twitter debate by posting this tweet: Highly recommended for central banks and governments pic.twitter.com/K880JWavCD — Chris Skinner (@Chris_Skinner) April 17, 2021 It caused …

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Things worth reading: 19th April 2021

Things we’re reading today include … How a typo wiped £3billion from banking giant Barclays Idea of central bank digital currency gains traction among more countries China to expand digital yuan experiments HSBC Top Staff to Hot Desk at HQ as Bank Scraps Executive Floor Major Asian bank says it’s …

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Things worth reading: 16th April 2021

Things we’re reading today include … Profits at America’s banks are sky-high Challenger bank N26 to offer insurance products Fintech Wise in talks with regulators over direct UK listing From PensionBee to Darktrace, women are making a fortune in a male-dominated world – the Queens of Tech Banking regulators start …

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Why I hate the term ’embedded’

OK, I’m a Victor Meldrew and have several pet hates. In particular, people who use corporate-speak … Source: Forbes In banking, there are two terms I hate: channel (and all of its derivatives like omnichannel and mulitchannel) and, more recently, embedded. Folks who regularly read the blog know that I hate …

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Things worth reading: 15th April 2021

Things we’re reading today include … Good and Exciting Times for Banks … also Coinbase, Archegos and Citi’s $900 million JPMorgan Profit Soars to Record After Bank Releases Reserves for Bad Loans Trading and investment banking drive jump in Goldman revenues Coinbase Floats All Crypto Boats With Wall Street on …

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Things worth reading: 14th April 2021

Things we’re reading today include … Bank of America plans to raise $1 trillion for climate action by 2030 Credit and Climate Top Mike Mayo’s Bank Earnings Watchlist The World’s Best Banks 2021: Financiers To The Looming Economic Recovery Bigger Not Always Better for Bank Cyber Risk Scores Five things …

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Smaller banks have the happiest customers

Following on from why startups will fail if they compete head-to-head with a bank, I got this headline the other day saying that smaller banks have the happiest customers. The latest analysis of feedback and complaints data conducted by consumer website Fairer Finance shows that big brands such as Halifax, Nationwide, …

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Things worth reading: 13th April 2021

Things we’re reading today include … The war against money-laundering is being lost Why banks are closing their high street branches Deutsche Bank dodges bullets and goes mainstream Security vulnerabilities are common in bank mobile apps Bank of England tops private investors as biggest holder of gilts Change bank capital …

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