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Digital Bank

Some day my DLT will come

So, I’m presenting at a Corporate Treasury event, and we get into talking about distributed ledger technology (DLT) and blockchain. Comments are made around so many tests and proofs of work and concept, but so little production. At this point, someone made the comment that it will happen from the ground up, as corporates start…

What is the preference: human or digital relationships?

I’ve often been hired to run a workshop or presentation at a bank’s boardroom meeting. Usually, I’m hired by the frustrated digital guy who wants to convince the rest of the leadership team that it’s important. They don’t get digital, he or she will tell me, so you must make them understand, they plead. Wow….

Why investment banks have the digital edge

For some years, I’ve been heavily involved in high frequency trading and quantitative trading, areas that are highly automated and pretty complex. I don’t blog about it much here, as it’s not appealing to the everyday person. It involves too much dialogue explaining acronyms used in investment markets and acronyms used in technology. In other…

Small bank thinking

I just presented at a conference focused upon smaller banks. How can they respond to the digital change? Many of them came up with a whole load of barriers to change. Here are the things that cropped up: We have too much to do Yep, small financial firms are busy bees, with lots on their…

Tech firms will be regulated like banks in future

I just listened to a presentation by Nick Thompson, editor-in-chief at Wired, about all things in the future of tech. A lot of it was focused upon Artificial Intelligence and Machine Learning towards the end, but the first half was interesting as it focused upon why there is a backlash against Silicon Valley right now. He put…

Two minutes on the future life of digital humans

Today marks the day, finally, when Digital Human is available globally through Amazon, Google and all other online outlets. It was slightly delayed for release in Europe and America whilst the publishers were switched, but today it is finally online for all to order and receive within a day or two. I’ve been surprised that, even…

Challenging DBS: how do you measure digital innovation?

My friend Emmanuel Daniel, founder and Chairman of The Asian Banker, ran an interesting video dialogue recently, in a near hour long interview with Chng Sok Hui, chief financial officer of DBS. The whole video, audio and transcript of the interview can be found over here, but I liked this edited abstract of the core…

Cash is not a good payment system … which is why we will get rid of it

I was recently interviewed by the highly innovative German bank Wirecard the other day, for their blog. They kindly said I replicate it on the Finanser, so here you go … https://blog.wirecard.com/chris-skinner-exclusive-interview-we-have-to-get-rid-of-cash/ by Leo Molatore April 19, 2018 In digital times, how can you make your business future-proof? Why are mobile payment adoption rates of…

The future of money (research report)

I just got a report from J Walter Thompson on the future of money and there’s some interesting facts and stats. Here are my headlines: 76% of millennials are looking for new forms of banking 40% of people in their twenties have downloaded a money management app 80% of millennials don’t invest in the stock…

How do you manage your digital death?

I just completed one of those things that none of us like doing, making a will. I recently had a major change of circumstances in my life, and decided that I should make appropriate updates and provisions. After all, who gets my Batman and Spiderman comics? Anyways, it’s been bugging me for a while that…

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