Digital Bank

Nov 21, 2014

What is the ‘digital core’ for a bank?

I’ve been talking about banks replacing their legacy mess with a digital core for a while now. Rearchitect your bank by getting rid of spaghetti based systems organised around products and channels to market, and redesign them for digital structures focused upon customers. That is not easy, as it implies replacing systems in real-time. How…

Nov 18, 2014

Wrappers, replacers and reformers are all targeting banks

I’ve been talking about the hot new start-ups targeting the banking markets for a while. There are literally 1000’s of them – the Fintech Awards had over 750 firms to review this year alone – and sifting the wheat from the chaff is hard. There are a few standouts however, and these are the ones…

Nov 13, 2014

Banks told to watch out for small competitors

So I was going to write a long blog about SWIFT today, but it makes more sense to post that one tomorrow after seeing this report by Richard Meadows, a journalist for Fairfax Media who publish New Zealand's popular papers The Dominion Post and The Press, as well as the popular news website Stuff. The write-up covers my keynote at PaymentsNZ,…

Nov 13, 2014

Banks told to watch out for small competitors

Nov 12, 2014

When we have component-based banking, what happens to the regulator?

I often talk about component-based banking, most recently in this four-part series in August: Part One: Banking on Demand – the Bank in the Cloud Part Two: Banking on Demand – the Open Sourced Bank Part Three: Banking on Demand – the Customer Focused Bank Part Four: Banking on Demand – the Component-Based Bank but…

Nov 12, 2014

When we have component-based banking, what happens to the regulator?

Nov 6, 2014

Mobile, tablet, digital, wearable … what’s next?

Everyone’s getting excited about wearable banking. I’m often asked about it, and also see many examples appearing around such themes. The first was Banco Sabadell offering a Google Glass banking app a year ago. In response, one of Sabadell’s Spanish bank competitors, Caixa, has gone a step further and launched both Glass and Watch apps . …

Nov 4, 2014

The friction of the old versus new models of finance

Everything is moving from C2C via B2B to P2P. I hate all those TLAs, but it puts the context of what’s occurring in our world quite nicely. The core of this change is articulated best by the bitcoin community who believe we do not need a trusted third party to exchange value these days. The…

Oct 29, 2014

Banking is going through a sea change … can the tanker turn around?

I noted the disconnect between the bank community and the technology community sometime ago in my Red Pill moment, and as the year passes it becomes more and more obvious to me that we are going through a sea change in finance. Almost every day, I encounter a new start-up who wants to change some…

Oct 22, 2014

The three things you need to be a Digital Bank

As mentioned last week, I delivered a keynote at the DreamForce conference. As it has been shared online, I’ll share it here. The slides … Digital bank latest – october from Chris Skinner The video (my bit starts at 10m33s) … If you can’t see it easily, the summary is this (taken from the review…