Talking of Open Banking, I hosted a dinner focused upon Open Banking and Banking-as-a-Service (BaaS) in London the other night. The conversation was with neobanks and challengers and was an interesting mix of old and young views. For example, someone opened by saying that BaaS and Open Banking has hardly delivered anything. It’s disappointing and clearly…
Making a statement I was intrigued by a news headline that Lloyds Bank is turning bank statements into art. Sounds ridiculous? Who gets a bank statement anymore? We use an app. But then I read the piece and was more intrigued as yes, it’s been created with an artist. The artist is Paula Zuccotti, who…
For years, people have argued that you need branches to serve customers for more complex transactions: to serve people who are uncomfortable with digital access; to serve young people getting their first mortgage; to serve retailers and small businesses with their cash needs; and so on and so forth. Baloney. To be honest, I’ve advocated…
I watch too much online these days. Streaming from Amazon, Netflix, Apple TV and more, means you can spend the whole day just binge-watching rubbish. I’ve found myself reverting to watching some older movies, like those made in the 2000s. Fifteen years. 15 years. 15yrs. It’s a long time passing. I put on something the…
I was talking with a friend in Asia and went back to my traditional discussions of how Asia, Africa and LatAm markets are shaking up finance more than Europe and America. They then asked me the difficult question: But what about President Xi? Urmmm, what about President Xi? Well, it’s the question of China’s recent…
What is time? Do you have any idea? What is the time right now? Does it exist? Einstein says ‘no’. “Time does not exist. We invented it.” Some guy called Albert pic.twitter.com/JS9JMfEyJk — Chris Skinner (@Chris_Skinner) August 28, 2021 Building on Einstein’s quote, I used to regularly present that the world has no borders. We…
I just picked up Deloitte’s report on blockchain where 76% of finance executives have voted that digital currencies may overtake fiat currencies in the next decade*. Most of us would just read that statement and go meh. Not me. That’s a phantasmagorical statement. People in finance think fiat currencies are dead? What? If true, we…
I was intrigued by a new report from the IMF entitled: The Impact of Fintech on Central Bank Governance (you can download it for free). I was particularly intrigued by its opening: Central bank governance is a concept composed of four constitutive and interrelated components: a central bank’s (i) mandate, comprising its objectives (the “why”),…
