The main blog discussions this week include …. Does management theory work anymore? After blogging the other day that big banks will never be replaced and they’re just playing a game of Pac-Man, I was watching this two-minute explainer of Michael Porter’s five forces from Harvard Business Review (a two-minute video): The five forces are buyers…
After blogging the other day that big banks will never be replaced and they’re just playing a game of Pac-Man, I was watching this two-minute explainer of Michael Porter’s five forces from Harvard Business Review (a two-minute video): The five forces are buyers (customers), suppliers, substitutes, new entrants and existing rivals. It’s an old concept…
I was recently asked to interview Likhit Wagle, General Manager, Global Banking Industry, IBM, regarding their new IBM Cloud for Financial Services™ offering. The discussion was interesting so sharing it here for posterity. Chris Skinner: Cloud is something we’ve been discussing for over a decade. Why has it taken so long for banks to…
I just presented to the Merchant Payments Ecosystem conference. I’ve presented there before, and this year was virtual … as are all 2020 conferences. 2020 is the virtual year. I sat and thought about what to present. I have 1,000 slides or more, but I don’t do slides on lockdown. Too boring. I talk. So,…
Everyone keeps talking about Big Tech opening banks. Rather than opening or buying banks, most of the Big Tech firms are partnering with them. Apple and Goldman Sachs make a nice pair as does Google, who partner with a variety of banks to offer financial capabilities. Several of the Big Tech firms have danced around…
The main blog discussions this week include …. Why big banks get bigger (it’s all about Pac-Man) I’ve spent a long time writing about how bad banks are with technology and digital transformation … but I’ve never said banks will be eaten by technology. So many other companies and industries are destroyed by technology, but…
I’ve spent a long time writing about how bad banks are with technology and digital transformation … but I’ve never said banks will be eaten by technology. So many other companies and industries are destroyed by technology, but banking is not one of them. I laugh when I read about The End of Banking, Banking…
During the summer I teamed up with a colleague, George Ravich, to research views on the crisis amongst the financial community. We published the results in August, and here’s an update guest blog from George on the process. New Research Finds Banking Industry Positive on Effects of Covid-Crisis Chris Skinner and I set out…
When I was growing up with learning management skills, one of those I focused upon was marketing and Kotler’s 4 P’s. If you’re not familiar it’s all about product, price, promotion and place. It’s something easy to remember, but then most folks are hard pushed to remember more than three things. That’s a shame as…
