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Open sourced banking – give it to me now

I was reflecting on the demonstrations of Deep Mind against Go Champion Lee Se-Dol along with Watson at CeBIT and other artificial intelligence (AI) developments. It soon becomes apparent that we are evolving rapidly to a state where data learning through data analytics will be the battleground.  In fact, it …

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Banks are not technology companies (yet)

I’ve been illustrating my frustration with incumbent banks for some time, saying that they lack technology leadership.  Almost a third of my new book talks about the biggest challenge for banks to respond to Fintech, Big Data, Cloud, Blockchain and all those other issues is to have leadership.  Digital transformation …

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The Next Age of Moneykind: The Future

Having covered four ages of moneykind: Barter Coins Paper Chips What could possibly be the fifth? When we are just at the start of the Internet of Things (IoT), and are building an Internet of Value (ValueWeb), how can we imagine something beyond this next ten year cycle? Well we …

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The Origins of Moneykind, Part Three: Banking

The Third Age: The Industrial Revolution The use of money as a means of value exchange, alongside barter, lasted for hundreds of years or, to be more exact, about 4,700 years.  During this time, beads, tokens, silver, gold and other commodities were used as money, as well as melted iron …

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ValueWeb: Fintech is building the Internet of Value

ValueWeb: How FinTech firms are using bitcoin blockchain and mobile technologies to create the Internet of Value After months of writing and editing, I’m delighted to say that my new book ValueWeb is now available. “Chris Skinner – one of the most authoritative voices on Fintech anywhere – has provided …

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The five major use cases for financial blockchains

Flying back from Oslo after the SWIFT Nordics Conference, I was reflecting on the blockchain discussion we had.  I chaired the discussion which was titled: “Blockchain: from hype to real world applications” and was joined by Vytautas Karalevicius from Spectro Finance, Lasse Meholm of Nordea and Colin Kwan from Magnr.  …

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The Incredible Hulk in a SWIFT showdown

Just had a great discussion about data analytics and visualisation at the SWIFT Nordics Conference in Oslo.  During the discussion we talked a lot about data for risk management and how real-time tracking of payments could help identify suspicious activities from fraud and malware attacks to the possibility of AML …

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So many new banks – how many can succeed?

I am surprised how many new start-up banks there are in Britain.  My list so far includes physical distribution players such as: Santander (a challenger?) that moved to the UK in 2004 with the acquisition of Abbey Banco Sabadell’s acquisition of Lloyds spin-off TSB the soon-to-launch RBS spin off William …

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The Card and Payments Awards 2016: Here are the Winners

The Cards & Payments Awards 2016 took place the other day, so I thought I’d pick out the three Awards that interest me the most: Best Technology Initiative; Best Initiative in Mobile Payments; and Best Industry Innovation. BEST TECHNOLOGY INITIATIVE Winner: Bottomline Technologies Bottomline’s Agency Services is a relatively new …

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