Chris Skinner's blog

Shaping the future of finance

Innovation

You may be innovative today, but tomorrow you’re just an incumbent

I’m going to give up on the discussions about banks dragging heels when it comes to the global net soon, but only after a few more pieces of debate. Today, it’s all about innovation. Innovation eventually is absorbed into the mainstream and becomes the incumbent. Yahoo! was disruptive until Google appeared; Google was disruptive until…

You may be innovative today, but tomorrow you’re just an incumbent

I’m going to give up on the discussions about banks dragging heels when it comes to the global net soon, but only after a few more pieces of debate. Today, it’s all about innovation. Innovation eventually is absorbed into the mainstream and becomes the incumbent. Yahoo! was disruptive until Google appeared; Google was disruptive until…

Cloud computing comes of age (thanks to vertical alignment to banking)

For some years now, banks have been grappling with the idea of cloud. A bit like Big Data, ‘cloud’ is this amorphic term that offers a panacea of solutions and nothing specific. This is not actually true, but the wide-ranging breadth of cloud and few and far between examples of depth, make it a term…

Cloud computing comes of age (thanks to vertical alignment to banking)

For some years now, banks have been grappling with the idea of cloud. A bit like Big Data, ‘cloud’ is this amorphic term that offers a panacea of solutions and nothing specific. This is not actually true, but the wide-ranging breadth of cloud and few and far between examples of depth, make it a term…

Laughing at the banks and all the way to the bank?

Talking of a two-stream market divided between Political and Economic change and Social and Technological change, there are other undercurrents that ripple in these waters. For example, why is it that most bank conferences are either about regulation or innovation?  Because one forces change to happen whilst the other offers the opportunity to change?  Or…

Laughing at the banks and all the way to the bank?

Talking of a two-stream market divided between Political and Economic change and Social and Technological change, there are other undercurrents that ripple in these waters. For example, why is it that most bank conferences are either about regulation or innovation?  Because one forces change to happen whilst the other offers the opportunity to change?  Or…

Bankers and regulators: do you want a Red or a Blue Pill (Matrix)?

I had a Red Pill moment last week. Not an Aha moment but a Red Pill moment because I realised the false reality of our world. You see, I present all the time and talk about the forces of change for the future: Political, Economic, Social and Technological (PEST). I usually skip over the Political…

BBVA’s amazing API challenge

I missed this competition at the end of last year but luckily caught BBVA presenting at the American Banker Retail Bank 2014 conference and was blown away. BBVA gave away their data. Yes, they created an API and gave it away for free. Open source bank transaction data and then see what you can do…

BBVA

BBVA’s amazing API challenge

I missed this competition at the end of last year but luckily caught BBVA presenting at the American Banker Retail Bank 2014 conference and was blown away. BBVA gave away their data. Yes, they created an API and gave it away for free. Open source bank transaction data and then see what you can do…

BBVA

Digital wallets will process all the money on earth by 2025

Another presentation that surprised me in Oslo came from Tor Jacobsen, CEO of TSM Nordic. It surprised me as I had no idea about TSM, a mobile wallet provider owned by Telenor and DNB – Norway’s biggest mobile network operator (MNO) and biggest bank – and will launch in the Norwegian market later this year…

Global-mobile-wallet-market