Chris Skinner's blog

Shaping the future of finance

Payments

Payments regulation: a summary of the latest views

I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation.  The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉  … free places for Corporate…

Payments regulation: a summary of the latest views

I was lucky to chair this year's International Payments Summit in London, and a lot of talk was about regulation.  The organisers are kind enough to summarise the debate so here's a snapshot from their 12-page conference summary report (if you want more, then come to next year's meeting 😉  … free places for Corporate…

Give merchants the finger: now you can with PayPal

We've all been saying that it's only a while before we pay for everything with a biometric, as mentioned in last weeks blog: The Age of the Password is over. Bringing this one step nearer to reality is PayPal. With the release of the Samsung Galaxy S5 last Friday, you can now pay with a fingerprint….

Screenshot 2014-04-15 14.24.11

Give merchants the finger: now you can with PayPal

We've all been saying that it's only a while before we pay for everything with a biometric, as mentioned in last weeks blog: The Age of the Password is over. Bringing this one step nearer to reality is PayPal. With the release of the Samsung Galaxy S5 last Friday, you can now pay with a fingerprint….

Screenshot 2014-04-15 14.24.11

The Age of the Password is over

I saw a great but scary presentation this week from Kamran Meer, Chief IT Security Officer at Bank Alfalah, the sixth largest bank in Pakistan. Kamran began by asking the audience if they knew about the Stuxnet attack. Amazingly, 70% of the audience hadn’t heard of it although maybe it’s not so amazing as this was…

Secure_icon_ssl

The Age of the Password is over

I saw a great but scary presentation this week from Kamran Meer, Chief IT Security Officer at Bank Alfalah, the sixth largest bank in Pakistan. Kamran began by asking the audience if they knew about the Stuxnet attack. Amazingly, 70% of the audience hadn’t heard of it although maybe it’s not so amazing as this was…

Secure_icon_ssl

1.4 billion people have smartphones increasing at 44% per annum (infographic)

A fantastic infographic was sent over to me today by the folks at Open Mobile Media. Main headlines include: banks are the most trusted mobile payment providers (43%) half of all smartphone users expect to adopt the use of mobile wallets in the next three years 1.4 billion people now have smartphones, increasing at 44%…

E4PMobilePaymentsPredictionsandTrendsinfographic (1)

1.4 billion people have smartphones increasing at 44% per annum (infographic)

A fantastic infographic was sent over to me today by the folks at Open Mobile Media. Main headlines include: banks are the most trusted mobile payment providers (43%) half of all smartphone users expect to adopt the use of mobile wallets in the next three years 1.4 billion people now have smartphones, increasing at 44%…

E4PMobilePaymentsPredictionsandTrendsinfographic (1)

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

Digital identities demand a digital infrastructure

Having talked about RBS yesterday, I’m just returning to my other theme of the week: rip out and replace. I guess it’s interesting that it is a complex situation as I was sitting yesterday talking about KYC, Know Your Client, once more and argued that for a digital age we need digital identities. This is…