Chris Skinner's blog

Shaping the future of finance

Regulation

It’s a wonderful digital life … if you’re a digital disruptor

I recently had an epiphany.  It was not painful, but it was enlightening. The realisation occurred to me as I looked at this chart from Zopa: It’s an interesting chart, especially the hockey stick rise in funds transferred as the financial crisis hit, and relates to a recent headline in the Financial Times: “P2P group…

Zopa

Swiss banks, the Nazis and PEPs

OK, a last and final post about Swiss bankers and then I’ll shut up. For centuries, Switzerland has been the centre of banking in Europe.  As explained, this is due to the Knights Templar and Protestant Reformation at its heart, and is the reason that led to Voltaire (1694-1778) being quoted as saying: “If you…

Swiss banks, the Nazis and PEPs

OK, a last and final post about Swiss bankers and then I’ll shut up. For centuries, Switzerland has been the centre of banking in Europe.  As explained, this is due to the Knights Templar and Protestant Reformation at its heart, and is the reason that led to Voltaire (1694-1778) being quoted as saying: “If you…

Why Swiss banks are no longer so private

Further to the previous two entries about Swiss Banking (the settlements of the Knights Templar and the Protestant Reforms), we move into the 16th century with Switzerland proving an attractive ground for migration of the Protestants persecuted overseas. As mentioned, this period created the strong movement towards neutrality from any wars or hostilities overseas –…

Why Swiss banks are no longer so private

Further to the previous two entries about Swiss Banking (the settlements of the Knights Templar and the Protestant Reforms), we move into the 16th century with Switzerland proving an attractive ground for migration of the Protestants persecuted overseas. As mentioned, this period created the strong movement towards neutrality from any wars or hostilities overseas –…

A final note on KYC: it’s getting serious

OK, I’m going to cheat now and finish all the KYC chat by reproducing a couple of articles that spring boarded from the event. First, Elliott Holley recorded the BAFT-IFSA session for Banking Technology.  Here’s what he wrote: “Unbanked banks” suffer from tougher KYC rules Senior transaction banking executives have called for a political discussion…

A final note on KYC: it’s getting serious

OK, I’m going to cheat now and finish all the KYC chat by reproducing a couple of articles that spring boarded from the event. First, Elliott Holley recorded the BAFT-IFSA session for Banking Technology.  Here’s what he wrote: “Unbanked banks” suffer from tougher KYC rules Senior transaction banking executives have called for a political discussion…

Why is KYC so difficult (part two)

It struck me as I finished writing yesterday’s blog and went about my duties, that I’d missed one important point in this KYC debate. I’d put it down to the reluctance for banks to outsource such a critical activity.  Specifically, banks fearing the risk of non-compliance or compromise being the reason why this had to…

Why is KYC so difficult?

I have wondered for a long time now: why does every bank do its own Know Your Client (KYC)? For a long time my technology brethren have told me they have solved KYC. They talk about shared utilities, outsourced services, digital identities and more. The solutions are out there, so why aren’t they used? Lots…

European Union means Banking Union, but what does it mean for the City of London?

We had our usual first footing for the Financial Services Club this week, with an illuminating update from David Doyle, Policy Adviser on all things related to EU Financial Legislation. The meeting usually delves deep into the drafting of the Payment Services Regulation II (PSD II) and the implementation of MiFID II (agreed this week)….

Doyle

Intelligent Money - Chris Skinner Keynote @ Pay 360 conference 2024

What is the future?

Learn more

Learn more about Chris

About Chris Skinner

The Past, Present And Future Of Banking, Finance And Technology

Fintech expert Chris Skinner: countries need digital transformation to remain competitive

Join me on Linkedin

Follow Me on X!

Hire Chris Skinner for dinners, workshops and more

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Top 50 Global Thought Leaders and Influencers on FinTech 2023

Chris Skinner
Commentator, CEO of The Finanser and best-selling author at The Finanser

Thinkers360 Thought Leader

Contact Me

Global Awards

Lifetime Achievement Award

Global 100 - 2024 Winner

Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023

Best Financial Markets Advisor of the Year 2023

30 Best Regtech Blogs and Websites 2023

Kids creating the future bank | TEDxAthens

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser