Chris Skinner's blog

Shaping the future of finance

Technology

The branch-based banking model is dead (UPDATE)

Here’s a summary of the presentation I gave at the conference this week. The headline is that the traditional model of banking is dead, long live the new bank model. The dead model is the one where 80% of costs of retailing are in stores (branches). Branch based banking is dead. Branches are not dead…

The branch-based banking model is dead (UPDATE)

Here’s a summary of the presentation I gave at the conference this week. The headline is that the traditional model of banking is dead, long live the new bank model. The dead model is the one where 80% of costs of retailing are in stores (branches). Branch based banking is dead. Branches are not dead…

Forget money, let’s use sand

For years, I’ve played poker with matches and chips rather than coins and notes. We accept that a match can be ten cents or a chip is a dollar or more. We don’t need real money to know our exchange rates. Now, this basic idea is being replicated in social networks. Facebook, as many of…

Having a party with Windows 7

If you had a really bad experience with Vista, then it's time to cheer up as Windows 7 is coming on 22nd October.  If you're as excited as I am then you'll probably want to have a party to celebrate. And if you don't know how to party, why not let Microsoft show you how?…

Is there any innovation here? Nope

After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….

Is there any innovation here? Nope

After the innotribe stuff, it was off to a panel debate about “payments innovation”. This session was described as follows: “The crisis has put the emphasis back on traditional banking and sources of revenue, with payments coming to the fore again. Yet payments are also seen as a commoditised, legacy business where scale is everything….

SWIFT innovations: a ‘trust score’ (update)

So, the innotribe session has just come to a close.  I'll post more about the ideas proposed for SWIFT to invest in later, but here's our team's idea. First, what is innotribe? It's a stream at SIBOS focused upon finding innovations in finance for the future comprising SWIFT and banks, corporates and anyone else who's…

SWIFT innovations: a ‘trust score’ (update)

So, the innotribe session has just come to a close.  I'll post more about the ideas proposed for SWIFT to invest in later, but here's our team's idea. First, what is innotribe? It's a stream at SIBOS focused upon finding innovations in finance for the future comprising SWIFT and banks, corporates and anyone else who's…

Interesting research

SIBOS and most conferences are always a good moment to release research. We released ours last week, but there are several reports that stand out. For example, Barclays Commercial Banking polled 160 people across financial institutions in London, Dubai, Frankfurt and Singapore, to find out what they looked for in their selection of a transaction…

VocaLink_rgb_250x120

Interesting research

SIBOS and most conferences are always a good moment to release research. We released ours last week, but there are several reports that stand out. For example, Barclays Commercial Banking polled 160 people across financial institutions in London, Dubai, Frankfurt and Singapore, to find out what they looked for in their selection of a transaction…

VocaLink_rgb_250x120