Chris Skinner's blog

Shaping the future of finance

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Everybody wants to rule the world … well no, Apple does

Apple rules the world. Assailed by Google/Alphabet, Facebook/Meta, Samsung and more, Apple has sustained an incredible trajectory to become a three-trillion-dollar company. Apple is now worth more than the entire FTSE100 list of companies … In terms of competitors, only Microsoft comes close which, some say, is mainly due to OpenAI’s ChatGPT, but Apple’s dominance is…

Should a bank close a customer’s account because they disagree with their views?

From The Times: ‘Until last summer, Nigel Farage had dealt with the same relationship manager at Coutts for years. Then Mark Pierce left for the rival private bank Arbuthnot Latham, and responsibility for the outspoken Brexiteer’s accounts passed to a Coutts executive named Min Fung. The former Ukip leader’s first conversation with Fung was also his…

Britain’s digital divide: 7 million households have no internet access

7 million households have no internet access according to the UK’s House of Lords’ Communications and Digital Committee (CDC) published, who its report at the end of June titled: Digital exclusion. Summarising their findings they say that the Government has “no credible strategy” to tackle digital exclusion. That’s a good start isn’t it? Statistics flagged…

How much energy should a monetary system consume?

I caused quite a debate on twitter over the weekend when sharing the supposed fact that one bitcoin transaction uses the same amount of energy as a US household uses over a month. ONE Bitcoin transaction uses the same amount of energy as a US household uses over a monthhttps://t.co/1z5HgzRLRo — Chris Skinner (@Chris_Skinner) June…

AI will save us, not kill us

Marc Andreesson of Andreesson Horowitz fame, the leading investor in fintech start-ups, published a long piece on how AI will save us the other day. It is well worth a read, but it is a long read (about 30 minutes) so, if you don’t have the time, here is a short summation of what he…

The past, present and future of technology, finance and us

I recently presented at the DIFC’s first Dubai Fintech Summit on the past, present and future of banking, finance and technology. It was fun, but with only twenty minutes, it was fast. So, here is that presentation and transcript if you are interested … Slides:  Video: Transcript: Some of you may know me but,…