This blog was originally posted in SAP for Banking, September 2015. More and more banks are getting to be social, but there’s still a long way to go. It’s interesting that I’ve noticed a number of banks investing heavily in social media over the past five years, but not in countries you would expect. Turkey,…
A follower of my twitter feed kindly aggregated all of my Money 20/20 tweets, so here's a great summary of the conference this year: Fintech: "The infrastructure for financial services will change dramatically over the next decade." Bob Greifeld, CEO Nasdaq #money2020 In Fintech if you think you can go through life without a…
There are many interesting technologies out there and I haven’t blogged much about one of them: tokenization. Why am I talking about tokenization today? Because it was referred to many times by Visa, MasterCard and the card processing firms at Money2020 last week as the key to future transaction security. So what is tokenization? If…
I seem to be getting more and more interviews out there, and this one was published by Octo after a recent conference in Paris where I keynoted. Many folks seem to like the interview, so I thought it worth reproducing here: Chris Skinner interview: the future of bankingPosted on 21/10/2015by Sylvain Fagnent, Stephen PERIN During…
I just read Bloomberg’s article about AMEX after spotting the cover story with this image and the words: “Sorry, there seems to be a problem with your American Express card”: It’s a fascinating article, but a few choice highlights include the story of Costco who had been a key corporate partner for AMEX since 1999….
Did you know that the global financial crisis of2008 cost insurance companies almost $22 trillion USD? Or that the 9/11 attacks led to insurance pay-outs totalling $40 billion USD? This infographic explores some of the largest pay-outs the world has ever seen, including everything from motor insurance to even pet insurance. Thanks to Jim Flannery of…
I just got pinged some more research from Deloitte, who have produced a fascinating report about the size of the market for the Internet of Things (IoT). Here's the management summary and you can download the whole report here if you want. Financial services have long trafficked in the intangible, from counterparty risk and online…
I can’t find it online but I was just in a session at BAI RD2015 http://www.bai.org/retaildelivery where the BAI research guys put up some slides on access preferences. They called these “channel preferences”, as do most, but I cannot use the word channel without physically retching. It’s a great way to bring on bulimia but,…
