Chris Skinner's blog

Shaping the future of finance

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Angry Birds – the future of banking

Every now and again we have a friend provide a guest post.  Today’s guest post is from Chris Dunne, Payment Services Director, VocaLink: Many of us have been enthusiastic participants in the destruction of well-known businesses over the past few years as we move from buying physical goods in physical stores (books from Waterstones) to digital goods…

Chris Dunne

What will happen to Europe’s weakest banks?

In answer to yesterday’s question about How many banks are driving blind?, it’s about 20 percent. This is because, as mentioned earlier, I’ve been involved in a great deal of debate this week about liquidity and leverage ratios and the quality of data, the divide between Europe’s regulators and the banking system and the challenges of conflicting…

What will happen to Europe’s weakest banks?

In answer to yesterday’s question about How many banks are driving blind?, it’s about 20 percent. This is because, as mentioned earlier, I’ve been involved in a great deal of debate this week about liquidity and leverage ratios and the quality of data, the divide between Europe’s regulators and the banking system and the challenges of conflicting…

How many banks are driving blind?

Building on yesterday’s chat about London versus Europe, there’s more to this than initially meets the eye, as it’s also Europe versus Banks. That’s the real thing here, and it’s a political agenda rather than a market based one. The politicians are all conscious of their short tenure in their parliamentary seats and want to…

How many banks are driving blind?

Building on yesterday’s chat about London versus Europe, there’s more to this than initially meets the eye, as it’s also Europe versus Banks. That’s the real thing here, and it’s a political agenda rather than a market based one. The politicians are all conscious of their short tenure in their parliamentary seats and want to…

“The least trusted company in the least trusted sector”

Last week, when delivering his announcements of Royal Bank of Scotland’s continuing losses (£42 billion worth since 2008 and £8.2 billion last year alone), Ross McEwan said that the bank is “the least trusted company in the least trusted sector”. Wrong. First, RBS is not greatly trusted but some of their brands are. According to…

Most-trusted-logo

“The least trusted company in the least trusted sector”

Last week, when delivering his announcements of Royal Bank of Scotland’s continuing losses (£42 billion worth since 2008 and £8.2 billion last year alone), Ross McEwan said that the bank is “the least trusted company in the least trusted sector”. Wrong. First, RBS is not greatly trusted but some of their brands are. According to…

Most-trusted-logo

If you think ‘rip out and replace our systems’ is naive … think again

Building on yesterday’s theme, one that I cover often, I was accused of being naïve when I say that banks should rip out and replace old infrastructures. They tell me that you would not do that with historic houses.  You just refresh and renew room by room, on an evolutionary basis. But the metaphor does…

Andressen

If you think ‘rip out and replace our systems’ is naive … think again

Building on yesterday’s theme, one that I cover often, I was accused of being naïve when I say that banks should rip out and replace old infrastructures. They tell me that you would not do that with historic houses.  You just refresh and renew room by room, on an evolutionary basis. But the metaphor does…

Andressen

A banking system designed for a USB stick

I often wonder if I’m actually telling the truth when I have a go at banks for being slow to change and poor with technology.   They can’t be that bad can they? But then I meet a banker who tells me I’m spot on, and that they’re just as fed up with the state of…