~chris-skinner-s-blo | Bookmarks (191)

Things we’re reading today include … Almost Two Thirds (59%) of Financial Services Firms Admit They Are Risk Averse When It Comes to Technology (ffnews.com) Why fintech is rebounding – Maddyness UK Keir Starmer’s Bank Spying Plans — Big Brother Watch Can Andrea Orcel be stopped from buying Commerzbank? (ft.com) Apron: London fintech taps Checkout... The post Things worth reading: 25th September 2024 appeared...

I find it hard to believe that some commentators are still talking about BaaS and the great unbundling of banking. The reason? Well that was the conversation we were having fifteen years ago. Today, the discussion is much more around embedded banking that is intelligent, ubiquitous, everywhere, anywhere, anytime … except that I was having... The post The multiverse of money appeared first on...

Things we’re reading today include … China central bank releases slate of support measures amid a deepening economic slump (cnbc.com) Brits Lead Europe and the US in Turning Back on Bank Branches, With Less Than One in Four Caring if There Is One Nearby (ffnews.com) Experts reveal date that last bank branch will shut as... The post Things worth reading: 24th September 2024 appeared...

It’s interesting when we look at how AI is developing. First things first, AI is a large bucket of development. It’s not one thing. It’s so many things that are then applied to specific areas (I blogged about this the other day). So, it’s interesting reading various reports today about how AI is developing in... The post AutoGPT gives a bank a brain on...

Things we’re reading today include … Will the US presidential election define the future of crypto? – BBC News ‘Well, It’s Crypto, It’s AI, It’s Some Of The Other Things,’ Says Donald Trump, Unsure Of What His New Crypto Project Even Is – Benzinga The future of local banking services and access to cash –... The post Things worth reading: 23rd September 2024 appeared...

This week’s main blog discussions include … Schrödinger’s Cat, qubits and the future of everything I’ve spent a long time trying to get under the hood of Quantum Computing and always come back to Schrödinger’s Cat. Schrödinger’s Cat is a famous thought experiment that demonstrates the idea in quantum physics that tiny particles can be in... The post The Finanser’s Week: 16th September – 22nd...

I’ve spent a long time trying to get under the hood of Quantum Computing and always come back to Schrödinger’s Cat. Schrödinger’s Cat is a famous thought experiment that demonstrates the idea in quantum physics that tiny particles can be in two states at once until they’re observed. It asks you to imagine a cat in... The post Schrödinger’s Cat, qubits and the future of...

Things we’re reading today include … Walmart to offer instant bank payments (finextra.com) Link Money teams up with ticketing operator to offer Pay by Bank | Open Banking Expo Deutsche Bank to close branches in favour of video advice (finextra.com) The crucial role of AI in enhancing compliance management for FinTech – FinTech Global “Pig... The post Things worth reading: 20th September 2024 appeared...

You may have seen my shameless plug of the new book Intelligent Money: When Money Thinks For You … well, here’s another one. After a podcast with my friends in Finland, who quite like my thinking, Pål Krogdahl wrote up his thoughts on our chat on LinkedIn. I really enjoyed his summary, so here it is. Meanwhile, you can... The post The Future of Money: Unconscious Banking? appeared...

Things we’re reading today include: Inside the Bank of London, the unicorn that had an ‘immediate’ need for cash (ft.com) Dutch bank ING to ditch climate laggards as clients (ft.com) Politicians have hidden behind the Bank of England for far too long (telegraph.co.uk) How Fintech Innovations Are Powering Volt Payment Solutions — TFN (techfundingnews.com) Volt... The post Things worth reading: 19th September 2024 appeared...

For years, I’ve said that Big Tech will crunch the periphery of finance – payments, cards, credit and such like – but will not try and dig into the core of deposit-taking banking because it’s too regulated and difficult. Instead, they are far more likely to partner with banks than do banking. That view still... The post Will Big Tech destroy Big Banks? appeared...

Things we’re reading today include … JPMorgan Chase Nearing Deal to Take Over Apple’s Credit Card From Goldman Sachs (linkedin.com) Cybersecurity emerges as key driver of FinTech growth worldwide (ibsintelligence.com) US regulator proposes strengthened rules for banks working with fintechs | Reuters A Move Away From Oil and Gas: Fintech’s Role in a More Diversified... The post Things worth reading: 18th September 2024 appeared...

For over a decade technology has been transforming the financial world with the rise of the newly integrated markets of fintech. What is interesting is the nuance of this revolution is not playing out in Europe or America, but in Asia, Africa and South Americas. We have seen this since the late 2000s when everyone... The post In a world of change, where is...

Things we’re reading today include … European governments offload €16bn of bailed-out bank stocks (ft.com) Top commercial lenders join G7 central bank-dominated digital currency trial | Reuters Metro Bank to cut hundreds of jobs as it pushes ahead with its £80m cost-cutting plan | This is Money Kearney: Digital-Only Banks Disrupt Loyalty in European Banking |... The post Things worth reading: 17th September 2024 appeared...

In a letter last week, democratic senators Elizabeth Warren and Chris Van Hollen expressed concerns about bank and fintech partnerships last week, sparked by what looks like the collapse of Synapse. The letter is addressed to the heads of the FDIC, Federal Reserve and Office of the Comproller of the Currency. We write with concern... The post Wake up regulators, the BaaS revolution threatens...

Things we’re reading today include … Harvard Business School Spotlights DBS Bank’s AI Journey in New Case Study – Fintech Singapore (fintechnews.sg) Thought Machine boss backs London listing for $2.7bn fintech (cityam.com) Nubank Removes Nucoin Trading Capabilities as it Steps Away From Cryptocurrencies | The Fintech Times Why are Indian banks underperforming? (newindianexpress.com) Monzo vs... The post Things worth reading: 16th September 2024 appeared...

This week’s main blog discussions include …          What does Kamala Harris think of crypto? It seems weird to debate a US presidential election based on attitudes towards cryptocurrencies but, as previously blogged, Donald Trump is very pro-crypto. His attitude turned with NFTs of his image. Nothing like narcissism. Back then, I was blogging about Donald... The post The Finanser’s Week: 9th September – 15th...

I’ve been talking about trust a lot lately, as that’s the basis of why you put money in a bank. You trust them. Why do you trust them? Well, it’s not because of their brand or their branch. It’s because they are licensed and promise to guarantee that they will not lose your money or,... The post Licensed to trust appeared first on Chris...

Things we’re reading today include … Bank of England makes ‘substantial amendments’ to Basel package (cityam.com) Investment firm caps work hours for junior staff at 80 a week after outcry over young banker’s shocking death | The Independent Chinese banking giant’s London HQ targeted by cybercriminals, threatening to leak millions of files | TechRadar New... The post Things worth reading: 13th September 2024 appeared...

It seems weird to debate a US presidential election based on attitudes towards cryptocurrencies but, as previously blogged, Donald Trump is very pro-crypto. His attitude turned with NFTs of his image. Nothing like narcissism. Back then, I was blogging about Donald Trump vs Joe Biden, and Biden looking like a loser. Now, we have Donald... The post What does Kamala Harris think of crypto?...

Things we’re reading today include … Innovation may slow amid bank-fintech partnership scrutiny: analysts | Banking Dive UK fintechs warn tax hike could undermine global fintech status – The Banker FIS draws fintech startups into accelerator | Payments Dive New bill introduced in Parliament to clarify crypto’s legal status – GOV.UK (www.gov.uk) Cryptocurrency-Linked Scams Surge... The post Things worth reading: 12th September 2024 appeared...

Everyone seems to be talking about CBDCs: Central Bank Digital Currencies. They are being launched to stem the tide of cryptocurrencies, but it makes you ask: what’s the difference. A CBDC is backed by a government; a cryptocurrency is backed by decentralised democracy. Not much difference there then. The Bank of England defines CBDC as... The post Do we need CBDCs? appeared first on...

Things we’re reading today include: FBI: crypto fraud losses hit USD 5.6 bln in 2023 – ThePaypers Pulse of Fintech (kpmg.com) Full implementation of Open Banking roadmap paves way for UK’s financial tech evolution – FinTech Global Metro Bank to cancel all its customers’ credit cards today | Express.co.uk JPMorgan stock slumps as interest income... The post Things worth reading: 11th September 2024 appeared...

I just got a whole new set of tech phrases from a Gartner report. Giving my interpretation, here we go: Supplemental Coverage from Space (SCS) is a proposed framework for Device Direct connectivity using satellite and cellular communication combination. The framework enables partnership between satellite (specifically low Earth orbit [LEO]) providers and terrestrial mobile operators... The post What are the hottest new tech trends...