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

Things we’re reading today include: Swedish fintech unicorn Klarna faces money laundering probe as it prepares for IPO – AML Intelligence Australia’s Judo Bank Goes Live with Thought Machine’s Vault Core | The Fintech Times HSBC considers cost-cutting merger of commercial and investment banking units (ft.com) Bank of London resolves tax payment glitch, raises funds... The post Things worth reading: 10th September 2024 appeared...

It’s interesting that we have over 30,000 fintech start-ups worldwide but only a few we talk about a lot. Stripe, Klarna, NuBank, Alipay … sure, there are 300 unicorns but there are thousands of roadkill along the way. What surprises me is how many sneak out of the woods when you least expect it. By... The post How many payments unicorns are out there?...

Things we’re reading today include … The Bank of London reveals £42m fundraise days after winding-up order (cityam.com) Russia Economy: Banks Say Nation Depleted Yuan Stash As China Pulls Away – (businessinsider.com) Bank bosses brace for Downing Street meeting as windfall tax fears mount | This is Money Stripe-backed fintech warns of over-reliance on US... The post Things worth reading: 9th September 2024 appeared...

This week’s main blog discussions include … The secret sauce of Stripe’s success Your morning coffee purchase travels through 15 countries in 0.3 seconds. It’s not magic. It’s a global network of invisible digital pipes and two college dropouts saw their world-changing potential. Two brothers. Meet Patrick and John Collison: the architects of our digital... The post The Finanser’s Week: 2nd September – 8th...

Your morning coffee purchase travels through 15 countries in 0.3 seconds. It’s not magic. It’s a global network of invisible digital pipes and two college dropouts saw their world-changing potential. Two brothers. Meet Patrick and John Collison: the architects of our digital future. 2010: the Collisons spot a problem: Online payments are a maze of... The post The secret sauce of Stripe’s success appeared...

Things we’re reading today include … Trump Pledges To Make US The ‘World Capital’ In Cryptocurrency | Barron’s (barrons.com) ECB to challenge American, Chinese payment systems with digital euro (crypto.news) Visa to launch pay-by-bank payments, an alternative to credit cards (cnbc.com) ‘I used Bank of Mum and Dad to fund my start-up – I lost... The post Things worth reading: 6th September 2024 appeared...

The BBC just interviewed Tony Blair. Who? Oh yea, some politician from the last century. The interview is quite interesting, particularly the point that, when Mr Blair stood down, Britain had been led by just three people over 28 years. Now the country has just moved onto their sixth prime minister in eight years. Interestingly,... The post Tony Blair wants everyone to have a...

Things we’re reading today include … Bank fraud reimbursement limit set to be slashed by thousands under new plans | Personal Finance | Express.co.uk Why is the UK slashing the maximum banks must refund to fraud victims? | Banking | The Guardian Deutsche Bank chief tells Germans: Work longer and harder – POLITICO Chinese banks’... The post Things worth reading: 5th September 2024 appeared...

As it’s the quiet summer, I’ve been watching too much on Netflix, Prime, Disney and Apple. Yes, I subscribe to them all. It’s interesting that the content is either about love, hate, fear, happiness and other emotions. The one thing that links nearly all the ones I watch is money, because money is power. Whether... The post When it comes to money, who can...

Things we’re reading today include … BBVA secures UK approval to acquire TSB Bank in hostile takeover bid (cityam.com) UK reportedly poised to slash amount banks must refund to fraud victims | Banking | The Guardian Lloyds Bank hit by online service issues as Microsoft reports outage (cityam.com) Chinese central bank’s $56bn debt purchase sparks... The post Things worth reading: 4th September 2024 appeared...

Sorry to keep blogging about APP (Authorised Push Payments) fraud, but it’s a big topic of my friends right now in Britain, and Jeremy Light just published a great post on LinkedIn that provides more insight. Here’s his thoughts: The PSR’s Authorised push payment (APP) scams performance report for 2023 contains some extraordinary data. Published... The post Still unAPPy appeared first on Chris Skinner's...

Things we’re reading today include … Viral ‘Chase Bank ATM Glitch’ promised people free money – but left them in thousands of debt and facing jail | The Independent Ukraine is working to legalize cryptocurrency to fill its coffers. – UBN Lloyds Bank partners with Cleareye.ai to provide trade finance tech solutions (retailbankerinternational.com) Lloyds Bank... The post Things worth reading: 3rd September 2024 appeared...

Many of you have probably been relaxing for the past month and missed the fact that there was a major event in Mumbai: the Global Fintech Fest. It impressed me that they managed to persuade Shri Narendra Modi, Honourable Prime Minister of India, to deliver a keynote on Friday. What did he say? Well, you can... The post “Half of the world’s real-time digital transactions...

Things we’re reading today include … TikTokers go wild over Chase bank ‘glitch’ – but they are in for a rude awakening | Daily Mail Australian bank weighs ban on office-hours drinking after trader misbehaviour Commonwealth Bank CEO labels Greens’ tax policy ‘insidious populism’ after firm’s $9.8bn profit | The Guardian Post Office handles record... The post Things worth reading: 2nd September 2024 appeared...

This week’s main blog discussions include … Intelligent Money is now audible Earlier this year, we launched a new book Intelligent Money: When Money Thinks For You, which is doing well and reviews are good. The premise of the book? If you can decentralise money and make it intelligent with AI, what do regulators and banks do?... The post The Finanser’s Week: 26th August – 1st...

Earlier this year, we launched a new book Intelligent Money: When Money Thinks For You, which is doing well and reviews are good. The premise of the book? If you can decentralise money and make it intelligent with AI, what do regulators and banks do? Well worth a read but I am biased, but some people aren’t.... The post Intelligent Money is now audible appeared first...

Things we’re reading today include … Alcohol Policy at ANZ Bank Up for Review as CEO Seeks Change – Bloomberg Basel III puts banking sector recovery at risk, FN panel warns (fnlondon.com) 15 Ways to Plug Your Bank’s Cybersecurity Risks (thefinancialbrand.com) Visa, Crown Agents Bank Launch ‘Last-Mile’ Payments Partnership (pymnts.com) Australia Leads the World in... The post Things worth reading: 30th August 2024 appeared...

My blog the other day about asking what’s going to change is the wrong question was inspired by the quote from Jeff Bezos and this report from Team8: an unconventional view of the future of fintech https://team8.vc/rethink/fintech/2030-and-beyond/ They delve into three areas: What won’t change? What do we believe are the ‘immutable physical laws of... The post What is the future of fintech? appeared...

Things we’re reading today include … Bank-Fintech Partnerships Sparks Concern for Banking Regulators (natlawreview.com) Unit launches business continuity tool for bank partners of fintechs that fail | Banking Dive AI in Fintech Market to Reach USD 58.7 Billion by 2034, Growing at 15.9% CAGR – Future Market Insights, Inc. (accesswire.com) TSB Launches Emergency Flee Fund... The post Things worth reading: 29th August 2024 appeared...

As a commercial strategist* (I don’t like the term futurist), I am always looking for what might change tomorrow. Most of the time I’ve been right and, if you don’t believe me, checkout this link: https://thefinanser.com/2020/12/what-is-the-future Today, most of the big things that are changing are political (new governments in USA, UK, France …); economic... The post What’s going to change in the next...

Things we’re reading today include … Klarna plans to nearly halve workforce as AI replaces human jobs | Evening Standard Half of EIB staff fear reprisals for whistleblowing, survey finds (ft.com) HSBC’s Incoming CEO Elhedery Weighs Cutting Layers of Middle Management – Bloomberg Nordea Bank reaches $35 mln settlement with New York tied to Panama... The post Things worth reading: 28th August 2024 appeared...

If you haven’t noticed, Apple recently launched a new feature called Tap-to-Pay. It seems like a quiet thing, but it’s not. In fact, the new open network offers the opportunity to actively use cryptocurrencies through Apple. There has been a lot written about it, but a recent post by Mike Kelly on LinkedIn* grabbed my attention... The post Apple’s tap-to-pay is a game changer appeared...

Things we’re reading today include … Fintech Rundown: A Rapid Review of Weekly News – Finovate Governor Of Reserve Bank Of India Talks Fintech, CBDC – Pilot Reports Over 5 Million Users | Crowdfund Insider Fintech for Good: A Burgeoning Movement for the Sustainable-Finance Age (internationalbanker.com) Bank Card Fraud in EU: France Accounts for Nearly... The post Things worth reading: 27th August 2024 appeared...

I seem to have been immersed in APP fraud recently, mainly because the UK government is introducing new laws to manage such fraud on October 7. What is APP fraud? It is an Authorised Push Payment. It’s basically where you pay for something voluntarily which is not real, such as a parcel delivery that is... The post The unappy mess of APP in the...