Welcome to The Finanser by Chris Skinner. The Finanser discusses all things fintech, finance, banking, technology and, most importantly, the future. Chris Skinner has been voted the most influential technologist in Britain and received a lifetime achievement award for his visionary approach to the future of money from the Payments Association. He has advised the…
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It’s time to wind up for the summer hols, so I will be posting less for the next two weeks. In that context, I thought you might like a story about how to make the most of your downtime by talking about time. We all know and probably would like to own a Rolex watch….
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I just got a copy of the Payments Association’s Financial Crime Report. Here’s a quick summary: About this research The Payments Association surveyed 163 financial crime professionals from 33 countries, primarily UK-based (66%). Participants included senior decision-makers like CEOs and compliance heads from banks and fintech companies. Challenge Landscape 72% identify fraud as…
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This week’s main blog discussions include … What is an acceptable level of fraud? Sam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a…
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Sam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia https://www.ceotodaymagazine.com/2025/04/who-owns-chatgpt/ – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a voice print to move a lot of money. That is a crazy thing…
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Sam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia https://www.ceotodaymagazine.com/2025/04/who-owns-chatgpt/ – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a voice print to move a lot of money. That is a crazy thing…
Read MoreWe are really good at creating bingo buzz words in business to get everyone feeling they are missing the buzz. Terms such as Big Data, Banking-as-a-Service (BaaS, invented by me!), embedded finance, invisible banking and more turn up every day. Some get traction and some don’t, but the whole idea is to make you feel…
Read MoreI recently got an invite to present a TEDx talk at Haberdashers School in Elstree, England. Shortly afterwards, a second TEDx talk invite came through from the American School of Warsaw, Poland. Of course, I accepted both, but then the challenge became how to do two TEDx talks with some clear differentiation. The result is…
Read MoreThere’s a huge debate about banks and data. Should banks share data or sell data? This has been going on for over a decade. For example, Barclays tried to share and sell customer data back in 2013 and it hit the headlines; ING did the same in 2014 and got into similar issues. Both banks…
Read MoreIn recent days, I’ve discovered a lot of theorems and ideas in digital areas where, when you integrate finance and technology, you realise that you are living in a world of rocket science thinking. For example, I am spending a lot of time talking with experts about digital identity and trust, as that’s the theme…
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An awful lot of what I read these days is about stablecoins. By way of example, my things worth reading daily update is filled with news about them. Just this morning: Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations Central banks face dilemma over rise of dollar-backed stablecoins Could Britain be about…
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I often meet CxO executives in financial institutions and fintechs who talk about the importance of the customer journey, but I wonder what they mean by this. After all, we all know that hold the line and the computer says no is the general experience these days. Most of this is caused by underfunding and…
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I went to a conference the other day where the organiser left a load of beer mats with questions about fintech. I picked them up and decided to write my thoughts. Trust you enjoy this … What was your ‘aha’ moment that led you into fintech? I never really had a moment, as I’ve been…
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I stumble across a lot of stories online about fintech start-ups successes and failures, and really enjoyed reading the story of Airwallex by Thomas Yeddou on the Fintech Society newsfeed (worth subscribing). It’s a lengthy story of one Jack Zhang. Who is Jack? Well, you need to read the whole thing to find out, but here’s…
Read MoreSam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia https://www.ceotodaymagazine.com/2025/04/who-owns-chatgpt/ – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a voice print to move a lot of money. That is a crazy thing…
Read MoreWe are really good at creating bingo buzz words in business to get everyone feeling they are missing the buzz. Terms such as Big Data, Banking-as-a-Service (BaaS, invented by me!), embedded finance, invisible banking and more turn up every day. Some get traction and some don’t, but the whole idea is to make you feel…
Read MoreI recently got an invite to present a TEDx talk at Haberdashers School in Elstree, England. Shortly afterwards, a second TEDx talk invite came through from the American School of Warsaw, Poland. Of course, I accepted both, but then the challenge became how to do two TEDx talks with some clear differentiation. The result is…
Read MoreThere’s a huge debate about banks and data. Should banks share data or sell data? This has been going on for over a decade. For example, Barclays tried to share and sell customer data back in 2013 and it hit the headlines; ING did the same in 2014 and got into similar issues. Both banks…
Read MoreIn recent days, I’ve discovered a lot of theorems and ideas in digital areas where, when you integrate finance and technology, you realise that you are living in a world of rocket science thinking. For example, I am spending a lot of time talking with experts about digital identity and trust, as that’s the theme…
Read MoreI often meet CxO executives in financial institutions and fintechs who talk about the importance of the customer journey, but I wonder what they mean by this. After all, we all know that hold the line and the computer says no is the general experience these days. Most of this is caused by underfunding and…
Read MoreI went to a conference the other day where the organiser left a load of beer mats with questions about fintech. I picked them up and decided to write my thoughts. Trust you enjoy this … What was your ‘aha’ moment that led you into fintech? I never really had a moment, as I’ve been…
Read MoreI stumble across a lot of stories online about fintech start-ups successes and failures, and really enjoyed reading the story of Airwallex by Thomas Yeddou on the Fintech Society newsfeed (worth subscribing). It’s a lengthy story of one Jack Zhang. Who is Jack? Well, you need to read the whole thing to find out, but here’s…
Read More
Building on yesterday’s blog about onboarding me as a client based in Buckingham Palace – or was that 10 Downing Street? – there is some interesting reporting about Revolut. Why haven’t they got their UK credit license sorted? After several years of discussion with the regulators, they finally got the green light to launch a…
Read MoreIn recent days, I’ve discovered a lot of theorems and ideas in digital areas where, when you integrate finance and technology, you realise that you are living in a world of rocket science thinking. For example, I am spending a lot of time talking with experts about digital identity and trust, as that’s the theme…
Read MoreAn awful lot of what I read these days is about stablecoins. By way of example, my things worth reading daily update is filled with news about them. Just this morning: Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations Central banks face dilemma over rise of dollar-backed stablecoins Could Britain be about…
Read MoreI went to a conference the other day where the organiser left a load of beer mats with questions about fintech. I picked them up and decided to write my thoughts. Trust you enjoy this … What was your ‘aha’ moment that led you into fintech? I never really had a moment, as I’ve been…
Read MoreBuilding on yesterday’s blog about onboarding me as a client based in Buckingham Palace – or was that 10 Downing Street? – there is some interesting reporting about Revolut. Why haven’t they got their UK credit license sorted? After several years of discussion with the regulators, they finally got the green light to launch a…
Read More
I spend every day being more and more amazed at what AI can do, particularly with video. From my bedroom, I can create a whole marketing campaign with high-end advertising in just a few days. To illustrate this, I was amazed at this advert for Kalshi, a prediction markets FinTech: Aired during the NBA Finals…
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I would love to walk into a bank’s boardroom with my opening slide explaining: “Step confidently into the future of Web3 with Zond, a quantum-resistant Layer-1 blockchain* engineered to transcend today’s security limitations and safeguard your dApps, from DeFi protocols to NFT marketplaces, while powering the next generation of smart contracts in tomorrow’s digital economy.”…
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I’m discussing a lot about digital currencies these days, and the future of CBDCs, Stablecoins and Crypto. The conversation generally goes along the lines of central banks issuing digital currencies is really unnecessary. No one wants them and no one trusts them. The whole thing is just a scam for governments to track and trace…
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There’s a very interesting analysis of the cyber attacks on Marks & Spencer, the Co-op and Harrods on the BBC this week. If you have access to their iPlayer, then it’s well worth a watch: https://www.bbc.co.uk/iplayer/episode/m002d2lh/inside-the-high-street-cyberattacks If you don’t, then here’s the summary as it illustrates our fragile digital world today. In April, Marks &…
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We talk a lot about AI these days or, as some call it, A1 or Al (yes, Betty, when you call me, you can call me Al) and we have now moved on to other terms including Generative AI, Agentic AI and AGI which stands for Artificial General Intelligence. The thing is that these terms…
Read MoreWe are really good at creating bingo buzz words in business to get everyone feeling they are missing the buzz. Terms such as Big Data, Banking-as-a-Service (BaaS, invented by me!), embedded finance, invisible banking and more turn up every day. Some get traction and some don’t, but the whole idea is to make you feel…
Read MoreI recently got an invite to present a TEDx talk at Haberdashers School in Elstree, England. Shortly afterwards, a second TEDx talk invite came through from the American School of Warsaw, Poland. Of course, I accepted both, but then the challenge became how to do two TEDx talks with some clear differentiation. The result is…
Read MoreIn recent days, I’ve discovered a lot of theorems and ideas in digital areas where, when you integrate finance and technology, you realise that you are living in a world of rocket science thinking. For example, I am spending a lot of time talking with experts about digital identity and trust, as that’s the theme…
Read MoreAn awful lot of what I read these days is about stablecoins. By way of example, my things worth reading daily update is filled with news about them. Just this morning: Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations Central banks face dilemma over rise of dollar-backed stablecoins Could Britain be about…
Read MoreI went to a conference the other day where the organiser left a load of beer mats with questions about fintech. I picked them up and decided to write my thoughts. Trust you enjoy this … What was your ‘aha’ moment that led you into fintech? I never really had a moment, as I’ve been…
Read More
WARNING: THIS BLOG IS POLITICAL I often talk about the tech billionaires who control our lives. Why blog about this today? Well, a few disturbing developments. One is Elon Musk – you probably already know about his issues – thinking of launching a new American political party; but the other, and more intriguing, is an…
Read MoreThis week’s main blog discussions include … Designing our next banknotes: Notey McNoteFace? The Bank of England launched a platform yesterday for anyone to suggest who should be on Britain’s next generation of banknotes. Here’s the verbatim: As we begin to design the next series of banknotes, we invite you to share your views on potential…
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The Bank of England launched a platform yesterday for anyone to suggest who should be on Britain’s next generation of banknotes. Here’s the verbatim: As we begin to design the next series of banknotes, we invite you to share your views on potential themes. Our banknotes have celebrated notable historical figures since 1970, when William Shakespeare…
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“All the work I’ve done in my life will be obsolete in a few years.” Steve Jobs This statement is pretty fundamental to life as we know it. Everything you do is worth nothing tomorrow. It is only worth something today. “Yesterday is history, tomorrow is a mystery, but today is a gift, that’s why…
Read MoreThis week’s main blog discussions include … What is an acceptable level of fraud? Sam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a…
Read MoreThings we’re reading today include: Sacked Merrill Lynch banker blames dismissal on ‘post-MeToo’ culture UK student jailed for selling phishing kits linked to £100m of fraud ‘We lend where banks can’t’ Juice boss on how AI allows lender to say ‘yes’ to more small businesses Major UK bank makes big change to accounts leaving customers…
Read MoreThings we’re reading today include … As customer growth slows, FinTech bets on deeper impact, study shows Top 10: UK Fintechs Deutsche Bank beats profit expectations despite deal slump, strong euro NatWest ‘wages war on cash’ after raising charges for businesses Deregulation drive risks repeat of financial crisis, Bank of England The Bank of England’s…
Read MoreThings we’re reading today include … Bank of England Considers Shelving Plans for a Digital Pound Trump Media: DJT grows $2 billion bitcoin hoard JPMorgan considers offering loans backed by clients’ cryptocurrency holdings, FT reports How is artificial intelligence revolutionising the fintech space? Fintech Giant’s Billionaire Cofounders Spar Over U.S. Listing Plan Warning over bank…
Read MoreThings we’re reading today include: JPMorgan’s New Fintech Fees Spark Industry Backlash Wise Co-Founder Slams Fintech’s Plans to Move Listing to US Interview: Inside HSBC’s major 18-month mobile banking app redesign £250mn and counting: fines against banks rack up for financial crime failings China Threatens Response to EU Sanctions on Banks, Firms Criminals are targeting…
Read MoreThis week’s main blog discussions include … How to find the launderers … or not Someone asked me this week: why isn’t digital identity working? After all, there have been numerous attempts at tackling the issue. Specifically, in finance, we have onboarding, compliance, AML, KYC, PEP and more … and yet none of it is…
Read MoreThings we’re reading today include … US passes Genius Act, first major national crypto legislation One in five of Trump’s closet allies hold significant cryptocurrency assets The huge financial impact of Elon Musk’s row with Donald Trump Rachel Reeves warned by City grandees not to weaken banking safeguards ‘Surprised’ Trump appears to forget he appointed…
Read MoreThings we’re reading today include … UK chancellor presents latest fintech-friendly plans and ambitions Mansion House 2025: The Fintech Industry Reacts Broke Britain: how the Bank of England wrecked the economy Could Britain be about to get a digital pound? Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations Central banks face dilemma…
Read MoreThis week’s main blog discussions include … What is an acceptable level of fraud? Sam Altman, the founder of OpenAI and creator of ChatGPT and more – along with the PayPal Mafia – was speaking about bank capital rules this week and made an interesting comment that: “There are some FIs that will accept a…
Read MoreThis week’s main blog discussions include … How to find the launderers … or not Someone asked me this week: why isn’t digital identity working? After all, there have been numerous attempts at tackling the issue. Specifically, in finance, we have onboarding, compliance, AML, KYC, PEP and more … and yet none of it is…
Read MoreThis week’s main blog discussions include … Fintech and the Rule of 40 A colleague posted a view about Fintech and the Rule of 40 the other day. What is the Rule of 40? The Rule of 40 is a financial metric, primarily used in the Software-as-a-Service (SaaS) industry, which suggests a healthy company’s combined…
Read MoreThis week’s main blog discussions include … Designing our next banknotes: Notey McNoteFace? The Bank of England launched a platform yesterday for anyone to suggest who should be on Britain’s next generation of banknotes. Here’s the verbatim: As we begin to design the next series of banknotes, we invite you to share your views on potential…
Read More
This week’s main blog discussions include … Is fintech young or old? I just received the latest World Economic Forum’s Future of Fintech report so, here’s a summary: The fintech industry is transitioning from rapid expansion into a phase of sustainable growth, increased collaboration and broader market reach. The fintech sector is experiencing a customer growth…
Read MoreThis week’s main blog discussions include … Are you fit to lead your bank if you don’t understand tech? I would love to walk into a bank’s boardroom with my opening slide explaining: “Step confidently into the future of Web3 with Zond, a quantum-resistant Layer-1 blockchain* engineered to transcend today’s security limitations and safeguard your…
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This week’s main blog discussions include … Is fintech complicating the process of payments? Everything I read talks about simplified customer experience in payments and yet, when I look at it, the process of payments is becoming far more complicated. You made a payment in the old world with a bank note or cheque, and…
Read MoreThis week’s main blog discussions include … How regulations are forcing banks to open branches I wandered back into the old world of EU regulations the other day in Switzerland, debating CRD VI and the demand that banks must have branches in every EU country when they offer full service banking, including deposits and lending….
Read MoreThis week’s main blog discussions include … The rise and rise of ransomware There’s a very interesting analysis of the cyber attacks on Marks & Spencer, the Co-op and Harrods on the BBC this week. If you have access to their iPlayer, then it’s well worth a watch. If you don’t, then here’s the summary as…
Read MoreThis week’s main blog discussions include … What economy would machines create? We talk a lot about AI these days or, as some call it, A1 or Al (yes, Betty, when you call me, you can call me Al) and we have now moved on to other terms including Generative AI, Agentic AI and AGI…
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