It’s all about the difference between an emoney provider and a bank … I’ve been having an ongoing debate with a Revolut fan about the fact that they have an emoney licence, as an EMI (Electronic Money Institution), and that they are not a bank in Britain. It’s part of the ongoing debate about their... The post Why Revolut needs a banking licence appeared first on Chris Skinner's blog ..read more

Things we’re reading today include … Nearly 200,000 people have signed petition to stop bank spying powers — Big Brother Watch Government could snoop on Landlords’ bank accounts … (landlordtoday.co.uk) Goldman Sachs removes bankers’ bonus limit – BBC News Deutsche Bank Plans to Double Assets in Southeast Asia, Middle East in 5 Years – Bloomberg... The post Things worth reading: 3rd May 2024 appeared first on Chris Skinner's blog ..read more

You may not have spotted it this week, but there has been a number of major strategic changes and moves by fintech leader Stripe. I’ve followed Stripe since their founding in 2010, and use them as a poster child of change in finance and technology, as demonstrated by their fast cycle growth from a company... The post Stripe strikes serious success in Sessions appeared first on Chris Skinner's blog ..read more

I say there is no next big thing, just the evolution of what we have right now, but there are two areas highlighted by the Future Today Institute in their Tech Trends Report 2024, which you might claim are the major changes on the horizon, rather than the next big thing. These are namely AI and... The post OK, so there are some next big things (not) appeared first on Chris Skinner's blog ..read more

Things we’re reading today include … Meet Froda, the unique morph between a tech company and a bank – Maddyness UK Statistical release: BIS international banking statistics and global liquidity indicators at end-December 2023 Royal Bank of Scotland and its sad, sad tale of hopes dashed | The Herald (heraldscotland.com) 3-year-old British fintech Abound becomes... The post Things worth reading: 1st May 2024 appeared first on Chris Skinner's blog ..read more

I’ve been trying to think of the next big thing. Someone asked me on a conference call: what’s the next big thing? I’ve always been on top of the next big thing. Whether it’s the metaverse, AI, blockchain, cloud computing or whatever, there’s always the next big thing. So, what is the next big thing?... The post There is no next big thing in banking appeared first on Chris Skinner's blog ..read more

Things we’re reading today include … HSBC CEO Noel Quinn to Retire in Surprise Announcement – Bloomberg Starling Bank’s SaaS business can be bigger than the bank, says its boss, who has no ambitions to be a future Starling CEO – Tech.eu SoFi reports strong Q1 revenue and profits | Fintech Nexus Top 10 fintech... The post Things worth reading: 30th April 2024 appeared first on Chris Skinner's blog ..read more

I just discovered a portal of information from McKinsey. Now, now, now … I know you may love or hate McKinsey but bear in mind that all their staff have an Upper Second Grade or First Grade degree, OK?So, I start delving into their portal that answers questions like: What is inflation? What is quantum computing?... The post A portal of knowledge for free from Mckinsey appeared first on Chris Skinner's blog ..read more

Things we’re reading today include … Stripe’s big changes, Brazil’s newest fintech unicorn and the tale of a startup shutdown | TechCrunch Digital bank Monzo expands fundraising to £500m in deal with top tech investor | Business News | Sky News Volt: Meet the fintech taking on Visa and Mastercard’s duopoly (cityam.com) Capital levels are... The post Things worth reading: 29th April 2024 appeared first on Chris Skinner's blog ..read more

This week’s main blog discussions include … I just debanked my bank … before they debanked me There’s a huge furore in Britain about debanking: the process where a bank says we cannot trust you anymore so get lost. It happened to Nigel Farage, a high profile figure, and now it’s happened to me. What... The post The Finanser’s Week: 22nd April – 28th April 2024 appeared first on Chris Skinner's blog ..read more