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The rise of tokenization to secure the Internet of Things

There are many interesting technologies out there and I haven’t blogged much about one of them: tokenization.  Why am I talking about tokenization today?  Because it was referred to many times by Visa, MasterCard and the card processing firms at Money2020 last week as the key to future transaction security. So what is tokenization?  If…

The future of banking and the state of now

I seem to be getting more and more interviews out there, and this one was published by Octo after a recent conference in Paris where I keynoted.  Many folks seem to like the interview, so I thought it worth reproducing here: Chris Skinner interview: the future of bankingPosted on 21/10/2015by Sylvain Fagnent, Stephen PERIN During…

Chris Skinner

The business model followed by traditional banks must change

There's been a lot of tweeting of a few lines in an interview that I gave recently in Spain for BBVA's innovation centre.  As a result, I thought I would post the interview here and will reveal the line that gets all the tweets in the next week or so. Chris Skinner: “The business model…

There seems to be a problem with your American Express card

I just read Bloomberg’s article about AMEX after spotting the cover story with this image and the words: “Sorry, there seems to be a problem with your American Express card”:   It’s a fascinating article, but a few choice highlights include the story of Costco who had been a key corporate partner for AMEX since 1999….

AMEX

The Big Four British Banks: which one should you invest in?

We’re about to get the results of the Big Four UK banks Q3 earnings and each has different issues and challenges.   I talked about some of the outlook in this area on CNBC yesterday … … and thought it worth sharing my summary notes. Barclays When Antony Jenkins was made CEO of Barclays Bank, some…

The Most Expensive Insurance Claims of all Time [Infographic]

Did you know that the global financial crisis of2008 cost insurance companies almost $22 trillion USD? Or that the 9/11 attacks led to insurance pay-outs totalling $40 billion USD? This infographic explores some of the largest pay-outs the world has ever seen, including everything from motor insurance to even pet insurance. Thanks to Jim Flannery of…

Largest-Insurance-Payouts-Infographic

How Big Is the Internet of Things for Financial Institutions?

I just got pinged some more research from Deloitte, who have produced a fascinating report about the size of the market for the Internet of Things (IoT).  Here's the management summary and you can download the whole report here if you want. Financial services have long trafficked in the intangible, from counterparty risk and online…

IoT

Who’s going to serve the analogue people?

I can’t find it online but I was just in a session at BAI RD2015 http://www.bai.org/retaildelivery where the BAI research guys put up some slides on access preferences.  They called these “channel preferences”, as do most, but I cannot use the word channel without physically retching.  It’s a great way to bring on bulimia but,…

BAI CMP

Is T2S a complete waste of time and money?

Another day and more news about blockchain, this time in the wholesale financial markets.  I’m presenting at a conference later this week, and the organisers asked me to think about collateral management.  This is a subject that has been perplexing our capital markets group in London, as EMIR (the European Markets Infrastructure Regulation) mandated that…

Do banks need to change so fast?

An interesting report from the BBC: Banks in the UK and across Europe could lose their best customers if they fail to make massive investments in mobile banking and marketing.  Traditional 'retail' banks are most at risk, according to a survey by Deloitte Consulting, which talked to senior executives of 133 banks and insurance companies…

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