Apparently Facebook has applied for an e-money licence in Europe, according to today’s Financial Times. That’s no big deal, as Google and PayPal have had bank licences since the mid-2000s in order to operate e-money capabilities. It hasn’t meant that Google and PayPal intend to be banks, although they might in the future. It does…
A week before Zopa luancheed in Britain in 2005 one of the co-founders, the now late and much missed Richard Duvall, presented the concept to the Financial Services Club. Richard Duvall, Founder, Zopa from Chris Skinner No-one really understood it at the time although now, it makes great sense. An eBay for money. Those who…
I received one interesting comment about Google, Apple, Facebook and Amazon (GAFA) and co getting into banking from one bank: why would they? His response was based upon the fact that he’s more worried about Google when they’re not a bank than when they are one. “If they bought a bank – let’s say they…
I was amazed to see the news this morning that Alibaba, the Chinese equivalent of eBay and PayPal, has acquired China Union Pay. This is fantastical news and builds upon the recent announcement that Alibaba will get into banking. From Breaking Views: Alibaba isn’t a bank. But for customers it’s getting hard to tell the…
We had another great launch meeting of the Financial Services Club in Slovakia last week. As with Norway, this was at the Ambassador’s Residence of the British Embassy, although the Bratislava Residence is very different to the Oslo one (read more at the end of this blog entry if interested). The focus of the meeting…
We had another great launch meeting of the Financial Services Club in Slovakia last week. As with Norway, this was at the Ambassador’s Residence of the British Embassy, although the Bratislava Residence is very different to the Oslo one (read more at the end of this blog entry if interested). The focus of the meeting…
I’m at a conference last week and someone says, “I hate the phrase ‘omnichannel’”, and then talked about cloud, big data and more management gobbledygook after dissing omnichannel. Now don’t get me wrong, we all hate buzzwords but I really hate the use of the phrase omnichannel (I call this a phrase, as it is…
I’m at a conference last week and someone says, “I hate the phrase ‘omnichannel’”, and then talked about cloud, big data and more management gobbledygook after dissing omnichannel. Now don’t get me wrong, we all hate buzzwords but I really hate the use of the phrase omnichannel (I call this a phrase, as it is…
Things we're reading today include … Alibaba and Tencent duel over credit cards Britons in the lead with smartphone shopping How your mobile is about to replace your wallet After Mexico fraud, Citi finds other three sets of suspect loans Wall Street average bonus rises 15% U.S. consumer bureau probing firms that link borrowers, payday…
Things we're reading today include … Alibaba and Tencent duel over credit cards Britons in the lead with smartphone shopping How your mobile is about to replace your wallet After Mexico fraud, Citi finds other three sets of suspect loans Wall Street average bonus rises 15% U.S. consumer bureau probing firms that link borrowers, payday…
Global 100 - 2024 Winner
Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023
Best Financial Markets Advisor of the Year 2023
