Chris Skinner is an independent commentator on the financial markets and fintech through his blog, thefinanser.com, as author of the bestselling book Digital Bank and its new sequel ValueWeb.
In his day job, he is Chair of the European networking forum The Financial Services Club, Chair of Nordic Finance Innovation, as well as being a Non-Executive Director of the Fintech consultancy firm 11:FS. He has been voted:
Chris has also been an advisor to the White House, the World Bank and the World Economic Forum.
Described by Seth Wheeler, Brookings Guest Scholar and Former Special Assistant to the President for Economic Policy at the White House, as “one of the most authoritative voices on Fintech anywhere”, Chris has previously written many books covering everything from European regulations in banking through the credit crisis to the future of banking.
His new book is a sister to his last book, Digital Bank. ValueWeb describes the impact of Fintech and how mobile and blockchain technologies are changing the face of finance in building an internet of value. As a result of the emerging internet of value, banks have to become digitalised and Digital Bank provides a comprehensive review and analysis of the battle for digital banking and strategies for companies to compete.
The Financial Services Club is a network for financial professionals and focuses on the future of financial services through the delivery of research, analysis, commentary and debate. Founded in 2004, the Financial Services Club meets regularly in Austria, England, Ireland, Norway, Poland, Scotland, Slovakia and Sweden.
Chris is a regular commentator on BBC News, Sky News, CNBC and Bloomberg about banking. He is on the Advisory Boards of many organisations including B-Hive, Bankex, empowr, IoV42, Innovate Finance, Life.SREDA, Moven, Meniga, Pintail, Project Exscudo and the Token Fund; and is a Judge on many awards programs including the Asian Banker’s Retail Excellence Awards, as well as having worked closely with leading banks such as HSBC, the Royal Bank of Scotland, Citibank and Société Générale, as well as the World Economic Forum.
Chris is known for speaking and keynote presentations at leading industry forums. Through these keynotes, he has presented alongside many other leading world figures including Jack Dorsey, Will.i.am, Hillary Clinton, Richard Branson, Meg Whitman, Bill Gates and Sir Clive Woodward.
Prior to founding the Finanser, Chris was Vice President of Marketing and Strategy for Unisys Global Financial Services and Strategy Director with NCR Financial Services. These roles sparked Chris’s specialisation in the future of financial services after he created the Global Future Forum in Unisys and the Knowledge Lab in NCR.
He studied at Loughborough University in the UK and holds a Bachelor of Science in Management Sciences alongside a Diploma in Industrial Studies. He is a Fellow of the British Computer Society, a Fellow of the Institute of Management Services, an Associate of the Chartered Insurance Institute and a Chartered Insurance Practitioner.
For years, the dominant financial firms have resisted the onslaught of technology, believing it is an evolutionary phase of development of what has gone before. It’s not. We are in the middle of a revolution that is changing the world of not just finance, but humanity. For the first time in history, everyone is connected. How does this change the future? Here’s a vision of what’s going to happen in the next ten years (and more).
Customers are changing every day as 1000s of start-up firms are using technologies to reimagine finance. Using Apps, Analytics, Artificial Intelligence (AI), Application Program Interfaces (APIs) combined with Cloud, Mobile, Blockchain and Machine Learning, a whole new world of value exchange is being created. Using these technologies, Fintech start-ups are building an Internet of Value and an Internet of Trust to support the Internet of Things, and bringing the digital customer with them. If all your customers go digital, what can a large financial institution doing to keep them? To see how the new landscape of finance and value exchange will change in the next decade, Chris Skinner will provide a deep dive insight into how the future financial world will look.
Humankind has been through three major revolutions in history and each revolution brings in a new form of trade, commerce and finance. We are in the middle of the fourth revolution – digitalisation – and are seeing another massive change to how we exchange value. What do these revolutions mean and how does it impact banking, insurance and financial services? This presentation provides the answers.
Apps, Analytics, Artificial Intelligence (AI), Application Program Interfaces (APIs) combine with Cloud, Mobile, Blockchain and Machine Learning to create a whole new world of value exchange. Using these technologies, Fintech start-ups are building an Internet of Value and an Internet of Trust to support the Internet of Things. What are the large financial institutions doing to respond or, more fundamentally, are they capable of responding? To see how the new landscape of finance and value exchange will change in the next decade, Chris Skinner will provide a deep dive insight into how the future financial world will look.
The Internet of Things is all about machines trading with machines your fridge orders groceries; your car, fuel; your television, entertainment; and so on. However, machines cannot trade with machines if it's expensive and slow. Would you really want your TV to order the next season of Games of Thrones, if the payment took ten days and cost $25 or more? Unfortunately, with the way the bank system works today, that is the problem we face today. As a result, we need an Internet of Value to work with the Internet of Things. The Internet of Value or ValueWeb, for short allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. Using a combination of technologies from mobile devices to bitcoin and the blockchain, fintech firms are building the ValueWeb. The question then is what does this mean for financial institutions, governments and citizens? This presentation provides the answers.
Everyone’s been talking fintech, fintech, fintech … but has anyone noticed that banks are waking up to this opportunity. Every bank is investing in incubators, innovators and escalators, but 2016 will see the results of those investments as banks deploy blockchain, mobile, real-time, cloud-based innovations. Some of this will result in acquisitions of upstarts but much of it will see partnering. What is the new shape of the hybrid bank and technology markets that comprise the fintech world? This speech will show the way.
Everyone’s been talking blockchain, blockchain, blockchain, and now banks are waking up to this opportunity. Every bank is investing in proof of concept trials for blockchain or joining projects and consortia related to it. 2016 will see banks deploying many blockchain-based developments, but what will they be using it for? There are dozens of areas where this technology will make an impact, and it is likely to fundamentally restructure the back office of banks. Chris Skinner will talk through the key areas emerging, and where we expect to see the quick wins and early impacts of blockchain technologies in banking.
Digital Bank focuses upon the fact that most banks were built in the last century for the physical distribution of paper in a localized network focused upon buildings and humans. Now, banks have to change their business models for the digital distribution of data in a globalized network focused upon software and servers. That is a massive challenge - turning from physical to digital - and requires a whole new business model and mentality. What is that business model and what is that mentality, or culture if you prefer. This presentation provides the answers.
There are clearly four generations of internet developments that are changing our world. This third generation – the internet of value – is a massive shift in finance and service, as money moves from bank to bank into a new direct value exchange person-to-person (P2P). The P2P exchange of value is driven by the mobile internet and recording of transactions using blockchain technologies. What does this mean for your financial institution and how do you need to change and adapt to keep up? Which new companies are developing and which, if any, should worry you if you are in incumbent bank? Chris Skinner provides a vision of 2025 and navigates the course for both start-ups and incumbents.
Banking, money, finance, insurance are all terms that are familiar, but these are terms of the last century. They no longer apply in the 21st century. Terms being used by millennials are around ideas, value, exchange, sharing. As the digital age reshapes the whole structure of commerce and trade, what will the outcome look like? How will society and technology rethink money and finance? Will banks and traditional financial firms be relevant in this new world? Chris Skinner will provide a view of the next decade of change and how it will reshape the structure of financial services globally.
As usernames and passwords are so regularly compromised, we are rapidly moving to a new form of digital identity authentication. Digital signatures and sign-ons, enabled by mobile and biometrics, are becoming standard, but where does this take us in the longer term? What will the long-term future of trade and commerce look like, and how will the digital age change us? Chris Skinner will provide a view of the next decade of change from using your DNA for secure access to exchanging an idea as payment, and reviews how all of this will reshape the structure of financial services globally.
Banks were built in the 20th century to handle the physical distribution of paper through a localised branch network; now they are being rebuilt as digital structures for the digital distribution of data through the global internet. What does this mean for the institutions, staff and organisational structure? More importantly, what does it mean for the corporate customers and consumers? And, most important, what does it mean for competition, innovation and regulation? These areas are only just being understood and therefore the launch of a market leading commentator’s book on the developments is perfect timing. Digital Bank by Chris Skinner, charts the developments of digital banking, with clear case studies and recommendations of what to do and what not to do. Based upon a career of delivering technology to banks, Mr. Skinner will provide a near-term vision of where digital banking will take us over the next decade. It’s going to be challenging, but a great ride, so come along and find out the future of your bank career at the launch of Digital Bank: Strategies to Launch or Become a Digital Bank.
Too many banks are investing in the wrong things. They have made assumptions about what customers want, where technology is going, how banking works and how all these things come together as a customer proposition. But many of these assumptions are wrong. As a result many banks will start their Digital Bank operations again from scratch in a few years, writing off millions in investments in the wrong things. This presentation will tell you the five things you need to know before you start a Digital Bank. If you know these five things, you’ll get it right. Alternatively, go ahead and waste your dollars.
In 2008, capitalism died. Or at least the model of capitalism promoted by the Anglo-Saxon West. What has replaced it? Or rather, what will? The answer can be seen from the developments of social media and NGOs (non-government organisations) who are beomcing heavyweight pressure groups for change. This group is best represented by the Occupy movement, who have already made historic and fundamental changes to the thinking of policymakers. In other words, capitalism has become social. What does that mean for your business?
You think that the world is changing and changing fast. It’s not. The world has progressed at the level of a snail so far, and the next decade will prove to be far more interesting. How will the world look in a decade? Who know … but there are ways to find out. This presentation will show you how.
We grew up thinking that money was important because capitalism ruled. We have all been proven wrong as money becomes meaningless and capitalism is broken. As the world reconstructs itself to be fit for the 2020s, everything is changing and changing fast. The biggest change is that payments have become perfunctory. No-one ever wakes up thinking ‘today I’ll make a payment, yay!’, but they do pay for things. That is also going to change, as all of the payments processing disappears into the ether. What is 2023 going to look like? How will banking have changed? What will people pay for and how? These are the big ticket questions that Chris Skinner will focus upon … and answer.
Over the next five years, there are significant changes that will take place in the way in which people bank. This is not just technology change, but fundamental change in the way your customers and the corporations who deal with them, transact and exchange commerce. These changes, many of which you will have observed already such as social lending, will create a new financial landscape where some banks will be leaders whilst others will be demoted to just being the dumb pipes that sit behind 21st century commerce. Do you want to be a leader or a dumb pipe? If the former, then you should attend this workshop by renowned strategist and blogger Chris Skinner. Chris will use the key forces of change – Political, Economic, Social and Technological – to demonstrate how the bank of the future might look and will give a number of key, actionable items for all attendees to take away and apply to their banks tomorrow.
For years, banks and industry pundits have bet that cash and bank branches will disappear, yet they are still as strong as ever. Sure, cash and branches are reducing in number, but cash in circulation is still increasing as are the number of bank branches in some countries. So is a branchless, cashless future a reality or a myth?
Over the next decade, a radical shift will take place in the role and function of banking. It's already started and it's all about BIG DATA. But it's more than that. It's to do with the value shift in society from seeing money to seeing virtual money; from seeing technology to seeing social technology; and from seeing government to seeing self-governance. These shifts have been seeded in smartphones, social networks and the global linkage of every person on the planet to wireless media, and this shift will accelerate over the next decade. What this means for banks is that they will become hybrid keepers of money and data, and anything else their customers believe to be of value. They might even be keepers of cloud secure Facebook photo albums ... why not? To see the impact of the key political, economic, social and technological forces of the next decade, Chris Skinner will bring together these themes and outline the vision for the bank of 2021.
In previous ages bankers have sometimes pecked lower in the order of society than lepers. Jesus declared their usurous ways immoral. Amazingly, from this disadvantaged position in society, bankers flourished over the past two centuries before imploding spectacularly both financially and socially in 2008. Bankers now don't even trust each other. This illuminating review of the history and future of banking and society explores why these former outcasts from high society are natural problem children and ponders whether they have a social future and, if so, what will it look like?
Since PayPal began, we have seen money being digitised. Now mobile is booming, the whole mechanism of money and customer interaction is being revolutionised. Add to this Facebook credits and other virtual currencies, and you soon realise it's not about money but it's about value. Value management in all its forms - money, knowledge, ideas, time, goods, services, trade - is the critical focus for tomorrow's institutions. And, as value becomes exchanged in all forms of virtual and physical form, money becomes meaningless. What does it mean for you?
Banks are like landmines that explode in economic terms, in a similar way in which landmines explode and blow away people in the real world. Just as landmines blow the legs away from humans, banks blow the legs off economies. It’s obviously the case that this is true today, what with the Lehmans collapse with Credit Default Swaps creating the first financial crisis; and now sovereign debt in the Eurozone is developing the second. How can such economic landmines exist in a world where we should have cleared them by now, and how can we avoid them in the future?
Regulators have a problem. The problem is that they are always following, never leading. Right now, they are shaping a new ﬁnancial market that should be robust for decades to come. Yet based upon historical extrapolation, the likelihood is that the next global ﬁnancial crisis will occur around 2045, thirty-three years from now. What is going to happen? How? Why is this the likely outcome and where will the issues occur? Chris Skinner, a leading commentator on global ﬁnancial markets, will explain.
Banks need to focus upon two numbers with huge implications for modern banking: one and 2020, as the bank of 2020 will also be the Bank of One. One person has always had the power to change the world – but in a highly social, highly networked world, that one person no longer needs to be a President or a Nobel Laureate. By way of example, Molly Katchpole was just a 22-year old college graduate working two jobs to make ends meet when Bank of America announced that they would introduce a $5 monthly fee on debit cards. She started an online protest that resulted in hundreds of thousands of people joining her within days. Result: the bank had to perform a policy U-turn. Molly Katchpole is an example of one person taking a stand through social media, and changing the policy at one of America’s largest banks. There are many others. In this presentation, Chris Skinner talks about how social media is changing banking and how the bank of 2020 will look as a result.
"Chris Skinner - one of the most authoritative voices on Fintech." - Seth Wheeler, Brookings Guest Scholar and Former Special Assistant to the President for Economic Policy at the White House
"Chris Skinner is simply one of the most brilliant minds in banking." - The Financial Brand
"Skinner's ValueWeb is a sweeping and well-researched analysis of the big technology trends that will shake the windows and rattle the walls of the industry." - Don Tapscott, Best Selling Author
"Chris Skinner captures the maturing of fintech." - Deanna Oppenheimer, Former Vice Chair, Global Retail Banking, Barclays Bank
"Global payments are ripe for disruptive innovation. Chris Skinner argues, persuasively, that the combined technologies of mobile connectivity and distributed ledgers could deliver just that disruption, for the benefits of billions of citizens." - Andrew G Haldane, Chief Economist, Bank of England
"Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read." - Lawrence Wintermeyer, CEO, Innovate Finance
"Chris Skinner describes how technology is disrupting traditional financial services by making transactions simpler and cheaper, and how banks must proactively leverage these trends to be future-ready." - Chanda Kochhar, Managing Director and Chief Executive Officer, ICICI Bank
"I can honestly say this is one of the best books that I've read on the subject matter around what constitutes banking in the present, past and future." - David Brear, Digital Banking Director, Gartner Group
"What is funny is that before we started work on New mBank we first had followed & got inspired by your insights." - Michal Panowicz, Head of the New mBank, Poland
"This is not simply a must-read book for financial services execs. It should become a discussion tool for management teams, who should be assigned to read chapters to be discussed in management meetings." - Ron Shevlin, Author of Snarketing 2.0 and Senior Analyst at Aite Group
"The Bloomberg TV team is very grateful to have had such an insightful guest in such critical times." - Producer, Bloomberg Television
"Chris knows how to entertain and educate at the same time ... I am constantly in awe of the amount of content he produces at a consistent quality through his blog." - Brett King, Author of Bank 2.0
"Just a quick note to thank you for your contribution in the last 2 days. It’s not easy to moderate a 90 minute discussion on risk and follow it up with one on Regulation. As for your presentation ... well ... that was a REAL eye-opener." - Vice President, Deutsche Bank AG
"Can I just start by SINGING my praises for Mr. Skinner. What a lovely, down-to-earth, intelligent (insert ALL adjectives that apply here) person. When I say it was a pleasure and an honour to meet such a great guy, I mean every word. He was the highlight of the Summit." - Organiser, FT Summit Dubai
"I just wanted to thank you again for coming over and doing the Futurist session for ISITC. It was very well received. In fact, in my post-event Marketing Committee meeting on Tuesday morning, it was unanimously agreed that your session was one of the highlights of the event." - Board Member, the International Securities Association for Institutional Trade Communication (ISITC)
"Thank you very much once again for your participation yesterday. Several people commented to me that your moderation style really helped bring the best out of the panellists and from what I saw I’d be inclined to agree with them. I think the moderation role is underrated by some people – it can be the difference between a great session and an average one." - Senior Conference Producer, Incisive Media (Waters)
"The audience couldn't stop raving about your presentation. You know you could be live at the O2 and get a full house!" - Partner and Head of Europe, Polaris Software Labs
"He speaks knowledgably about a wide range of topics, from social media to payments to MiFID, and is rightly an in demand speaker and chairman at conferences. He has a knack for generating passionate debate and discussion. He’s also extremely well connected in the banking sector. Few people in the industry don’t know Chris." - Gareth Lodge, Senior Analyst, Celent
"Over the many years we have worked with Chris Skinner, we have found him to have both a multi-dimensional understanding of the financial services business, as well as unique insights into what the future holds for our industry. Most of all, he is uniquely skilled in articulately painting a clear picture of the dynamics impacting our future to help other financial services executives see what's ahead for them." - President & Chief Executive Officer, BAI
"Chris is perhaps the first writer I know who successfully captures the pulse of the financial services industry not from a European or American, but from a truly global perspective." - Emmanuel Daniel, Founder and Editor-in-Chief, the Asian Banker