12 December 2013
What it takes to become a Digital Bank’
Background:To end the year, we are delighted to invite you to hear Chris Skinner, Chairman of the Financial Services Club, as he presents the main themes from his new book Digital Bank.
The book tracks the innovations in banking and how the mobile internet is changing the dynamics of consumer and corporate relationships with their banks. The implication is that banks must become digitised, and that is a challenge as becoming a Digital Bank demands new services focused upon 21st century technologies. The challenge is that most bank systems are stuck in the last century. None of this is easy, and changing the bank’s core systems to become a truly Digital Bank is the hardest challenge of all. This is because the reinvention of last century technologies to new platforms with total reliability, security and resilience, is a stretch for everyone.
Digital Bank not only includes extensive guidance and background on the digital revolution in banking, but also in-depth analysis of the activities of incumbent banks such as Barclays in the UK and mBank in Poland, as well as new start-ups such as Metro Bank and disruptive new models of banking such as FIDOR Bank in Germany. Add on to these a comprehensive sprinkling of completely new models of finance, such as Zopa and Bitcoin, and you can see that this book is a must-have for anyone involved in the future of business, commerce and banking.
Chris Skinner is best known as an independent commentator on the financial markets through the Finanser (www.thefinanser.com) and Chair of the European networking forum the Financial Services Club, which he founded in 2004. He is the author of nine books covering everything from European regulations in banking through the credit crisis to the future of banking and is a regular commentator on BBC News, Sky News and Bloomberg about banking issues. More can be discovered about Chris here: http://thefinanser.co.uk/fsclub/chris-skinner/