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Chris Skinner

Banking On The Edge

Books: ValueWeb

ValueWeb

PRICE: $39.99
AUTHOR: Chris Skinner
HARDCOVER – MARCH 7, 2016

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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 Game of Thrones, if the payment took ten days and cost $25 or more to process? Unfortunately with the four-pillar card scheme model and the SWIFT counterparty bank system, 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 and the bitcoin blockchain, fintech firms are building the ValueWeb. The question then is what this means for financial institutions, governments and citizens? This book provides the answers.

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BOOK ENDORSEMENTS

SETH WHEELER

BROOKINGS GUEST SCHOLAR AND FORMER SPECIAL ASSISTANT TO THE PRESIDENT FOR ECONOMIC POLICY AT THE WHITE HOUSE
“Chris Skinner – one of the most authoritative voices on Fintech anywhere – has provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world. Ignore these trends and the insights here at your peril.”

SIR ROGER GIFFORD

FORMER LORD MAYOR OF LONDON AND CEO SEB UK
‘’Society is in the early stages of another financial revolution – one that is already changing the way we live and work. This book describes the fundamentals driving the processes at play, and will be an invaluable read for all interested in the way business works.’’

LAWRENCE WINTERMEYER

CEO, INNOVATE FINANCE
“Best insight into money in the 3rd industrial revolution, aka the digital revolution, you will read.”

DEANNA OPPENHEIMER

FORMER VICE CHAIR, GLOBAL RETAIL BANKING, BARCLAYS BANK
“Chris Skinner captures the maturing of fintech in his book, ValueWeb. Not only does he define many of the fintech buzz words from Blockchain to Value System Integrators, he gives real examples of practical application of the concepts. It’s not surprising that he calls for innovation in traditional banking and points out the dead giveaway of anyone trying to fake it as a digital bank: First, you don’t need a cross-channel organisation in a truly digital bank, and second, you never mention channel or omnichannel in a digital bank. He sums up what those enlightened in managing change have known all along, it all comes down to leadership. And that’s my favourited part of this book, the leaders he profiles along the way.”

CHANDA KOCHHAR

MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, ICICI BANK
“In ValueWeb, Chris Skinner has brought to bear his long experience in financial services and technology to create a fascinating and comprehensive overview of the blurring of boundaries between them. The book 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.”

DAVID BIRCH

DIRECTOR, CONSULT HYPERION
“Chris has a great eye for the case studies and practical examples of innovation that help you to really reflect on where banking is going.”

JIM MAROUS

THE FINANCIAL BRAND/DIGITAL BANKING REPORT
“A great follow-up to his best-seller Digital Bank, Chris Skinner provides an in-depth look at the exchange of value in an evolving digital universe. Through case studies, interviews and personal observations, Chris explains how the world is moving away from traditional currencies towards a ValueWeb’. This is another must-read, not only for those interested in the world of Fintech, but anyone wanting to get a glimpse of a future where monetary and non-monetary transfers occur instantaneously across mobile and digital networks.”

DAVID M. BREAR

CHIEF THINKER, THINK DIFFERENT GROUP
“If I could only call one person when the FinTech apocalypse happens, Chris Skinner would be the person I would call. His huge depth of knowledge, coupled with his ability to summarise complex subjects into memorable and simple to understand chapters for this book, make it a must read for any bank wanting to know which way to dig.”