The future of money, trade and finance - Chris Skinner, at USI

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Banking, money, finance, insurance are all terms that are familiar, but these are terms of the last 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 independent commentator on the financial markets through his blog the Finanser provides a view of the next decade of change and how it will reshape the structure of financial services globally.

He analyses the story of connected finance through ten phases and four big development generations. Chris Skinner gives us some input to understand why banks, companies have to go digital to not die. For some of them it’s a big deal: most of banks have been built years ago, when paper was still a technology. It’s all about re-building their own business model. His point of view is that in a few years, it won’t be a question of having money, but being part of a network to send and receive money easily.

In this talk, Chris Skinner allows us to have a better idea of this new economy and to understand the shift we are living: going from this historical financial system to programs, to physical interactions to numerical ones.