Profile

Location

Copenhagen K

Member since

2016

Reads

Norfico The Tokenizer

Writes about

Payments Retail banking

Kristian T.'s blog archive

2021 (1)

Kristian T. Sørensen

Founding Partner at Norfico

Message Posts: 1 Comments: 5

Bio Kristian is the co-founder of Norfico and an acknowledged fintech thought leader and a frequent speaker at conferences worldwide.

Blogs

Banking Strategy, Digital and Transformation

Is it time for the Nordics to learn payments innovation from India?

19 Jan 2021

India has completely renewed its digital payments infrastructure and created a model which the rest of the world - including the Nordic - could and should learn from when designing the payment services for the future. The Nordic countries are the most digitised in the world. This has put the Nordic countries in a first-mover position especially whe...

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Kristian T. is Commenting on

LIVE @ NextGen Nordics: CBDC's & digital currencies - Transforming the payments landscape

Spot on analysis by Ville. I like that he is not getting carried away by all the things that could happen and focus on what is known and what is not.

03 May 2022 Reply Read article

BNP Paribas rolls out A2A instant payments for e-commerce merchants

That is really interesting news - but what about consumer protection? Charge-back rights etc? The merchant insentive is clear, but what's in it for consumers?

09 Mar 2021 Reply Read article

BNP Paribas launches WeChat Pay in Europe

When I saw the headline, I thought "Now it starts!" as I understood it as a real launch also toward consumers and not "just" the acceptance side of things. That the acceptance of these Chinese payment giants is being extended is still big news for the European payment scene. I will keep looking forward to the day when AliPay or WeChat pay becomes available to European consumers. Any thoughts from the rest of you? When do you think this will happen?

08 Nov 2017 Reply Read article

Monzo pays a high price for popularity as losses widen to £6.7 million

While I sincerely wish Monzo and all (well most) of the other challenger and neo banks the very best, the article really highlights the biggest challenge for the challengers - the search for revenue. As the previous commenter pointed out, it is next to impossible to make money offering current accounts and basic payment services - not only in the UK, but across all of Europe. I could fear that these banks end up like the MVNOs of the telco industry. They serve a purpose of challenging services and prices of the incumbents, but the minute they start to pose any real threat they will be bought by the very incumbents they set out to challenge. To be a real disrupter in banking, you also need to disrupt the fundamental business model - and we have yet to see a good and viable solution for that.

05 Jul 2017 Reply Read article