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Christoffer Hernæs

Advisor and investor
Hernæs Consulting
Member since
07 Sep 2016
Location
Norway
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2
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6
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Followed by John Sims, Martha Boyle and 5 others you follow
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Christoffer's opinions

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Christoffer Hernæs

Is bank account portability a viable route for increased competition in the banking industry?

One of the recurring topics for increased competition in the banking sector is account number portability. Just like number portability evened the playing field between consumers and service providers in the telco industry, is it possible to achieve the same in the banking industry? Even though the number of consumers that have reportedly switche

13 September 2021 /retail

Christoffer Hernæs

Seven trends shaping the future of payments

It has been a decade since I first embarked on my journey down the payments rabbit hole. Since then, the predicted disruption of payments as we know it has proven to be more of an evolution than a revolution. With that in mind, even though there have been massive shifts in the payments space, the most exciting times are yet to come. Here are seve

06 September 2021 /payments Payments strategies 2015-2020-2030

Christoffer Hernæs

If developers are the new rock stars, APIs are their instruments

Last week we announced that Skandiabanken will be supporting digital currencies by integrating to Coinbase and exposing the account balance held at Coinbase. The real innovation really has little to do with bitcoin and digital currencies, but rather a representation of the way open banking will shape new products development and customer experienc...

24 May 2017

Christoffer Hernæs

Banks must become open platforms

It is close to impossible to predict how the future of financial services will look like in ten years. However, some scenarios are starting to stand out as inevitable. One of those is the concept of the bank as an open platform. Gartner predicted this outcome three years ago and stated that by 2016, 75 percent of the top 50 banks in the world will ...

12 October 2016 /retail

Christoffer Hernæs

PSD2 - opportunities, threats and strategic options for banks

PSD2 will force banks to open up their infrastructure to third parties by offering APIs under the XS2A (access to account) rule. The directive has the potential to fundamentally alter the payment landscape as we know it. One of the reasons why PSD2 will have such a large impact is that it will level the playing field and increase competition by in...

15 September 2016 /regulation

Christoffer Hernæs

Are challenger banks a challenge for incumbent banks?

Earlier this year, I was part of the panel discussion on the role of challenger banks at the European Fintech Awards, and one of the main questions was whether the challenger banks were to lead to a revolution or if they are merely digital lipstick. First let’s review some highlights in the rise of the challenger banks. As the dust settled on the ...

14 September 2016 /retail

Christoffer writes about

  • payments
  • regulation & compliance
  • retail banking

Christoffer's opinion archive

  • 2021 (2)
  • 2017 (1)
  • 2016 (2)

Christoffer reads

  • hernaes.com

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