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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Retired Member

Retired Member 

Financial Recovery or Storm Clouds on the Horizon

Since the financial world reeled in shock at that collapse of Lehman Brothers and the subsequent fallout in the World’s financial markets the banking community has been in a mode of self preservation. Rather than lending, which generates one of the age-old assets of the banking world, banks have sought ways to preserve and protect their capital. ...

/retail /wholesale

Uri Rivner

Uri Rivner CEO and Co-Founder at Refine Intelligence

ZeusiLeaks

I don’t know about you, but I was a bit disappointed with the whole WikiLeaks thingy. I mean, come on. The build up was brilliant: you would have thought we’ll finally have irrefutable evidence that a UFO landed in Roswell, that JFK assassination was indeed a CIA ploy, and that the 1969 moon landing was a NASA concocted hoax. Instead we got a bun...

/security

Uri Rivner

Uri Rivner CEO and Co-Founder at Refine Intelligence

Carbon Copy

February saw The Big Carbon Robbery. I explained about this unorthodox cash out method here; it’s quite simple really. Every EU country has a carbon emission quota; every polluting manufacturer within that country buys carbon emission licenses in a trading platform. These licenses are expensive, and if you just steal the user name and password f...

/security

Retired Member

Retired Member 

How adopting industry best practices affects your customers

With information being available at will, the world is one’s oyster. For banks, the democratisation of information represents an opportunity to stay abreast of the world’s latest developments and absorb its best practices more easily. This is also positive from the customers’ point of view. Over the years, cross-industry learning has improved many...

/retail

Brett King

Brett King CEO & Founder at Moven

What Beatles on iTunes means for Banking...

The Beatles are arguably one of the most successful bands of all time, but their foray into the digital music space has long been frustrated. In their first week on the iTunes store, however, the Beatles amassed a staggering 2 million individual song downloads and over 450,000 in albums sales. Not bad for a band who stopped recording music 30 year...

/retail

Retired Member

Retired Member 

How do rapid innovations simplify banking customers needs?

With so many banking delivery options, channel innovation should have run out of steam or new ideas. But it’s amazing that its run is still sustaining, fuelled by new technology, consumer evolution and other market forces. What is the secret behind the success of banking technology and innovation? Simply that it passes the acid test of consumer ac...

/payments /retail

Retired Member

Retired Member 

E-invoicing in a subscription and social network economy

Investors are recognising the transformative power of subscription billing and billing using social network strategies, growing to billion dollar industries. After rumours that Paypal was to invest $16 million in Tradeshift, a few weeks later Zuora, a subscription billing provider, announced that it has received $20 million in a Series C round o...

Retired Member

Retired Member 

Payments Integration - Qualifier for cross-lane traffic

“Payments Rails" across the world were created on need basis, so specifically not considering the existing / proposed rails in parallel payment business and market. This was rational till a point where the boundaries between parallel payment methods were definable, discrete and distinguishable. Market is into a natural convergence track. Reve...

/payments /wholesale

Brett King

Brett King CEO & Founder at Moven

Don't worry, you don't need to develop an iPhone app

As of May this year, only 4% of US FDIC insured institutions in the United States had any sort of mobile play, a small subset of this group had iPhone apps, and an even smaller percentage had Android apps. We already know that mobile Internet based banking is the fastest growing interaction channel for banks today, so this level of commitment by t...

/retail

Uri Rivner

Uri Rivner CEO and Co-Founder at Refine Intelligence

Snooping on Employees?

Two years ago I wrote about Curse of the Were-Laptop, which highlighted the fact PCs are used for both personal use and work; your employees can get themselves infected outside the corporate firewall, and then just but bring the problem into the office. The good news, I said, is that it would take a while for the fraudsters to realize they’re sitt...

/security

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