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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.

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

Monetization of a marketplace in the financial industry - Make your idea profitable!

Marketplaces are on the rise! A digital marketplace is an online platform, where different third-parties connect and supply and demand can be matched. This supply/demand can be a specific product or service, but can also facilitate a full customer journey, by matching products and services of multiple vendors for each step of the journey (e.g. a c...

/startups /markets

Anthony Walton

Anthony Walton CEO at Iliad Solutions

The Testing Challenge: Time

Accurate testing of systems and data processing software is critical to business success. Whether it’s a major twice-yearly waterfall software release or this month’s agile update, bug-free systems are critical. News travels fast when something goes wrong, and if it does you must act fast to minimize reputational damage and keep costs down. Everyo...

/payments /devops

Jamie Nascimento

Jamie Nascimento Chief Commercial Officer at LemonTree Software

Now is the time to bring your business idea to life

Words: 1,077 - 3 minute read. It may not seem like a sensible idea to be launching a business during a global pandemic, but if you get the fundamentals right, you can reap the rewards. There’s a global pandemic affecting the way we live and work. Economists predict a recession like nothing we’ve seen in our lifetime. It may not seem like the bes...

/people /startups

Retired Member

Retired Member 

Digitalize-or-Die Crossroads for Asset Servicing: Closing the Client and Investor Experience Gap

The Asset Servicing (AS) industry is an essential but often overlooked component of global financial markets. Yet, while transfer agents and fund administrators are critical to the smooth running of middle- and back-office operations for many Asset Management firms, the sector is at a ‘change or die’ crossroads in its evolution. The current state ...

/regulation /covid-19

Steve Morgan

Steve Morgan Banking Industry Market Lead at Pegasystems

Why Capacity and Capability are Banks’ Best Friends Right Now

COVID-19 scattered workforces and business operations virtually overnight. At the same time, the impact of the pandemic has accelerated digital sales and service demand in ways that suggest permanent change. This trend is confirmed by McKinsey which noted that remote advisory channels may be finally coming of age, potentially meaning that up to 35...

/people /covid-19

Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Credit origination - A lot of innovation on the horizon

While consumer credits are becoming more automated and user-friendly to request, all other credits are often still very manual and labor intensive to originate. In this (relatively long) blog I will try to give a description of the (potentially many) different steps in a credit origination process and how they can be innovated. I will describe the ...

/retail /wholesale

Natalie Pavlovskaya

Natalie Pavlovskaya CMO at HES Fintech

The Lockdown Effect: Increased Lending Software Demand

Financial institutions are facing a gap between traditional and tech-focused models caused by insufficient attention being devoted to digital transformation. According to Oliver Wyman, banks today confront a challenge: creating the business of the future from the legacy they have today. For instance, the launch of a Paycheck Protection Program (PP...

/inclusion /covid-19

Jonathan Westley

Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian

Data-driven innovation can help us avoid the mistakes of 2008

The long-term economic effect of the Covid-19 pandemic is still largely unknown, but it’s likely to make an impact like nothing we’ve seen since the Second World War. With a few nations emerging from the lockdown and only now starting to get back on their feet, there is still no certainty about when – and how – the economy will recover. The IMF pr...

/inclusion /covid-19

Breana Patel

Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory

Covid 19 and Future of Regtech

The use of specialized tech to help financial institutions meet heightened regulatory requirements — a.k.a. regtech — is poised to continue taking off this year. Given the uncertainty surrounding COVID-19, the rate of adaptation is, like much else, unclear. Institutions may have to scramble while focusing on the immediate fallout of the pandemic, ...

/regulation /covid-19

Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Living a debt-free life - Utopia or realistic aspiration?

Recent surveys indicate that the biggest aspiration of millennials today is not to buy a house or to get married, but to become debt-free (e.g. Business Insider, New York Life, ...). In the US and UK, many young adults are struggling with enormous student loans, but even in countries where studying is cheaper similar echoes are heard. Millennials ...

/retail

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