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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
While we have seen phenomenal growth in the BNPL (Buy Now Pay Later) segment in recent past, and I have already done a post on BNPL stating how the product is digital native, helping to expand the market and improve conversions for merchants too. So, while we have BNPL, my take is why not also have PNBL – Pay Now Buy Later. While BNPL is Lending &#...
10 September 2021 /payments /sustainable
Garima Chaudhary Head of Fin. Crime Solution Consulting at Oracle
The current financial crime compliance management efforts are based on a combination of automated but static analysis of a pre-determined set of risk factors, together with human judgement. Legacy systems are updated with new algorithms and manually inputted information, generating matrixes for risk interpretation and action, but these very rarely...
08 September 2021 /regulation /crime
Retired Member
Introduction The eager and rapid adoption of artificial intelligence (A.I.) by financial institutions (F.I.s) may surprise those outside this otherwise cautious industry. However, the industry consensus is clear that intelligent technologies such as A.I. are major factors in the race to differentiate and establish market share. For example, a surv...
01 September 2021 /regulation /crime
Sunil Jhamb Founder and CEO at WLPayments
Regarding online payments, customers are always looking for quick and convenient ways to pay for their purchases. After all, our daily interactions with technology have prompted us to expect a seamless experience with instantaneous availability and an easy-to-use interface in the realm of digital payments as well. This makes technological innovati...
09 August 2021 /payments /markets
With so much happening in Fintech regulators have a challenge at hand. We have in recent past seen many regulatory actions in India and am sure there are many taking place globally too. Highlighting some as below: - - Curbs on UPI driven lending innovations like Bullet, Lazypay etc. as regulators felt they are more like Overdrafts rather than pa...
28 July 2021 /regulation
Paul Shumsky Technology Advisor at Entrepreneur
If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a huge effort. By inte...
13 July 2021 /payments /markets
Shaju Nair Payments SME, Product Manager at Temenos
Just about a decade ago, banks worried about fintechs taking away 'some' of their businesses. Some years ago, banks worried about cryptocurrencies taking away 'more' of their businesses. Today banks need to worry if central banks would take away 'most' of their businesses. Welcome to CBDC (Central Bank Digital Currencies) - the dragon Dracarys of ...
13 June 2021 /payments /crypto
Thomas Pintelon Head of Strategy at Capilever
Under increasing pressure from disruptive Fintechs and changing customer expectations, the banking landscape has drastically changed. Over the past 5 years, banking has been transformed from a risk-averse, very conservative sector to one of the fastest moving and innovating sectors in the world. Such innovation can be found anywhere in banking, ma...
01 June 2021 /wealth /retail
James Wooster COO at Glue42
Regardless of whether you are a trader or a portfolio manager, the user journey in Financial Services is, to date, a tale of disparate technologies, inconsistent ergonomics, and poorly optimized workflows. Financial institutions constantly innovate and introduce new applications, thus placing a significant cognitive demand on the end user. While a...
08 April 2021 /wealth /devops
Joris Lochy Product Manager at Intix | Co-founder at Capilever
Having a true "blue" (introvert and analytical) personality type, I often feel envy towards charismatic (often extravert) entrepreneurs and more specifically the ease with which they can setup new businesses and coordinate different activities. At the same time, it amazes me how many of those successful entrepreneurs have poor skills in f...
05 April 2021 /startups
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