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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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Thomas Pintelon Head of Strategy at Capilever
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 ...
30 June 2020 /retail /wholesale
Natalie Pavlovskaya CMO at HES Fintech
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...
23 June 2020 /inclusion /covid-19
Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian
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...
12 June 2020 /inclusion /covid-19
Breana Patel CEO | Thought leader in Bank Risk & Regulations at Bonova Advisory | Risk &Regulatory Advisory
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, ...
22 May 2020 /regulation /covid-19
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 ...
29 April 2020 /retail
Retired Member
The coronavirus pandemic has taught people to use QR codes in new and broader ways. This presents a great opportunity to shake up international payment systems with their wildly expensive commissions - and move to something better. QR codes are one of humankind’s brilliant inventions, and yet, they are still underestimated. In developed countries,...
17 April 2020 /payments /covid-19
Erik Pickett Actuary and Chief Content Officer at Club Vita
The number of Google searches for the word unprecedented has recently spiked to unprecedented levels[1]. And for good reason; the COVID-19 pandemic is unlike anything in living memory - and it is not affecting everybody in the same way. Here I set out the reasons why different socioeconomic groups could be affected very differently by the pandemic...
06 April 2020 /covid-19
Adrian Klee Partner, Digital Banking at Ross Republic
Right now it is business-as-not-usual for millions of SMEs due to the Covid-19 crisis. Their survival relies on quick and fair distribution of the emergency funds backed by the British government. That is why banks play an important role as trusted intermediaries. In order to protect the British economy from the unfolding economic shock due to the...
03 April 2020 /retail /covid-19
Daniel Fasnacht CEO&Founder at EcosystemPartners AG
In the hardest times, there is always a way to get better. With The Way Forward, I’d like to share disruptive changes that shape industries, businesses, and societies in the context of financial services. The 21 notes synthesise the findings of openness, flexibility, and customer-centricity in a digital world driven by platform business models and...
25 March 2020 /wealth /inclusion
Paul Shumsky Technology Advisor at Entrepreneur
The coronavirus is expected to fundamentally change the way customers interact with their banks, retailers and other service providers – and fintech businesses, which were built to operate in a fast-moving, digital-first economy, are particularly well-placed to meet their demands through the crisis and beyond. Since the onset of the virus, busines...
22 March 2020 /payments /retail
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