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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.

Matthew Phillips

Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf

Are we building the right foundations for banking innovation?

The future of banking could be closer than we think. As the industry continues to build the bridges between the financial services of today and the financial services of tomorrow, the pockets of innovation coming to the fore are impressive. From AI powered credit applications[i] to ATMs offering loan applications within five years, outputs from re...

/retail

Jonathan Westley

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

Two years later and Open Banking is putting consumers firmly in control of their finances

Two years on from the launch of Open Banking in the UK and we’ve seen a wave of innovation which has transformed the way we all manage, move and make the most of our money. Experian is behind many of the Open Banking services you see today, processing approximately 1 in 4 of the successful Open Banking API ‘calls’, when people consent to share thei...

/inclusion

Steve Wilcockson

Steve Wilcockson Technical Product Marketing at Quantexa

Financial Services Firms Must Contribute More Software Repos, to Retain Staff and Stay Relevant

I have for some time been aware of companies increasingly submitting code to open source repositories, some quite openly like the hedge funds Man AHL and Two Sigma Investments. Others have jumped on the "cool open source" bandwagon. The subject is frequently discussed on the conference circuit and blogosphere, particularly in data scienc...

/ai /devops

Retired Member

Retired Member 

The importance of design thinking for solutions providers

Recently, I hosted an event on design thinking. As part of the programme, I welcomed Alberta Soranzo, Transformation Design Director, Lloyds Banking Group, to share her expertise on the role design thinking has to play within an organisation. Alberta spoke engagingly about what it means to create a product that really delivers on the purported prop...

/devops

Retired Member

Retired Member 

Finding bad actors: how tech is helping root out financial crime

By Joseph M Quiazon, Managing Director and Head of Financial Crime Compliance, APAC, Exiger Information is the lifeblood of financial crime investigations. Financial intelligence units (FIUs) depend on access to quality information to inform an effective customer identification program, conduct investigations, build intelligence capabilities and u...

/regulation

Retired Member

Retired Member 

Collaboration: Central to building a well-connected MTO network

Collaboration is a very powerful mechanism for the success of all kinds of businesses, regardless of the industry they operate in. Making connections and forming mutually beneficial alliances is what drives business expansion and growth. The benefits of developing business partnerships are manifold. Collaborating with other companies results in ve...

/inclusion

Matthew Phillips

Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf

Personalisation: filling the expectation gap

Have you quantified the value of personalisation in your business? With decreasing loyalty to one service provider, there is no denying that the topic of personalisation is surfacing to the top of strategic conversations in almost every area of financial services. With consumers willing to pay a 16% price premium [1] for a better customer experien...

Konstantin Rabin

Konstantin Rabin Head of Marketing at Kontomatik

Should private companies be able to create currency?

Ever since Facebook’s Libra was first announced, this question has been plaguing quite a lot of lawmakers not only in the United States but all over the world. Corporations have started asking these questions to themselves as well, especially those who are large enough to have a global presence. For example, Tim Cook, the CEO of Apple was once as...

Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Being unique is not enough - how to assess the impact of a new banking solution

Repeating and improving what others have successfully done is a great and proven way to be successful when starting a new business. You're more or less sure about the relevance of the solution that you're building, and you can be innovative in your approach to some extent, but you're probably far from being unique. Automating the online demand proc...

/devops

Joris Lochy

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

IoT - Revolution or Evolution in the Financial Services Industry

1. The IoT hype We have all heard about the "Internet of Things" (IoT) as this revolutionary new technology, which will radically change our lives. But is it really such a revolution and will it really have an impact on the Financial Services Industry? To refresh our memory, the Internet of Things (IoT) refers to any object, which is able...

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