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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
Well, the short answer is some are making deep organizational changes with their sales culture, and others are only getting started. Recently, I met with a number of banking customers for pre- and po...
There has been much talk recently about how card payments will replace cash altogether in the future. I have talked previously about my opinion that the card schemes (Visa, MasterCard, Amex etc)
There was time when people used cheques, and used them a lot. Cheques once accounted for 86 percent of all non-cash payments, and were the hot new payment technology. After second World War, the Ameri...
As mentioned in my previous blog there is much that's wrong with the existing payment networks, but it is always easy to criticise what others have done and rather more difficult to provide a solutio...
Nascent adoption by financial institutions in Europe of virtual account management (VAM) technology reflects a fundamental transformation in the current model of global cash management. Whereas the tr...
“The current payment networks available to the financial institutions around the world are no longer fit for purpose.” I think that this is a statement that has been generally agreed by all those invo...
As soon as a bank places the corporate customer at the center of its delivery strategy, that bank has to follow the peculiar business dynamics that influence and shape the corporate client’s business ...
The countdown is on. The much-discussed EU General Data Protection Regulation (GDPR) will come into force in less than a year and has the Information Commissioner’s Office (ICO) on hand to dish out pu...
In the early 2000s when the internet was still young, Visa, MasterCard and the other major payment card schemes had a choice. They could create a system that made using credit/debit cards on the inter...
Blood, Sweat and Respect. First Two You Give, Last One You Earn” Dwayne Johnson Banking industry is undergoing massive transformation in multiple areas. Never in history were banks experiencing this l...
Every day, millions of people, both offline and online, do not make their desired purchases. Unfortunately, financial services is no exception. Let's try to figure out how businesses lose prospective ...
What an exciting time to work in RegTech. Up to a few years ago, many banks were mired in the depths of the financial crisis, trying to contend with regulation after regulation coming towards them a...