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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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Our annual Business Fraud Report makes for sobering reading for UK businesses and those working in the financial sector. One in five (22%) UK businesses now report that someone has previously attempted payments fraud on their business, and almost four in ten (37%) business owners who have either been a victim of payment fraud, or know a business w...
28 March 2019 /payments
Alex Kreger Founder & CEO at UXDA
Digital technology disrupts the financial industry and all bank branches could be closed by 2034. Digital disruption focuses on customer expectations and behavior, which is a game changer. We see global banking digital transformation, but it is not always customer-friendly. Why? We believe it's because of a lack of an Experience mindset. Disruptio...
26 March 2019 /people /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
We are now moving deeper into the data driven economy so it is necessary to reflect on the journey so far and what we see on the horizon. 1. First the Why. The Real Time Economy program has been focusing on improving competitiveness especially for the SME-sector from the very beginning (2006) for three reasons: 1. About 65% of turnover and employme...
11 March 2019 /ai
Bloomberg recently identified an uptick in ads for in-house compliance roles at influential fintechs. Positions at the likes of Betterment LLC, Coinbase Inc and the Wealthfront Corp started to crop up, suggesting a wider trend towards in-housing regulatory roles. Cynics might say this latest trend is simply a PR exercise, but there are other benef...
06 March 2019 /regulation
Konstantin Rabin Head of Marketing at Kontomatik
Fintech has become a big deal in South Africa in the last couple of years. A large part of the African population is unbanked (They do no use the services of traditional banking systems). Because of this, an implementation of new ways to approach these problems became relevant, that’s when the Fintech companies stepped in. Especially in South Afri...
05 March 2019 /startups
Crime never takes a holiday, it seems, but criminals can afford to take off as much time as they want – especially those involved in money-laundering. That's how profitable money laundering is, continuing to frustrate lawmakers and legitimate institutions alike. And one of the biggest money-laundering headaches for law enforcement, banks, and soci...
25 February 2019 /regulation
Shailendra Malik SVP - Tech Delivery (Enterprise Search) at DBS Bank
Since the day Deep Blue became the trailblazer in beating a human in the game of chess in 1997, the age of rising complex computing algorithms and programs started. With every year programmers identified new complex puzzles and wrote the algorithms that would work out the scenarios and potential improvisations on the go. The advent of Artificial
23 February 2019 /ai
Understanding the Options: Investment Processes vs. Operational Procedures The range of tools available in today’s market reflects the increased diversity of operations among fixed income managers. To fully understand the role that technology plays in the asset management lifecycle, it is helpful to categorize the technology functions under two un...
07 February 2019 /regulation
Patrick Bermingham CEO at Adflex
Start-ups and established companies alike are increasingly interested in the industrial internet of things (IIoT), but many are missing a trick when it comes to payments. Businesses face many challenges when designing and implementing their own IoT payments solutions, most notably serious security risks and a lack of interoperability - and just on...
17 January 2019 /security /payments
One of the biggest problems banks face today is innovating the new services and products expected by their customers. In the digital age, which is dominated by the likes of Google, Apple, Facebook and Amazon (GAFA), consumers demand convenience in all aspects of their lives, so the imperative to innovate has never been so pressing. Unfortunately f...
16 January 2019 /devops
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