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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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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
Retired Member
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
Daniel Fasnacht CEO&Founder at EcosystemPartners AG
With agile entrepreneurs from Asia, exporting their digital business models to the rest of the world, Western banks will soon face fierce competition. We expect large, traditional firms to fall behind if they do not embrace digital innovations and watch out for competitor’s, especially from China. Any firm that wants to be a competitive provider o...
15 January 2019 /inclusion
Late last year, I compiled the payments trends which emanated from the SIBOS 2018 conference and which were shared across the Twittersphere by industry experts and colleagues alike. With the Christmas holidays, and 2018 for that matter, now something of a distant memory, below I reveal the 19 for 2019. APIs In an industry that loves three-letter ...
10 January 2019 /payments
The management of corporate actions is an old problem. It is, however, still a major challenge and an area of significant risk for many wealth managers who have not invested in automation. Historically, the cost has been the issue. The high cost of systems to automate corporate action processing made them economically unsustainable for medium and
17 December 2018 /inclusion
Rik Coeckelbergs Independent Advisor, Opinion Maker and Consultant at The Banking Scene
As a result of my blog a few weeks ago, I had the honor to talk to a group of journalists about the myths that still exist on contactless cards and mobile payment technologies. The goal was to debunk these myths for better informed consumers on this matter. Only 4% of all Belgian card transactions are contactless. today This is very low compared to...
01 December 2018
Next year, several key events will occur in the digital money market that can seriously affect the situation in the industry. In 2018, the cost of cryptocurrency is continuously decreasing. Bitcoin has already fallen in price by 80% from $20,000 to $4,000. The total capitalization of the blockchain industry has decreased by 84%: it was $830 billion...
30 November 2018 /inclusion
There are many synergies with the Formula-E concept and the financial markets. Both operate in a fast-moving market and parallels can be drawn between between drivers and traders; both are in some way high-speed pilots. Traders seek efficiencies and high performance in trying to generate alpha, looking for the ultimate advantage to make the differ...
28 November 2018
Anna Kuzmina Expert at Fintech
Money2020 is one of the most prominent fintech conferences in the world. Known for its wild parties in Las Vegas, it added events in Europe (Amsterdam and Copenhagen) in 2016, and this year opened up new locations — Singapore, and — wait for it… China. Hangzhou, home of Ant Financial (Alipay), no introduction needed, and Lianlianpay, that was a
22 November 2018 /payments
Anuj Kumar UK Financial Service Strategy Lead at SAP UK
The modern workplace is undergoing tremendous change. In what is being referred to as the Fourth Industrial Revolution, automation is quickly replacing jobs involving repetitive tasks. According to McKinsey, "in about 60 percent of occupations, at least one-third of the constituent activities could be automated, implying substantial workplace...
20 November 2018
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