Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Joris Lochy Product Manager at Intix | Co-founder at Capilever
Historically banks have been hesitant to adopt open source software (i.e. software where source code is shared and made freely available). With traditional vendors like IBM, TIBCO, Oracle… strongly positioned in this industry, the move to open source has been slow. In recent years, forced by a rapidly changing business, banks are transforming the...
27 January 2020
Retired Member
Prior to 2018, regulators resisted recommending the use of Machine Learning (ML) based Artificial Intelligence (AI) for AML compliance. There was a mindset shift in mid 2018 indicating that proceeding with caution in implementing AI approaches for AML is appropriate. Regulators realize the adoption of recent innovation, such as the use of AI-ML an...
25 January 2020 /ai /regulation
Matthew Phillips Head of Banking, UK and Ireland at Diebold Nixdorf
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...
21 January 2020 /retail
Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian
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...
15 January 2020 /inclusion
Steve Wilcockson Technical Product Marketing at Quantexa
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...
11 January 2020 /ai /devops
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...
25 November 2019 /devops
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...
31 October 2019 /regulation
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...
30 October 2019 /inclusion
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...
29 October 2019
Konstantin Rabin Head of Marketing at Kontomatik
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...
28 October 2019
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