Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
Community banks and Credit Unions buy most of their technology from the core banking system providers. So they aren’t terribly excited about buying directly from a FinTech. There are four main core sy...
It is well known that financial criminals are adept at finding the weakest link in a bank’s, or the banking systems, defence to attack. They can often do this by avoiding the immediate defensive measu...
It struck me today that a brief history of booking and paying for taxis provides quite a nice illustration of what’s happened to payments over the past 20 years or so. Here’s my experience. Evolution ...
At first blush, you might think the kind of Artificial Intelligence applications that are deployed in industrial contexts would have nothing to do with financial services. Whether we’re talking manufa...
Are you sure you want to do this? Richa, my wife asked as I shared my idea to undertake an experiment in which I will stop using cash and instead use only digital forms of payment. Colleagues said goi...
Do you ever have to read brochures that are nearly unreadable? Brochures that push the superlative functionality, the embroidered success story, the many advantages and sparse disadvantages, the reaso...
Digital transformation of marketing channels has brought a change in consumer expectations. Going digital calls for revised culture and process of work. Industries across sectors are reaping the benef...
The Internet of Things (IoT) is changing everything, particularly in the workplace. It represents a significant shift in how businesses develop new services and products, and in terms of how new techn...
In the last century, banks faced two major crises, which resulted in economy collapses, bankruptcies, new regulations and a more secure environment. In 1929, just before the Great Depression, the ba
Google Company — now renamed to Alphabet — started as an academic project on Stanford University exactly 20 years ago. After these two decades Larry Page and Sergey Brin, the students, who developed
Transaction banking generates lucrative and stable annuity revenues that are highly profitably at scale. For this reason numerous new non-bank entrants ranging from payment institutions (PI), payment ...
There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had al...