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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Jean-Stephane Gourevitch

Jean-Stephane Gourevitch CEO at Mobile Convergence Ecosystems Ltd.

Autopsy of a disaster: Thoughts on the Equifax debacle

The Equifax debacle demonstrate the danger lurking into a very outdated, non-customer friendly and absolutely not transparent approach to data. The market is sanctioning Equifax before the regulators hopefully do the same in Europe at least and the consumers launch legal actions possibly class actions as it is now possible in the EU. That such a ...

/regulation

Retired Member

Retired Member 

The IoT and Rural Banking in India

Can IoT transform last mile delivery of financial services to rural India? While rural banking in India is heavily reliant on channel partners and distribution networks, an emphasis on digitizing and automating would give rise to greater cost efficiencies, as well as increased banking transparency and accountability. The Internet of Things (IoT) c...

/inclusion

Kunal Patel

Kunal Patel Product Manager at 1E

Innovation Labs, Hackathons and Accelerators - Fad or Fab?

There has been a tremendous amount of debate as to whether innovation labs, hackathons or accelerators are indeed a success or just another way to garner public attention. The FinTech world has been awash with a lot of hype over the last 3-4 years but those working at a product/solution level see things very differently. As someone who is heavily ...

/retail

Retired Member

Retired Member 

No collaboration, No action

Whilst the world is getting smaller the workplace is getting bigger. Teams are global and offices are virtual. True collaboration has never been more crucial. Specifically in trading, effective and efficient collaboration can be the difference between make or break, the stakes are insanely high, huge sums of money rest on traders being able to make...

Janne Jutila

Janne Jutila Head of Business Alliances at Signicat AS

Estcoin should happen

If you have interest in Estcoin and crypto currencies, please check my latest blog on https://www.linkedin.com/pulse/estcoin-should-happen-janne-jutila/?published=t #estcoin #eResidency Happy to engage in further activity to speed up the launch 21st century money. Janne Jutila

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Ten Years of iPhone Success: What Could Banks Learn From Nokia’s Fall?

This year, Apple celebrates ten years since the iPhone launch. We can all agree that it changed the world in which we live. But, ten years ago, just a few months after the presentation of the iPhone, Forbes appeared with the title on the cover: "Nokia. One billion customers - can anyone catch the cell phone king?" Nobody was expecting wh...

/retail /markets

Retired Member

Retired Member 

Banking on machine learning

New customer channels are changing the face of traditional banks and disrupting existing banking models. Rising mobile penetration has transformed the way consumers bank. Previously, routine tasks like getting a new checkbook, transferring money, viewing account balances, etc., required multiple visits to physical bank branches. Today, all of this...

/payments

Retired Member

Retired Member 

The Digital Age of Insurance: Big Data Gets Bigger

When you hear the word ‘tech’, it is unlikely your first thought would be ‘insurance.’ Yet over the last 12 months, the insurance industry has adopted the term ‘insurtech’ with gusto, bringing with it a new sense of potential, and perhaps even more importantly, an upsurge in funding. Investment in insurtech companies has sky-rocketed, with £218 m...

Balazs Fejes

Balazs Fejes President Europe and APAC at EPAM Systems

Sci-Fi Realities: Embracing Quantum Computing’s Imminent Role

Something that was once considered science fiction is becoming a reality and, in turn, a monumental technology disruption. It’s no surprise that as the amount of data processed, analyzed and stored increases, so too will the need for more advanced computing. At their core, quantum computers are exceptional at solving many of the complex challenges ...

/security

Tayo Abinusawa

Tayo Abinusawa Director at WeAccelerate Ltd

The Future of Client Onboarding

Many of the largest financial institutions (banks, wealth and asset managers, insurance firms) in the world are currently investing a lot of money into their onboarding processes. Apart from wanting to avoid compliance issues due to new regulatory requirements (i.e. eIDAS, PSD2, GDPR) or meeting their fiduciary responsibilities, they also see the ...

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