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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.

Ron Cogburn

Ron Cogburn CEO at Exela Technologies

Where to Automate Your Business To Drive The Most Innovation

"In this world there is always danger for those who are afraid of it." George Bernard Shaw This article is a reprint from my recent article for the Forbes Technology Council Innovation is often framed as a eureka moment, but really, it’s more of an iterative process based on short-term needs. I’ve seen this time and again in the world...

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David Bernard

David Bernard Managing Director, Decisioning Software at Experian

10 reasons why automation is good for financial service providers

The topic of automation is top of the minds of many businesses across the UK. In fact, Experian research shows 2 in 5 businesses plan to automate many of their current processes this year, specifically investing in advanced analytics, such as AI, to make this happen. However, this doesn’t come without challenges. Even the definition of what automa...

/cloud

Retired Member

Retired Member 

Is Your Banking User Centered? UX Cheklist and Tips to Integrate Right Away

In the digital age, in which there's an app for everything and almost everyone is able to build one, experience is what makes a difference. FinTechs are continuing their confident victory march in the monopoly once owned only by the big banks. That's why it has never before been so critical for financial product success, or even survival, to deliv...

Ron Delnevo

Ron Delnevo Chair at UK Cash Supply Alliance

Action Required NOW to Maintain Payment Choice in the UK -the Time for Talking and Debate is OVER!

I am a decisive person. I favour action over endless debate and discussion. Winston Churchill said “Meeting jaw to jaw is better than war.” BUT, certainly in the UK, we “jaw” too much and get too little done. Look at the expansion of Heathrow.... EXACTLY. When I write my book, exposing the failures of others and glorifying myself ( that’s what biog...

/payments /retail

Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Democratizing asset based lending and how banks can protect themselves from systemic market risk

In this blog we investigate the potential risks linked to democratizing asset based lending to a larger retail and SME audience. In principle, when customers lend against their (liquid) investment assets at the bank, the scoring of the credit can be done on an objective basis, based on the valuation of the assets blocked by the bank. Therefore a bi...

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Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Why lending against investments is an underexploited retail and SME market opportunity

Lending against liquid marketable assets like securities and bonds, has been around for quite some time. We could say that the Lombards who conquered Italy in the 6th century, and settled in the northern region that became known as Lombardy, invented this first form of liquid asset based lending (LABL), often referred to as Lombard lending. Nowada...

/inclusion

Tim Simon

Tim Simon CEO at Madiston plc

Why P2P Lending models are changing

Peer to Peer Lending and many other online direct lending software models are changing. We have studied different models in the online loans market for over a decade and there have been significant shifts away from lenders’ self-selecting their loans; visible loan auctions; and highly parameterised lender auto-lending tools. Why the change? Beca...

/retail

Retired Member

Retired Member 

How Element Zero’s Stability Protocol Aims to Change the Market

Ever since stablecoins appeared on the horizon as a viable solution to the many problems faced by industries attempting to integrate cryptocurrency into their work, we’ve seen some additional potential problems crop up as a result. Volatility is probably the most notable example, as it can have some serious implications for the long-term developme...

Jose Pierre

Jose Pierre CEO at Marketware International, Inc.

What’s needed for AI Enterprise Transformation

Artificial intelligence (AI) continues to be one of the most popular technologies among business executives in decades. Increased pressures on financial services organizations is driven in part by investors’ enthusiasm for digital capabilities. This has fueled the need for well-planned transformation strategies to innovate in order to enhance th...

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Retired Member

Retired Member 

Key Benefits of Robo-Advisors in Fintech

When you are investing and strive for a higher ROI, whom do you address? As a rule, you reach out to a team of wealth advisors. That means meeting regularly with those financial consultants to discuss your ventures and make adjustments to your investment portfolio. This process is time and money consuming and can be frustrating, as well. This does...

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