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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.

Chris Brown

Chris Brown CTO at Trusek

The current payment networks are no longer fit for purpose.

“The current payment networks available to the financial institutions around the world are no longer fit for purpose.” I think that this is a statement that has been generally agreed by all those involved but let’s go through them just to be clear: As discussed in a previous blog, the card networks are expensive to join, expensive to transact on,...

/security /payments

Enrico Camerinelli

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

Supply Chain Collaboration: Why Banks Should Care

As soon as a bank places the corporate customer at the center of its delivery strategy, that bank has to follow the peculiar business dynamics that influence and shape the corporate client’s business decisions. Almost any business decision has an impact on the supply chain, and in a globalized world, supply chain collaboration is one of the most h...

Retired Member

Retired Member 

GDPR: The catalyst for digital transformation

The countdown is on. The much-discussed EU General Data Protection Regulation (GDPR) will come into force in less than a year and has the Information Commissioner’s Office (ICO) on hand to dish out punitive fines for non-compliance. Most conversations about the issue have been security-focused and riddled with consternation. It seems not a day goe...

/regulation

Chris Brown

Chris Brown CTO at Trusek

Will cards disappear before cash?

In the early 2000s when the internet was still young, Visa, MasterCard and the other major payment card schemes had a choice. They could create a system that made using credit/debit cards on the internet safe, or they could rely on the unguessability of the card number. As we all know: they chose the latter. In 2004, with online fraud becoming a...

/security /payments

Sameer Singh Jaini

Sameer Singh Jaini CEO at www.TheDigitalFifth.com

Digital Transformation : Blood, Sweat and Respect

Blood, Sweat and Respect. First Two You Give, Last One You Earn” Dwayne Johnson Banking industry is undergoing massive transformation in multiple areas. Never in history were banks experiencing this level of change. Each of these transformations have a journey from conceptualisation to execution to support. Digital transformations currently in prog...

/retail

Alex Kreger

Alex Kreger Founder & CEO at UXDA

User Experience Design and Behaviour Psychology Can Grow FinTech and Banking Products Sales

Every day, millions of people, both offline and online, do not make their desired purchases. Unfortunately, financial services is no exception. Let's try to figure out how businesses lose prospective customers who are willing and ready to pay for goods and services and how you can prevent this to grow your sales. Many years ago, I drastically ch...

/retail /devops

Fiona McLoughlin

Fiona McLoughlin VP Marketing at Fenergo

The Path to Client Lifecycle Transformation is Paved with RegTech

What an exciting time to work in RegTech. Up to a few years ago, many banks were mired in the depths of the financial crisis, trying to contend with regulation after regulation coming towards them at lightening speeds. I read a scary stat recently which claims that the volume of regulatory change has increased by a staggering 492% from 2008 to 2...

/regulation

Retired Member

Retired Member 

Escrow Payment Services a boon to B2B Market Place

B2B Market Place With the advent of new technology and sky rocketing business needs B2B market place is gaining momentum like never before. It’s been predicted by industrialist and experts, that by 2020 India’s B2B industry will be worth of RS.45crore. B2B market place governance model and regulation is in tremendous upward trend since the users ar...

/payments

Retired Member

Retired Member 

MDM vs. MAM: Is Managing Apps or Devices Right for Your Business?

Comparing different approaches with advice on how to find the right mobile strategy The assumption that Mobile Device Management (MDM) is the same as Mobile Application Management (MAM) is a popular misconception. In simple terms, MDM is about control of devices like smartphones and tablets, whereas MAM is focused on specific corporate application...

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