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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.

Jeremy Light

Jeremy Light Co-founder at Fourdotzero

Valuing Bitcoin and Cryptocurrencies

A key measure of the size of the Bitcoin network is the hash rate*, the combined computing power of the miners operating the network. If the value of a network is dependent on its size, we should expect a correlation between Bitcoin's market capitalisation (the total number of bitcoins in existence x the price) and its hash rate, and for this to h...

/payments

Enrico Camerinelli

Enrico Camerinelli Supply Chain Blockchain Personal Coach at Aite Group

Blockchain in Italy: Corporate Use Cases

While the blockchain theme in Italy is spreading across a growing number of events and publications, there are vast pockets of business entities- from small to large- that still totally ignore it. For these companies a continuous activity of information and diffusion remains necessary. There are- on the other side- fewer companies that have unders...

Charmaine Oak

Charmaine Oak Co-Founder/Director at Shift Thought Ltd

Apple Pay Cash and the matter of trust

Over more than a decade now we have seen the launch of mobile wallets and prepaid cards, the high hopes for them and an often lukewarm response from the customer, followed by a phased withdrawal. I have myself been involved in a number of launches, in roles at many different parts of the payments, banking and money transfer ecosystem. There have b...

/payments

Freddie McMahon

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

CHATBOTS UNDER-HYPE: THE NEW FRONTIER TO SIMPLIFY COMPLEX KNOWLEDGE PART 2

Just as a reminder, Complex Knowledge is any combination of regulatory, statutory, legal, tax, tariff, policy and procedure matter, which is primarily found within documents. USE CASE: HOUSEHOLDER PLANNING PERMISSION Setting the scene The understandings from this particular use case are universal in terms of Complex Knowledge. The initial sce...

/ai /regulation

Henry Hilska

Henry Hilska Managing Principal at Convexity Solutions

Could Blockchain Transform the Direct Selling of Insurance and Annuity Products

It is hard to avoid hearing about Bitcoin these days as mention of the meteoric rise in value of the crypto-currency has become so prevalent in both the traditional and social media. What is less prevalent, but what should ultimately have a greater impact overall is the technology that underpins this phenomenon, namely Blockchain. Despite some ...

/retail

Priya Lakshmi

Priya Lakshmi Digital Leader at Own

Un-’block’ your business 1.0: Blockchain and Crowdsourcing- A marriage made in heaven

The rise of the gig economy has given rise to many marketplaces and businesses – eBay, Uber, AirBnB and the like that support this shared services economy. Uber and AirBnB disrupted the current business models of hotels and taxis but it is not too far away that technology like Blockchain can disrupt this very model and put the control back in the ...

Linda Zaikovska-Daukste

Linda Zaikovska-Daukste Co-founder | COO | CFO at UXDA

How Blockchain, Chatbots and AI Could Affect Banking UX Design in 2018

Finance has always been quite conservative but it hasn’t missed out on technological progress. Now banks are separating from their customers due to technological progress. According to the research, 40% of American bank customers don’t visit banking offices for six months or more. The number of local bank branches decreased by almost 50% between 1...

Freddie McMahon

Freddie McMahon Director Strategy and Innovation at DF2020 Ltd

CHATBOTS OVER-HYPE: UNDERSTANDING THE CONSTRAINTS OF NATURAL LANGUAGE PROCESSING

As covered previously, Chatbot Natural Language Processing (NLP) is not underpinned by Artificial Intelligence that is a Singularity, all knowing, god like. Once this is obviously clear then it is important to understand NLP constraints and limitations. The science behind NLP is to take a free-form text or voice utterance, which is a form of B...

/ai /regulation

Retired Member

Retired Member 

2018 Looms Large. What Does The Future Hold for Lenders?

A New Game Awaits Digital fluency and a thirst for convenience are making the UK’s borrowers more capricious and cost-sensitive than ever. Interest rate rises, and new regulations will add fuel to this fire next year, and lenders that can’t keep up will get burned. 1) Lowest price wins In the digitised age of credit price comparison sites,

/retail /inclusion

Priya Lakshmi

Priya Lakshmi Digital Leader at Own

Un-’block’ your business 1.0: Is KYC a Blockchain use case or do we need more?

Blockchain is very exciting for many and offers tremendous opportunities to make processes more efficient, create new markets and change existing market infrastructure. A lot of people are also joining the bandwagon because it is complex, difficult to understand (oh well, its building blocks are game theory (consensus based), cryptography and peer...

/ai

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