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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Alex Kreger Founder & CEO at UXDA
Some experts fear that the sharing economy will destroy a traditional capitalism with its global corporations, banks, and supply chain. For instance, Uber — a simple service to search private drivers — that practically destroyed the licensed taxi labor market and led to mass taxi drivers’ strikes in New York, Chicago, San Francisco and London. Sh
22 December 2016 /startups
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Abstract – Journey from cash only transactions to less cash and thereafter if possible moving to cashless or digital money society. This journey looks very simple in textbooks or written on blogs or papers but ground reality can be very different. Along this trip people suffer tremendous setbacks, difficulties, mental pressure, harassment, starvin...
19 December 2016 /payments
Bill Gates said that banking will always be needed, but banks as we know could easily disappear. And FinTech is all about winning changes and everyday finance improvements. In 2015 venture capitalists raised $19.1 billion USD to support FinTech revolution. With the five biggest banks controlling nearly $15 trillion in assets, FinTech’s $19.1 billi...
15 December 2016 /retail /startups
Retired Member
The Clearing House (TCH) has announced its plans for a real-time payments initiative for the U.S. The Real-Time Payments (RTP) system, scheduled to go live in April of 2017, will support the sending and receiving of credit transfers, requests, remittance advices and non-transactional messages across the network in real-time in a 24x7x365 processin...
13 December 2016 /payments
Cyberattacks and breaches have grown in frequency, and losses are on the rise. In 2015 the number of U.S. data breaches continued to break records with 781 reported where the number of records exposed was about 169 million records, according to the Identity Theft Resource Center. For a more global view, as of the first half of 2016 there were 97...
08 December 2016 /security /regulation
One solution to protecting financial data is simply to treat all data as sensitive. This would avoid the complicated work of developing and implementing complex data aggregation tools and procedures. However, this all-or-nothing approach would lead to unnecessarily large data storage requirements, especially in large firms. If a firm has global lo...
01 December 2016 /regulation
Konstantin Rabin Head of Marketing at Kontomatik
Money is not the only thing banks store in their premises. The other valuables are counted in bytes — or even petabytes, i.e. client data. Everything about customers, from their personal information to incomes, spending, shopping habits, their investments, insurances and so on, is kept in bank databases. And banks are not willing to share these re...
29 November 2016 /retail
User Experience (UX) in banking is about human feelings, impressions and behaviours while using banking digital interfaces. For my UXDA agency the aim of banking UX engineering is to create financial services that matches users’ needs with banking capabilities and are easy and pleasant to use. So, let’s outline some general Do’s and Don’t’s in ban...
Michael Carter CEO at BizEquity
The consequences for under-insured businesses are one of the most series issues that business owners face today. The value of insurance and a company’s chosen policies become truly apparent when a crisis hits and the potential survival of the business rests on the imperative to continue ‘business as usual’, recover and bounce back quickly. For th...
22 November 2016
Graham Seel Principal Consultant at BankTech Consulting
Because of increasing competition, and low interest rates, net interest income is going down. This isn’t what our shareholders and members want. But what can we do about it? In a previous post, I listed a number of significant challenges and opportunities for community banks. In this, and following posts, I will dig a bit deeper into innovative ap...
09 November 2016 /retail
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