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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.

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

Innovation Basics for Community Banks and Credit Unions

“We must innovate!” Are you sick of hearing this yet? Are you focused on revenue growth, expense management and the increasing burden of regulatory compliance? If so, innovation may be the furthest thing from your mind. And yet the plaintive refrain continues, and it has merit. Why Innovate? Not because everyone else is doing it, that’s for sure.

/retail

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

Payment statistics out - strong growth in innovative services

Bank of Finland payment statistics 2015 out - better late than never.. (anybody seen similar figures from other countries - and better if compared to population, number of enterprises and GDP..)? http://www.suomenpankki.fi/en/tilastot/maksuliiketilastot/Pages/taulukot.aspx Quick picks: - slow economy reflected in volumes - cash on its way out - do...

/payments

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

Alternative Lending: Friend or Foe to Banks?

An Interview with Glenn Goldman of Credibly Recently I had the opportunity to pose a few questions to Glenn Goldman, CEO of alternate small business lender Credibly. I have used Credibly as an example of an alternative lender – this piece is not intended to endorse them or otherwise. However, by way of background, they have focused on providing lo...

/wholesale

Konstantin Rabin

Konstantin Rabin Head of Marketing at Kontomatik

Can Banks Become New Video Stores?

Some time ago, I read an article by a former employee of a video store, which vanished from the surface because of the supremacy of video streaming services like Netflix or Hulu. Although the store survived much bigger competitors such as Blockbuster, it couldn’t live longer with constantly declining customer base. People simply changed their pref...

Retired Member

Retired Member 

Visualisations - From Data to Information

The one thing that there is no dearth of in the current world, is Data. Therein lies the boon as well as the bane. On one hand availability of large amounts of data would mean banks and financial institutions no longer need to make blackbox decisions. Strategic and operational activities are evidenced by supporting data which would mean the opport...

/wholesale

Vinod Sharma

Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe

What is FinTech and where does it Live?

Abstract – A few years back, I had a fascinating discussion about Fintech. Today every 3rd if not 4th profile on LinkedIn is about FinTech Expert. Few days ago someone asked me a million dollar question “What is FinTech?” I was intrigued with such a small, simple question but found it difficult to answer this to a person who is not from those 4 pe...

/payments

Alex Bray

Alex Bray AVP, Omni-Channel Acquisition & Servicing at Genpact

Bank of Pikachu? What does Pokemon Go mean for banking?

You cannot have missed the latest craze for Pokémon Go. Hordes of zombified individuals are wandering around your city, staring at their mobile devices. They are hunting for Pokémon. These ‘pocket monsters’ are animated characters which users collect, train and fight. Users visit PokéStops and Pokémon Gyms hoping to catch wild Bulbasaurs, Pidgeot...

/retail

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

It Takes a Village to Manage Operational Risk

Whose job is it to manage operational risk? The Chief Risk Officer? Check Operations Management? Check Compliance? Check Data Management? Check Technology Providers, FinTech and RegTech? Check Yours and mine? Check! Yesterday I had the pleasure and privilege of moderating a great panel discussion on Big Data Analytics for Risk Management. The dis...

/regulation

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

What Every FinTech CEO Should Know About Risk Management

A FinTech CEO who doesn’t understand risk management is at a crushing disadvantage. Why? Banking at its core IS the business of managing risk. Banks don’t just have to be risk-aware. They are in the business of managing risk on other people’s behalf – that’s the primary reason they exist. Banks look after our deposits, ensuring they don’t get lost...

/regulation

Retired Member

Retired Member 

Chief digital officers can bring innovation, but the company has to get behind their ideas

The number of companies employing a chief digital officer (CDO) to drive their technological development is soaring, and the financial services sector is getting in on the act. With a real understanding of both technology and emerging consumer trends, this new breed of executive may finally bring true digital innovation to the industry – but even ...

/regulation /retail

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