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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

Can Banks Ever Meet Customer Expectations?

Today's connected customer expects more of their bank. Whether they are consumers or businesses, they want an Apple- or Amazon-like experience. This represents both an opportunity and a challenge of epic proportions for today’s banks. In this and future blogs we will explore how banks can deliver a distinctive “native digital” experience across all...

/retail /startups

Chris Principe

Chris Principe CEO at APB, Inc.

2015 SIBOS, Final Thoughts

I know that many of you will be saying that SIBOS is long over and 2016 has begun with new opportunities. I do believe that there are some valuable take aways. Those of you who are SIBOS devotes, with more than a few SIBOS’s under your belt will recognize that there is a buzz word at each SIBOS event. In 2015, the word that was the theme or focus o...

/sibos

Retired Member

Retired Member 

10 take outs on the Open Banking APIs Framework

The open banking framework was published a couple of weeks ago by the open banking working group. Here I share my 10 most salient take outs in 10 headings. If you want to know what the 148 pages of the document really cover, read through this summary. Before we start, I think they have done a tremendous job. It's an excellent document, the proposa...

/retail

Saurabha Sahu

Saurabha Sahu Senior Solution Consultant at Wipro Limited

Distributed Ledger Maintenance on Cloud: Blockchain and Beyond

In continuation of my previous blog on Blockchain: Need of Future for Financial Industry, let us now try to understand one more path breaking revolution in the field of Accounting and Ledger maintenance. This will provide a better and efficient way of fund settlement between two parties domestically as well as internationally, where Foreign Curren...

/payments

Saurabha Sahu

Saurabha Sahu Senior Solution Consultant at Wipro Limited

Blockchain: Need of future for Financial Industry

In today’s global economy, the information shared across various entities and industries have to be 100% accurate secure and transparent. This requires a robust, secure data transmission through a defect free network. Financial data is the backbone of any Organization. The financial Institutions are leveraging the secure and robust communication ch...

/payments

Retired Member

Retired Member 

Blockchain for blockheads - Distributed Ledger for Dummies in five minutes

Food for thought for those in a hurry: why doesn't a card payment terminal need to check with all other terminals worldwide that your card is genuine?.. Bitcoin hype seems to be superseded by its blockchain flavour. Bitcoin start-ups still raise money, so do blockchain ones - it's tempting to chase unicorns in the "rocket science" area fe...

/startups

Retired Member

Retired Member 

PART 2: WHY CHALLENGER BANKS NEED TO BE 100 TIMES BETTER THAN INCUMBENTS

In my previous article I attempted to reframe the “Fintech debate” into one centred around its goal (competition) rather than its means (Innovation, Fintecth, etc.). In this piece I would like to offer a framework to discuss what an overall banking proposition is and why one will be better than another. This will lead me to argue that a challenger...

Vinod Sharma

Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe

Next big thing in Mobile Financial Services Interface

Mobile Money or M-Money refers to financial transactions or services that can be carried out using a mobile device what ever this is but for Payments Revolution; Speed is The King. Very popular phenomena on internet "If you are looking for the next big thing, and you are looking where everyone else is, you are looking in the wrong place"...

/payments

Retired Member

Retired Member 

Forget about Fintechs and Innovation, they aren’t the point - Part 1: It’s all about competition

By Hakim Mendjeli , 4by90 consulting (This article was first published here) This is the first instalment of a few articles to share my perspective on innovation, retail banking, Fintechs and competition. If you see some value in my perspective please do let me know. As they say on youtube "like it, share it, comment on it!" In this firs...

/retail

Vinod Sharma

Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe

Mobile Payments : Mythical Facts

Abstract – This article is triggered by real life incidents combined with a high-level overview of mobile financial services and mobile payments. The mobile technologies covered herein are neither new nor a revolutionary innovation; but have been there on this planet for decades though not all of us have been aware or maybe the way I have experien...

/payments

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