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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.

Bo Harald

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

Public sector credentials to all wallets - to cross the death walley

Picture included in my Linkedin post (used to manage them here in the past) https://www.linkedin.com/posts/bo-harald-4768b51_dangerous-death-walley-one-might-of-course-activity-7192066826363625473-MfwU?utm_source=share&utm_medium=member_desktop Dangerous death walley... One might of course ask why the private sector is not yet crying out for...

/retail /identity

Retired Member

Retired Member 

The Hunt is On for AI Synergies in Private Equity Portfolio Companies

It’s not news that private equity firms act as technology strategists and guides to foster synergies between the companies in their portfolio. In 2024, their focus is on AI-enabled synergies within the portfolio. In this article, Drake Paulson, VP of Client Experience and Partnerships at Anduin Transactions, analyzes how the initiatives of synergi...

/startups /markets

Parth Prafulbhai Sonara

Parth Prafulbhai Sonara Product Manager at BlackRock

SWIFT ISO 20022: Technological Advances and Challenges

It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that the new standard will provide improved efficiency in payment processing and enhanced data automation capabilities on an international scale. One signif...

/payments /wholesale

Nameer Khan

Nameer Khan Founder and CEO at Fils

On International Water Day, How can Fintech Stem the Flow of Climate Change?

Every year, March 22nd marks a somewhat solemn reflection on the state of the world’s water security. The bedrock of all known life, water is a fundamental need for all communities, depicted throughout literature as a unifying symbol of life and renewal. However, this year’s International Water Day warns against a not so far future in which water i...

/payments /sustainable

Richard White

Richard White Head of Trade Finance at Commercial Banking Applications (CBA)

What benefits could ISO 20022 bring to trade finance?

A continued push for digitisation, transparency and automation in trade finance prompts the question about the impact a migration of Swift messaging from MT to an ISO 20022 standard (MX) would have on global trade finance operations. As the payments and cash management industry has already been finding out, there are benefits, challenges and costs ...

/regulation /wholesale

John Bertrand

John Bertrand MD at Tec 8 Limited

By delaying instant payments, if suspicious, be effective?

At UK first Global Fraud Summit, HM Treasury plans to introduce legislation, only to apply to suspicious Authorised Push Payments executed within the UK in sterling. The proposed statutory instrument amends the Payment Services Regulations 2017 and allows PSPs to delay the execution of an outbound payment transaction by up to four business days fr...

/payments /regulation

Bo Harald

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

If you don't know where you are going, any road will do..

So where are we going? Do we realize that we nead leaps in productivty, in service capability, in security, in privacy, in Single Market progress and in serious lowering of costs in the public sectors? Then all countries and EU should make the strongest possible public-private efforts to get the Trust Infrastructure in place - supported by global...

/retail /identity

Bo Harald

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

If you have a hammer..

If you have a hammer, everything around may look like a nail - they say. With the hammer-advent of Self-sovereign Identity, DIDs, decentralised data, Trust over IP, Findy.fi, Open Wallet Foundation, eIDAS2 and especially the work on organisation wallets in EWC this is for sure looking like being the case. Any number of use cases have been listed....

/retail /identity

Steve Rose

Steve Rose CEO at Tint Financial Services

Maximising Trade Finance for SMEs: How Fintech Innovation Can Help Avoid Under-Utilisation Pitfalls

In the world of international trade, securing funding can be a crucial factor in driving business growth. With over 300,000 UK SMEs engaged in global transactions, cash constraints often hinder their operations as suppliers typically require payment before end customers settle their dues. Accessing trade finance, therefore, is essential for SMEs t...

/payments /markets

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Reshaping Financial Planning and Investment Service through Manifestation

How can we design an app that provides a guide for better financial decisions? Users typically invest based on in-app offers, but, to help customers achieve their dreams, we can change that approach. While working on a recent investment product for our client, we found that users needed help first making sense of their investments by setting their...

/wealth /retail

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