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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.

Retired Member

Retired Member 

Up-and-Coming Payments Security and Fraud Prevention Tools

In recent years, online shopping and electronic payments have become increasingly popular, leading to a rise in payment fraud. Cybersecurity has become a top priority in the payments industry, as fraudsters use new schemes to exploit the growing e-commerce industry. Faster non-cash payments and the growing popularity of cryptocurrencies have also...

/security /payments

Bo Harald

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

Proud of the Nordics - worried about the Single Market

I have been acting as an independent advisor for the Findyconsortium in Finland (now the public-private Findynet co-operative) since it started in 2018. It aims at implementing a trust infrastructure based on Self-Sovereign Identity and the Trust over IP architecture. Here all citizens, all organisations and many things will get general purpose fa...

/retail /identity

Abhinav Paliwal

Abhinav Paliwal CEO at PayNet Systems

India Is Testing UPI For International Tourists

UPI is a system that bunches multiple bank accounts into a single mobile application enabling P2P and P2M fund transfers. India central bank RBI enabled UPI to be now be available for visitors from #G20 countries, who are travelling to India from abroad. This is how it will work 👇 Once your passport and visa will be physically validated - After...

/payments /retail

Péter Ekler

Péter Ekler Head of Future Technology at Zenitech

AR and VR could revolutionise customer experience in the fintech sector

One of the things I love about my research is talking to organisations about how technology will change the way they do things in the future, and then working with my team to create technology to prove concepts. We think about the direction technology is going in, and what that means for organisations right now. In financial services, one of the ...

/predictions

Shaju Nair

Shaju Nair Payments SME, Product Manager at Temenos

Fault lines in the Modern Financial System

It brings me grief when I hear people refer to CBDC as being just another form of digital money or just another mobile application for making payments when in reality there is a world of difference with CBDC being sovereign money (as is notes and coins) controlled and guaranteed by central bank and backed by assets, once upon a time gold itself, ...

/payments /wholesale

Kevin Davis

Kevin Davis Global CTO of AWS Business at Atos

Debunking 3 Myths of the Cloud

Cloud adoption has been embraced by companies with 94% using some form of cloud computing in their operations in 2022. One of the best business decisions organisations can currently make is to no longer contribute to leases on large and expensive data centres and instead, kick-start cloud migration. However, despite the perks, many are still hesi...

/cloud /devops

Bo Harald

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

My e-Journey - over 40 years. Part 8. It is the economy, stupid..

As I wrote in the first post, my interest for digitalisation started off from trying to automate more work in the backoffices. Then it moved to convenience for e-banking customers > not having to send or receive invoice snailmail and keeing in lenghty details when paying. It then jumped back to productivity when the Finnish public sector calcula...

/retail /predictions

Bo Harald

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

My e-Journey - over 40 years. Part 7. Ladders galore

An often repeated experience on my journey has been that one thing leads to another, which leads to another and so it goes. You may have a hunch about what these may add up to - but seldom a very clear picture or a plan. So get going - and start with what many need often (preferably same logic, user experience and tool) at home and at work - and ke...

/payments /retail

Bo Harald

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

My e-Journey - over 40 years. Part 6. Towards a new e-world

I have a few more parts in mind. Candidates - time permitting - include: Ladders galore, Productivity impact high level evaluation, Life events as starting point for service design, Single Market leap, Sustainability impact and Leadership observations. Lesson learned: Writing may help you to use what has been done right and what failed when looking...

/identity /predictions

Bo Harald

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

My e-Journey - over 40 years. Part 5. Mobile rungs in the ladder and Mobey Forum

The first rung in the mobile services ladder was the word syntheziser for pushbutton telephone payments created in -82. Once mobile phones - the next rung - started to appear you could use them to make wireless payments. An advertisement has a man sitting on the ice - fishing with a bulky Nokia drag-around mobile phone next to him. The next rung ...

/payments /retail

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