Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
As the owner, you will also give up ownership if you leave this group.
Graham Seel Principal Consultant at BankTech Consulting
Bank regulation is older than you think. The ancient Code of Hammurabi, which predates Moses and the Biblical legal code of the Pentateuch, includes rules for interest-bearing loans (not more than 30% interest for past due loan repayments!) Since then, review of the history of banking shows that regulation of financial services has become more an...
08 July 2016 /regulation
Konstantin Rabin Head of Marketing at Kontomatik
Brexit still remains a hot topic in the media. The consequences of the British referendum will have—well, they already do—a profound impact on the world’s economy. Fintech companies are no exception to this and they will face new challenges when the UK is definitely out of the EU. What should fintech players expect in the new reality with Britain ...
04 July 2016 /inclusion
There are over 6,000 community banks in the US. Many of these manage significant assets, and have meaningful IT budgets. Their small business and consumer customers are looking for competitive digital banking services. But community bank technology is often outdated, and difficult to enhance. What an opportunity for FinTech! There is no clear asse...
02 July 2016 /retail
Retired Member
Great feats of innovation can die a slow and unremarkable death if they are not adopted by the organization. Adoption requires a comprehensive approach to integration that recognizes the importance of how people work as well as a sound, technical implementation. Here are three keys to maximizing the adoption of innovative solutions across the orga...
29 June 2016 /startups
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Abstract - Cashless or LessCash are terms, which are often interchanged, which in most cases create confusion amongst consumers and to some extend new startups. If we are to consider the Asia-Pacific region where Digital disruption is at the top of the banking sector`s agenda. The question that arises is; will the banks’ respond to the rise of Fin...
28 June 2016 /retail
Community banks and Credit Unions buy most of their technology from the core banking system providers. So they aren’t terribly excited about buying directly from a FinTech. There are four main core system vendors: FIS, Fiserv, Jack Henry, and D+H. Between them they own 96% of the community banking market. This presents a rather limited set o...
24 June 2016 /wholesale
It is well known that financial criminals are adept at finding the weakest link in a bank’s, or the banking systems, defence to attack. They can often do this by avoiding the immediate defensive measures in applications and getting transactions into the banks payments systems, even on a trusted network such as Swift. Once on the network, criminals...
16 June 2016 /security /payments
It struck me today that a brief history of booking and paying for taxis provides quite a nice illustration of what’s happened to payments over the past 20 years or so. Here’s my experience. Evolution 1980s: hailed or booked a taxi (from my home phone or a callbox), went where I wanted to go, kept an eye on the meter, and paid with cash. 1990s: same...
11 June 2016 /payments
At first blush, you might think the kind of Artificial Intelligence applications that are deployed in industrial contexts would have nothing to do with financial services. Whether we’re talking manufacturing, process control, utilities administration, or any other industrial setting, what could they possibly have in common with banking? The answer...
08 June 2016 /regulation
Are you sure you want to do this? Richa, my wife asked as I shared my idea to undertake an experiment in which I will stop using cash and instead use only digital forms of payment. Colleagues said going cashless in India is difficult and that I wouldn’t be able to manage more than a week. All this and the fundamental question “As a believer in digi...
05 June 2016 /payments
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