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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.

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

Alex Noble

Alex Noble Account Director at McAfee

What does HSBC’s adoption of voice biometrics tell us about trends in identity, customers and contac

Wanting a change from Brexit articles (too many of them are just too much speculation), I was looking back at some of the news stories from earlier in the year that I’d meant to blog on but hadn’t managed to. One of those was HSBC UK’s introduction of voice biometrics (see Finextra: “HSBC to roll out voice and Touch ID to 15 million UK customers”)...

/security /retail

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

How Many Lawyers Does It Take to Save a FinTech?

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...

/regulation

Konstantin Rabin

Konstantin Rabin Head of Marketing at Kontomatik

Brexit And Fintech: What Will Happen?

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 ...

/inclusion

Graham Seel

Graham Seel Principal Consultant at BankTech Consulting

Can FinTech Companies Thrive in Community Banking?

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...

/retail

Retired Member

Retired Member 

Maximizing Innovation: Great Proof of Concept! Now What?

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...

/startups

Vinod Sharma

Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe

FinTech the Champion of -Banking- Services

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...

/retail

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