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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
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Transaction banking generates lucrative and stable annuity revenues that are highly profitably at scale. For this reason numerous new non-bank entrants ranging from payment institutions (PI), payment service providers (PSP) and third-party processors (TPP) are entering the payments business. However to remain competitive, combat commoditization an...
03 May 2016
Konstantin Rabin Head of Marketing at Kontomatik
There were the times when banks had almost everything. They offered deposits, loans, cards, money transfers, currency exchange, insurances and so on. And the most compelling thing was that they had almost no or little competition. Unfortunately for banks, these times are over. New players on the market found their niches to challenge the big ones. ...
02 May 2016 /payments /retail
Graham Seel Principal Consultant at BankTech Consulting
In my 30+ years working in financial services, I have participated in the purchase of $100 million of financial technology. In the course of this, I interacted with many different kinds of software and hardware vendors. I was surprised at the ineptitude of most of the sales efforts. Now I consult to technology companies. So the shoe is on the ...
27 April 2016 /startups
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
When making innovation happen - getting the next individual to move to something better (digital) - we need to look at the full toolbox. The starting point is that too many citizens continue behaving against their own interest - be it unhealthy, expensive (often hidden costs), inconvenient, CO2-producing etc practises. The moral entitlement for mov...
27 April 2016 /retail
Innovations happen only when the next individual changes her/his behavior to the new. In the IoT-world it is of course easier to make things move to automated e-interaction - but we still need to keep nudging - even pushing citizens into better solutions. In the past I was occasionally frustrated by the too large groups of stubborn "We will ne...
25 April 2016
Blockchain (distributed ledger) technology is at the height of the hype cycle. VC funding so far has exceeded $1 billion. Banks, payment and clearing systems, government agencies and service providers have also invested strongly. Many of the largest banks are exploring, experimenting, testing and even piloting blockchain applications. So will bloc...
18 April 2016 /startups
Wrote most of this in 2009..some adjustments made. Are we doing the right things in the right order? Maybe not… at least not often enough. The socio-technical landscape has changed so fast and we are still prisoners of quarterly capitalism (trying to create value for shareholders now staying for an average of 10 months), corporate governance model...
15 April 2016 /retail
Posted this in 2012 - most aspects still valid - in a frantic world: The first and main pillar of banking is trust. It can be built and maintained by sticking to moderate risk taking – both in lending and recommending invest “products” – reputation building. Trust improves customer retention – even when new entrants try to enter markets with of...
10 April 2016
Think of this as a Hyde Park Corner moment. I get passionate about things. It drives my wife crazy. As a long-time banker and technologist, I want to see banking transformed by digitization. As a human being, I want to see relevant and affordable financial services for everyone. Sometimes these two passions have seemed to be in conflict. Banks view...
06 April 2016 /inclusion
Vinod Sharma CTO - FinTech Domain at Econet Wireless Zimbabwe
Abstract – This article is neither a conclusion nor a claim by any means this is just an assumption and current picture focused on African markets. Idea for this write up is to explorer, read, enjoy, deliberate and put suggestions or new thoughts/ideas on table offcourse comments in agreement/disagreement are welcome. The evolution of financial sys...
06 April 2016 /payments
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