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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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Today, corporates across industries consider the implementation of e-invoicing systems as part of their broader e-procurement strategy. Corporates take the lead in guiding their supply chain partners towards more efficient and dematerialized supply chain processes. While these digital transformation trajectories yield substantial benefits when exe...
23 April 2014
The Financial Times and Twitter are already ravenously commenting the not unexpected move from Facebook into financial services. Indeed, not content with being just the platform to share cat photos and status updates, Facebook is apparently decided to provide financial services in the form of remittances and electronic money. The move might appear...
14 April 2014 /payments
Paul Love VP Business Development at Konsentus
For several years I have blogged about how many banks continue to rely on legacy systems and how the latest proverbial straw never seems to break the camel’s back. Now mobile payments and mobile banking looks like it will finally break through to the mainstream. With Paym going live on April 29th, is mobile payments the final straw? Although some o...
11 April 2014
Last month, I attended CeBIT for the Code_N event, a unique platform for innovative startups and entrepreneurs to show off new products and services. This year, the focus of the event was “driving the data revolution”; the 50 finalists presented innovative big data solutions across a wide variety of industries. I was given the opportunity to prese...
09 April 2014
Martin Bailey Technology Product Director at Temenos
There's something about New York. The place exudes a sense of purpose. Broadway is the perfect place for a show and it seemed a fitting location for the Celent Innovation & Insight event. The theme of the show was shoot for the moon and even if you fail, you'll fall among the stars so it seemed fitting that it started with the Star Trek theme ...
07 April 2014
We have always had two different payment flows without realizing it: pull and push. "Pull" flow is your in-store payment - merchant makes a request for payment, "pulls" payment credentials from customer and then forwards those credentials to the customer's bank to "pull" the payment (which takes days to filter through...
04 April 2014
PRMIA put on an event at MSCI on Wednesday, called "Innovations in Liquidity Risk Management". Melissa Sexton of Morgan Stanley introduced the agenda, saying that the evening would focus on three aspects of liquidity risk management: methodology industry practice regulation LiquidityMetrics by MSCI - Carlo Acerbi of MSCI then took over...
31 March 2014 /regulation
Just few weeks after BBVA acquired Simple Bank for EUR 100 Million; one of the biggest players in the Software Banking Industry, Misys went into the digital fight and took over, for an undisclosed amount, the German company IND group. Founded in 1997, IND group provides with software specialized in Digital experience to more than 30 clients around...
31 March 2014
Pat Carroll Founder/Executive Chairman at ValidSoft
Recent developments at the European Parliament have proven to be a key milestone for the European Commission's data protection reform. Parliamentary support is now ensured for vital legislation which will mean individuals have much better control over their own personal data. The legislation is set to enable greater data protection and privacy for...
25 March 2014 /regulation
Prerna Jyoti Senior Consultant at Infosys Limited
FpML - A Step towards Increased Efficiency and Clarity of Communication Introduction Commercial lenders, in particular banks in the syndicated lending arena, have to deal with a large number of notices across the facility life cycle in order to ensure effective and complete communication between various parties, like administrative agents, guarant...
25 March 2014 /retail
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