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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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Retired Member
Last year, my magic crystal balls helped me get 6 out of 7 predictions right. Let's see if I can do even better this year. As a quick summary, my predictions for 2014 are based on proliferation of alternative form factors (wearables and uber-wallets) that combine several interfaces (BLE, NFC and GSM) to disrupt major use cases (mobile payments in p...
16 December 2013 /payments
Aircraft carrier is an awesome sight: it's huge, full of energy, impressive in all respects. It's worth a lot of money too. However, when you see an aircraft carrier on the horizon heading towards you at full speed, that means one certain thing - it is going to crash, due to its maneuvering capabilities (stopping distance, turning circle, etc.) Go...
12 December 2013 /payments
Pat Carroll Founder/Executive Chairman at ValidSoft
The ECB published its recommendations for the security of mobile payments last week last week. Although unrelated, this latest set of recommendations shows how Governments and Central Banks (US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system, and the newly formed Financial Conduct...
10 December 2013 /security
Brett King’s recent article on ‘Banking’s new playground’ raises some interesting points as to ‘how Africa will show the way’. Smart phone penetration in Africa is currently less than 15% and projected to be an estimated 40% by 2017. This means that mobile banking and payments service providers will have to service both Smart phones and Feature p...
10 December 2013 /payments
Chris Principe CEO at APB, Inc.
The Starving of SMEs Like many of my industry colleagues, I have been passionate about the financing of SMEs, who are the true lifeblood of global trade. Banks, like most businesses, only have time and resources to service the top 15% of their base where the large percent of their revenue comes from. In recent year's many of the regulatory conc...
02 December 2013
Brett King CEO & Founder at Moven
If any of you watch my Twitter feeds, Facebook or Google+ posts or those of the financial services crowd at large, it is highly likely that you will have seen a post I authored on Huffington Post on Friday. The post details my experience with HSBC Business Banking after they closed my business account without notifying me. The first I knew of ...
02 December 2013 /wholesale
Whales need Plankton! There are banks today that are expanding their trade business with additional supply chain financing activates and many more considering adding SCF. The results for them are good with their best corporate clients taking advantage of these added services. Unfortunately, the supply chain financing services are not being offered...
26 November 2013
Jim Marous Publisher at The Financial Brand
For the third year in a row, I attended the BAI-FinacleGlobal Banking Innovation Awards ceremony that takes place as part of the BAI Retail Delivery Conference. This year's program, which recognizes innovation excellence in the banking industry, drew more than 200 nominations from institutions based in over 30 countries. The two overriding impress...
23 November 2013 /retail
Hardly a day goes by without someone getting excited about Google's Host Card Emulation (HCE). Media is selling it as the "Open Sesame" for mobile payments. Is that true? Executive summary: IMHO, b***cks! HCE is a good tool for specific use cases, but it's not - by far - the Holy Grail. Here's why. To understand what HCE is all about, let...
22 November 2013 /payments
Have you IFTTT’d lately? Well, if you haven’t, you will be soon. You can forget about SnapChat and Pocket. They were so 3 months ago. If you’re not familiar with the app, IFTTT is a service that allows users to create a series of commands that get invoked when a predefined rule is met. Think of it is a virtual ‘If this alarm clock rings, then ...
09 November 2013
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