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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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Pat Carroll Founder/Executive Chairman at ValidSoft
I read an interesting piece earlier last week on imrg.org (the website of the UK Online Retail Association) arguing that consumer concerns over security could inhibit the adoption of many new payment methods and technologies. It said that despite dramatic increases in technologies that would allow for smoother and more convenient payments, consu
06 November 2013 /security /payments
Retired Member
Google made waves last week with their announcement about Host Card Emulation (HCE) solution that allows, inter alia, to "emulate" EMV without requiring any secure element (SE). Oh my... Google's own source claims that "Android HCE emulates ISO/IEC 7816 based smart cards". Well, ISO 7816 is a standard for contact (!) cards tha...
05 November 2013 /payments
Brett King CEO & Founder at Moven
Credit cards are expensive. According to BankRate.com the average US annual percentage rate (APR) charges on credit cards is 15.35%[1], but that’s down in recent years. During the financial crisis some US-based credit card APRs went as high as 39.6%[2] as banks like Bank of American tried to compensate for increasing risk, or unwind high-risk cre...
04 November 2013 /payments
Chris Principe CEO at APB, Inc.
Trick or Trade ! Halloween is really one of my favorite times of year, with the kids in costume and the free chocolate, what's not to like. Thinking and planning this morning the strategy for this evenings Trick or Treat rounds, it dawned on me who in our industry is playing Trick or Trade? So, with a little help from my friendly Zombies and Teenw...
31 October 2013
Putting Out vs Putting In The ideas of Putting Out Software versus Putting In Software are two radically different approaches and goals. Especially for financial software; the difference is the banks internal needs to the software vendor's external goals. So let me be clear; Bankers Put Software IN and Vendors Put Software OUT, got it. There is a m...
30 October 2013 /wholesale
Mobile use is exploding in the banking scene. If you are a retail bank today in the developed world and you don’t have an app for your customers, you are increasingly becoming an exception. Certainly almost every bank in the world today has some form of Internet website and Internet banking capability. However, for most banks, the web and mobile a...
29 October 2013 /retail
Alex Bray AVP, Omni-Channel Acquisition & Servicing at Genpact
In February, the release of Google Glass to developers was greeted with much fanfare in the press and excitement in the blogosphere. So, was this all puff? What has happened since? Well, there is no doubt that it is still early days. After all, the actual device is not going to be commercially available until 2014. However, there are already some i...
23 October 2013
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
It is a wellknown fact that the capability of IT is doubling in relation to its cost every year. It seems to be less wellknown what it means when something huge is doubling and doubling and.. (Ray Kurzweiler knows) for enterprises, the public sector and national economies. For European enterprises - struggling with both cost and service capability...
19 October 2013 /payments
... not where it has been. Anyone who read some of my blog posts here at Finextra knows that I like that Wayne Gretzky's approach. In fact, I use both real-time dynamic "puck" analysis as well as "chess" analysis when playing with my crystal balls. Let's look at EMV in the US. It is coming. During the past few months, all the d...
18 October 2013
Money2020 was a great event that I missed. Yet, judging from media coverage and comments from people who did attend, there were few surprises there. There were some weird product launches like Loop; there were some, still unspecific, updates on MCX (it's not clear how consumers will benefit from it...); there was a new tokenization initiative by t...
12 October 2013 /payments
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