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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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Chris Principe CEO at APB, Inc.
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
Retired Member
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
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
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
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
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