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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
Increasingly the answer is “when it’s a telephone company”. Last week’s news that Canadian telco Rogers had filed for a banking licence was just the latest example of the competition between banking a...
Here in the UK, mortgage providers are already sowing the seeds of the next housing bubble. I read in this weekend’s Telegraph about a product innovation that is ‘designed to help first-time buyers g...
Rereading Christensen’s Innovator’s Dilemma. Some takes (emphasis mine) : - most successful enterprises get into deep trouble sooner or later and one theme common to these failures is that the decisio...
I used to work at a large payments processor focussed on POS card transactions and ACH payments. Around 2000 we started adding e-commerce propositions, typicaly low volume high investment activity at ...
Last year I commented at SIBOS that there was finally the realization that things weren't returning to normal - a new normal was emerging. This was a common theme emerging from the myriad of discussio...
The announcement that the Canadian carrier Rogers Telecom has applied for a banking license should hardly come as a shock to the retail banking fraternity. There is already a plethera of mobile carri...
Thoughts on the outcome of the debate on cloud computing and SaaS In my pursuit to understand cloud computing without frills, I found the document on NIST portal (http://csrc.nist.gov/publications/dra...
Although it is a long-time off yet, we can now envisage a time when most of the developed world, and indeed most of the developing world will no longer deal in hard currency. There are a number of dri...
We often come across statements that e-invoicing is a domestic issue - the cross border part is so small (some 5%) that we do not really need to care. This is a false picture as can be arrived at by j...
Every time that a fraud hits the headlines there is naturally a huge focus on how the crooks got hold of all those personal banking details – this Finextra story is a good example. But there is often ...
People often ask me, “Hey Mike, when do you think checks will disappear as a form of payment?” This is a good question; not just because companies like mine are focused on helping other companies Leav...
Every corporate treasurer is undoubtedly faced (on a daily basis) with the following questions: Where in the world is my cash and what currency is it in? Can I mobilize it? Do I invest or borrow? At ...