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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Retired Member

Retired Member 

Skate to where the puck is going to be...

... 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...

Retired Member

Retired Member 

Invisible payments, Cloud POS and the next big thing

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...

/payments

Brett King

Brett King CEO & Founder at Moven

Why payments are disappearing, and mobile will win

Ok, so if you think we're done with the whole "when is a mobile payment a payment" argument, think again. The reality is that the biggest evolution in payments is not about Visa, Mastercard, Amex, Square or faster payments, but it is about context and simplicity, and that's where the mobile and other technologies are leading us. You are ...

/payments

Chris Principe

Chris Principe CEO at APB, Inc.

Transaction Banking - The Suite Life

Transaction Banking - The Suite Life: Since the financial crisis bank management has given high priority, attention and investment to fee generation businesses and fee generation business that are risk manageable. This has given Transaction Banking (Cash, Trade, FX and Payments) the opportunity to move into the top suite of the banking hotel. Th...

/wholesale

Retired Member

Retired Member 

The 8Cs of Social Media

The Creation / Curation of Content for Consumption and/or Collaboration in Clusters of Connected Communities Believe me, it’s easier said than done, and it certainly isn’t easy to say! But as any consonantal alliteration, the 8Cs is a framework to help structure thinking around social media. Knock it down, tear it up and build on it to make it wor...

Retired Member

Retired Member 

I love you, until tomorrow

Riedel emailed me a "20% off" coupon this morning. It's not a big secret that I like fine wines (it says so on my LinkedIn profile) and a quality glass makes a huge difference as far as taste is concerned. In fact, with Riedel glasses, different designs make plain water (!) taste differently. I didn't believe that myself until I tried it...

/retail

Retired Member

Retired Member 

White men can't jump

I had to register a new card with Skype this morning (the old one expired). Tried my newly minted Barclays Mastercard. At the first attempt, the transaction was aborted, without any explanation. Tried again. My second attempt resulted in some weird error message saying "Please complete the authorization process" followed by - on the same...

/payments

Retired Member

Retired Member 

On 'shoe payments'

I had an interesting discussion with Brett King as to what "mobile" payments really are. Let's look at history, semantics and the core element of any payment (Exec Summary - it's all about authentication). To be pedantic, the original meaning of the word "pay" is to "hand over money (or goods) in exchange for goods or servi...

/payments

Chris Principe

Chris Principe CEO at APB, Inc.

Cash and Trade - Like Mixing Apples and Oranges

Cash and Trade - Like Mixing Apples with Oranges There has been much written regarding the convergence of cash and trade to benefit the banks’ corporate clients. The benefits are real, banks delivering cash and trade has not been real. The corporate CFOs are challenged with a never ending quest of optimizing their capital. Over the last few decades...

Brett King

Brett King CEO & Founder at Moven

Mobile is already Mainstream - including at Starbucks

There has been some debate on Finextra of late as to whether Mobile Wallets and Payments are mainstream, or whether we are still years off seeing them have some real impact on commerce and payments. I thought I would give the Finextra community the benefit of some simple research that shows that not only are mobile payments gaining traction, but f...

/payments

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