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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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Mukesh Gupta Director at SAP India Pvt ltd
There is a lot of discussions and activities around the revival of the good old ATM. Some are trying to make these machines more user centric like Wells Fargo. Some are trying to improve the overall user experience of the ATM like Diebold. However, the true question should be the following: "Do we even need an ATM? Is there a better, eas...
26 February 2013
Pat Carroll Founder/Executive Chairman at ValidSoft
Is the Micro-merchant a new Threat? Safeguarding from micro-merchants’ fraud Making a payment to a plumber, window-cleaner or nanny – otherwise known as “micro-merchants” – couldn’t be easier or more convenient, thanks to innovative companies such as Square, Spindle and iZettle which have pioneered the dongle-based payment for mobile Retail Paymen...
25 February 2013 /security
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
A lot of time and effort has been spent on automating manufacturing and logistics in large companies. Less has been spent on their administrative processes. Automation of SME administration and government reporting still appears as virgin territory. More https://www.finextra.com/blogs/fullblog.aspx?blogid=7407 As the SME sector stand for some 65% ...
23 February 2013 /payments
Is SME-sector competitiveness important? If governments consider SME-sector competitiveness important (65% of corporate turnover and all growth in employment come from them) they should do something about red tape and automation of administrative processes. The key to the latter is fast migration to structured e-invoicing - paving the way to autom...
22 February 2013 /payments
Retired Member
"EMV in the US" still seems to be a debate point. However, the potential far-reaching problem with EMV ("chip" cards) is deeper than its US roadmap. Big Fish, no chips Few people noticed that Barclays quietly dispensed with the use of "chip" for mobile banking: instead of a PINsentry dongle that worked in conjunction...
18 February 2013 /payments
As I am now checking out from full time employment I take this opportunity to sum up what we (not I..) at Nordea, Tieto, the EC Expert Group on e-Invoicing, the Real Time Economy program, the Mobey Forum etc achieved in the some 40 years of bringing more technology into banking and beyond in the new connecting-customers dimension. The world is by ...
As I plan to step down from full time employment at Tieto, but will continue as advisor in various projects I needed to establish a company of my own. Yesterday I thus logged in with my e-bank credentials to the Finnish Trade Registry and completed the needed handily presented information, signed it with my e-bank credentials and sent a signing req...
13 February 2013
According to the latest Bank of England statistical release, the amount of notes and coin in circulation is growing at about 4% a year. This has been pretty much the average growth rate over the past few years, although there was a large spike in late 2009 to over 8%. At around that time, Andrew Bailey, who was then the Bank of England Chief Cash...
12 February 2013 /payments
With the release last year of the iPhone5, Apple decided to pass on NFC, at least for now. Instead, they included Passbook, an app to store electronic coupons, vouchers, and boarding passes, which, using barcodes or QR codes, provide services from the likes of Starbucks, United Airlines, Ticketmaster, or Target. So why did Apple decide to not go f...
Jp Nicols Managing Director at FinTech Forge
Five massive foundational shifts are impacting financial service providers of all types, and they are impacting those that serve affluent clients in especially unique ways. According to a study by KPMG conducted in June 2012, 9 out of 10 banks are considering a serious overhaul of their strategy, and 40% say that wealth management and asset manage...
12 February 2013 /retail
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