Innovation

3407 articles tagged with this keyword

/devops

How one bank’s tech team is teaching ‘on-the-fly’ data

Following her virtual session, ‘Democratising data-driven decisions with self-service tools’ at the Apidays conference, Yojas Samarth, senior data engineer, tech speaker and tech trainer at DBS Bank, speaks to Finextra Research regarding the nuance of training teams to effectively utilise data platforms.

/people

Opening up the path less travelled from banking to fintech

Fintech has been part of financial services for several years, but it remains surprisingly rare to see employees of incumbent banks take prominent positions at fintech firms.

/payments

EBAday 2020: payments innovation on fire

Visa recently launched its Tap to Phone technology, enabling Android handsets to accept NFC payments via an app which will allow users to accept contactless payments within minutes of download. This is now live in parts of Europe, the Middle East, Africa, APAC and Latin America with the US to follow in 2021.

/payments

Will China be the world's first cashless society?

China is well on its way to become the world's first cashless economy, with mobile payments already accounting for four out of every five payments, according to a study by the South China Morning Post.

/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

/payments

No rivalry between public and private digital currency solutions – European Commission

During the ‘Retail Payments Strategy’ webinar held Wednesday , the European Commission’s Eric Ducoulombier, head of retail financial services and payment unit, spoke to the subject of digital currencies and the future of a digital euro.

/sustainable

Sibos 2020: Defining sustainable finance and ESG, beyond climate action and the environment

As wildfires, hurricanes, social and economic unrest and the pandemic play out across the global stage, the final of day of Sibos 2020 focuses on banking for humanity, the impact of ESG and the triple bottom line as a driver for sustainable business.

/retail

Sibos 2020: Big Tech companies are not looking to get into financial services – Jesse McWaters

Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.

/security

Sibos 2020: A mindful shift to operational resilience is required in a post-Covid world

2020 has been a sharp reminder that unprecedented events can result in abrupt, yet long-term change and every industry must adapt to keep pace. The challenges facing banks are continuing to mount and financial institutions are being forced to deal with a deteriorating geopolitical environment, an explosion in cyber-crime and the expansion in regulatory oversight, as discussed in Sibos day three session ‘Risk management: The world of worries’.

/crime

Sibos 2020: Is 'Ransomware-as-a-Service' a symptom of innovation?

Drilling down into the biggest threats facing financial services during Covid-19, industry heavyweights provide their perspectives on the changing face of cyber threats and where our biggest vulnerabilities reside during day 3 of Sibos 2020.

/crypto

Sibos 2020: 'In a world of CBDCs, I am not sure what Swift would do' - David Birch

David Birch, author and financial services consultant, compares Swift to CB radio or Charlie's Angels, as an "affectionate tribute to the 1970s".

/payments

2010 revisited: Banks have learnt how to not leave their customers behind

As Sibos 2020 continues, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/wholesale

HSBC joins European quantum consortium

HSBC has joined a consortium of 12 European companies and research laboratories supporting a project to uncover potential applications of quantum computing.

/covid-19

Sibos 2020: World should have been prepared for the pandemic - Jamie Dimon

The world was not prepared for a global pandemic like Covid-19 but it should have been, according to Jamie Dimon, CEO of JPMorgan.

/regulation

FCA sets coronavirus challenge for new sandbox applicants

The Financial Conduct Authority has opened its sandbox to new financial applications capable of tackling challenges caused by the coronavirus pandemic.

/people

ING shakes up innovation office; Legrand steps aside

ING is to combine all of its disparate innovation programmes into a single dedicated unit, ING Neo, reporting directly to chief executive officer Steven van Rijswijk.

/wholesale

Client is king: How two US banks optimise tech execution

In anticipation of Sibos 2020, we zero-in on a key focus area that financial institutions across the payments landscape will be paying close attention to as technology becomes more complex, consumers more sophisticated, and margins ever-more slim. That is, getting the most out of technology investments by improving execution.

/payments

Amazon rolls out palm payment technology

Amazon has unveiled technology that lets shoppers at physical stores pay for their purchases by scanning the palm of their hands.

/payments

2010 revisited: Looking beyond the traditional negotiated financial crisis

As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.

/cloud

What will drive capital markets firms to migrate to cloud in 2020 and beyond?

Legacy infrastructure cannot keep pace with the continuous automation, changing regulatory demands, dynamic market conditions and growing customer expectations in the financial services industry today, particularly in capital markets. Firms have started to realise the opportunities that come with cloud, redesigning operating models and implementing cost-saving measures to increase efficiency.