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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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Retired Member
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 Leave the Check Behind, but because checks are costly; they consume natural resources; they are subject to fraud; and they are the most inefficient form o...
31 August 2011 /payments
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 the end of the day, was I right and how should I protect myself from tomorrow’s risks? Why are these questions on the minds of Treasurers? Because ma...
31 August 2011 /security /regulation
Pat Carroll Founder/Executive Chairman at ValidSoft
On September 12 the UK’s Independent Commission on Banking (ICB) is due to make its final report. Most observers expect the Commission to recommend a much bigger differentiation between commercial/retail banking on one hand, and investment banking on the other. That will put “banking” back in the dock and trigger another round of debate, complaint...
31 August 2011 /security /retail
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
There is a lot of evidence that hunch is the best guide to good business. Due to scarce IT-budgets and even scarcer key skills many organizations have resorted to a systematic "business case" process approach. This all sounds very logical and orderly and is often difficult to argue against. And when we are dealing with big investments it...
26 August 2011
Brett King CEO & Founder at Moven
As the news of Steve Jobs' resignation rocks the world today, it's almost like we're reading his obituary rather than the news that a Fortune 50 CEO has moved on. The impact of Steve's resignation will be felt hard on Apple's share price no doubt, and even potentially hit the very fragile US market at a time of uncertainty. Although Apple's leader...
25 August 2011 /payments
I am not impressed by iZettle. Please hear me out. The concept of contact based card reader devices is nothing new. We see it all day. It so ubiquitous, that we don’t notice it at all; Let alone recognize it as an innovation. The accompanying video reveals all. Device 1: mobile phone, device 2: card reader and 3: the credit card itself. This is no...
19 August 2011 /payments
European data privacy laws are arguably the most stringent in the world. That should be great news for companies that meet them when those companies come to offer their services around the world. And that is why my company went through the complex process of applying for a Privacy Seal from EuroPriSe. We wanted to say that our product met a tough
19 August 2011 /security
There's been a great deal of discussion lately about the impact of technology on traditional businesses such as bookstores, media, TV, newspapers and even on banking. We think we understand the impact of technology on books, magazines, CDs, DVDs, and newspapers, but many say that they are skeptical in respect to the impact of this on TV or the hum...
17 August 2011 /retail
The emphasis is shifting from finding the system that precisely matches requirements to delivery capability - finding a core system that can be implemented with the minimum of trauma. Experienced core banking project managers will tell you how each time they complete a project they carry forward their success secrets to the next project - and thei...
The Total Disruption of Retail Banking - The Conclusion As we detach ourselves from physical artifacts associated with traditional businesses, traditional distribution models rapidly fail. The fact that you own or participate in a network or virtual monopoly that supports an outmoded distribution model is of no benefit when that network is surpass...
11 August 2011 /retail
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