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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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Recently, I have seen a growing number of decision makers in financial institutions taking a different approach to technology. This is because they have realised that many of the systems they relied on in the past on are now struggling to cope, and there are major questions about their future resilience. According to an Accenture report this June,...
14 September 2021 /payments /cloud
Tatsiana Kuchminskaya Chief Financial Officer (CFO) at Andersen
What is an API? Why has this technology revolutionized the investment industry? Let's talk about API-based FinTech solutions used by financial institutions to introduce new products and services, increasing their competitive power in the market. What an API is The word 'API' stands for ‘Application Programming Interface’ and is used for one appl...
13 September 2021 /inclusion /markets
Kartik Swaminathan Author - 3F: Future Fintech Framework & Founder at Fintastech (Fintech Consulting & Coaching)
While we have seen phenomenal growth in the BNPL (Buy Now Pay Later) segment in recent past, and I have already done a post on BNPL stating how the product is digital native, helping to expand the market and improve conversions for merchants too. So, while we have BNPL, my take is why not also have PNBL – Pay Now Buy Later. While BNPL is Lending &#...
10 September 2021 /payments /sustainable
Garima Chaudhary Global Head of Solution Eng, FinCrime & Compliance at Oracle
The current financial crime compliance management efforts are based on a combination of automated but static analysis of a pre-determined set of risk factors, together with human judgement. Legacy systems are updated with new algorithms and manually inputted information, generating matrixes for risk interpretation and action, but these very rarely...
08 September 2021 /regulation /crime
Introduction The eager and rapid adoption of artificial intelligence (A.I.) by financial institutions (F.I.s) may surprise those outside this otherwise cautious industry. However, the industry consensus is clear that intelligent technologies such as A.I. are major factors in the race to differentiate and establish market share. For example, a surv...
01 September 2021 /regulation /crime
Regarding online payments, customers are always looking for quick and convenient ways to pay for their purchases. After all, our daily interactions with technology have prompted us to expect a seamless experience with instantaneous availability and an easy-to-use interface in the realm of digital payments as well. This makes technological innovati...
09 August 2021 /payments /markets
With so much happening in Fintech regulators have a challenge at hand. We have in recent past seen many regulatory actions in India and am sure there are many taking place globally too. Highlighting some as below: - - Curbs on UPI driven lending innovations like Bullet, Lazypay etc. as regulators felt they are more like Overdrafts rather than pa...
28 July 2021 /regulation
Paul Shumsky Founder at @Finpace.tech
If you are a FinTech company building an international money transfer, payment solution or remittance platform, an integral part of it would be a cross-border money transfer processor. The only other alternative is creating your own banking network by forging relationships with traditional banks which is lengthy and requires a huge effort. By inte...
13 July 2021 /payments /markets
Shaju Nair Payments SME, Product Manager at Temenos
Just about a decade ago, banks worried about fintechs taking away 'some' of their businesses. Some years ago, banks worried about cryptocurrencies taking away 'more' of their businesses. Today banks need to worry if central banks would take away 'most' of their businesses. Welcome to CBDC (Central Bank Digital Currencies) - the dragon Dracarys of ...
13 June 2021 /payments /crypto
Thomas Pintelon Head of Strategy at Capilever
Under increasing pressure from disruptive Fintechs and changing customer expectations, the banking landscape has drastically changed. Over the past 5 years, banking has been transformed from a risk-averse, very conservative sector to one of the fastest moving and innovating sectors in the world. Such innovation can be found anywhere in banking, ma...
01 June 2021 /wealth /retail
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