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A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
Earlier this month, the Bank of England launched the Funding for Lending scheme, to lend money at below market rates to financial institutions. It is designed to prompt banks and lenders to make more ...
Square and Starbucks just announced their intent to form a partnership for the purpose of improving or 'revolutionizing' in-store payments around the approximately 1,700 retail stores and 5,000 point...
I was listening to some music from my youth - Little Fluffy Clouds - The Orb - whilst watching the thunder clouds gather outside of my office. We all know that clouds live in the sky, these amorphous ...
In the Olympics, after years of training and dedication it seems that in the eyes of the media and the public, it all comes down to winning or losing. An individual may have achieved an outstanding pe...
Sometimes, to understand where you need to go, you need to look back at what the past held. Banks previously employed a silo-based approach towards pricing and reacted only to competitive offerings wh...
Competition for high net worth (HNW) clients is pushing banks to innovate around new product offerings. A huge influx of wealth & private banking businesses has sprung up in the region, focusing o...
The following fact always comes as a surprise to many people: there are very few technologies (as opposed to features) that Apple actually invented. Take iPhone, for example: Apple simply "glued&...
It was interesting to read in the FT's special on 'Cyberwarfare' recently which identifies that pin pad payment terminals pose a security risk for millions of consumers. According to MWR InfoSecurity...
Personal Finance Management is in the focus of most banks nowadays. However, if it comes to PFM most banks (and vendors) are at the very early phase of their learning curve, at least, in the continent...
A French friend of mine recently boasted about his "ultra-secure" credit card issued by his local bank - that card required SMS-based authorization of every transaction. There is nothing sec...
Core banking systems were built for a slower technological pace, where code changes were rare and stability and security were paramount. Now, legacy core banking systems are an impediment to innovatio...
Viewing a balance is by far the number one transaction conducted in Mobile banking. Eighty per cent of the time it is the only activity done by a customer after they login. That’s right. Eight out ...