Community
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.
As the owner, you will also give up ownership if you leave this group.
Chris Principe CEO at APB, Inc.
Transaction Banking - The Suite Life: Since the financial crisis bank management has given high priority, attention and investment to fee generation businesses and fee generation business that are risk manageable. This has given Transaction Banking (Cash, Trade, FX and Payments) the opportunity to move into the top suite of the banking hotel. Th...
10 October 2013 /wholesale
Retired Member
The Creation / Curation of Content for Consumption and/or Collaboration in Clusters of Connected Communities Believe me, it’s easier said than done, and it certainly isn’t easy to say! But as any consonantal alliteration, the 8Cs is a framework to help structure thinking around social media. Knock it down, tear it up and build on it to make it wor...
04 October 2013
Riedel emailed me a "20% off" coupon this morning. It's not a big secret that I like fine wines (it says so on my LinkedIn profile) and a quality glass makes a huge difference as far as taste is concerned. In fact, with Riedel glasses, different designs make plain water (!) taste differently. I didn't believe that myself until I tried it...
04 October 2013 /retail
I had to register a new card with Skype this morning (the old one expired). Tried my newly minted Barclays Mastercard. At the first attempt, the transaction was aborted, without any explanation. Tried again. My second attempt resulted in some weird error message saying "Please complete the authorization process" followed by - on the same...
04 October 2013 /payments
I had an interesting discussion with Brett King as to what "mobile" payments really are. Let's look at history, semantics and the core element of any payment (Exec Summary - it's all about authentication). To be pedantic, the original meaning of the word "pay" is to "hand over money (or goods) in exchange for goods or servi...
03 October 2013 /payments
Cash and Trade - Like Mixing Apples with Oranges There has been much written regarding the convergence of cash and trade to benefit the banks’ corporate clients. The benefits are real, banks delivering cash and trade has not been real. The corporate CFOs are challenged with a never ending quest of optimizing their capital. Over the last few decades...
03 October 2013
Brett King CEO & Founder at Moven
There has been some debate on Finextra of late as to whether Mobile Wallets and Payments are mainstream, or whether we are still years off seeing them have some real impact on commerce and payments. I thought I would give the Finextra community the benefit of some simple research that shows that not only are mobile payments gaining traction, but f...
I am, however reminded that historicaly, banks weren't lock or safemakers, they were banks. Lock-pickers & safecrackers had quite a few wins, but different specialist industries evolved to deal with that. The banks didn't start becoming safemakers or lock inventors, they stuck to their banking. Probably a good thing. Strangely in the digital ...
Pat Carroll Founder/Executive Chairman at ValidSoft
The US Federal Reserve Banks recently announced a public consultation exercise on improving the future U.S. payment system. In the U.K., the newly formed Financial Conduct Authority (FCA) has also just published an interim report exploring some early findings of a review into mobile banking services, setting out the possible risks to consumers and...
02 October 2013 /security /payments
Last year the US contributed close to 20% of the world's GDP despite coming off the back of the biggest economic downturn since the 1930's Great Depression. The US, UK, Germany, Russian and CIS States, and China dominate the world's payment landscape currently, but in volume of non-bank payments the US dominates with over 50% of the world's total...
02 October 2013 /payments
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.