Latest opinions that Stacey Small has shared on Finextra

Innovation - A new world for banking or A new bank for the world?

The word innovate was first recorded in 1540. Somewhat surprising, to hear people banging on about it like it’s a revolution. What does innovation mean? And is innovation really ‘a new world for banking’ or should it be ‘a new bank for the world?’ Are fancy interfaces an imperative or is there a bigger picture that bears far more valuable fruit? I...

01 November 2017 /inclusion Financial Inclusion

Innovation: A new world for banking or A new bank for the world?

The word innovate was first recorded in 1540. Somewhat surprising, to hear people banging on about it like it’s a revolution. What does innovation mean? And is innovation really ‘a new world for banking’ or should it be ‘a new bank for the world?’ Are fancy interfaces an imperative or is there a bigger picture that bears far more valuable fruit? ...

06 October 2017 /retail Online Banking

2018 - The Year of PSD2, GDPR and Innovation

2018 is set to be a very interesting year - particularly if your role has anything to do with payments or data. The go live date for PSD2 is Saturday 13th January and GDPR a short five months later, on Friday 25th May. Both these high profile initiatives are being driven by the European Commission and the combined implications in terms of what nee...

20 August 2017 /payments Innovation in Financial Services

Is Apple about to take a bite out of the retail banking industry?

At the latest Apple Worldwide Developer Conference (WWDC) in San Jose, June 17 2017, Apple confirmed the rumours that they will create their own payments service which will be linked with Apple’s mobile wallet, Apple Pay. This will allow users to send money directly to their contacts via iMessage. Currently Apple Pay only allows users to load thei...

28 July 2017 /retail Innovation in Financial Services

How large is micro?

When designing a software solution, ‘micro-services’ is one of today’s buzz words with which you need to be compliant to be cool. But what is a micro-service and what is the size of a micro-service? As with every topic on application architecture and software engineering, a good source of inspiration are the blog posts from Martin Fowler (http://ma...

02 June 2017 Digital Banking Trends

PSD2 is fast approaching. Don’t bury your head in the sand

The PSD2 deadline is just seven months away, and we all know just how quickly time flies. Market feedback suggests that many financial institutions are still in the ‘reflection’ phase. So far, this year we have seen the EBA (European Banking Authority) publish the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) and com...

19 May 2017 /regulation EBAday

DigitalTransformation: The key is an enlightened CEO.

Digital transformation in finanial services is frought with challenges. Forget all of the technology headaches and look closer to home. An enlightened CEO is the first step on the journey. Digital Transformation is no longer a pipedream, it's one of today's top imperatives. if you want to compete effectively in a financial services industry awash w...

12 May 2017 /retail Digital Banking Trends

Relationship Status with my bank: It’s Complicated

How well do you feel your bank really knows you? GDPR is on the way and could be seen as another hoop to jump through for the banks. But the upside of managing your data in a more systematic, harmonised manner could in fact enable the financial institutions to really get to know their clients and push forward in terms of customer sevice and busine...

05 May 2017 /regulation

DoWhatYouCant

If you haven’t seen the latest TV commercial from Samsung then you need to. Set to the theme of Elton John’s ‘Rocket Man’ an adventurous and ambitious, flightless ostrich accidentally finds itself with a virtual reality headset which enables him, in what seems to be over a 24 hour period, to achieve the impossible, and fly. Whether you like the ad...

02 May 2017 /retail