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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Shaju Nair

Shaju Nair Payments SME, Product Manager at Temenos

CBDC - the waking giant

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 ...

/payments /crypto

Thomas Pintelon

Thomas Pintelon Head of Strategy at Capilever

Radically rethinking financial products from their core – 5 examples

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...

/wealth /retail

James Wooster

James Wooster COO at Glue42

The Fragmented Desktop

Regardless of whether you are a trader or a portfolio manager, the user journey in Financial Services is, to date, a tale of disparate technologies, inconsistent ergonomics, and poorly optimized workflows. Financial institutions constantly innovate and introduce new applications, thus placing a significant cognitive demand on the end user. While a...

/wealth /devops

Joris Lochy

Joris Lochy Product Manager at Intix | Co-founder at Capilever

A good business plan is the foundation of every new idea

Having a true "blue" (introvert and analytical) personality type, I often feel envy towards charismatic (often extravert) entrepreneurs and more specifically the ease with which they can setup new businesses and coordinate different activities. At the same time, it amazes me how many of those successful entrepreneurs have poor skills in f...

/startups

Hans Hagen

Hans Hagen Founder at Alphastrike

What kind of partnership do YOU need?

Most businesses have some problem they need to solve at any given point in time. These days, getting stellar growth may be a challenge, and the cost of acquiring a new customer seems to go only one way. Up. Ouch! For others, it may be that the business you set up a few years back is no longer performing as expected, and a change is needed. But you...

/startups /inclusion

Emilie Casteran

Emilie Casteran CEO at YouTransactor

SoftPOS: are smartphones going to displace Payment terminals?

Tech-savvy consumers started using leading mobile wallets in the likes of Apple Pay, Google Pay, Samsung Pay, a few years back. Under the circumstances created by COVID-19, a new wave of adopters joined the ranks as more and more in-store clients favored contactless transactions. So it is now widely known that smartphones can be used as a payment ...

/payments /predictions

Paul Shumsky

Paul Shumsky Technology Advisor at Entrepreneur

Top 5 Financial Software Development Companies

Growing Impact of Financial Software Solutions The COVID-19 pandemic provided a unique opportunity for the fintech industry. It fast tracked a shift from traditional banking services predominance to the abundant digitalization of financial services. This year is likely to be just as momentous, with digital banking no longer considered just a finan...

/payments /retail

Steve Strickland-Wright

Steve Strickland-Wright Group CTO at Fluent Money Group

Converting data into customer value

Today’s forward-thinking financial services providers are turning to next-generation technologies such as Big Data Analytics, AI, and cloud-native applications. This shift in direction has been sparked by a need to match the performance and flexibility of new market entrants and to meet growing market expectations for digital services. With the de...

/cloud /markets

Retired Member

Retired Member 

Dark money, and what banks can do about it

Recent money-laundering scandals have shaken public trust in the banking sector. How can banks rethink their approach to AML? The BBC’s recent Panorama documentary, “Banking Secrets of the Rich and Powerful,” is an uncomfortable watch for anyone working in the banking sector. While all banks have anti-money laundering (AML) teams and talk about t...

/crime

Stu Bradley

Stu Bradley Sr. VP of Risk, Fraud and Compliance Solutions at SAS

Fraud and Financial Crimes: 5 predictions for 2021

2020 was a year like no other, as disruption from the novel coronavirus pandemic created interlinked health and economic crises. In retrospect, the unknown magnitude of COVID-19 and its ripple effects did little to derail the accuracy my 2020 fraud predictions. Three of the five came to fruition, and we saw partial progress toward the remaining tw...

/crime /predictions