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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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Prakash Pattni MD, Financial Services Digital Transformation at IBM Cloud
As London Fintech Week kicks off today, we are reminded of the important role the city plays in the global fintech industry. In fact, the UK fintech sector – much of it centred in London - has been going through something of a golden age in recent years, and the figures back this up. The UK registered a record year in annual fintech investment in ...
11 July 2022 /regulation /startups
John Bertrand MD at Tec 8 Limited
Scammers are after your money in your bank account and the latest UKFinance Fraud Report 2022* generated newspaper headlines below: “Britain is £3bn fraud capital of the world: Probe reveals 40m Britons have been targeted by scammers this year... but just 2% of our police are investigating the crime plague”** In fairness, bank fraud – Credit Cards,...
05 July 2022 /regulation /crime
Mark Cusack CTO at Yellowbrick Data
The ability to analyze massive volumes of data in real time and at scale can provide organizations with a strategic advantage over their competition. However, for many financial institutions, business users and IT teams have faced significant challenges. As data volumes continue to rise, their historically on-prem solutions are unable to keep up. ...
18 May 2022 /cloud
Retired Member
The financial industry is no stranger to innovation investment. Even before the onset of the pandemic, banks and their fintech partners had unveiled many successful innovations – from digital wallets to effortless peer-to-peer transactions. But innovation in fintech continues at a breakneck clip and traditional fintech institutions are playing cat...
02 May 2022 /wholesale
Bo Harald Chairman/Founding member, board member at Transmeri, Demos, Real Time Economy Program,MyData
Is all data MyData?21 December 2018211 All data is somebody's data. Not really owned - but somebody is having the often exclusive right to use it. Sometimes alone, sometimes together, sometimes the right to alter and delete it, sometimes no right to change or delete it. What will happen next - when GDPR is a? strong foundation and MyData.org - the...
14 April 2022 /people /identity
The ever-present risks from climate change have made sustainability a key topic for financial institutions. Companies have historically driven financial, security, and agility benefits through the cloud, but there is also clear ESG benefits to taking a cloud-first approach. During a recent panel discussion with colleagues, and with Microsoft’s EME...
22 March 2022 /sustainable /inclusion
In these dark days of brutal military aggression, it is important to find time to also look forward and discover new ways to make Europe more competitive and secure. The next phase of digitalization – the trusted data infrastructure based on Self-Sovereign Identity and MyData principles - is now an opportunity on an unprecedented scale. The impa...
20 March 2022 /retail /identity
Steven Rackham CTO for Financial Services at NetApp
Open banking has been a game-changer for financial services. It has enabled financial institutions and third-party providers (TPPs) to exchange data and services – not only enhancing existing capabilities but delivering improved experiences to market with access to transaction data. Take a mortgage application, for example. With open banking, cu...
01 March 2022 /inclusion /predictions
eIDAS2 is a fundamental step forward. It is building on MyData principles and the legal right for EUcitizens to get their data into practical use. One of the key elements is the no-need-for-technical-integration depicted below. Still there may be some countries that see the wallets only an identification tools - instead of builders of identity for ...
12 February 2022 /payments /identity
Arun Kannan Head of Innovation - BFSI ANZ at Tata consultancy services
The Financial Services Industry has gone through a rapid and significant digital transformation journey in the financial year 2020-21 viz. Digital Adoption, Cognitive Automation, Conversational Servicing, Video KYC, and open banking etc. The need for digital technologies is gaining momentum in the financial services industry and innovation is goin...
11 February 2022 /retail /predictions
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