article thumbnail

Will Apple Bank be the first new American intech Bank?

Chris Skinner

On Wednesday the American Office of the Comptroller of the Currency (OCC)* followed up on its promise last December to introduce a national bank charter for Fintech bank startups by issuing a white paper on how to apply for a licence, the evaluation process and what will be involved. See OCC Issues Responsible Innovation Framework.

Apple 307
article thumbnail

Turkey to be cashless by 2023

Chris Skinner

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. In this growing and dynamic market, payments have been one of the major drivers of growth and innovation.

National 300
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Congratulations to All Celent Model Bank 2017 Award Winners!

Celent Banking

Undoubtedly, the highlight was attending Celent's Innovation and Insight Day on April 4th, where we celebrated achievements of the Model Bank and Model Insurer award winners. Consumer Banking Channel Innovation. National Australia Bank, Australia. Product Innovation. Millennium BCP, Portugal. Branch Transformation.

article thumbnail

Jump-Starting Performance Improvement: A Case Study from Elevations Credit Union

Filene

In 2014, ECU became the first credit union to receive the Malcolm Baldrige National Quality Award (MBNQA). The MBNQA was established by the US Congress in 1987 to recognize organizations for excellence in innovation, improvement, and performance.

article thumbnail

Financial Services: The Next Generation … where is it?

Chris Skinner

I’ve blogged about how I see leadership in the developing (developed now) economies of China and India, and the new innovation models of emerging economies in Sub-Saharan Africa, but not quite in the way in which I see them now. The more I think about it, we have three major FinTech models, each with their own unique blend of thinking.

Fintech 268
article thumbnail

Rwanda: Africa’s first cashless economy?

Chris Skinner

Another presentation that was enlightening was delivered by Jean Claude Gaga, CEO of RSwitch Ltd, the national e-payment switch of Rwanda.

National 299
article thumbnail

What is the right innovation paradigm around banking?

Tomorrow's Transactions

What’s the big picture around banking, payments and innovation? Maybe the new paradigm will be the bank as facilitator of innovation rather than innovator. From Co-Dependence Between Banks and Their Technologists: Hampering Innovation — Payments Views from Glenbrook Partners ]. This set the dynamic for innovation.