Direct Line: innovating InsurTech

Chris Skinner

Fleetlights is an army of drones that light up the night skies and are designed to help people in difficult … The post Direct Line: innovating InsurTech appeared first on Chris Skinner's blog. Fintech Grid Innovation

Retail Innovation Has Changed — Can SMBs Keep Up?

PYMNTS

percent of retailers have said they innovate to improve customer loyalty. That, in fact, is one of the main findings in the new Retail Innovation Readiness Index from PYMNTS, powered by FinTech firm AEVI. Innovation Divide. Payments Drives Innovation.

The High Price Of Payments — And Innovation — In Travel

PYMNTS

Innovation Challenges. Payments innovation, for starters, is an alien concept for many travel service providers, especially in the U.S. It’s because travel industry participants are keenly aware of the costs of innovation — and its often uncertain prospect of returns.

Corporates Compile Their Payments Innovation Wish Lists

PYMNTS

However, these professionals have their own ideas about where corporate payments innovation should be headed. Analysis suggests that executives are pushing for faster internal payments and exploring how the innovation would affect their credit management strategies.

Mastercard Talks Securing Innovation, And Innovating Security

PYMNTS

In financial services today, security and innovation can work with each other, and against each other. FinServ cybersecurity is, of course, a prime target for innovation. Mastercard president of global enterprise risk and security, Ajay Bhalla, recently explored the relationship between financial services innovation and security, telling PYMNTS how these two dynamics can complement each other while guiding the FinServ space in its journey to a better service offering.

Moving Past The Myths Of Payments Innovation

PYMNTS

Those are some of the common myths of innovation , and they apply to the payments world. There is no guarantee that any FI — no matter how much of a legacy and tradition it might have — will survive and thrive without a solid focus on innovation.

How Clothing Stores Are Driving Retail Innovation

PYMNTS

According to the PYMNTS Retail Innovation Readiness Index , 85 percent believe they need to innovate to stay competitive. And among large retailers, 82 percent said innovation is necessary for continued success.

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Today In Data: Digital Retail Innovation

PYMNTS

They are innovating to meet consumer demand for new payment methods , and to improve customer convenience through technologies such as kiosks. 56 percent: The percentage of retailers that say they innovate to meet consumer demand for new payment methods.

Look East for innovation

Chris Skinner

After all, it’s easy to call out banks for doing banking as usual but, if I … The post Look East for innovation appeared first on Chris Skinner's blog. Digital Bank Fintech Future Grid Innovation Opinion

What Innovators Can Learn From Uber Cash

PYMNTS

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Decomposer for innovator large or small, established or emerging.

Why Simple (Innovation) Sells

PYMNTS

Rudolf Booker , CEO and founder of Payvision , joined PYMNTS for the latest segment in the Commander in Chief series to explain why sparking innovation in payments may mean looking outside the payments industry itself to bring about real and lasting change.

Tapping Into The Digital Economy With Restaurant Innovations

PYMNTS

In a bid to serve customers through digital channels, quick-service restaurants (QSRs) are rolling out new innovations. We continue to demonstrate our ability to invest and innovate in a flexible manner,” he said, adding that the additions help the company stay up-to-date in digital.

Today In Data: Offering Innovations In Risk-Rich Environments

PYMNTS

Where there are underserved consumers looking to enter the digital ecosystem, there are innovators big (and, in some cases, very big ) and small looking to serve them. Lots to manage, lots of warning lights to watch – and a lot of consumers awaiting risk-proofed innovations.

A disruptive innovation appears

Chris Skinner

I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. Disruptive innovation creates new markets separate to the mainstream; markets that are unknowable at the time of the technologies conception.

Why organisations resist innovation

Chris Skinner

I love this thesis, as it really shows why it’s incredibly hard to innovate internally. The internal innovator is like some strange virus infecting the organisation. It is the reason why innovators have their dilemma. Grid Innovation

How The Gig Economy Is Igniting Spend Management Innovation

PYMNTS

That has been a really big innovation: that none of these firms are looking for workers to spend their own funds in support of those gigs,” Grant explained, noting that the one possible exception to that might be locations where cash-only purchases need to be made.

Advancing Innovation in the Global Financial Services Industry

Insights on Business

IBM RegTech Innovations. Innovations like pervasive encryption and secure service containers extend IBM Z leadership in cybersecurity, which is why it runs IBM’s blockchain network.

Shipwell On Driving Logistics Innovation Through Connectivity

PYMNTS

Jason Traff, president and co-founder of freight trucking company Shipwell , says these characteristics have created a highly fragmented market that, while large and lucrative, has seen little innovation.

Today In Data: Voice Payments Innovation

PYMNTS

New technologies bring new ways for consumers to buy and pay for goods and services, such as using voice-activated devices to order groceries, takeout, digital goods and clothing.

NEW REPORT: The Payments Innovation Guide To Going Global

PYMNTS

Whether in Australia, India, Europe or the United States, mobile phones aren’t just driving interconnectivity, but are the key channel driving innovation in payments and commerce.

12 reasons why banks don’t innovate

Chris Skinner

The post 12 reasons why banks don’t innovate appeared first on Chris Skinner's blog. Digital Bank Fintech Grid Innovation Opinion TechnologyI just got back from the ICEEfest in Bucharest, Romania.

NEW DATA: The 10 Key Innovations Driving QSR

PYMNTS

In fact, 62 percent of customers said innovations would make them more inclined to visit QSRs in the future, according to the latest PYMNTS Restaurant Readiness Index. Namely, are they being innovative and are technological features enhancing customer experiences?

Subway Seeks To Innovate, Reworking Kiosks, Loyalty And Mobile

PYMNTS

Consumers expect fast, efficient service that barely requires them to look up from their smartphones, and the modern QSR needs to innovate accordingly. and Canada, plus the innovation cues it’s taking from outside the restaurant industry. Attention To Innovation.

The top trends in retail banking innovation

Chris Skinner

I get lots of input from many sources, and one of the ones I like is the innovation survey of banking produced annually by EFMA with Accenture. Digital Bank Fintech Future Grid Innovation Technology Uncategorized

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Five Innovative Ways Consumers Shop In The Digital Age

PYMNTS

Find out how retailers are enabling purchases in stores as well as through apps, smart speakers and smart watches with new and innovative payment methods: A little more than eight in 10 — or 81 percent — of consumers travel to a store to make a purchase.

Turkish delights in innovation

Chris Skinner

They manage the Fintech Istanbul program, and are the powerhouse behind many of the innovations we’ve seen in Turkey from mobile wallets to contactless payments. We may describe Turkish banking sector as strong, innovative, modern and well-regulated.

A Guide To Corporate Innovation: 19 Strategies To Drive Innovation Now

CB Insights

After the success of Corporate Innovation Theater , we wanted to issue a more comprehensive guide to corporate innovation. If you want to learn how to drive growth, innovation, and digital transformation — be there. The (Somewhat) Sad State of Corporate Innovation.

Bank Innovation Launches Public Telegram Channel

Bank Innovation

Come join Bank Innovation’s Telegram Group. Bank Innovation‘s Telegram channel was created to foster discussion and collaboration among the fintech community on the latest trends, insights and events […]. Exclusive APIs Bank Innovation BlockChain fintech fintechs Telegram

Register for Bank Innovation Ignite 2019

Bank Innovation

Bank Innovation is pleased to announce its first conference for the coming year, Bank Innovation Ignite 2019. Bank Innovation Ignite is designed for fintech professionals and innovation executives at banks to learn about emerging technologies.

Emerging Innovation in Banking

Celent Banking

Over the past few weeks we have been previewing various content themes we will be discussing at our Insight and Innovation Day in Boston on April 4th. I would like to finish this series of posts by looking at the new Model Bank category we introduced this year – Emerging Innovation. When we added this category, we weren’t quite sure what to expect, but we certainly hoped to see the banks’ efforts at the “bleeding edge” of innovation.

TRENDING NOW: How IT Infrastructure Stunts FI Innovation

PYMNTS

When IT Becomes a Drag on Innovation. FIs want to innovate – 97 percent of banks and credit unions surveyed told PYMNTS they have focused on innovation over the past three years. What’s more, FIs with flexible IT infrastructures are twice as likely to be successful at innovating.

Innovation with compliance is difficult

Chris Skinner

You may find it gratifying that most of … The post Innovation with compliance is difficult appeared first on Chris Skinner's blog. Grid Innovation Regulation UncategorizedI’ve been at a few conferences this week, and was amused by an audience poll at one event. The moderator first of all asked: Do you believe that the regulators are in the incumbent’s pockets and protect the industry from new competition?

Bank Innovation Announces Demo Opportunity for Fintech Startups

Bank Innovation

On March 12, 2019, Bank Innovation will host its ninth DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in the hopes of earning their vote and walking away with fabulous prizes. It’s opportunity time for fintech startups.

WeWork Makes Its Pitch As An Innovation Enabler

PYMNTS

The innovation economy requires more than caffeine and collaboration for fuel. WeWork also wants to make a bigger name for itself as an enabler of innovation. Innovation Program. Innovator Awards.

NEW REPORT: How FIs’ Top Performers Scale And Monetize Innovation

PYMNTS

Successful innovation is all about operationalization. The good news is that the path to operationalizing innovation looks remarkably similar for all financial institutions (FIs). What does it mean to make innovation a mindset, in concrete terms?

More Banking CFOs Take Lead Role in Innovation, Accenture Says

Bank Innovation

Artificial Intelligence Daily Post 1 Exclusive Innovations Operations Premium Accenture Aspen Institute banking innovation C-Suite CFOs

Bank Innovation Announces Demo Opportunity for Fintech Startups

Bank Innovation

On March 12, 2019, Bank Innovation will host its ninth DEMOvation Challenge, in which fintech startups demo before a crowd of conference attendees in the hopes of earning their vote and walking away with fabulous prizes. It’s opportunity time for fintech startups.

Collaboration Spurs Treasury Management Innovation

PYMNTS

The seed of FinTech innovation often comes from a desire to do things differently. But as finance and payments tech expands, these traditional FIs are learning that perhaps the best way to meet the demands of their corporate clients isn’t to compete with FinTech innovators but to collaborate with them. In B2B payments, that can mean discontent in the way traditional banks and FIs do business or a need for disruptive technologies to come to market faster than banks can offer.

The innovator’s view of Open Banking

Chris Skinner

The general consensus around the table … The post The innovator’s view of Open Banking appeared first on Chris Skinner's blog. Digital Bank Fintech Grid InnovationI hosted a dinner focused upon Open Banking recently and what it means to FinTech firms and start-ups. There were no bankers at the table, but a lot of firms who consult, provide systems or are deploying new businesses in FinTech at the table.

Keep Calm and Innovate

Chris Skinner

Friday’s blog was all about bank innovation labs and structures. The thing is that as I walk into these hallowed places of bank sponsored creation, it feels like a very formal version of a FinTech … The post Keep Calm and Innovate appeared first on Chris Skinner's blog.

Innovation Must Be Measurable to Be Valuable [VIDEO]

Bank Innovation

The word “innovation” get thrown around a lot in banking these days (ah-hem!), but Lara Druyan, managing director, head of innovation, west coast, for the Royal Bank of Canada warned that without metrics, it is easy for innovation efforts to get “squishy.”

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Payments Innovation: Brand Of Choice Driven By Consumer Experience

PYMNTS

Not innovating is not an option. Perhaps in the early days of digital banking and mobile apps, innovative technology was a “nice to have,” but that is no longer the case. According to Johnson, the key takeaways are as follows: Innovation is a “must,” and it should not happen in a lab.

Innovation Project Has Arrived

PYMNTS

The big day has finally arrived — no thanks to Mother Nature, who decided to throw a disruption of her own at the year’s biggest celebration of innovation in the shape of a blizzard named Stella. The fifth anniversary of Innovation Project in Harvard Square today being one extremely tenacious example. Go to Innovation Project, aka “The Davos of Payments,” for two days of closed-door, off-the-record conversations on the campus of Harvard University.