Innovation? Humbug!

Chris Skinner

I hosted a banking seminar in the late 1990s where David Llewellyn, a Professor of Money, stood up and stated that “there will be more change in the next five … The post Innovation? Grid Innovation Uncategorized

From innovation theatre to real innovation

Chris Skinner

I was listening to a great discussion about innovation (again) amongst a group of innovative bankers. In particular, how the conversation about innovation has changed over the past decade. Digital Bank Grid Innovation

What does “innovation” mean in finance?

Chris Skinner

I recently was invited to be the keynote at some innovation awards in Ireland. It got me thinking about what innovation means in finance, so here are the notes from my speech. Grid Innovation

Facebook has forced the world’s banks to innovate

Chris Skinner

… The post Facebook has forced the world’s banks to innovate appeared first on Chris Skinner's blog. Blockchain Future Grid InnovationIt’s been interesting to watch the development of Facebook’s Libra project.

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

Why Innovation Acceleration Matters

PYMNTS

Innovation has become such a buzzword that it can be applied to countless solutions and initiatives, from emerging 5G mobile technology and the rise of “smart factories” to using blockchain to trace and track food supply chains to deploying kiosks to personalizing the ordering experience.

Weekly Wrap: Takeaways from Bank Innovation Build

Bank Innovation

In this episode, Suman Bhattacharyya, deputy editor, interviews Bob Meara, senior analyst at Celent, on some of the key conclusions from Bank Innovation Build. Bank Innovation Build Innovation Strategy Premium Retail Banking Video Celent Weekly Wrap

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

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.

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.

What Does Innovation Mean For Financial Institutions?

PYMNTS

Innovation can be a blanket term in the banking world. Is artificial intelligence (AI) for anti-money laundering (AML) compliance innovation? percent of all FIs consider both their core and IT systems effective for innovation, while 19.7 Areas of Innovation Focus.

Why We Need Bank Innovation Build

Bank Innovation

It is this revolution that has led us to present Bank Innovation Build, our newest conference, on Nov. Bank Innovation Build 2019 Capital Commerce Corporate Exclusive Experience & Design? There is a revolution going on inside banking. And that’s not just a cheap cliche.

How Innovation Priorities Are Evolving for FIs

PYMNTS

But how much are FIs really investing in blockchain and artificial intelligence (AI) compared to more foundational innovations? The latest Innovation Readiness Playbook looks at where FIs have been focusing over the past three years and what their plans are for the near future.

Driving Innovation With Digital Platforms

PYMNTS

Digital platforms are driving innovation in the health and wellness space. In other digital innovation news, Amazon is growing its 4-star store footprint , showcasing items rated four stars or higher by online shoppers.

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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Cameras Help Fuel Retail Innovation

PYMNTS

When it comes to retail innovation — changes that promise to influence commerce not only this year, but in the 2020s — cameras could have a significant role. That’s not the only way innovation with cameras can help retailers.

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

Blockchain for KYC: Game-changing RegTech Innovation

Insights on Business

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. IBM driving innovation.

Why Drive, Not Size, Is Key To FI Innovation

PYMNTS

When it comes to technological innovation, however, the smaller players have long been outgunned by larger FIs and their sizable IT budgets. Today, small banks are more aggressive and ambitious in their innovation strategies than medium-sized and large FIs.

How 45 Pct Of Old-School SMBs Plan To Innovate

PYMNTS

In today’s digital economy, with shopping as easy as the tap of a finger on a smartphone screen, brick-and-mortar retail businesses have no choice but to innovate to keep and grow their clientele. percent of these businesses view innovation as critical to their survival.

Payments Execs Weigh In On Innovation For The Roaring 2020s

PYMNTS

To get a sense of the most significant seismic shifts that have pushed payments innovation inexorably ahead through the past 10 years, as well as what lies over the horizon, PYMNTS queried 29 C-level executives with a collective thumb on the pulse of innovation.

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.

REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

However, financial institutions (FIs) are getting better at separating vital areas of innovation from the hype. Banks are increasingly focusing on the fundamentals when determining their innovation agendas.

5G Fuels Factory And Enterprise Innovation

PYMNTS

But as time passes and a new decade approaches – one that promises even higher levels of digital innovation and disruption – it’s becoming ever more clear that 5G mobile network technology will help power the so-called Industrial Revolution 4.0. Innovation 5G digital mobile News Technology

10 Most Innovative CEOs in Banking 2017

Bank Innovation

Exclusive Features Innovations Mobile Online Payments 10 Most Innovative CEOs artificial intelligence Citi Fintech clinc Mobile banking online banking Starling Bank UK fintech

For startups to bridge banks’ fintech gap, innovation execution needs a reality check

Bank Innovation

This is the second article in a two-part series on bank-fintech collaborations based on the 2019 State of Banking Innovation Survey, a study conducted by Bank Innovation and INV Fintech. Carousel Innovation Strategy INV Fintech Startups APIs collaboration innovation strategy

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?

Pharmacies Drive More Retail Innovation

PYMNTS

Pretty much everyone needs medicine at one or another, and that need is helping to drive retail innovation and attempts at disruption in the pharmacy business. But innovation efforts continue for retail pharmacy operations.

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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.

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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Fintechs, Beware of ‘Innovation Tourists’

Bank Innovation

Now that the industry is (mostly) clear on the fintech “friend or foe” issue, startups are busy pitching their products to the eager incumbents and their innovation teams. Startups, beware of “innovation tourists.” Exclusive Innovations Operations Startups Technology Wealth Management fintech startups GoldBean innovation Jane Barratt

Apparel, Embracing Digital, Drives Innovation In Retail

PYMNTS

Apparel used to be mostly a brick-and-mortar retail experience, but that has changed drastically over the last few years – and has been one of the main innovations when it comes to commerce related to the clothes we wear. Retail apparel brick and mortar clothing ecommerce Innovation News

‘Simple’ Will Be Instant Payments Breakthrough Innovation

PYMNTS

Payments Innovation Featured News How To Instant Ingo Money instant payments News payments innovation podcastWhen the history of the paper check is written someday, scholars will not note it was the best payments form, nor the fastest, cheapest or most beloved.

How Technology And Market Trends Spawn Innovation

PYMNTS

And, in digital banking, banks are innovating with their strategies for fraud protection and anti-money laundering (AML). Today In Data AML athleisure Commerce Digital Banking DTC fraud protection Innovation News online ordering payments Restaurants Retail Technology Today in Data

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RBC Head of Innovation Lara Druyan Joins Bank Innovation 2018

Bank Innovation

EXCLUSIVE – Lara Druyan, managing director and head of innovation at Royal Bank of Canada, has joined the speaker faculty for Bank Innovation 2018. Bank Innovation 2018 will take place March 5-6 in San Francisco.

Why FIs Are Laser-Focused On Corporate Credit Innovation

PYMNTS

Innovation has been the name of the game for financial institutions (FIs) large and small in recent years. However, the parameters of innovation are shifting from a few years ago, when FIs were more inclined to roll out new products and chase shifting market trends.

Innovative Ecosystem Draws FinTech Firms To Toronto

PYMNTS

Toronto is a powerhouse for financial innovation in Canada: The city has the most sizable ecosystem for FinTech in the country, with 185 startups per one count. Innovation canada FinTech News NorthOne Toronto

TD Bank’s Fowler to speak at Bank Innovation Build

Bank Innovation

Fowler will talk about his work on a panel discussing bank-fintech collaborations at Bank Innovation Build, which runs from November 6-7. Bank Innovation Build Carousel Innovation Strategy Retail Banking Layer 6 td bank

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.

Meet Ryan Gilbert, One of the Geniuses of the Innovation Bar at Bank Innovation 2018

Bank Innovation

Bank Innovation 2018 will be. Exclusive Innovations Bank Innovation 2018 Propel Ventures Ryan GilbertShouldn’t banks be more like Apple stores? And shouldn’t fintech conferences be more like Apple stores?

Early registration discount for Bank Innovation Build ends Friday

Bank Innovation

The early registration deadline for Bank Innovation Build ends this Friday. Bank Innovation Build, to be held at the W Atlanta Downtown on November 6-7, 2019, is an all-new event presented by Bank Innovation. Bank Innovation Build Carousel

Grasshopper Bank CEO Erwin to speak at Bank Innovation Build

Bank Innovation

Bank Innovation Build Carousel Innovation Strategy Startups Grasshopper BankNew York City-based Grasshopper Bank is building a digital banking product ecosystem for the startup community.

SMBs Cross The Chasm Of Accounting Innovation

PYMNTS

Those challenges have made SMBs notoriously technology-adverse, though it may be an unfair characterization, particularly considering the influx of small business FinTech innovation in recent years. “And a lot of the innovation is coming at the early stage.”