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

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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

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

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.

Startups to take the stage at Bank Innovation Ignite

Bank Innovation

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. Bank Innovation Ignite Customer Experience Innovation Strategy Lending Retail Banking Citibank Fifth Third INV Fintech Wells Fargo

Balancing payment innovation and trust

Mobile Payments Today

Rapid innovation in the global payments space has created new opportunties for bad actors to expoit these new ecosystems and requires ways of thinking on how to approach the subject

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

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

Bank Innovation Ignite to focus on digital customer journey

Bank Innovation

Bank Innovation Ignite, which will take place on March 2-3 at the Grand Hyatt in Seattle, is an invitation-only practitioners’ retreat that will explore the evolution […]. Bank Innovation Ignite Carousel Innovation Strategy Retail Banking Startups Bank Innovation Ignite 2020

Early registration discount for Bank Innovation Ignite ends tomorrow

Bank Innovation

The early registration deadline for Bank Innovation Ignite ends tomorrow, Friday, January 24. Bank Innovation Ignite, which will take place at the Grand Hyatt Seattle, March 2-3, 2020, is an exclusive invitation-only event presented by Bank Innovation.

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.

Innovative Sales Models And Technologies In Retail

PYMNTS

Today In Data Augmented Reality Commerce direct-to-consumer DTC ecommerce Innovation News payments Today in Data virtual realityConsumers pay a significant amount of money for beauty products, with much of the prices set by middlemen.

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.

HSBC’s Alvaro Teixeira to speak at Bank Innovation Ignite

Bank Innovation

Alvaro Teixeira, executive vice president and head of customer value management at HSBC Bank USA, will attend Bank Innovation Ignite this March 2-3 in Seattle. I’m excited to join Bank Innovation Ignite to dive further into how technology […].

Partnership Innovates Transportation SCRM

PYMNTS

Resilience360, incubated in DHL’s global Innovation Center , provides a continuous supply chain risk assessment and monitoring service.

Delivering Caffeinated Innovation Through eCommerce

PYMNTS

eCommerce innovators, however, are offering consumers the opportunity to get an energy boost from one instant cup of coffee without the need to find multiple cups of coffee outside of the house. Coffee eCommerce 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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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

Renting Furniture, Smartphone Chargers With Retail Innovation

PYMNTS

Today In Data Commerce data furniture rental Innovation News payments Retail Technology Today in Data

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.

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.

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.

Why Digital Payments Innovation Sticks To Gen Z

PYMNTS

Payments Innovation Commerce elan Featured News Generation Z Innovation loyalty Mobile Wallets News P2P payments RewardsThings move fast – perhaps too quickly at times – in payments and commerce.

The Senior Factor In Smart Home Innovation

PYMNTS

Innovation Aging Population Baby Boomers biometrics connected home Digital Payments Featured News home tech Mobile Payments News Seniors smart home U.S. The U.S. population is getting older. Today, there are roughly 50 million Americans over the age of 65, according to the U.S.

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.

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

‘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.

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?

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.

The Future Of FIs Is About Flexible Innovation

PYMNTS

Innovation is no longer optional – it’s table stakes to stay in the game. Some FIs are ready to innovate, and some aren’t. PYMNTS and i2c have been studying that question for the last two years – and attempting to answer it with the Innovation Readiness Playbooks.

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.

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.

Ten Years Of Payments Innovation And Reinvention

PYMNTS

As Seedrs CEO Jeff Kelisky told Karen Webster in a recent discussion, while most people in 2009 took one look at the sputtering and shuddering economy, there was a whole class of innovators and entrepreneurs who didn’t see a nuclear wasteland where the economy used to be.

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.

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.

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

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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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.

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.