Expert insights. Personalized for you.
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. Just before the financial crisis hit, innovation was big … The post From innovation theatre to real innovation appeared first on Chris Skinner's blog. Digital Bank Grid Innovation MORE
A spirit of innovation and can-do attitude will serve you well this year, helping you remain ahead of the curve and address issues that arise. That spirit of innovation and can-do attitude will serve you well this year, helping you remain ahead of the curve and address issues that arise. MORE
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. It’s a fantastic expo organised by Dragos Stanca and his team, and was very enjoyable even with the master of ceremonies, Jeff Leach, taking the mickey out of me. Jeff is an actor and comedian, and spent the whole conference f-bombing the speakers and the audience. Different! MORE
As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce. MORE
In my previous post, I highlighted a few of the incredible innovations we saw during the Efma-Accenture Banking Innovation Awards in 2019. The post Three significant innovations leading banking accessibility appeared first on Accenture Banking Blog. MORE
There’s a huge opportunity [in B2B payments] for businesses that have traditionally focused on the consumer,” David Disque , president of Corporate Spending Innovations (CSI), said in an interview with Karen Webster. MORE
The Efma-Accenture Banking Innovation Awards have been a catalyst for innovation in banking since their inception in 2013. Since then, I look forward to them every year as the industry rewards and celebrates innovation. MORE
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 MORE
As technology continues to disrupt the traditional way of doing things and innovation moves at an increasing pace—some say a “frenetic” pace—the leaders of the financial services industry will need to move fast to respond.…. MORE
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. I trust it’s useful … Thank you for inviting me here to join you here for the … The post What does “innovation” mean in finance? Grid Innovation MORE
266 
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. The internal innovator may be encouraged to challenge and question the way the company works, but anyone dealing with such a creature finds them objectionable. It is the reason why innovators have their dilemma. You cannot innovate in an organisation that will do its utmost to resist change. MORE
There are a number of important innovations underway that are changing the industry Latin America is becoming an increasingly important market in the global payments business. MORE
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 UncategorizedBill Gates said in the early 1990s that “we need banking but we don’t need banks anymore”. He was wrong. MORE
258 
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 OpinionI often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car? MORE
… 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. As I expected, regulators hate it and are asking lots of questions about it. Most seem to want to ban it. And now PayPal has dropped out of the original founding team, with Visa and MasterCard rumoured to follow. MORE
My … The post Pay-by-Nose, a new innovation appeared first on Chris Skinner's blog. Case Studies Fintech Future Grid Innovation TechnologyI blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent. MORE
But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. Using innovation to move consumers more into the “want to” camp comes with a unique set of challenges, some easier to overcome than others. MORE
In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement. MORE
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 MORE
Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Bank Innovation Ignite Carousel Innovation Strategy Payments AI Bank Innovation Ignite 2020 Figure MORE
Exclusive Features Innovations Mobile Online Payments 10 Most Innovative CEOs artificial intelligence Citi Fintech clinc Mobile banking online banking Starling Bank UK fintechFintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. MORE
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 InnovationAt the conference I attended the other day, one speaker highlighted some InsurTech I’d not seen before but thought pretty cool. It’s a prototype service from Direct Line called Fleetlights. MORE
Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem. MORE
The Efma-Accenture Banking Innovation Awards are set to return on November 18th for a virtual celebration of banking’s best and brightest. With a record 816 innovations submitted by 275 institutions in 73 countries, I’m excited to see what this year has in store. MORE
The key innovation is the adoption of a value-based, or token-based, approach to money. Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance. MORE
Visa Talks Payment Rail Innovation. In a PYMNTS interview this month, Visa Global Head of New Payment Flows at Visa Business Solutions Alan Koenigsberg discussed the need for existing payment rails to innovate and adapt to new use cases. MORE
Western Union is moving forward with a mindset grounded in collaboration, cooperation and innovation. Payments Innovation Commerce COVID-19 digital commerce Digital Payments eBooks Innovation News payments western union MORE
The Efma-Accenture Banking Innovation Awards are always a highlight of the year for me—and 2021 promises to be one of the most exciting competitions yet. The post Three innovative solutions shaping the future of the banking industry appeared first on Accenture Banking Blog. MORE
As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. B2B Payments B2B banking Digital Banking FinTech Innovation News MORE
The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception. MORE
I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors. Meantime, we need to really understand the difference between sustainable innovation and disruptive innovation, in order to see if there any disruptive change in banking. MORE
In a recent analysis of innovation assessment scores, a new addition to its carrier credit rating framework, AM Best found scores a tad below those from a year ago. The post Benchmarking Innovation: What Do Indices Foretell? MORE
The post Canada, time to expect an innovative lifestyle banking app appeared first on Accenture Banking Blog. Uncategorized Bank Innovation Customer Experience future of bankingThe first mobile banking application hit the Canadian market over ten years ago. MORE
No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. Retail beauty Beautycounter D2C digital commerce ecommerce Innovation News personal care MORE
Community banks are independent institutions fueled by the needs of their individual communities, so what constitutes innovation will look and feel different for every bank. As the popular saying goes, “Creativity is intelligence having fun”—and the same can be said for innovation. MORE
Innovation Related Topics Chris Skinner
OCTOBER 10, 2019
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 UncategorizedBill Gates said in the early 1990s that “we need banking but we don’t need banks anymore”. He was wrong.
Accenture
JUNE 9, 2021
Following our article on 5 actions to enable Open Banking for business finance, we now consider how commercial banks can innovate their entire business model by using Open Banking frameworks to build a powerful ecosystem.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Accenture
NOVEMBER 7, 2021
The Efma-Accenture Banking Innovation Awards are set to return on November 18th for a virtual celebration of banking’s best and brightest. With a record 816 innovations submitted by 275 institutions in 73 countries, I’m excited to see what this year has in store.
Accenture
DECEMBER 15, 2021
As technology continues to disrupt the traditional way of doing things and innovation moves at an increasing pace—some say a “frenetic” pace—the leaders of the financial services industry will need to move fast to respond.….
Advertiser: Data Robot
In March 2020, the world was hit with an unprecedented crisis when the COVID-19 pandemic struck. This whitepaper reviews lessons learned from applying AI to the pandemic’s response efforts, and insights to mitigating the next pandemic.
.png)
Chris Skinner
JULY 20, 2020
My … The post Pay-by-Nose, a new innovation appeared first on Chris Skinner's blog. Case Studies Fintech Future Grid Innovation TechnologyI blog regularly about what a fanboy I am of Chinese technology giants Alibaba and Tencent.
Independent Banker
DECEMBER 31, 2021
A spirit of innovation and can-do attitude will serve you well this year, helping you remain ahead of the curve and address issues that arise. That spirit of innovation and can-do attitude will serve you well this year, helping you remain ahead of the curve and address issues that arise.
PYMNTS
JANUARY 27, 2021
In " A Look Forward: What Executives Wish for America and the World in 2021 ," Nat Salvione, chief commercial officer of Tango Card , discusses the innovations that have emerged since the pandemic: specifically, the use of pay-ahead apps and remote team engagement.
Accenture
JANUARY 8, 2021
The key innovation is the adoption of a value-based, or token-based, approach to money. Central bank digital currency (CBDC) represents a potential digital sea change in the daily function of finance.
Chris Skinner
NOVEMBER 11, 2018
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 InnovationAt the conference I attended the other day, one speaker highlighted some InsurTech I’d not seen before but thought pretty cool. It’s a prototype service from Direct Line called Fleetlights.
Independent Banker
OCTOBER 31, 2021
Community banks are independent institutions fueled by the needs of their individual communities, so what constitutes innovation will look and feel different for every bank. As the popular saying goes, “Creativity is intelligence having fun”—and the same can be said for innovation.
|
Accenture
AUGUST 9, 2021
In my previous post, I highlighted a few of the incredible innovations we saw during the Efma-Accenture Banking Innovation Awards in 2019. The post Three significant innovations leading banking accessibility appeared first on Accenture Banking Blog.
Chris Skinner
OCTOBER 9, 2019
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. I trust it’s useful … Thank you for inviting me here to join you here for the … The post What does “innovation” mean in finance? Grid Innovation
PYMNTS
DECEMBER 16, 2020
As FinTechs and other financial service providers drive commercial card adoption, virtual card technology becomes an increasingly popular focus of innovation initiatives, particularly as corporates demand solutions to support a remote workforce.
PYMNTS
SEPTEMBER 14, 2020
But the one thing that might work is taking a page from the innovation playbook that Netflix seems to have written and followed over the last 22 years. Using innovation to move consumers more into the “want to” camp comes with a unique set of challenges, some easier to overcome than others.
PYMNTS
MAY 27, 2020
The COVID-19 pandemic is accelerating the pace of digital innovation across the financial sector, and credit unions (CUs) are no exception.
PYMNTS
OCTOBER 8, 2020
As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. B2B Payments B2B banking Digital Banking FinTech Innovation News
Bank Innovation
FEBRUARY 27, 2020
Tony Morosini, vice president of banking and payments at Figure, will attend and speak at Bank Innovation Ignite on March 2-3 in Seattle. Bank Innovation Ignite Carousel Innovation Strategy Payments AI Bank Innovation Ignite 2020 Figure
Accenture
MAY 17, 2021
The Efma-Accenture Banking Innovation Awards are always a highlight of the year for me—and 2021 promises to be one of the most exciting competitions yet. The post Three innovative solutions shaping the future of the banking industry appeared first on Accenture Banking Blog.
Mobile Payments Today
FEBRUARY 21, 2020
There are a number of important innovations underway that are changing the industry Latin America is becoming an increasingly important market in the global payments business.
Mobile Payments Today
NOVEMBER 22, 2019
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
Daily Fintech
MAY 26, 2021
In a recent analysis of innovation assessment scores, a new addition to its carrier credit rating framework, AM Best found scores a tad below those from a year ago. The post Benchmarking Innovation: What Do Indices Foretell?
PYMNTS
OCTOBER 12, 2020
No matter how innovative they are, companies still need to get paid. And not many companies this year have combined business model creativity with payments innovation more than Beautycounter. Retail beauty Beautycounter D2C digital commerce ecommerce Innovation News personal care
Chris Skinner
APRIL 6, 2017
I was listening to a financier talking about FinTech the other day, and claiming that they are all sustaining innovations and not disruptive. They were referring to Clayton Christensen’s innovator’s dilemma discussions, where Professor Christensen points to different markets that were destroyed by disruptors. Meantime, we need to really understand the difference between sustainable innovation and disruptive innovation, in order to see if there any disruptive change in banking.
Bank Innovation
JUNE 22, 2017
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
Chris Skinner
OCTOBER 6, 2019
… 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. As I expected, regulators hate it and are asking lots of questions about it. Most seem to want to ban it. And now PayPal has dropped out of the original founding team, with Visa and MasterCard rumoured to follow.
Chris Skinner
DECEMBER 15, 2017
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 OpinionI often talk about faster horses and how banks think digital is doing banking cheaper and faster. It’s all about efficiency and effectiveness. So, I was asked the other day: where is the car?
Chris Skinner
APRIL 28, 2017
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. The internal innovator may be encouraged to challenge and question the way the company works, but anyone dealing with such a creature finds them objectionable. It is the reason why innovators have their dilemma. You cannot innovate in an organisation that will do its utmost to resist change.
PYMNTS
DECEMBER 9, 2020
There’s a huge opportunity [in B2B payments] for businesses that have traditionally focused on the consumer,” David Disque , president of Corporate Spending Innovations (CSI), said in an interview with Karen Webster.
PYMNTS
JULY 29, 2020
Western Union is moving forward with a mindset grounded in collaboration, cooperation and innovation. Payments Innovation Commerce COVID-19 digital commerce Digital Payments eBooks Innovation News payments western union
PYMNTS
DECEMBER 15, 2020
Visa Talks Payment Rail Innovation. In a PYMNTS interview this month, Visa Global Head of New Payment Flows at Visa Business Solutions Alan Koenigsberg discussed the need for existing payment rails to innovate and adapt to new use cases.
Bank Innovation
SEPTEMBER 27, 2017
Exclusive Features Innovations Mobile Online Payments 10 Most Innovative CEOs artificial intelligence Citi Fintech clinc Mobile banking online banking Starling Bank UK fintechFintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes.
Chris Skinner
JUNE 20, 2017
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. It’s a fantastic expo organised by Dragos Stanca and his team, and was very enjoyable even with the master of ceremonies, Jeff Leach, taking the mickey out of me. Jeff is an actor and comedian, and spent the whole conference f-bombing the speakers and the audience. Different!
Accenture
OCTOBER 21, 2021
The post Canada, time to expect an innovative lifestyle banking app appeared first on Accenture Banking Blog. Uncategorized Bank Innovation Customer Experience future of bankingThe first mobile banking application hit the Canadian market over ten years ago.
Accenture
JUNE 14, 2021
The Efma-Accenture Banking Innovation Awards have been a catalyst for innovation in banking since their inception in 2013. Since then, I look forward to them every year as the industry rewards and celebrates innovation.
Let's personalize your content