INDUSTRY INSIGHTS YOUR PEERS ARE READING
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. MORE
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. MORE
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. MORE
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 MORE
Artificial Intelligence Daily Post 1 Exclusive Innovations Operations Premium Accenture Aspen Institute banking innovation C-Suite CFOs MORE
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 MORE
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. MORE
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
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 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 Innovation MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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.” MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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? MORE
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. MORE
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? MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
Innovation Related Topics 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 Innovation
PYMNTS
NOVEMBER 9, 2018
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.
PYMNTS
NOVEMBER 6, 2018
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.
PYMNTS
NOVEMBER 12, 2018
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.
PYMNTS
MARCH 23, 2018
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.
PYMNTS
AUGUST 16, 2018
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.
PYMNTS
OCTOBER 18, 2018
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.
PYMNTS
OCTOBER 17, 2018
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.
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 Opinion
PYMNTS
SEPTEMBER 10, 2018
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.
PYMNTS
SEPTEMBER 28, 2016
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.
PYMNTS
OCTOBER 16, 2018
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.
PYMNTS
OCTOBER 15, 2018
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.
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. Disruptive innovation creates new markets separate to the mainstream; markets that are unknowable at the time of the technologies conception.
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. It is the reason why innovators have their dilemma. Grid Innovation
PYMNTS
NOVEMBER 1, 2018
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.
Insights on Business
OCTOBER 3, 2018
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.
PYMNTS
OCTOBER 19, 2018
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.
PYMNTS
OCTOBER 23, 2018
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.
PYMNTS
SEPTEMBER 24, 2018
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.
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.
PYMNTS
OCTOBER 10, 2018
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?
PYMNTS
OCTOBER 11, 2018
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.
Chris Skinner
OCTOBER 4, 2017
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
PYMNTS
NOVEMBER 12, 2018
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.
Chris Skinner
MARCH 23, 2017
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.
CB Insights
NOVEMBER 9, 2018
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
APRIL 9, 2018
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
Bank Innovation
JULY 23, 2018
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.
Celent Banking
MARCH 28, 2017
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.
PYMNTS
OCTOBER 23, 2017
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.
Chris Skinner
JANUARY 14, 2018
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
NOVEMBER 16, 2018
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.
PYMNTS
OCTOBER 12, 2018
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.
PYMNTS
AUGUST 8, 2018
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?
Bank Innovation
NOVEMBER 8, 2018
Artificial Intelligence Daily Post 1 Exclusive Innovations Operations Premium Accenture Aspen Institute banking innovation C-Suite CFOs
Bank Innovation
NOVEMBER 16, 2018
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.
PYMNTS
NOVEMBER 4, 2016
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.
Chris Skinner
APRIL 10, 2018
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.
Chris Skinner
JUNE 5, 2016
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.
Bank Innovation
MARCH 16, 2018
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.”
PYMNTS
DECEMBER 14, 2017
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.
PYMNTS
MARCH 15, 2017
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.
278 
Let's personalize your content