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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
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
Citi Innovation Labs employees are finding new ways to connect with bank clients, developing self-guided virtual lab tours to show clients the innovation teams’ latest projects. “We We are working on an idea called ‘Lab in a Box,’” said Gulru Atak, global head of innovation for Citi Treasury and Trade Solutions. Carousel Corporate Banking Innovation Strategy Investing Payments Premium Product Design Retail Banking Citi Ventures Citibank Citibank Innovation Lab D10x 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
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
In retail innovation, many American consumers still want a digital-first shopping experience even after a COVID-19 vaccine. Today In Data D2C digital commerce Innovation News Retail Today in Data 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
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And in banking, a number of credit unions have had to readjust their innovation strategies to put the focus on touchless payments. Today In Data banking Commerce Innovation News payments Retail Today in Data 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. 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
275 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
For almost the entire year I have been editor of this publication, the news sources we work with have reported on several ATM thefts happening daily across the country. The odd thing is many aren't just stealing from ATMs they are also stealing the actual machine. MORE
We are proud to launch this partnership with a company that shares many of the same goals that we do at Hy-Vee, including innovative offerings and exceptional customer service.”. Retail automation Earnings grocery Hy-Vee Innovation News Publix walmart 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 The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure. MORE
More consumers than ever are banking on their financial institutions’ (FIs’) mobile-optimized websites and apps amid the ongoing pandemic, making digital innovation a top priority for credit unions (CUs), banks and FinTechs alike. Digital banking has become the way of the world. 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 FigureMorosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2. Prior to his role […]. 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
Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog. 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 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
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
Arthur Levy, vice president of business development at Brex, is attending Bank Innovation Ignite in Seattle, which takes place from March 2-3. He is speaking on a panel titled “How to make SME banking innovation work,” which will focus on small business products, payments and underwriting. Bank Innovation Ignite Customer Experience Innovation Strategy Lending Payments AWS Brex First Republic Bank Ignite JetBlue 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
Purple Innovation, Inc. , Purple Innovation said it had $65.7 As for its overall results, Purple Innovation reported 7 cents per diluted share in adjusted net income on $173.9 Retail Earnings News Purple Innovation Revenue What's Hot 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
This bank created an innovation lab, and that bank is launching a fintech team. Exclusive Lending Mobile Online Operations Payments Technology Ally Financial Capco Core Innovation Capital PeerStreetBut this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More. 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 TelegramEXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space? 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
Today In Data Commerce digital Innovation News payments Retail Today in DataeCommerce platform Shopify registered better-than-expected financial results amid growth in its subscription revenue and gross merchandise volume (GMV). 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
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 WrapWelcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 8, 2019. 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
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.
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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.
Chris Skinner
DECEMBER 17, 2018
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
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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.
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
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PYMNTS
MARCH 1, 2021
And in banking, a number of credit unions have had to readjust their innovation strategies to put the focus on touchless payments. Today In Data banking Commerce Innovation News payments Retail Today in Data
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
PYMNTS
FEBRUARY 18, 2021
Today In Data Commerce digital Innovation News payments Retail Today in DataeCommerce platform Shopify registered better-than-expected financial results amid growth in its subscription revenue and gross merchandise volume (GMV).
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 FigureMorosini will share insights and perspectives on lessons banks can learn from big tech companies like Google, Amazon and Facebook during the fourth session on Monday, March 2. Prior to his role […].
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 The rise of digital payments has led to a series of complex issues surrounding how to make those transactions more secure.
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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.
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.
PYMNTS
FEBRUARY 18, 2021
More consumers than ever are banking on their financial institutions’ (FIs’) mobile-optimized websites and apps amid the ongoing pandemic, making digital innovation a top priority for credit unions (CUs), banks and FinTechs alike. Digital banking has become the way of the world.
PYMNTS
MARCH 4, 2021
We are proud to launch this partnership with a company that shares many of the same goals that we do at Hy-Vee, including innovative offerings and exceptional customer service.”. Retail automation Earnings grocery Hy-Vee Innovation News Publix walmart
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 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.
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 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.
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 TelegramEXCLUSIVE – Interested in the latest trends in payments, digital banking, blockchain technology, API, security, big data and all the other hot topics in the fintech space?
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
NOVEMBER 8, 2019
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 WrapWelcome to the latest episode of our weekly wrap video series, for the week ending Friday, November 8, 2019.
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
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?
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 24, 2020
Arthur Levy, vice president of business development at Brex, is attending Bank Innovation Ignite in Seattle, which takes place from March 2-3. He is speaking on a panel titled “How to make SME banking innovation work,” which will focus on small business products, payments and underwriting. Bank Innovation Ignite Customer Experience Innovation Strategy Lending Payments AWS Brex First Republic Bank Ignite JetBlue
ATM Marketplace
DECEMBER 29, 2020
For almost the entire year I have been editor of this publication, the news sources we work with have reported on several ATM thefts happening daily across the country. The odd thing is many aren't just stealing from ATMs they are also stealing the actual machine.
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
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!
PYMNTS
JANUARY 13, 2021
In retail innovation, many American consumers still want a digital-first shopping experience even after a COVID-19 vaccine. Today In Data D2C digital commerce Innovation News Retail Today in Data
Bank Innovation
FEBRUARY 15, 2017
This bank created an innovation lab, and that bank is launching a fintech team. Exclusive Lending Mobile Online Operations Payments Technology Ally Financial Capco Core Innovation Capital PeerStreetBut this other bank just started a blockchain focus group, and everyone else is investing in tech. Gone are the days when banks could afford to be “conservative” with new product launches and tech projects, which Read More.
Bank Innovation
APRIL 28, 2020
Citi Innovation Labs employees are finding new ways to connect with bank clients, developing self-guided virtual lab tours to show clients the innovation teams’ latest projects. “We We are working on an idea called ‘Lab in a Box,’” said Gulru Atak, global head of innovation for Citi Treasury and Trade Solutions. Carousel Corporate Banking Innovation Strategy Investing Payments Premium Product Design Retail Banking Citi Ventures Citibank Citibank Innovation Lab D10x
Chris Skinner
JANUARY 25, 2017
Last year, one of my most read blog entries was this one: The top ten trends in banking innovation (February 2016). This was a summary of the top trends in banking innovation, and … The post The biggest innovations in retail banking (research) appeared first on Chris Skinner's blog. Grid Innovation Technology Uncategorized
PYMNTS
MARCH 4, 2021
Purple Innovation, Inc. , Purple Innovation said it had $65.7 As for its overall results, Purple Innovation reported 7 cents per diluted share in adjusted net income on $173.9 Retail Earnings News Purple Innovation Revenue What's Hot
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