innovation

Payments Innovation for Financial Inclusion

According to World Bank data from April 2018, the number of unbanked adults has fallen to 1.7 billion from 2.5 billion in 2011 and is continuing to fall, even taking into account population growth1 . Since 2011, an additional 1.2 billion people have connected to the financial system for the first time, half a billion […]

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Opening Up Inter-bank System FAST Will Spur Innovation, Create Better Services: Experts, Fintech Firms

Consumers can expect greater convenience and more innovative e-payment services when non-bank players get direct access to FAST, experts say.

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AmEx Experiments to Find the Right Solutions for the Post-Plastic World

American Express Co. formed its Digital Labs unit less than a year ago, and it has plenty to do as it evaluates new payment forms and new ways to attract cardholders and merchants.

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Financial Institutions Aren’t Prepared for the Digital Revolution

The world is in the process of a Digital Revolution, where everyone on the planet has the ability to talk, trade and transact with anyone else. This transformation will erode boundaries and promote inclusion.

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What Innovators Can Learn From Uber Cash

Long before innovators began talking about the power of ecosystems to transform commerce, scientists spent centuries studying them under microscopes in their labs. Biologists wanted to better understand how to keep the human body’s ecosystems from being devastated by disease, so humans could live longer, healthier lives.

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The Role of Regulatory Sandboxes in Fintech Innovation

According to KPMG’s latest The Pulse of Fintech report, 2018 is set to be another record-breaking year for Fintech investment. After only two quarters, it’s already reached 57.9 billion, less than 5 billion shy of 2015’s highs of 62.5 billion. Europe and Asia are particularly hot Fintech areas at the moment. With 26 billion and […]

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We Need to Launch a Digital Bank? OK, Here’s $3 Billion!

I recently blogged about JP Morgan Chase spending 10 billion a year on technology of which 3 billion goes into new projects. There were then several other announcements that caught my attention about Citibank and Bank of America investing similar amounts in digital.

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Uber’s Newest Project? Reinventing Its Payments Experience

The transportation company that innovated payments by delivering the Uber experience is at it again – this time, by making it easier and more rewarding for its users to pay for products and services inside its growing ecosystem. Uber Cash launched today (Sept.

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This Bridge Collapse Is a Shocking Image of Legacy

I wasn’t going to post this blog but the more it sits in my head, the more I felt I had to write it. Like everyone I expect, I was really shocked by the Genoa Morandi bridge collapse that killed 43 people this month. The idea of driving happily along a major road and then […]

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The PYMNTS 2018 Summer Top 10 List

Almost 33 years ago, David Letterman introduced his singular innovation in stand-up comedy: the Top 10 List. It’s a matter of some confusion and debate about who first came up with the concept.

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The Multiple Parts of Innovation

What did you do in high school? Unless you were a roadie for a major rock band – and you weren’t – you probably did nothing as cool as some recently graduated high schoolers in California did.

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The Future of Banking: Fintech or Techfin?

The banking industry is experiencing disruption at an increasing pace. Over the past few years, traditional financial institutions and non-traditional fintech firms have begun to understand that collaboration may be the best path to long-term growth. At the same time, big tech firms are offering financial services, creating techfin solutions.

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