innovation

‘Digital Lipstick’ Will Not Make Banks ‘Sexy’ Enough to Become Tech Companies

DBS Bank’s chief innovation officer Neal Cross has warned the audience at Fintech Connect 2018 that European banks are getting digitisation and open banking completely wrong by failing to adequately address customer pain points.

Read More

Three Paths to Digital Transformation for Banks and Credit Unions

Just about everyone in banking can agree that digital transformation is a strategic imperative for financial institutions that hope to remain relevant. But the right path to get there is a subject of much debate.

Read More

Banking Industry Must Move From ‘Strategic Planning’ to Real Action

Is your financial institution getting the most out of your strategic plan? The future of every banking organization depends on the development and implementation of a strategic plan that’s well thought out. But strategic planning without action is worse than doing nothing at all.

Read More

How Do Financial Institutions Stack Up Against Consumers’ Favorite Brands?

In a report based on a major survey of consumers in 17 countries, the Deloitte Center for Financial Services pits consumers’ favorite brands up against financial institutions to gauge people’s feelings and sentiment about their primary banking provider.

Read More

US Regulators Urge Tech Innovation to Combat Financial Crime

Several regulatory agencies issued a joint statement that urged banks to study and implement where appropriate methods that would bring innovate approaches to anti-money laundering efforts and Bank Secrecy Act compliance.

Read More

5 Innovation Trends That Will Define Banking in 2019

The banking industry is beginning to incorporate the traits and practices that were once the domain of fintech startups. Banks and credit unions have become more comfortable with a faster pace of innovation, using data and analytics more extensively and digitizing processes as opposed to simply turning paper into PDFs.

Read More

CFOs Held Back From Driving Digital Transformation

Like many positions in corporate finance, the role of chief financial officer (CFO) is facing new pressures in a climate of innovation and novel challenges, from cybersecurity to geopolitical events. It’s a shift that’s been happening for years.

Read More

Five Digital Transformation Lessons

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People Operations at DNB or, as she called it, POP, talked about the five things that make the difference.

Read More

The Role of Payment Innovation Companies in Developing Countries

The rise of e-commerce and m-commerce has given way to new payment methods changing the payments landscape significantly. Many developed countries are replacing older payment methods such as checks and payment on delivery are replaced by more modern and advanced payment methods such as e-wallets, in-app purchasing, and peer-to-peer payments.

Read More

Will Digital Disruption Trigger the Next Financial Crisis?

According to global consulting firm McKinsey, the banking industry is facing significant threats from new digital competitors, and from consumer adoption of digital services overall.

Read More

Are You Really ‘Doing Digital’?

I’m regularly asked why I don’t think banks are doing digital yet, and my answer consists of a series of steps. First, does the banks’ leadership team talk about digital, digital banking, digital investment and digital transformation? Invariably, all bank people tell me yes.

Read More

VIDEO: How Regulatory and Customer Driven Innovation Differ in Output

Simon Eacott, Head of Payments Innovation and Business Development, Natwest, speaks at Sibos 2018 in Sydney about new innovative technologies, AI and security, how regulatory and customer driven innovation differ in output and how you can ensure everyone is included in a large industry programme such as NPA.

Read More