innovation

Banks to Beef Up Their Collaboration With FinTechs for Innovation

In the coming years, banks will even more closely work together with FinTechs. With agile new competitors eating into their market share, many banks do this mainly to gain speed in innovative technologies and combat this trend. Traditional players in the banking industry are often able to trace their roots back centuries.

Read More

Today in Data: Getting Used to the Next Big Thing

Some digitizations are clearly an upgrade – consumers prefer doing their Black Friday shopping from their couch as opposed to the mall, and businesses prefer that their cross-border payments not be a source of surprise when it comes to arrival times. However, some innovations are, perhaps, a harder sale.

Read More

FCA Outlines Payments Innovation Outlook

The UK’s Financial Conduct Authority (FCA)’s head of payments has made clear the regulator’s approach to driving innovation within the payments sector.

Read More

SMBs Claim Control Over Finances With B2B Payments Innovation

There is a disconnect between the payment options businesses offer their customers and the options businesses use to pay each other. Between real-time payment options, one-click buy buttons and instant credit transfer schemes, consumers get the gold standard when it comes to payments solutions.

Read More

How Five High School Kids Are Changing Payments for the Visually Impaired

Right now, it looks like a blood pressure cuff with wires and tiny boxes attached to it. Or, perhaps, an oversized watchband, one that was made by a child stuck inside on a rainy day.

Read More

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 […]

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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 […]

Read More

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.

Read More