Lateral Thinking in the Fight Against Crime. The Northern Bank Robbery Story.

Destination Innovation

Both men were officials of the Northern Bank, one of the largest banks in Northern Ireland. Ward and McMullan followed instructions and gave the robbers entry to bank the next evening. Most of it was in the Northern Bank banknotes. The Northern Bank Robbery Story.

5 Definitive Use Cases For Advanced Analytics In The Banking Industry


5 Definitive Use Cases For Advanced Analytics In The Banking Industry The banking industry has made significant progress over the years by leveraging data. The post 5 Definitive Use Cases For Advanced Analytics In The Banking Industry appeared first on Acuvate.

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The Cybersecurity of Banking and Finance

Daniel Burrus

If healthcare data and a patient’s trust is as sensitive as research shows, then it’s no surprise that the banking and financial industry is in serious need for anticipatory cybersecurity and digital data protection. Banking Evolution. A Breach of Banking Security.

Why Facebooks new currency Libra not only threatens the banks

Lead Innovation

billion people without bank accounts access to the financial world, promises Mark Zuckerberg. Read in this blog post how Libra should work, who will benefit from it and why the crypto currency threatens the role of banks and the currency monopoly of states. Banks

Consumer Brutal, Chase Bank

Gregg Fraley

I do my banking online, as much as is possible. Online banking saves me time. I bank with Chase, more formally known as JP Morgan Chase. To be fair, according to my colleagues in the innovation space, this true story could probably apply to any USA bank (“stuck in the 90′s” was a phrase I heard more than once). The Branch Manager did his best, but he was put on hold by his own co-workers and we both sat there waiting until the bank closed.

Four Innovation Lessons We Can Learn from Standard Bank


Innovation is particularly important for industries that seemingly move slowly, and that’s particularly true of banking. South Africa’s Standard Bank, which has branches across Africa and is expanding to other markets across the world, is an excellent demonstration of why.

Banking Insights and Identifying Post-Recession Opportunities

Innovation Leader

“Being seen as a group that is purely visionary and focused on idea generation can make your group vulnerable to cuts,” writes Michael Perman, a former innovation and marketing leader at Gap Inc. and Levi Strauss.

Simplifying Bank Processes with Artificial Intelligence


One of Spain's biggest banks develops an AI-based system to simplify direct debit payments

The Future of Banking –  Promises and Threats

Rmukesh Gupta

One of the industries that seems to be on the cusp of going through a similar upheaval seems to be the banking industry. Banks in most economies pays a simple interest (and in some countries, charge a fee to safeguard the money for the party) on the money that it holds for the parties.

Inside One Multinational Bank’s Strategy for Fintech Expansion


These challenges amplify when the bank has a presence in multiple countries. The role of R&D and new product development take on a different role within banks, which need to monitor on-the-ground trends at both the business and consumer levels. Put simply: in order for a bank to survive and remain relevant in an ever-evolving market, experimentation and rapid iteration are a must.

Trends and Technologies Innovating the Banking Industry


Trends will matter in the banking industry in the months and years ahead. Or maybe open banking? The post Trends and Technologies Innovating the Banking Industry appeared first on. The challenge is to find out which ones are the most relevant to a given company.

Trends and Technologies Innovating the Banking Industry


Trends will matter in the banking industry in the months and years ahead. Or maybe open banking? The post Trends and Technologies Innovating the Banking Industry appeared first on. The challenge is to find out which ones are the most relevant to a given company.

International Hackathon for Banking Innovation


Last weekend, Barclays Bank organized what it claims was the largest hackathon in financial services across two continents, ever. Their mission was to explore the best and most innovative emerging ideas and disruptive technologies to help shape the future of banking.

Have the Banks already been Disrupted?

Matthew Griffin

Banks were once the corner stone of the community but today their industry is being disrupted and disintermediated. Over the past two weeks I’ve talked to a number of senior C level executives from some of the UK’s largest retail banks to understand more about their views of the world and their perception of the market and while outwardly little looks like its changing at the Big Five banks their executives are not sitting comfortably.

The Banks Guide to scouting Fintech

Matthew Griffin

“Four of Europe’s largest banks reveal their Fintech scouting strategies and with one exception their approach won’t come as a surprise. As an Entrepreneur you’ve worked 247 365 and seen your bank balance dwindle. To an Entrepreneur attention is oxygen so imagine the electricity that flows through a room when you put thirty budding European Fintech Entrepreneurs in the same room as senior executives from some of the Europe’s largest banks.

How Eastern Bank Launched a Lending Startup

Innovation Leader

Here's the inside story of how it happened at Eastern Bank Plenty of big companies talk about the potential for spinning them out. But few actually follow through and do it.

Find out how to increase customer loyalty with Meaningful Banking


We believe that Meaningful Banking is the topic of the moment, after all, figuring out how to retain customers is what will differentiate your company from the competition — especially when we take into account that the customer is more demanding than ever. Meaningful Banking is a mix of emotions and finance in order to transform, a normally traditional, bank’s business model. There is no more appropriate methodology for creating a meaningful bank.

How the DZ BANK accelerates Innovation


The times when a solid business model worked for decades are also over in the banking sector. The new customer expectations of financial service providers in the digital age pose new challenges for the innovation work in banking.

How the DZ BANK manages Innovation Activities


The times when a solid business model worked for decades are also over in the banking sector. The new customer expectations of financial service providers in the digital age pose new challenges for the innovation work in banking.

The Digital Bank – How to make Business Models fit for the Future


Banking is necessary, banks are not”. Many traditional banks have reacted and are now en route to the digital world. ITONICS advises numerous banks on how to make their business models fit for the future and not merely keep up with digitization, but even become a first mover.

Banking for a better future


Subsequently, UBS – one of the world’s leading wealth managers and the largest universal bank in Switzerland boasting impressive market access, global connections, challenged their 65,000+ employee base to help make a positive impact in sustainable development.

My fridge can disrupt your Bank

Matthew Griffin

For banks one of the first potential opportunities comes not from some fantastically complicated financial instrument but from the common a garden fridge. .

The future of Digital Banking: it’s time to disrupt!

The BMI Lab Blog

Banking is ripe for disruption. As one of the main foundations of our economic systems, the banking system is a highly regulated environment. Every step a bank takes is always under close scrutiny since (fundamental) changes could have deep consequences on the overall economy.

How Israel’s Oldest Bank Is Engaging Employees to Become a Leader in Banking Innovation


In 2013, Bank Leumi embarked on a journey to make innovation one of its prime strategic goals. Since deployment, the Bank has run ongoing idea challenges, engaging thousands of the bank's employees in online idea brainstorming to tackle a variety of the company's challenges.

Embracing open banking and API ecosystem


If implemented effectively, open banking will unlock innovation that will transform and improve the customer banking experience. Banking And Finance, Open Standards And Open Apis. Overview of open banking . How India’s largest bank leveraged developer ecosystem.

Application of advanced analytics and machine learning in the banking industry


Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Hence, leveraging banking data is no longer an ambitious technology project; it is a business imperative.

Could a high street Bank challenge Apple?

Matthew Griffin

This time though they’ll be armed with the capability to create glorious, data laden customer products and services that make their products even more attractive and that in turn will put the banks under even more competitive pressure.

Preserving Centuries of Corporate Memory at Lloyds Banking Group


Preserving Centuries of Corporate Memory at Lloyds Banking Group | Jive Software. lloyds banking groupWe recently sat down with the company’s collaboration programme lead, Mark Mazza , in advance of his colleague Dan Thomas ’ presentation at the upcoming Aurea Experience 18 conference in Munich. Mark shared insight into how Jive is helping Lloyds constantly adapt and change to customers’ needs. Read more here!

Making Innovation Pay at U.S. Bank

Innovation Leader

Being a bank is no longer just about branches and vaults full of cash, says Dominic Venturo, chief innovation officer U.S.

Blockchain: Distributed Shared Ledger Technology in Banking


Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Benefits of Blockchain in banking. Source: Banking on Blockchain. Intra-bank cross-border payments.

BANK ON IT: Episode 055 Negotiating Contracts That Stimulate Growth

BPI Thought Leadership Media Coverage

In order to grow today banks and credit unions need partners and suppliers in order to grow with capabilities that are not necessarily readily available in house.& & Flexible contracts are key, yet, how can contracts get created with flexibility and the ability to change built in

FinTechCube benchmark study: “Banks lack a customer focus”


What is the state of digitization in the German banking sector? In order to answer this question, FinTechCube carried out the benchmark study “Digital Transformation of Banks”. More than 30 banks and around 200 private customers were surveyed for this.

Open Banking: what it is, how it works and why invest ASAP


In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. Before we go deeper into the Open Banking concept, we need a contextualization: just like the rest of the market, banks face numerous challenges with Digital Transformation.

Running a Global Startup Competition at Spanish Bank BBVA

Innovation Leader

Scarlet Sieber of BBVA, the Spanish banking giant, explains how to attract the best startups and make sure business unit leaders are ready to work with them

Banks: Too large to fail, easy to Disrupt

Matthew Griffin

“Senior banking executives are focusing on the impact that individual Fintechs or types of Fintechs will have on their organisations and industry but this narrow view means they’re at risk of missing the bigger picture.

Inside the Entrepreneur-Led Innovation Group at Eastern Bank

Innovation Leader

Dan O'Malley had tried to disrupt the banking industry from outside. Now, he's working within it, as the founder of Eastern Labs, an innovation group at Eastern Bank. Includes slides

How U.S. Bank Works with Voice Biometrics

Innovation Leader

The bank’s app allowa customers to use spoken commands to check their balance and make payments. Could it allow them to speak a phrase that would replace their password

Future Squared Episode #3: Interview with NAB Labs' Humphrey Laubscher on Innovation in Banking | Collective Campus

Collective Campus

Our latest Future² podcast focuses on Innovation banking featuring Humphrey Laubscher, NAB Labs' Fintech Innovation Manager

Digital Transformation is More about Transformation than Digital

Innovation Excellence

Innovation acceptance banking digital transformation FinTech TransformationPremise: It seems like there can’t be a day that goes by when I don’t hear the word transformation being tossed around, usually with the prefix – Digital.

World Bank Issues First Ever Bonds Using Blockchain

Linda Bernardi

Commonwealth Bank of Australia is charged for making this happen! Fasten your seatbelts, Blockchain is getting into mainstream banking. The post World Bank Issues First Ever Bonds Using Blockchain appeared first on Linda Bernardi.

Nancy Selph, COO of Innovation & Data Governance Deutsche Bank at Deutsche Bank

BPI Game Changer Interviews

The idea of the lab presence itself is about giving people a space to come and think differently and engage with us. We run demand sessions with our business teams to get to the root cause of their challenges and then find solutions to meet those needs. It is the applied adoption of new technologies with a return on investment by decreasing risk, simplifying the environment or increasing revenu

Qmarkets to Foster Financial Innovation at One of Germany’s Largest Savings Banks


Heilbronn, Germany, March 28th, 2019 – Kreissparkasse Heilbronn is one of the largest savings banks in Germany and deeply connected to the city and the district of Heilbronn. This process has implications for the bank’s market, operations, and staff departments.

Embracing the Power of Blockchain Technology

Daniel Burrus

But does this technology disruptor have the power to transform our traditional banking system? Because this technology has the potential to reduce the role banks play in the lives of individuals, it is understandable why financial institutions are skeptical.