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.

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

IdeaScale

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.

Embracing open banking and API ecosystem

hackerearth

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.

6 Ways to Create a Successful Innovation Program

industry verticals, from banking and manufacturing to healthcare and energy, we’ve identified a few crucial factors and patterns that. The practice of innovation has come a long way, and for good reason.

Blockchain: Distributed Shared Ledger Technology in Banking

hackerearth

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.

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.

Application of advanced analytics and machine learning in the banking industry

hackerearth

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.

International Hackathon for Banking Innovation

IdeaConnection

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.

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.

Quantifying a Culture of Innovation

Tiziana Bianco, General Manager, Innovation Labs, Commonwealth Bank of Australia QUANTIFYING A CULTURE OF INNOVATION | 13 Innovation culture isn’t free. QUANTIFYING A CULTURE OF. INNOVATION A RIGOROUS, QUANTITATIVE ANALYSIS OF.

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.

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

Qmarkets

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.

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. .

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

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

About ten years before filing for bank- ruptcy in 2003, the company hired the head of HP’s ink-jet printer business. BOOK GROUP PRESS www.gbgpress.com GREENLEAF The H o w t o C r e a t e a C U l t U r e o f i N N o v a t i o N S o r e n K a p l a n , p h D An Excerpt from.

How the DZ BANK manages Innovation Activities

ITONICS

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.

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.

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

ITONICS

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.

FinTechCube benchmark study: “Banks lack a customer focus”

etventure

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.

Banking for a better future

100%Open

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.

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.

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.

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

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

How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Spigit

Commonwealth Bank , the largest bank in the Southern Hemisphere, is an example of a company that has heavily invested in the creation of a culture of innovation and as a result of their efforts has started to see the fruits of their investment. In an article on their blog , Commonwealth Bank describes how their internal ideation program – CommBank Intrapreneur – has been instrumental in transforming its culture.

How Ideation Transformed the Culture of the Largest Bank in the Southern Hemisphere

Spigit

Commonwealth Bank , the largest bank in the Southern Hemisphere, is an example of a company that has heavily invested in the creation of a culture of innovation and as a result of their efforts has started to see the fruits of their investment. In an article on their blog , Commonwealth Bank describes how their internal ideation program – CommBank Intrapreneur – has been instrumental in transforming its culture. 89% of Spigit customers are leveraging ideation to create a.

2017 will be to banking what 2016 was to politics

Wazoku

Banking is at a crossroads against its own will, facing threats from Brexit regulation, from Trump – and continued change from social and technological evolution. These are my predictions for the banking industry in 2017.

How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Spigit

KBC Bank, a European bank and financial services leader , is an example of a company that experienced disruption first hand. Technology has fundamentally shifted how consumers interact with banks and other financial institutions.

What’s Next – The Disruptive Innovation Toolkit™

Braden Kelley

I think managers and leaders are wondering now that I’ve written two popular books (Charting Change and Stoking Your Innovation Bonfire) and a chapter … Continue reading → Change Innovation Bank of Montreal Change Planning Canvas Change Planning Toolkit disruption Disruptive Innovation frameworks methodologies OSF Healthcare Tools value innovation… and a new Innovation Intervention service. People have been asking me recently – What’s next?

Banks Face Price Hikes as Tech Vendors Merge

BPI Thought Leadership Media Coverage

Community banks brace for limited selection, but embrace one-stop shopping, as consolidation takes place among IT firms

Idealize the Answer

Destination Innovation

Staff at a major bank looked for an ideal solution for clients’ needs. Someone asked the question, ‘What if banks were open 24 hours a day, 7 days a week?’ Keeping banks open all the time was part of the original ideal solution but it was very expensive.

Innovation through Minimization

Idea to Value

Most banks will only make loans of hundreds or thousands of dollars and only to people with good credit ratings. Yunus’s bank, Grameen, gave tiny loans to entrepreneurs too poor to qualify for traditional bank loans.

Credit Unions & Community Banks Overpay For Core Services

BPI Thought Leadership Media Coverage

Credit unions and community banks aren’t doing themselves any favors in negotiating information technology (IT) service provider contracts, according to a survey of executives about their top business concerns and management priorities

Study: Banks, CUs Overpaying For Technology

BPI Thought Leadership Media Coverage

Think fast: When is the last time you paid more for a piece of technology than you would have five, even 10, years ago? Maybe a laptop? A camera? An MP3 player

Banking Technology Connections: Vendor contract challenges

BPI Thought Leadership Media Coverage

Although it’s the responsibility of your lawyers to read a contract’s fine print and review it for key language, it’s important to consider their familiarity with the particular type of contract