financial innovation

5 Emerging Trends in the Financial Sector

The financial landscape is changing and the crowd is uniquely suited to help banks and other financial institutions solve some of the challenges they face. In this article, we look at five tech trends and how they’re changing how financial institutions interact with their customers.

Is Cash becoming Obsolete?

Finding ways to make it easier and more convenient to spend money is the aim of many innovations in the area of electronic payments. A number of innovative electronic payment alternatives are all vying to become the new standard in electronic payments and displace the long time standard, the card with a magnetic strip. Any of these new technologies could make the need to carry cash obsolete.

Financial Innovation and its Undeniable Role in Society

Innovation in the area of financial services has undergone increased criticism since the start of the difficulties in international banking. This has fueled a general negative perception of innovation in financial services. In this article Dr. Anne-Laure Mention argues that innovation is not something to be feared as such, actually it is a driver of competitiveness and that the full benefits for society might not yet be visible.

Innovation for Financial Services

The concept of “financial innovation” can be defined as making and promoting new financial products and services, developing new processes to facilitate financial activities, to interact with customers and to design new structures for financial institutions. This article takes a look at the needs for innovation in the financial sector and some basic requirements.

Rethinking the Financial Drivers in Innovation Culture

Recent reports in the Harvard Business Review question the efficiency of the traditional Silicon Valley venture capital innovation funding model and more emphasis is now being placed on how to manage the innovation process in a low finance environment. In this article we look at one grass roots movement that is providing a model for creating the widest possible innovation culture, at the same time bringing this new innovation management thinking into the mainstream.