Here are some New Year resolutions for the growing group of bankers who are adding “innovation” to their do-to list in 2016. Getting these right will greatly improve your chances for success in the new year. 1) Define Your Innovation Goals So, what do you want to get out of your innovation program? Incremental improvements […]
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JP Nicols to Guest Host Breaking Banks
I am pleased to announce that I will now be a recurring guest host of Breaking Banks, the only dedicated radio show and global podcast focused on disruption in Financial Services and the emerging FinTech sector. As you might expect, I will be especially focused on how banks are innovating in today’s rapidly changing world, but I’ll be covering other […]
Big Data, Alt Payments Top Fintech Predictions
Capital One has released a survey of 151 fintech and payments innovators which they conduced at Money 20/20 a couple of weeks ago. Given this non-random sample of participants, it is probably not surprising that Big Data Analytics and Alternative Payments Platforms were the top two answers (at 27% and 26%, respectively) to the question “Which technology innovation will […]
Why Collaboration Matters in Banking
I spent most of this week at Money 20/20 in Las Vegas. The show continues to grow— 10,000+ attendees this year— and it continues to be a magnet for banking and payment executives, merchants, fintech entrepreneurs, investors, analysts and plenty of commentariat on all such things. With more than 550 (!) speakers at Money […]
In Search of Competitive Advantage
Next week I’ll be in Las Vegas for Money 20/20 the huge payments and financial services innovation conference, and as always I’ll be on the lookout not only for cool ideas and technology, but in particular those that can bring a competitive advantage for financial institutions. There will be a ton of content on […]
Bridging the Customer Experience Gap
The prevailing view of most financial industry leaders over the past decade has been that internal innovation was optional at best, and probably harmful to the way they’ve been used to doing things for so long. Meanwhile innovation bloomed on the edges and outside of the industry, bringing a surge in customer adoption in fintech, which […]
Innovation is More than the Next Big Idea
During the last 15 years, 47 fintech companies grew from startups to “unicorns” (valued at $1 billion or greater), with another 38 companies quickly approaching that level, as Jim Bruene posted to the Finovate blog. This has caught the attention of investors, who poured $12 billion of capital into the fintech space last year alone. […]
It’s Too Late, Banking Is Already Being Disrupted
Bankers may be taking undue solace in Chris Skinner’s April 10 American Banker BankThink post, “Like Airlines and Pharma, Banking’s Too Big to Disrupt.” I was party to the specific round of sparring he cites in his article over whether financial technology startups will overthrow the banking industry. And although I agree with many of Mr. […]