Post Tagged with: "Strategy"

Sorry Banks, the Fast Follower Model is dead thanks to Big Bang Disruption

by July 29, 2015 at 12:31 am 1 comment

By Bernard Lunn To learn about Big Bang Disruption go to this HBR article. TL:DR. When more than half the 7 billion people on the planet have a mobile phone, innovation happens too fast for the old way of doing things. The old way was for incumbents to watch asRead More

As Financial Services Splinters, Banks and Fintech Require Standards More Than Ever

As Financial Services Splinters, Banks and Fintech Require Standards More Than Ever

by June 30, 2015 at 1:59 pm 0 comments

  The splintering of financial services is no longer something that might happen or will happen – this has happened, and seems to be fairly well accepted.  “There’s an app for that” can be said for almost every major (profitable) sliver of the financial services portfolio of business. I won’t inundate you with examples, but […]

What’s Next in Digital Finance?

What’s Next in Digital Finance?

by June 22, 2015 at 8:31 am 2 comments

We’ve been doing digital banking for a while now, right?  For over twenty years online banking has existed as a service, so what’s the big deal and why is this now “a thing”?  Well recent years have seen an explosion of new offerings and angles such that the term digital banking is no longer suitable […]

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

Top 5 Reasons to Read Ron Shevlin’s New(ish) Book

by May 22, 2015 at 11:28 am 1 comment

In a sense, if you’ve been reading Ron Shevlin’s Snarketing 2.0 blog, now part of The Financial Brand, you have already read his book Smarter Bank, published Jan. 30. Much of the material is familiar, but lacking the vibrant comment section that followed those online posts. So why would anyone in FinTechRead More

Why You Need To “Blow Up” Your Legacy BI Platform and How to Start Again With a Sustainable Layered Approach

Why You Need To “Blow Up” Your Legacy BI Platform and How to Start Again With a Sustainable Layered Approach

by May 15, 2015 at 5:44 pm 0 comments

              Data is important and the key to deriving information which can drive meaningful decisions.  Yet most organizations have a data stack that is sprawling, brittle, unwieldy, and when it comes to driving information for key decisions often not useful. Organizations that are dealing with such legacy systems might […]

That’s a great idea!  Let’s kill it..

That’s a great idea! Let’s kill it..

by February 17, 2015 at 12:08 am 0 comments

Companies seem to have automatic “immune systems” which are designed to protect the status quo and as a result reject new innovation — especially breakthrough innovation. Innovation is a tricky area to navigate for most organizations: naysayers abound when it comes to changes, the element of risk makes people shy away from accepting innovative ideas, […]

Navigating the Myriad of Mobile Financial Services

Navigating the Myriad of Mobile Financial Services

by February 5, 2015 at 7:10 pm 0 comments

If you are a financial services organization and you build a mobile app then you’re done, right? You can check off the mobile category and get back to the joys of responding to regulatory requirements. But then something changes or- a question is asked about something that might be related -, “What about our internal […]

Avoiding a Design “Potluck”

Avoiding a Design “Potluck”

by December 18, 2014 at 12:44 am 0 comments

As the holiday season nears, I’m trying to make time for all the social commitments that come with the season, while still getting everything done at the office. This is also a season of reflection, and as a recovering banking architect I often reflect on how banks get from concepts to solutions. There is too […]

Full Stack Fintech vs White Label Fintech

by November 19, 2014 at 1:05 am 1 comment

Banks want to know: “Are these Fintech startups going to eat our lunch?” The answer, as always, is “it depends”. It depends on whether the Fintech startup is a “we bring your lunch” type or a “we eat your lunch” type: 1. We bring your lunch. This is traditional Fintech, the modern version of which […]

The Time is Now: Moving Towards a Better Financial Solution Design

The Time is Now: Moving Towards a Better Financial Solution Design

by October 21, 2014 at 7:32 am 0 comments

    Much has been written about the onslaught of disruption facing the financial services industry. A few years ago, this was often taken as speculation and sensationalism. I think most now agree that this is a reality and a sign that the new normal will be quite unlike the past. What is not often […]