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Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The Why is the same - the How has changed because of AI-agents

Reflecting on 2018 blog at +++ "For quite some time it has been clear that data is the new oil (not the best term - as oil is consumed while data improves when used) and trust the new currency. +++very much more so now becasue of AI+++ The opportunities to improve services and productivity by new levels of...

/ai /identity

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Underestimated Procurement: The Key to Higher Returns in Digital Banking

In the high-stakes race of digital banking and Fintech, one misstep can cost millions in lost customers, brand damage and wasted development. Ironically, that misstep often happens before the project even starts—during procurement. Month after month, the UXDA team meets with banks with grand ambitions to transform their digital products. And somet...

/retail /devops

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

EU, UK and India hand in hand with organisation wallets

V Parthasarathi has written very clearly about the path forward in his LinkedIn post. Noting that wallets for citizens are in various stages of rollouts in 100+ countries. I have for my part noticed that India has been moving resolutely forward already for some time. Now the the question is how much we in Europe could learn, possibly con

/ai /identity

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

In Germany 84.7 billion euros is a lot of money.

84.7 billion euros is a lot of money. Especially as this cost saving is just about supplier data management in the enterprises. In Germany... Table here: https://www.linkedin.com/posts/bo-harald-4768b51_847-billion-euros-is-a-lot-of-money-especially-activity-7301276133528944642-U6by?utm_source=share&utm_medium=member_desktop&rcm=ACoAAABPj1...

/ai /identity

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

I asked Grok about my own contributions

What has Bo Harald written about in Finextra? Bo Harald has been a prolific contributor to Finextra, a leading financial technology community platform, where he has written extensively on topics related to fintech, digital identity, banking innovation, and economic trends over the years. His articles often reflect his deep experience in electron...

/ai /payments

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

The ice-hockey effect now with organisation wallets

Most of use here have seen how nothing much happens - even if it should - then nothing much happens, then nothing much happens, then nothing much.. and then all of a sudden the burst of adoption. For my part in e-banking starting in the early 80s, e-mail, mobile phones, SMS-messaging, mobile banking, e-id-services, e-invoicing, e-salary, mobile ...

/ai /identity

Aymeric Monod-Gayraud

Aymeric Monod-Gayraud Co-Founder at LoanTube

FinTech is Empowering the Subprime Borrower

When it comes to consumer loans, a significant portion of the population finds itself cast adrift by traditional banks and lenders. Underserved by institutions that prefer to deal in tidy risk assessments rather than inconvenient complexities of unique spending habits, these individuals are slapped with the “subprime borrower” label due to past fi...

/retail /inclusion

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Avoid the Generic Digital Banking UX: How to Stand Out in a White-Label World

What if every car brand sold the exact same vehicle produced in the same factory, just with different logos slapped on the hood? You’d go to different car dealerships and ask yourself: Why pick one over the other they are all the same? While the badge might be different, the car itself would look and drive the same, and consumers would struggle to ...

/retail /identity

Bo Harald

Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,

A lively mixed search on the dance floor is about to begin

The shiny new parquet of the data dance floor – the EU's trust infrastructure – is now extensively exciting. A large group of enthusiastic, well-groomed women and men have pedaled to the dance hall on tandem bikes. Many of them work in the public sector and many in the traditionally trust building banking sector. They have all seen that the front...

/ai /identity

Alex Kreger

Alex Kreger Founder & CEO at UXDA

Why One-Time Digital Banking App Redesigns Fail

A frequent scenario I encounter as a UX expert in the financial sector is this: a financial executive overwhelmed by the digital transformation wave, asks, "How much does it cost to design a mobile banking app?" Underneath this question lies a critical misunderstanding. It’s not just about cost—it’s about creating a continuously evolving...

/retail /devops

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