Mining bitcoin and the like demands more and more power for juggernaut computers. And gives central governments leverage over decentralized currencies.
2014 will be a year in which technological advances and new operational models increasingly dominate the banking landscape.
Banks seeking to improve their innovation efforts are turning to ‘Open Innovation’ programs that leverage internal talent.
Judges of the BAI-Finacle Global Banking Innovation Awards say innovation, particularly in mobile technology, will help improve public trust in banks by improving the customer experience.
Winners of the BAI-Finacle Global Banking Innovation Awards say that innovation in financial services requires focus and a disciplined process to develop and implement new ideas.
Although they remain reluctant to loosen credit standards, banks can increase their small business lending by other means, such as offering value-based packages.
The eight finalists of the 2012 BAI-Finacle Global Innovation Awards are focused on using innovation to break outside of banking’s traditional product, service and channel boundaries.
Former Apple ‘chief evangelist’ Guy Kawasaki says banks can learn a few lessons from the iconic computer company.