Silicon Valley Innovation Center’s Post

The last FinTech Virtual Lunch, "Driving Innovation in Times of Economic Uncertainty from Business Case to Execution" was a success. Many thanks to #SandraHorvath, #MickyGoldwasser and #HectorSandoval. Professionals across multiple industries, ranging from FinTech, technology, banking, marketing, packaged goods attended the session and provided positive feedback. It is time to build on that momentum. The key theme was that more information was needed so it is time to drill down and keep the discussion going. If innovation is of interest or focus for you then this workshop is designed to help gather more information along your journey. This workshop will consider a number of key points: 1. Why innovation is necessary? 2. Is your organization a leader or laggard? 3. How to initiate conversations internally? 4. How to track and measure the conversation? 5. Review of specific use cases? 6. The Innovation Resource Guide If you have any questions or feedback, let's talk. #thewalkergroup #bfsitechtalks #mpcevent #atlanticfintech #fintechnews #fintech2024 #fintechmanagers https://lnkd.in/eiptxQc9

Applying Optimal Strategies to Accelerate Collaboration and Expedite Access to Fintech Innovation One helluva panel discussion topic, it’s a mouth full Join our panel discussion at 24 Fintech ▶️ 5th Sep 2024 (Last Day) ▶️ 13:10 Hrs ▶️ Trend Stage ▶️ Panelist include Ravikumar Balakrishnan Ritika Butani Abdullah Alwabel Lucien Liu Zhengze Here are my thoughts on optimal strategies to make this happen: 🔗 Open Banking Initiatives: Embracing open APIs and data sharing standards can dramatically reduce barriers to entry for fintech startups and encourage collaboration between traditional banks and innovative newcomers. 🔗 Regulatory Sandboxes: These controlled environments allow fintech companies to test their innovations without full regulatory burden, accelerating the path from idea to market-ready solution. 🔗Cross-Industry Partnerships: Encouraging collaborations between financial institutions, tech companies, and even non-financial sectors can lead to unexpected and groundbreaking innovations. 🔗 Investment in Digital Infrastructure: A robust digital backbone is crucial for rapid integration and deployment of new fintech solutions. 🔗 Talent Development Programs: Investing in upskilling programs and fostering a culture of continuous learning ensures that the workforce can keep pace with technological advancements. 🔗 Hackathons and Innovation Challenges: These events can spark creativity, attract fresh talent, and generate innovative solutions to industry pain points. 🔗 Streamlined Procurement Processes: Simplifying the way financial institutions onboard new technologies can significantly reduce time-to-market for innovative solutions. By implementing these strategies, we can create an ecosystem that not only nurtures innovation but also ensures that groundbreaking fintech solutions reach the market - and consumers - faster than ever before. #Fintech #Innovation #Collaboration #DigitalTransformation #OpenBanking

Charting the course for an unforgettable fintech experience! 📊✨ Dive into the meticulous planning of our upcoming hackathon – from inspiring keynotes to engaging workshops. Get ready for a day packed with insights and networking! #FintechHackathon #Innovation

📣 VERY LAST CHANCE TO APPLY 📣 THE INNOVATION LAB APPLICATIONS CLOSE AT 17:00 TODAY!! 🕔 🕔 🕔 The Innovation Lab 2024 - What is it about? The Innovation Lab is a business incubator programme designed to accelerate the development of innovative ideas set to revolutionise the banking and financial sector, enhance financial processes, and provide economic opportunities for emerging fintech businesses. Scope of the challenge? How can we use external data and insights to better engage financial services customers in order to generate mutual value and trust for the customer, the financial provider, and any third party data provider? Who are we looking for? We’re looking forward to collaborating with #FinTech SMEs to explore how we can leverage new sources of data and develop added value propositions on themes of home, retail and motor to drive engagement with customers. How to apply? Please visit: https://lnkd.in/eHAwpMCf Good luck! 🍀 Here's Richard Newland, Chief Customer Officer at BNP Paribas Personal Finance explaining more about the challenge and the excellent benefits. #Innovation #BusinessGrowth #BusinessSupport #Challenge #Elevate

𝗧𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽: 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺𝘀 by Whynde Kuehn Ecosystem is the new organization. Value is the new currency. In our digital, connected world we are shifting from orienting around value chains to business ecosystems, where we can generate more value by working together. Business ecosystems form for a variety of reasons, such as to support startups and innovation, facilitate the circular economy, promote collaboration and data sharing in contexts like open banking, or create a network of complementary services that enhance customer experience and drive mutual growth. #BusinessEcosystems #DigitalTransformation #StrategicPartnerships #CoCreation #Industry40 https://lnkd.in/eAnf36d6

🚀 𝗧𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 #𝗙𝗶𝗻𝘁𝗲𝗰𝗵 𝗶𝗻 𝟮𝟬𝟯𝟬: 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 Team8’s 𝗥𝗲𝗽𝗼𝗿𝘁 📊✨ 1/ 🌟 Introduction: Curious about what fintech will look like in 2030? Team8 explores what won't change, what will likely change, and what could change everything in the fintech landscape. #Fintech2030 𝟮/ 🛡️ 𝗪𝗵𝗮𝘁 𝗪𝗼𝗻'𝘁 𝗖𝗵𝗮𝗻𝗴𝗲?: - Convenience Always Wins: Customers prioritize ease of use. The shortest path to a financial product will always be the preferred choice. #CustomerExperience - Regulation Is Inevitable: You can't fight city hall. Regulation may be slow, but it always comes to maintain trust. #Regulation - Macroeconomic Cycles: Economic cycles will continue to influence financial services. Timing the market isn't a reliable strategy. #Economics - Local Financial Services: The global financial infrastructure will remain fragmented. Startups must navigate local conditions. #GlobalFinance - Incumbents Aren't Going Anywhere: Established financial institutions are resilient due to scale and trust. Collaboration opportunities with fintech will grow. #Incumbents - Fraud is Omnipresent: Where there's money, there's fraud. Startups need robust fraud prevention to thrive. #FraudPrevention 𝟯/ 🌐 𝗪𝗵𝗮𝘁 (𝗟𝗶𝗸𝗲𝗹𝘆) 𝗪𝗶𝗹𝗹 𝗖𝗵𝗮𝗻𝗴𝗲?: - Bank Tech Upgrades: Expect significant enhancements in bank technology through fintech partnerships and acquisitions. #BankTech - Embedded Finance: Financial services will become more integrated into non-financial platforms, enhancing convenience and personalization. #EmbeddedFinance - Rebundling & Orchestration: Fintechs will offer bundled services tailored to local needs, improving interoperability. #FintechServices - B2B Fintech Expansion: The B2B sector will see increased fintech adoption, transforming business operations. #B2BFintech - Customer Empowerment: Customers will gain more control and personalization in their financial interactions. #CustomerFirst - Big Tech's Role: Major tech companies will play a larger role in the fintech space, driving innovation. #BigTech - Compliance as Differentiator: Strong compliance measures will become a competitive advantage. #Compliance 𝟰/ 🔮 𝗪𝗵𝗮𝘁 𝗖𝗼𝘂𝗹𝗱 𝗖𝗵𝗮𝗻𝗴𝗲 𝗘𝘃𝗲𝗿𝘆𝘁𝗵𝗶𝗻𝗴?: - Climate Concerns: Sustainability will reshape financial services incentives. #ClimateChange - Generative AI: AI will revolutionize cost structures in banking. #AI - Immersive Financial Services: Expect a fully immersive financial experience. #Innovation - Digital Identity: Widespread adoption of digital identity by consumers, businesses, and governments. #DigitalIdentity - Self-Custody: Consumers might prefer self-custody over centralized services. #SelfCustody 𝟱/ 📝 𝗖𝗼𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻: This report by Team8 provides a roadmap for navigating the future of fintech. Embrace the changes and stay ahead of the curve. #FutureOfFintech

Charles Potts EVP, Chief Innovation Officer @ ICBA really brings it this week! Mission driven and community focused as always, Charles drops some great insights: In this episode we cover: - The importance of community banks for economic growth - Responsible innovation in banking technology - Analysis of the fintech ‘challenger’ era and its impact on banking - Exploration of embedded banking and its implications for traditional banks - Importance of clear strategy and goals for banks in navigating new partnerships - Providing choice and options for community banks in technology solutions - Job creation as a key metric for success in banking technology Dave Mayo Tanner Mayo https://lnkd.in/g6GPck73

Absolutely brilliant to welcome to my Frontiers in FinTech class, Master of Financial Technologies Panagiotis Kriaris Unzer for a truly insightful session on the next-gen FinTech landscape. The presentation and discussion revolved around the following themes: ◾ Integration and partnerships in FinTech: forging strategic collaboration and partnerships across the FinTech ecosystem is critical. This approach does not only accelerates innovation but also facilitates the sharing of expertise and resources, ultimately leading to the development of more comprehensive and user-centric FinTech solutions. The future of financial services relies heavily on synergistic relationships between diverse entities. ◾ Rapid pace of change: the accelerated evolution within FinTech illustrates how advancements in technology have blurred the lines between incumbents, FinTechs and BigTechs. This rapid pace of change demands that industry participants remain agile and informed, ready to pivot strategies and embrace new technologies to maintain a competitive edge. ◾ Navigating the hype: amidst the buzz and excitement often surrounding FinTech discernment and focus on substantive innovation is important. Filtering through the noise to identify truly transformative developments is critical. ◾ Decoupling of infrastructure and services: decoupling has allowed for the emergence of more agile and innovative FinTech solutions that can be tailored to specific problems and needs. ◾ APIs and FinTech evolution: APIs serve as the building blocks for integration between disparate financial systems and services. APIs showcase how interoperability and real-time connectivity have become foundational to the development of a cohesive and efficient financial services landscape. ◾ Shifting competitive landscape calling for adaptation and resilience: the emergence of new business models indicate a significant shift towards more integrated and accessible financial services, enhancing the ubiquity and convenience of financial services delivery. FinTech and financial services stakeholders must be prepared to respond to rapid technological changes and economic shifts as a means to navigate and thrive. Panagiotis many thanks for taking the time to contribute to our students' unique learning experience. Swinburne University of Technology Swinburne Australian Graduate School of Entrepreneurship #fintech #fintecheducation #fintechinnovation #fintechindustry #fintechrevolution #fintechinsights

Australian fintech call out for a UK market opportunity to win a pilot with Lloyds Banking Group. Lloyds Bank’s Launch 2024 Program applications close TODAY 17th April. Launch 2024 is a five month collaborative innovation programme offering rapid experimentation. Successful applicants will work with subject matter experts and dedicated Launch Programme colleagues to refine and test value propositions to solve key strategic business challenges with Lloyds Bank. Your bespoke proposals will be pitched to the relevant Challenge sponsors and senior leaders, giving applicants the chance to run a proof of concept in partnership with Lloyds Banking Group. A large portion of the delivery is remote, so still being in Australia is not an issue. However, being in the UK for the later part of the program will be critical. I know the timing is short notice, if this is an issue and you are keen we may get you some extra time (message me direct and you will still have to move quickly (this week). The application is not onerous - you should make the cut if you are prepared with your pitch. Too good an opportunity with a key UK player to not share with you. https://lnkd.in/eabigqsQ.

The winners of the inaugural Qorus Reinvention Awards - Europe 2024 were officially announced yesterday, at the gala ceremony in Vienna, and we can still feel the positive energy and “we can do it all” vibe! 🎉🏅   Financial services firms across Europe were invited on stage to showcase their unparalleled innovation and technological prowess, demonstrating how they are setting the benchmark for excellence in the industry.   👏 Huge congrats to all the winning institutions, and especially to all the teams behind them, for their outstanding achievement and leading the way, inspiring others to push traditional boundaries!   And our deserving winners for 2024 by category are:   European Innovator of the Year: 🥇 Gold: Intesa Sanpaolo (Italy) 🥈 Silver: CaixaBank (Spain) 🥉 Bronze: Fidelidade (Portugal)   Customer Experience: 🥇 Gold: Yapı Kredi Kredi (Turkey) for their groundbreaking "My World" Super App. 🥈 Silver: KBC Bank & Verzekering (Belgium) for their Integrated Housing, Energy and Mobility Ecosystem. 🥉 Bronze: CaixaBank (Spain) for their “My Aggregated Plans”.   Distribution: 🥇 Gold: Raiffeisen Bank International AG (Austria) for their Finance Quests initiative. 🥈 Silver: Fibabanka (Turkey) for their Alışgidiş (Get and Go) BNPL facility. 🥉 Bronze: Millennium bcp (Portugal) for their iziBizi ERP system.   Environmental, Social, and Governance (ESG): 🥇 Gold: Ethias (Belgium) for their Urban Data mapping tool. 🥈 Silver: Grupo Ageas Portugal (Portugal) for their initiative "For a World without Labels". 🥉 Bronze: Česká spořitelna (Czech Republic) for their state subsidies tool in mobile banking app.   New Ways of Working: 🥇 Gold: Banca Widiba (Italy) for their Financial Advisors Team collaboration tool. 🥈 Silver: Ziraat Bankası (Turkey) for their ZFG MOBILE. 🥉 Bronze: Akbank (Turkey) for their Expertise, Career and Development Analytics Programme.   Operational Efficiency: 🥇 Gold: Allianz Partners (Spain) for their MAvalue app. 🥈 Silver: TBC (Georgia) for their Innovation Fund and “Working Backwards” Process. 🥉 Bronze: mBank S.A. (Poland) for their Conversion-Boosting Mechanisms in Paynow.   Check out the details of each innovation: 👉 More info here: https://lnkd.in/e6hvqEkw 👉 Innovation Radar with details of each case study (reserved for Qorus members): https://lnkd.in/e-jj6ZhP   Want to be part of this elite group of winners next time round? Don’t miss your chance by entering the global Qorus Innovation in Insurance Awards 2024 before 14 April and the Banking Innovation Awards opening in April.   #QorusReinventionAwards #BankingInnovation #InsuranceInnovation #FinancialServices