Dropping the curtain on ‘Innovation Theatre’: Part Four
Dec02

Dropping the curtain on ‘Innovation Theatre’: Part Four

“40% of bank C-suites have zero technology experience.” The team at FINkit has had the fortune of working with some real visionaries – both within our own team and at our clients and partners. People that know the future is coming, know the role that technology can play, get the commercials, see the hurdles and have the strategies to overcome them. In technology, ‘disruptors’ and risk takers are ten-a-penny. In banking you...

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Dropping the curtain on ‘Innovation Theatre’: Part Three
Nov30

Dropping the curtain on ‘Innovation Theatre’: Part Three

“Trying to work with a bank is painful at best” Steve Lemon, Co-Founder of Currencycloud In his opening talk at ‘Dropping The Curtain on innovation Theatre’ on Monday, Alastair Lukies, the UK Prime Minister’s Business Ambassador for FinTech compared running a FinTech in the UK to being the baby iguana running for its life from the racer snakes on the BBC’s Planet Earth. Having been one of the early ‘FinTechs’ and spent a...

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Dropping the curtain on ‘Innovation Theatre’: Part Two
Nov29

Dropping the curtain on ‘Innovation Theatre’: Part Two

Last night we held the second event in a series we will be running to not only debate the well documented challenges in the retail banking sector but also inspire commitment for collaboration and practical change. Financial technology influencer and author Chris Skinner, Scott Abrahams, Global Head of Emerging Payments for Mastercard, Innovate Finance CEO Lawrence Wintermeyer, Steve Lemon, Co-Founder of Currencycloud and Alastair...

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Dropping the curtain on ‘Innovation Theatre’
Nov24

Dropping the curtain on ‘Innovation Theatre’

We have written extensively about the frustrations associated with the ‘Innovation Theatre’ that is all too prevalent in the retail banking industry. Labs, hackathons, redesigned receptions, dedicated teams based in Shoreditch – the list of tactics is extensive in the attempt to mask the reality, which is that very little is being done to get real innovation into customers’ hands. This is frustrating for the countless FinTech...

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Quit Innovation Theatre To Attract Best Tech Talent!
Sep27

Quit Innovation Theatre To Attract Best Tech Talent!

The City of London has long been established as a leading presence at the top table of global technology hubs. Its pre-eminence has been especially pronounced in the burgeoning FinTech sector, at least in part because of the fertile conditions provided by the high concentration of financial institutions in the City. But as digital-first challenger banks and other disruptive startups begin to influence the financial- services industry...

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The Death Knell for Innovation Theatre
Sep20

The Death Knell for Innovation Theatre

It’s clear to see from the sheer volume of PR and excitable press articles over the last twelve months that big banks have recognised the need to collaborate with FinTechs in order to maintain their place in a customer’s heart. I say ‘a’ customer and not ‘their’ customer because ownership is dead; in this era, the customer owns themselves. With so many offerings now coming to the table, retail banking revenue streams are being chipped...

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Innovation At The Edge
Aug10

Innovation At The Edge

The CMA’s report this week shouldn’t really have surprised anyone within the retail banking sector. We’ve spent a lot of time in Hackathons, Innovations Labs and Consumer-pilots, but is this visible to your average retail banking customer? Of course not. Banks – despite their best efforts (and some of the pilots are extraordinarily forward-thinking, despite what you might think) – are perceived as slow to react; their efforts are...

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Can FinTechs and Banks Work Together?
Apr26

Can FinTechs and Banks Work Together?

Earlier this month the FINkit team hosted a FinTech roundtable debate with some of the most exciting FinTech businesses in the space. Hosted by our CEO Lee Cameron and facilitated by Paul Anning from Osborne Clarke, attendees included Jonathan Vaux from Visa Europe, Jorgen Norgin, the Chief Innovation Officer from Fastacash, Gabriel Hopkins from FICO and Graeme Ventris from LivePerson who updated the group on the business’ integration...

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