Tag: financial

Emerging Trends Impacting the Financial Sector in 2019

Emerging Trends Impacting the Financial Sector

This is, believe it or not, a picture of a financial revolution. The financial sector is often seen as stodgy and slow to innovate, but the arrival of financial tech, or fintech for short, has forced change management and innovation strategy to the forefront. What trends in innovation will affect finance in 2019? Here’s a … Continued

The State of Innovation in the Financial Sector

Innovation in the Financial Sector

Fintech funding is increasing. Just over a decade ago, we were spending a little over $5 Billion on financial technology – today we’re spending nearly $78 Billion. Why are we seeing that investment accelerate? Because the financial sector is ripe for disruption and investors want to make sure that they’re part of the financial future … Continued

4 Great Innovations that Started as Employee Ideas

Innovations that Started as an Employee Idea

The idea for IdeaScale functions on a simple premise: good ideas can come from anywhere. This tenet underpins most of crowdsourcing and all open innovation programs. The idea isn’t new (after all, the very idea of democracy is based on the wisdom of the crowd), but it’s become more and more sophisticated alongside the systems … Continued

FinTech and Machine Learning

fintech and machine learning

When people talk about machine learning they are a referring to a type of artificial intelligence that has the ability to learn without explicit programming. These programs can grow and change on their own once they know how to learn and some financial companies are beginning to use machine learning for a variety of different … Continued

Tax Design Challenge: The IRS Turns to Crowdsourcing

With Tax Day looming, the organization that taxpayers love to hate is turning to crowdsourcing to improve its services, as well as its image. Between April 17th and May 10, the IRS will be accepting submissions for a crowdsourced competition to craft the next generation of revenue collection: the Tax Design Challenge. Contest-based crowdsourcing has … Continued