Recently, many community members have lamented the lack of innovation in financial services, implying that today's IT organization does little to add value or "innovate" in today's business climate. However, this past summer a number of banks, including Capital One, Morgan Stanley, Citigroup, American Express, UBS and Bank of America backed the 2013 FinTech Innovation lab in hopes of finding new ideas and technology that can help their business.
Six newer technology providers presented their ideas and were judged by CIOs from the banks. Technology innovations included a big data analytics tool, an app that allows all corporate systems to run securely through a browser, and others.
Read the full article: 6 FinTech Winners Revealed