The Innovators 2017

The Innovators 2017

Global Finance magazine's anniversary special issue on Innovation includes our awards for top Innovators in Finance of 2017, as well as a look back at the top innovations of the last 30 years and a look ahead to what the future of finance portends. 

Chain Of Crude

Chain Of Crude

Global Finance talks with Arnaud Stevens, Frédéric Dalibard of Nexitis, and Luca Comparini of IBM about blockchain technologies and commodity trade finance.

Equity Forever

Damian Glendinning, Lenovo’s treasurer, explains why the world’s biggest PC maker opted for a dual-tranche financing transaction using a perpetual security.

#10 Microfinance

#10 Microfinance

Although its successes have been less far-reaching than hoped by some of its proponents, it does provide a response to the challenges to helping the impoverished gain access to financial services to increase their incomes and financial stability.

#3 Ecommerce

#3 Ecommerce

Ebay leaders Meg Whitman, Bill Cobb, and Rajiv Dutta at an eBay Live event in 2007. Photo by eBay co-founder Pierre Omidyar. Ten years before Jeff Bezos left a New York hedge fund to start selling books over the Internet ...

#6 Asset-Backed Securities & Exotic Derivatives

#6 Asset-Backed Securities & Exotic Derivatives

​ Professor Michael Greenberger testifying, in 2010, at a Congressional inquiry into the causes of the 2008 financial crisis. The 1980s ushered in an era of exotic financial products that were hailed for fostering new ways to manage risk.

#4 ETFs

#4 ETFs

    Nathan Most, at the Amex, and Kathy Cuocolo, at State Street, were key players in the creation of SPDRs. 

Branchless Mortgages

Branchless Mortgages

Global Finance: What is Bidaya's business strategy? Mohamed Badat: Our business strategy involves leveraging innovation and digital infrastructure to directly reach customers in a secure, swift and seamless manner. Home finance and real estate has long been perceived as a ...

Trade Finance Getting Its E-Legs

Trade Finance Getting Its E-Legs

Processes that have changed relatively little over hundreds of years in trade finance are being catapulted into the 21st century, due to significant advances in data analytics, digitization and shared ledger technology. Once a forgotten backwater of transaction banking, trade ...

#9 Blockchain

First developed in 2008 by Satoshi Nakamoto—whose identity remains a mystery—as a public ledger for all bitcoin transactions, blockchain is now outshining the cryptocurrency it underpins as it offers banks and others the benefits of a distributed ledger, i.e., an ...

#2 Mobile Payments

#2 Mobile Payments

Starbucks generates 27% of its US sales via mobile payments, as consumers opt for contactless coffee. While there were efforts to provide banking through cell phones in the late 90s, the transition, around 2007, from cellphones to smartphones—with their expanded ...

#7 Online Trading Platforms

#7 Online Trading Platforms

The story of online trading platforms really starts May 1, 1975, when the Securities and Exchange Commission broke the Wall Street cartel and eliminated the practice of fixed brokerage commissions.

Flux Favors Innovation

Flux Favors Innovation

It’s been another crazy year, with Brexit, the election of Donald Trump as US president, tensions building up with Russia, continued strife and displacement in Syria and rising tensions in Asia, all of which are affecting global markets.

Bad Ideas

Bad Ideas

Reknowned economist James K. Galbraith, one of our expert panelists, pulls no punches in talking about the damage wrought by financial innovation

Proving Products

Proving Products

Global Finance: What are the unique features of the Al Nuwair Deposit Account? And what about the Eservice Gold Account? Fahad Khaled Al-Mukhaizeem: Al-Nuwair deposit is an innovative investment deposit that promises clients with expected profit rates based on the ...