Innovation expert Amy Radin says banks can start their journey by asking how their next important project can change people’s lives.
Judges in the BAI-Finacle Global Innovation Banking Awards say bank innovators have advanced from mobile banking to omnichannel banking.
Good performers align their culture, brand and business model to implement a strategy that differentiates them from competitors.
Banks today find themselves in uncomfortable comparable positions to the failed giants Borders, Blockbuster and Blackberry.
Mastering the fundamentals of customer data consolidation, real time interfaces and speed-to-market capabilities makes it easier to embrace innovation.
2014 will be a year in which technological advances and new operational models increasingly dominate the banking landscape.
Banks seeking to improve their innovation efforts are turning to ‘Open Innovation’ programs that leverage internal talent.
Judges of the BAI-Finacle Global Banking Innovation Awards say innovation, particularly in mobile technology, will help improve public trust in banks by improving the customer experience.