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International Hackathon for Banking Innovation

IdeaConnection

Last weekend, Barclays Bank organized what it claims was the largest hackathon in financial services across two continents, ever. The huge open innovation event, called Rise Hackathon: Episode II – The Bank Awakens saw 547 teams and 1,045 participants compete over 36 hours in Mumbai, India, and Manchester, UK.

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Why do innovation programs fail

hackerearth

In other words, it is because sometimes innovation strategies fail to produce products/ services that the customers want. And as the saying goes, “disrupt or get disrupted.”. Which brings us to the question, “Why do innovation programs fail?”. Below are 6 reasons why innovation programs can fail.

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How KBC Bank Used Crowdsourced Innovation to Create Massive Employee Engagement

Planview

And when an industry is going through disruption, a company can’t afford to have those game-changing ideas sit in people’s heads or get lost in translation. KBC Bank, a European bank and financial services leader , is an example of a company that experienced disruption first hand. The birth of The Pitch. Conclusion.

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Powering Corporate Innovation in Finance: Industry Insights

Qmarkets

We often hear about sectors ‘facing disruption’, but few industries today are experiencing it at the same level as the finance industry. Fintech startups are changing the face of finance with new technologies that are making banking easier, faster, and more intuitive. On top of that, banks need to regain consumers’ trust.

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Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

Instead of lean innovation programs, there is a mandate to cut $2 billion in expenses by the end of next year, lift profits and raise the dividend. Are lean innovation and the Startup Way a failure in large companies? It’s often a cattle prod to a stagnant company, or one ignoring disruption by new startups.

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3 Takeaways from Spigit’s Innovation Forum

Planview

An exclusive group of innovation leaders convened for an evening of sharing best practices and in-depth discussions about innovation programs. Here are three innovation takeaways that grabbed our attention. Build an innovation program with employees to solve problems at scale.

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3 Takeaways from Spigit’s Innovation Forum

Planview

An exclusive group of innovation leaders convened for an evening of sharing best practices and in-depth discussions about innovation programs. Here are three innovation takeaways that grabbed our attention. Build an innovation program with employees to solve problems at scale.