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Ten Modern Examples of Bad Assumptions

Destination Innovation

2008 Financial Crisis: Many financial institutions assumed that mortgage-backed securities were low-risk investments, but they turned out to be toxic and the subsequent banking crash led to a global economic downturn. In fact he operated one of the largest financial frauds in history, a huge Ponzi scheme.

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Seven impacts Open Innovation can have on your bank!

mjvinnovation

It is no coincidence that the financial market, banks specifically, are among the most innovative. Keep reading to understand this movement and see what the main benefits of Open Banking are! Why are banks investing in Open Innovation? New technologies and new consumer behaviors are forcing banks to move.

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How To Manage Yourself Out Of A New Great Recession in 2023

helloFUTURE

In 2008, the world experienced a severe financial crisis. This led to a crisis in the banking and financial sector, as many banks held toxic mortgages on their books.… … The post How To Manage Yourself Out Of A New Great Recession in 2023 appeared first on IDEATE + EXECUTE.

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Banks: Too large to fail, easy to Disrupt

Matthew Griffin

“Senior banking executives are focusing on the impact that individual Fintechs or types of Fintechs will have on their organisations and industry but this narrow view means they’re at risk of missing the bigger picture. Conclusion.

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Innovate and Persuade with a Well-Judged Nudge

Destination Innovation

The concept was popularised in the influential book, Nudge, by economists, Cass Sunstein and Richard Thaler, published in 2008. In 2015 the World Bank established a group to help developing countries use nudge policies. Showing peer reviews e.g. for companies, products, hotels or restaurants.

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How to Keep Innovating During an Economic Crisis

Innov8rs

Embrace a different mindset about those obstacles, and think about the situation in three ways: Acknowledge reality: Accept that everyone is struggling, even the major tech companies and big banks. Don't stop innovating: Companies that continued innovating during the 2008 crisis grew 30% more than those that cut their innovation investments.

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Innovating in an Economic Downturn

Innovators Alliance

And its iPad was introduced during the 2008 downturn. As Apple has proven to the world, a robust innovation pipeline is the key to success, regardless of the economic environment. Apple began its stunning transformation with the iPod in 2001, during the darkest days after the Internet bubble burst.