article thumbnail

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. Don’t be one of those companies.

article thumbnail

Meeting the Challenge of Innovation in a Highly Regulated Industry

IdeaScale

Thus, when your company works in a highly regulated industry such as healthcare or banking, you have some extra hoops to jump through. While you must abide by regulations, with pressure, they can change and loosen over time.?. Changing the Regulations Is Innovative. Things change. Maybe you can change them.

Industry 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Emerging Trends Impacting the Financial Sector in 2019

IdeaScale

The financial sector is often seen as stodgy and slow to innovate, but the arrival of financial tech, or fintech for short, has forced change management and innovation strategy to the forefront. Crowdsourcing And Open Innovation. What trends in innovation will affect finance in 2019? Here’s a look at what’s ahead.

Trends 113
article thumbnail

Using Innovation to Improve Your McKinsey Organizational Health Index Score

InnovationManagement

2020 proved just how important our relationships to banks and credit unions are as they worked to rapidly respond to the changing financial needs of their customers. The post Using Innovation to Improve Your McKinsey Organizational Health Index Score appeared first on InnovationManagement.

article thumbnail

How Can Crowdsourcing Help the Caribbean to Transform by 2040?

IdeaScale

The Inter-American Development Bank/Caribbean DevTrends created a video titled, “Jump Caribbean! Tourism, climate change, youth, regulatory policy, entrepreneurship, transportation, natural disasters, and technology play a major role in shaping the region. With that said, I think it would be great to crowdsource our ideas.

article thumbnail

What Are Some Examples of Crowdsourcing Innovation?

IdeaScale

There’s no better demonstration of the power of crowdsourcing than proof of it in action. Here are four examples of crowdsourcing in action improving everything from financial services to government communications. Standard Bank: Getting Money Where It Needs To Be. The solution used crowdsourcing in two unique ways.

article thumbnail

Why Financial Organizations Must Fight Digital Disruption with Digital Disruption

Qmarkets

The financial industry is changing rapidly, incorporating technology into business models to stay current and competitive. Banks are opening up to the idea of looking outside of their normal creative processes, by using external sources such as crowdsourcing with customers for their next disruptive technology.