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Change the Bank: banking industry rules are changing

mjvinnovation

We have already mentioned the importance of the cycle of Run the Bank to Change of Bank and how urgent it is to monitor these transitions to remain competitive. Open Banking is a game-changer that alters the entire configuration of the banking sector. Why then, is there still resistance to Changing the Bank?

Change 52
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Intentionality and the Differentiating Competitive Advantage 

Planview

It examines anonymized data from over 3600 value streams, representing over 38K individuals across the value chain from ideation to value. Speed of software delivery is either a competitive advantage or a startling disadvantage in the digital age. They have that awareness, and they organize around it. They design for speed of business.

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Unleashing Innovation: Mastering AI-Driven Design Thinking Strategies

Leapfrogging

The Five Stages of Design Thinking The Design Thinking process is often represented by five key stages: Empathize, Define, Ideate, Prototype, and Test. Ideate : Generating a range of possible solutions. AI-Powered Ideation Techniques Ideation is the creative process of generating ideas.

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BIG Ideas: How ICL Built a Billion Dollar Innovation Accelerator

Qmarkets

Powered by Qmarkets’ idea management solution Q-ideate , BIG gathers and implements ideas sourced by over 13,000 ICL employees around the world. Croitoru’s background is in accounting and investment banking, and this informed his objective to treat innovation in the same way as financial results.

Ideation 105
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Have the Banks already been Disrupted?

Matthew Griffin

Banks were once the corner stone of the community but today their industry is being disrupted and disintermediated. There were two quotes that stood out for me and they were “My children don’t see Banks as a brand any longer” and “ We’re at risk of being turned into dumb pipes”. No, I just can’t be bothered.

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The Banks Guide to scouting Fintech

Matthew Griffin

“Four of Europe’s largest banks reveal their Fintech scouting strategies and with one exception their approach won’t come as a surprise. As an Entrepreneur you’ve worked 247 365 and seen your bank balance dwindle. Attention is your oxygen so what can you do to stack the odds of being noticed in your favour? ”. Check your Mirrors.

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Small “i” Insights or Large “I” Insights Yield Different Innovation

Gregg Fraley

The trap is thinking that consumer words, aka insights, are great launching pads or problem frames for ideation. Obvious insights are not exactly a competitive advantage either. ” or, “How might we improve the banking experience?” Listening to consumers is a skill any entrepreneur or innovator can cultivate.