How Eastern Bank Shifted Its Strategy to Compete with Online Lenders
Harvard Business Review
AUGUST 23, 2023
How one 200-year-old regional bank in the U.S. used intrapreneurship to compete with online lenders.
Banking Competition Management Strategy 
Unleashing Innovation: Mastering AI-Driven Design Thinking Strategies
Leapfrogging
FEBRUARY 28, 2024
The integration of Artificial Intelligence (AI) in this process has opened up new avenues for innovation and efficiency, leading to the development of AI-driven design thinking strategies. As a result, AI-driven design thinking strategies are emerging as a critical factor in developing innovative solutions that resonate deeply with users.
Design Thinking 
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How Retailers Are Transforming Customer Experiences with Data & AI
Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications
Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Turn Payments Into Personalization: Unlock the Value of Transaction Data
Trending Sources
Intentionality and the Differentiating Competitive Advantage
Planview
APRIL 6, 2023
Fresh off the pain of my poor Boilermakers loss in the NCAA tournament, I reflect on what a startling competitive disadvantage you’re at if your competitor can score buckets at three times your team’s speed. Speed of software delivery is either a competitive advantage or a startling disadvantage in the digital age.
Competition 52
52 Webinars
How Retailers Are Transforming Customer Experiences with Data & AI
Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications
Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Turn Payments Into Personalization: Unlock the Value of Transaction Data
Open Banking: what changes in terms of our relationship with money?
mjvinnovation
SEPTEMBER 11, 2020
a bank that provides delightful experiences combining emotions and finance may seem strange, but we’ll prove that that’s not necessarily true. And not only that: in the meantime, Open Banking has become regulated, which has dramatically affected banks and financial institutions. Nor can banks be.
Change 52
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Application of advanced analytics and machine learning in the banking industry
hackerearth
DECEMBER 26, 2018
Banks have always been custodian of customer data, but they lack the technological and analytical capability to derive value from the data. Whether it is a bank, non-bank, or fintech, competing in the banking revolution comes down to how efficiently the available data can be used to solve business challenges and better serve the customers.
How banks can build customer loyalty through design
mjvinnovation
SEPTEMBER 22, 2020
These changes in user consumption behavior must always be on your radar, for banks and other financial institutions. He no longer has time to go to the bank to manage his account or hire a service, nor does he want to sit down and listen to a broker talk about all the benefits of his insurance. Automation of services.
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Podcast S3E54: Rita McGrath – Seeing inflection points of innovation
Idea to Value
APRIL 6, 2020
In today’s episode of the Idea to Value podcast, we speak with Professor Rita McGrath, one of the world’s most respected experts on the intersection between strategy and innovation. 00:03:00 – Resource allocation is really at the core of strategy, and innovation requires these investments as well.
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Find out how to increase customer loyalty with Meaningful Banking
mjvinnovation
JANUARY 3, 2020
We believe that Meaningful Banking is the topic of the moment, after all, figuring out how to retain customers is what will differentiate your company from the competition — especially when we take into account that the customer is more demanding than ever. There is no more appropriate methodology for creating a meaningful bank.
How To 40
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Open Banking: what it is, how it works and why invest ASAP
mjvinnovation
APRIL 25, 2019
In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. What is Open Banking.
5 Strategies to Reduce Hiring Time in Your Company
CMOE
NOVEMBER 12, 2020
It also ensures that you can snap up talented candidates before your competition. Here are five strategies that HR managers can use to bring down hiring time almost overnight. Scouting for talent can be a time-consuming process, so experienced HR Managers keep a rich pool of talented candidates in the pipeline at all times.
Strategy 98
98 Trends and Technologies Innovating the Banking Industry
ITONICS
MAY 22, 2019
Trends will matter in the banking industry in the months and years ahead. Or maybe open banking? Now is a potential tipping point for banking: the importance of technology has never been as great in financial services as it is now. The challenge is to find out which ones are the most relevant to a given company. Maybe the cloud?
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Celebrating Achievements: A Recap of Customers Honored at Planview Accelerate 2023
Planview
SEPTEMBER 20, 2023
Here is a brief look into this year’s winners: Chevron Nicolas Cooper, Portfolio Strategy Senior Analyst Chevron’s Environmental Management Company (EMC) manages remediation and asset retirement obligations for over 650 sites across the United States.
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AI Has Taken the Boardroom by Storm. Here’s What You Must Know.
Planview
SEPTEMBER 19, 2023
is an internationally recognized high-tech executive with decades of experience in corporate general management, governance, strategy, technology, and operations. Suddenly, CEOs need to answer three key questions: What is your AI strategy? How will you leverage generative AI as a competitive advantage? Today, ANT is a $1.3T
So what is value creation?
Paul Hobcraft
MARCH 20, 2022
Stock is a static value: money in the bank, or trees in the forest. It’s the hybrid strategy.” The important need is to manage the stocks and flows of the capitals. Our management within our organizations needs to know where this real value creation resides. Managing these intangibles is critical to our future.
Our innovation era: creative destruction or destructive creation- which?
Paul Hobcraft
JULY 7, 2021
Competition fell away; they went into troughs of uninspiring innovation for some time. Let’s be honest; the banking industry has not been so innovative in many ways besides enhancing wealth creation by using financial instruments or to sustain the existing ‘world order constantly’. How will we manage the old and sick?
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Open X: the path to the decentralization in the financial sector
mjvinnovation
JULY 24, 2020
We have already touched on the regulation of Open Banking and its pillars. The cycle from Run the Bank to Change of Bank and how important it is to monitor these transitions to stay competitive. Given the information at hand, it’s safe to say that the entire banking sector is diving into an innovation era.
Data 52
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The Future of Banking – Promises and Threats
Rmukesh Gupta
AUGUST 31, 2016
One of the industries that seems to be on the cusp of going through a similar upheaval seems to be the banking industry. If you look at what a bank does at its core, it is only two things: Collect money from parties (individuals, businesses and governments) and keep them safe and pay them whenever they need the same back.
Top 5 Digital transformation use cases for the BFSI industry
Acuvate
JUNE 22, 2022
“Digital banking,” “super apps,” “hyper-personalization,” “customer experience,” and “agility” — are the terms redefining the BFSI industry today. Additionally, even though banks invest large sums of money in contact centers for handling inbound customer queries, a majority of these calls are generic and repetitive.
Industry 52
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Our innovation era: creative destruction or destructive creation- which?
Paul Hobcraft
JULY 7, 2021
Competition fell away; they went into troughs of uninspiring innovation for some time. Let’s be honest; the banking industry has not been so innovative in many ways besides enhancing wealth creation by using financial instruments or to sustain the existing ‘world order constantly’. How will we manage the old and sick?
Creativity 211
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What the Cannabis Business Needs in Order to Thrive
Business and Tech
DECEMBER 14, 2021
Finding technology solutions that allow dispensary owners to focus on running their businesses effectively is key to succeeding as competition heats up in the industry. High state taxes and federal inaction on banking. Jennifer Lujan Senior Director for Social Impact, Eaze . What does the business of cannabis mean to you?
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130 Relying on outdated tools or conditions
Jeffrey Phillips
MAY 15, 2023
In the uncertainty we face today (this post was written in May 2023), many business leaders are facing uncertainty about what strategies to implement, what plans to make. What do managers turn to for answers? Older tools and models that have proven themselves over time. There are several answers, and none of them are perfect.
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BIG Ideas: How ICL Built a Billion Dollar Innovation Accelerator
Qmarkets
OCTOBER 25, 2023
Powered by Qmarkets’ idea management solution Q-ideate , BIG gathers and implements ideas sourced by over 13,000 ICL employees around the world. What can ICL’s approach to crowdsourcing tell us about how to launch a successful idea management program? To find out, let’s dive into the world of BIG.
Ideation 105
105 Choosing the Digital Transformation Strategy that is Best for Your Company
Qmarkets
JANUARY 20, 2018
Similarly, when it comes to selecting a strategy for digital transformation, one must leave emotion behind and base the decision on what is best for the company. caption id="attachment_45283" align="aligncenter" width="640"] Capgemini’s Digital Strategy Articulation Framework. How can they transform? Source [/caption].
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What is change management and why is it essential for digital transformation
hackerearth
AUGUST 17, 2018
“When it comes to change management, “implementation” isn’t the end—it’s just the beginning.” ” –Beth Banks Cohen. What is change management? Individual change management.
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Innovative Businesses Prioritize Creativity
Daniel Burrus
FEBRUARY 3, 2021
For example, Citibank started as the City Bank of New York in 1812, making them over 200 years old! What many don’t realize is that as time has passed and the world has changed, their traditional products and services may continue to sell well, but the margins are much lower and there is much more competition. The Test of Time.
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Manoj Khanna
Innovation 360 Group
MAY 17, 2018
For over 18 years I’ve helped strengthen teams from large commercial insurance companies, investment firms, big commercial banks, and media & telecom agencies within continental North America, Europe and Asia. Area of expertise: Lean & Agile Management. Business Strategy. BS, Business Management. DevOps Practices.
Proving the Value of Innovation: How Innovation Departments Measure Their Impact
Innov8rs
MARCH 8, 2024
Click to play the full session recording The Evolving Role of Innovation Departments Innovation departments maintain a company's competitive edge through continuous reinvention and adaptation. Ben highlights the challenge of conveying complex financial analyses, such as the Monte Carlo simulation, to a diverse audience.
Innovation 59
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3 Purchasing Strategies When You’ve Got A Low Budget
The Human Factor
NOVEMBER 8, 2018
Very few entrepreneurs launch a new business with all the funds they need in the bank. Admittedly, it’s not impossible for new companies to be granted a commercial bank. Indeed, leasing equipment can let you upgrade the technology you use without breaking the bank. Contributed post –. Why buy when you can borrow?
Strategy 28
28 Big Techs in the insurance market: how to use a User-Centrism strategy to address them?
mjvinnovation
NOVEMBER 27, 2019
We present a User-Centric strategy that can be used as a powerful tactic to address them. . has also announced that it is joining Amazon in some US states to offer smart house kits, insurance quotes and risk management information at a digital store. . Will the same thing happen to insurers that happened in the banking institutions?
Marketing 40
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Big Techs in the insurance market: how to use a User-Centrism strategy to address them?
mjvinnovation
OCTOBER 11, 2019
We present a User-Centrism’s strategy that can be used as a powerful tactic to address them. has also announced that it is joining Amazon in some US states to offer smart house kits, insurance quotes and risk management information at a digital store. How can a User-Centrism strategy help you tackle Big Techs?
Marketing 40
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Why Financial Organizations Must Fight Digital Disruption with Digital Disruption
Qmarkets
JULY 8, 2017
To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The financial industry is changing rapidly, incorporating technology into business models to stay current and competitive. caption] Fighting Fire with Fire.
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Big Techs in the insurance industry: how to use a User-Centrism strategy to address them?
mjvinnovation
JUNE 21, 2019
In this article, in addition to helping you think about who Big Money is and what they do, let’s present User-Centrism’s strategy as a powerful tactic to address them. has also announced that it is joining Amazon in some US states to offer smart house kits, insurance quotes and risk management information at a digital store.
Industry 40
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Big Techs in the insurance market: how to use a User-Centrism strategy to address them?
mjvinnovation
JUNE 21, 2019
In this article, in addition to helping you think about who Big Money is and what they do, let’s present User-Centrism’s strategy as a powerful tactic to address them. has also announced that it is joining Amazon in some US states to offer smart house kits, insurance quotes and risk management information at a digital store.
Marketing 40
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Future-Proofing Financial Market Innovation – Fighting Digital Disruption with Digital Disruption
Qmarkets
DECEMBER 4, 2019
To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The financial industry is changing rapidly, incorporating technology into business models to stay current and competitive. caption] Fighting Fire with Fire.
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What is idea management and why is it important for any business
hackerearth
JUNE 29, 2017
Ideas that, if materialized into innovative products or services, align with your organization’s goals, increasing revenues and keeping competition at bay. What is idea management? Top management world over is now running helter-skelter demanding innovation. That’s the crux of idea management, thereby potential innovation.
Paulo Malta
Innovation 360 Group
APRIL 30, 2017
Paulo has large experience in Sales & Pre-Sales Management, Business & Market Development, Channel Development & Management and in translating business needs in IT solutions. Innovation Management. Sales and Pre-Sales Management. Areas of expertise. Business Model Transformation. Entrepreneurship.
New Retail: how chinese user-centrism transforms retail
mjvinnovation
JANUARY 28, 2020
Penned by Jack Ma, founder and former CEO of Alibaba Group, the term New Retail is part of the Five New strategy —the five different business strands that will guide the conglomerate in the coming years. About a third of the world’s population is not an account holder of any bank —they are the so-called debanked. billion users.
A better way: combining Business Intelligence with Design Thinking
mjvinnovation
JANUARY 3, 2019
By doing this, you can generate insights for business, innovate upon better data interpretation, in-depth process coordination, policies, people and technologies to manage information assets and make more efficient decisions that deliver positive results for your business. to identify patterns in their users’ banking accounts.
A better way: combining Design Thinking and Business Intelligence
mjvinnovation
JANUARY 3, 2019
By doing this, you can generate insights for business, innovate upon better data interpretation, in-depth process coordination, policies, people and technologies to manage information assets and make more efficient decisions that deliver positive results for your business. to identify patterns in their users’ banking accounts.
FORRESTER: Financial Services Innovation Requires Digital Tech, Matchmaking, and Discipline
Planview
JANUARY 14, 2016
Banking is an old business. But in the past year, the rapid adoption of financial services innovation technology has catapulted banking, insurance, and financial leaders into the now. Disruption and innovation often go hand-in-hand, but staying competitive means being ready for it. Check out our top choices, below.
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The Top 5 Technology Trends That Will Drive Innovation in 2018
hackerearth
MARCH 28, 2018
AI chatbots, by blending principles of sentiment analysis, knowledge management and NLP, will serve as health assistants and virtual helpers to improve caregiver–patient interactions. AI for automakers will be about driverless systems that could even predict your destination and for banks it will be about superior end-user experience.
8 External Innovation Sources You should know
ITONICS
SEPTEMBER 12, 2018
However, nowadays many innovation leaders are increasingly focusing on “mixed” innovation strategies by combining internal innovation drivers and external partners and thus open up innovation to the outside world. Software and consulting companies that provide solutions and services for innovation management. Tech and trend scouts.
Why Financial Organizations Must Fight Digital Disruption with Digital Disruption
Qmarkets
APRIL 24, 2017
To counter the threat of disruption, financial organizations must innovate in order to stay ahead of the competition. The financial industry is changing rapidly, incorporating technology into business models to stay current and competitive. caption] Fighting Fire with Fire.
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No such thing as the digital revolution? Avoidance strategies and status quo mentality are deadly when it comes to digitization!
etventure
OCTOBER 6, 2016
Publications such as the one written by Hans-Werner Feick are likely to further reinforce these avoidance strategies and the status quo mentality. Others refer to ‘the fintechs’ that are disrupting and shaking up the old banking economy. Traditional banks have now lost these customers forever – and this is an upward trend.
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