Deutsche Bank: Need More Open Approach to Innovation
The Out Law website described a paper published by Deutsche Bank which stated that bringing together banks’ core competencies with the nimbleness of financial technology companies with their capacity to use technology to innovate could help banks exploit the business-to-business e-commerce market. The report indicated a broader engagement being seen across other industries between established companies in those markets and new digital disruptors. There is increasing acceptance of the need to move away from a closed, proprietorial approach to innovation and instead look towards partnership agreements and other types of collaboration to flush out and harness new ideas.
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