Open Innovation Critical for Banks

By • on April 15, 2015

An article on the EuropeanCEO website noted a new report by Accenture  which said that the massive investment in fintech shows that the digital revolution is well advanced in financial services, and it is both a threat and an opportunity for banks. The report suggests that many well established banking institutions are not equipped to deal with the digital revolution and that open innovation is critical for banks to embrace the innovation disrupting their industry.

Click here to read the full article.

Image via Flickr.

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