Open Innovation in Banking Summit
The Biometric Update website noted that Open Innovation has emerged as one of the most topical subjects in banking today. Open Innovation involves sharing and cooperation between companies. It is set to transform the banking of the future and aims to help the financial sector to fuel innovation through partnerships and collaborations with various start-ups.
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WeBank: Banks Must Open Capabilities to Market
The Finews.asia website reported that WeBank vice-president Henry Ma cited open innovation as the key to attracting more opportunities, saying that the success of tech giants like Google and IBM, which have opened up their technology stack and are going open source. WeBank is doing the same by opening
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Open Banking: Evolve Or Be Left Behind
The World Finance website noted that open innovation ascertains that companies need to become less insular and look beyond their own house to cultivate new innovations that will grow their business and enhance their services for end-users. Henry Chesbrough’s philosophy is based on the central idea
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Japan Plans to Create Fintech Hub
An article on the Crowdfund Insider website noted that it is fair to say that over the past couple years, Fintech has taken the financial industry by storm; however, Japan has been a bit reluctant. But now, Japan is beginning to show a bit more belief in Fintech. In May 2017, the commissioner of the
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Open Innovation: a Key Driver of Societe Generale
Societe Generale‘s website reported on the bank’s outlook: “The digital era is changing how the Bank innovates: from ‘product’-oriented innovation to a relationship-focused innovation based on the customer experience, from inward innovation to open innovation in order
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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.
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