We explore investment in new strategies for entrenched banking systems and cultures. Internet and mobile banking is here to stay, and embracing and investing in digital can hold huge potential rewards for banks when faced with digital-only challengers and start-ups. Traditional banking institutions must find a balance between the old and the new.
Head of Strategy and Innovation at Intelligent Environments, Simon Cadbury, examines:
- Why and how banks need to innovate
- Innovation strategies that work within a traditional banking model
- Embracing the mobile and social trend