FI Tip Sheet: The Innovator’s Dilemma

Three innovation-oriented questions for bankers to consider.

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Over the past few years, I have seen significant change within the banking community — much of it defensive or in response to government intervention and oversight.  According to a white paper recently published by McLagan, “a great deal has been said about the excesses and errors of the past; however (sic), the current focus for banks, in particular, must be on the need to innovate or risk becoming stagnant and losing the ability to compete for exceptional talent.”  This morning’s column focuses on the “innovator’s dilemma,” vis-a-vis three questions.

Everything is AwesomeDo We Need Sustainable or Disruptive Technology ?

I have talked with a number of Chairmen and CEOs about their strategic plans that leverage financial technology to strengthen and/or differentiate their bank.  After one recent chat, I went to my bookshelf in search of Clayton Christensen’s “The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail.”…

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