Innovation is not easy, but there are ways to make it less difficult. We have summarized six simple steps to help organizations pave the way for innovation.
Banks and credit unions are heavily investing in technologies such as biometrics, machine learning, cloud solutions, and open banking to stay competitive with fintech firms and big tech giants.
Companies should not blindly follow the 70/20/10 innovation rule, but instead create a diversified innovation portfolio with a mix of incremental, transformative, and disruptive innovation.
