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Innovation in Financial services - Beyond the red castle

Cumps, Bjorn
Van Dyck, Walter
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Journal article
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Supervisor
Publication Year
2014
Journal
Global Banking and Finance Review
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Publication Issue
March
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Abstract
Even though we have witnessed a number of helpful innovations in recent years (i.e. mobile banking apps, QR-code based peer-to-peer payments, digital advisors, gamified savings accounts etc.), I think it is fair to say that banks and insurance companies are not the most innovative organisations around. Despite this, change is in the air and there are signs that the finance industry is finally beginning to realise the importance of innovation – but it is also clear that there is a long road ahead if banking is to catch up with other sectors such as I.T and Healthcare.
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Innovation, Innovation Management
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