">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Friday, February 26, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Fintech

Firms need to foster idea generation to ship products to market effectively

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Fintech
5 min read
0

Firms need to foster idea generation to ship products to market effectively and in a low-risk manner according to a new report by Innotribe.

The report dubbed “Dynamism in Diversity: The essentials for successful Innovation Teams in the Financial Industry,” details current innovation frameworks and best practices for developing innovation programmes across the wholesale financial industry.

According to Fabian Vandenreydt, global head of securities markets, Innotribe and the SWIFT Institute at SWIFT, “Based on our discussions with innovation leaders, it is apparent that large and small organisations need to realise the importance of collaboration and embracing cultural differences. This is where Innotribe comes into its own, essentially acting as a cultural translator between startups and more established institutions so that they can work together.”

Vandenreydt adds that the element of diversity in innovation is extremely important, and Innotribe believes that innovation happens when people from different culture, background and expertise sit together and work together to turn innovation theory into practice, effectively helping financial organisations stay competitive.

Based on interviews with 11 innovation leaders, the Innotribe report explores the process of innovation, outline the essential components of building an innovation team and identify the top ingredients for high performing innovation teams.

According to the research, large financial organisations are up against the formidable challenge of correctly channeling ideas in a timely fashion, whilst working within a complex, high-value and highly regulated business environment.

The research cites that strong collaboration, both externally with clients and internally with product, technology and operations teams, is just as essential in the development of products and services as collaboration and partnership with FinTech startups. A key part of collaboration includes embracing diversity among these internal and external collaborators.

READ  Velocity Capital, a Cellulant, Yoco & Mines investor unveils a €105M Fintech Ventures Fund for fintech startups globally

Related posts

‘Banking4U’ App by Kenya-based Tech Services Company, SG NewTech, Wins Award at Finastra’s Global Hackathon

February 11, 2021
0

This SA fintech firm has raised $5 million to build bridges to financial inclusion

December 10, 2020
0

Netflix could soon accept payments via mobile money in Kenya

October 22, 2020
0

Visa acquires stake in UK-based Fintech, Global Processing Services (GPS)

October 21, 2020
0

The experts interviewed for the report are part of a wider Innotribe Anchor Group, which represents a global network of fifty senior executives responsible for core innovation at their respective financial institutions.

Launched in 2015, the group exchanges ideas and inspiration on how to develop innovation across the wholesale financial industry, helps drive the selection of topics to be pursued through the Innotribe Industry Challenges, a new initiative in the Innotribe toolbox. Launched in 2016, the Industry Challenge brings together member institutions, FinTech vendors, startups and SWIFT business and IT leaders in the development of collaborative solutions around key business areas such as Securities, Compliance and Cyber-security.

Readers 1,071

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Fintech

‘Banking4U’ App by Kenya-based Tech Services Company, SG NewTech, Wins Award at Finastra’s Global Hackathon

February 11, 2021
0
Fintech

This SA fintech firm has raised $5 million to build bridges to financial inclusion

December 10, 2020
0
Fintech

Netflix could soon accept payments via mobile money in Kenya

October 22, 2020
0
Fintech

Visa acquires stake in UK-based Fintech, Global Processing Services (GPS)

October 21, 2020
0
Fintech

How Nigeria’s Tech Startup ‘Kuda’ Has Been Keeping Their Users Safe From Police Brutality

October 13, 2020
0
Fintech

Ozow launches Ozow PIN to enable users to transact online or at POS without an app or registration

September 15, 2020
0
Fintech

Interswitch CEO Mitchell Elegbe to discuss African fintech at 2020 edition of TechCrunch Disrupt

September 9, 2020
0
Fintech

Africa Fintech Foundry (AFF) appoints Daniel Awe as new head

August 31, 2020
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

gnuGrid, Uganda’s remote off-grid monitoring startup raises $250,000 for expansion

February 25, 2021

South Africa’s API developer Stitch raises $4m to make Africa a world-leader in fintech

February 25, 2021

Usiku Games targets 8 million primary pupils to bolster STEM learning

February 25, 2021

Gozem appoints Othmane Bouhlal, co-founder of French ride-hailing firm Chauffeur-Privé’s to its board

February 25, 2021
online shop

Number Of Kenyan Internet Shoppers Drop Massively

February 25, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: