Vi­sion-driven IN­NO­VA­TION

Banking Frontiers - - Research Notes - Mfis -

In­no­va­tion is the new Fash­ion. Ev­ery BFSI or­ga­ni­za­tion worth its name is cur­rently busy cre­at­ing hackathons and in­cu­ba­tion hubs to ac­cel­er­ate their busi­nesses. How­ever, the most suc­cess­ful among them are those where the lead­ers drive in­no­va­tion with their vi­sion.

For banks, the need for in­no­va­tions are mostly char­ac­ter­ized by the busi­ness DNA as well as the needs of the cap­tive tar­get au­di­ence, whether it is SMEs, Re­tail or Cor­po­rate cus­tomers. They have the chal­lenge of legacy while pur­su­ing a course of in­no­va­tion. ROIs too have been a cause for con­cern.

The key theme for Fin­noviti and Tech­noviti 2017 is ‘Vi­sion-driven In­no­va­tion’. While there are am­ple pot­holes on this path, the long term vi­sion is what will drive the en­thu­si­asm and the ef­forts to achieve per­for­mance. To trans­form is the key path to per­form and let us in­volve our­selves with newer and emerg­ing meth­ods of trans­for­ma­tion at Fin­noviti 2017 with the ‘Vi­sion­driven In­no­va­tion’.

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