Financial Services Innovation: What approach to adopt for maximum impact in 2023?".

Tonight, we had such a great FutureFinTech - Open Innovation platform event at INSEAD on the topic "Financial Services Innovation:
 What approach to adopt for maximum impact in 2023?".

We exchanged with Jonathan Chan Rajeev Tummala Harald Eltvedt and Alex Szabo who are senior innovation leaders in Singapore.

Key takeaways:
1- Why are we innovating? Getting top management "buy-in" is critical. Focusing on trending topics has the advantage to give the organisation a return on experience from experimenting with those topics (in a safe/low-cost environment).
2- How to take decision? We cannot track and measure innovation the same way we track traditional projects. Innovation needs its own space where failure is part of the learning process but also where decisions can be taken quickly.
3. Innovation is an investment. No matter what model is adopted (intrapreneurship/startup investment / corporate venture...) innovation needs to be managed as a portfolio with various risk/return investment horizons.

Thanks everyone for joining and will see you soon at our next event!