Despite all their efforts to pursue tech innovation internally and through partnerships, many banks are still struggling to turn those endeavors into practical solutions.
Over the last few years, banks have stepped it up. They are embarking on partnerships with fintech firms, they are incubating early-stage startups and they are trying to foster innovation from within. This multipronged approach might be creating problems, observers say. Essentially, banks are still trying to figure out their best method for innovation, said William Sullivan, global head of market intelligence for Capgemini Financial Services.
Sourced through Scoop.it from: www.americanbanker.com