hernaes.com

Innovation – Finance – Technology

Innovation

Uncategorized

Nye digitale forretningsmodeller eller digitaliserte raskere hester?

Digitalisering er ingen engangsøvelse, og der vi tidligere har vært dyktige til å digitalisere eksiterende prosesser for å løse kjente oppgaver raskere og mer kostnadseffektivt handler det å være digitalt om å re-tenke sine prosesser og forretningsmodeller ved smart bruk av ny teknologi. Norske banker har lang historikk for å bruke teknologi til å løse kjente problemer, men hvordan skal vi rette blikket fremover og løse morgendagens problemer for våre kunder?

Read More
Uncategorized

Constraints foster innovation

When it comes to innovation one of the most common associations to the term is to think outside the box and set your inner child free. While brainstorming completely without boundaries may produce some entertaining ideas, the usefulness of those ideas is often limited. Just look at how small startups are able to challenge behemoths corporations in incumbent industries, it is definitely not due to a limitless supply of resources, but rather the opposite.

Read More
Uncategorized

How to reinvent your core business

Attempting to reinvent your core business is hard. When it comes to innovations, the further you venture from your core business, the higher the likelihood of failure becomes. At the same time, sticking to an eroding core business for too long is a surefire way to slowly fade into obscurity. How should leaders manage innovation and avoid being caught between doing nothing and chasing the wrong opportunities?

Read More
Uncategorized

2017 has been an eventful year so far

It has been almost 6 months since I got on the plane and headed over to Bergen to take on the role as Chief Digital Officer in Skandiabanken. By now, fintech has exploded as a mainstream topic with an increasing level of interest from the general public. As customer expectations intensifies, so does the sense of urgency for banks to actually but those words into action and put their money where their mouths are. So far this year, I have done my part to make that happen.

Read More
Uncategorized

The most important trait of an innovator is resilience

In the age of digital disruption, the ability to be innovative is crucial for every incumbent. Changes are happening fast, and incumbent business models are challenged from every direction. No matter the resources allocated to innovation, supporting structures and conditions for innovation, the ability to innovate boils down to the competence and talent in the organization.

Read More
Uncategorized

If developers are the new rock stars, APIs are their instruments

Last week we announced that Skandiabanken will be supporting digital currencies by integrating to Coinbase Connect and exposing the account balance held at Coinbase. The real innovation really has little to do with bitcoin and digital currencies, but rather a representation of the way open banking will shape new products development and customer experience.

Read More
Uncategorized

How to succeed with innovation in established companies

Ten years ago I did my masters thesis on innovation capabilities in established companies. Since then I have been working with innovation the last ten years in various organizations. How naive I was when I was looking at innovation from an academic perspective. A lot of theory is focused on idea management, innovationstrategies, business models and processes. The truth is that what could have been brilliant innovations often end up as merely incremental improvements that act as artificial respiration for dying business models.

Read More