Is your strategy fit for a digital world?

In an age where incumbents are facing a perfect storm of change, one must rethink ones approach towards corporate strategy and embrace the exponential nature of a platform or ecosystem strategy rather than sticking to a traditional linear product-centric approach. Failing to make this transition of strategic mindset will spell certain death for your business.

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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.

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Let’s build a bank together

Even though banks have had a digital presence since the dawn of the internet, online banking solutions still resemble an electronic representation of the paper-based bank statement that used to arrive in the mail once every month. If you are convinced that you could do a much better job than the banks in reinventing online banking, you should look no further.

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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?

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Finansbransjens digitale revolusjon har så vidt begynt

Fra en beskjeden start for kun få år siden har norsk finansteknologi (fintech) blitt et sentralt tema i videreutviklingen av norsk finansnæring. Kombinasjonen av regulatoriske endringer som krever at bankene tilgjengeliggjør deler av sin betalingsinfrastruktur for tredjeparter gjennom betalingsdirektivet PSD2, endringer i kundenes forventinger og adferd og mulighetene som ligger i ny teknologi utgjør en perfekt storm som driver frem behovet for endringer i bransjen.

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