To stay competitive financial institutions have to innovate in two key areas. First with the products which they offer and secondly with the systems and processes for delivering the products. Chapters describe how to develop a strategy for identifying and developing new products e.g. a retail banking product which may be complex and require months to develop and trading products which may have a short life-cycle and need to be engineered in a few days. Also considered are the new processes which companies need to adopt to deliver the products effectively and how reorganising the business processes can drive new product innovations. Key Features include - innovation trends in financial services , successful innovation strategies, how to compete through new products identifying new products, changing business processes to drive new products, benchmarking, technology and new processes administrative innovations.
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