AS HENRY FORD SAID, “IF YOU ALWAYS DO WHAT YOU’VE ALWAYS DONE, YOU’LL ALWAYS GET WHAT YOU’VE ALWAYS GOT”.
Innovation and collaboration have been a hot topic in today’s business community in recent years, particularly within Financial Services. Technology has had a profound impact on all industries and it has enabled the rate of innovation to increase dramatically. It comes as no surprise that according to PwC’s Global Top 100 Company report of 2017, 20% of the global top 100 companies by market capitalization are pure technology providers, not including businesses such Amazon and Alibaba that provide their services solely through technology. By nature, innovators are pathfinders and pioneers, but more than ever they require commitment and support from the industries they serve and an environment that enables partnership and competition. Ecosystem economics has never been so important.