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Digital Reinvention in Retail Banking: The Action Plan
In this brief video, experts discuss what executives can do to support the innovation banks will need to remain competitive.
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Bain Partner Dirk Vater asks what bank executives can do to reinvent their business models and encourage the innovation necessary to remain competitive. Anthemis Group CEO Nadeem Shaikh shares a "mindset action plan," wherein bank executives make small bets on many experiments to see what gains traction, maintain long-term perspective and encourage a culture of innovation. Richard Fleming, another Bain partner, shares promising examples of this mindset at work in companies within financial services and beyond.
Read the Bain Brief: Further, faster: Mastering digital reinvention in retail banking
First published in Μάρτιος 2015