Financial Innovation Study

The whitepaper examines how innovation is critical for financial services development in China. An evaluation of successful innovative strategies employed by major global financial institutions, including BarCap, JPMorgan, Citigroup, Deutsche Bank and Merrill Lynch, served to support this argument. Examples of significant innovation initiatives led by Chinese Financial Institutions were also featured.

Compared with other industries, innovation in financial services faces more challenges. Yet, there is still significant room for financial innovation to grow.

The whitepaper explains how to build an innovation model in a systematic manner and provides further insights and examples of how businesses embrace an innovation culture. Central to the approach is a 6 pillar framework of an ‘Innovation Factory Model’, which acts as a practical guideline in innovation development. The model serves to improve firms’ innovation processes on strategic, organizational, developmental, communication and cultural levels.