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Can investment bankers be social innovators? 100 of our newly promoted Banking Associates from around the world gathered in New York for our inaugural Social Innovation Lab to prove they were up to the challenge during a half-day workshop at Rise, Barclays’ open innovation co-working space on 23rd street in Manhattan.
Social Innovation Lab video transcript (PDF, 61KB)
We are a facilitator. For example, we touch those that need capital and those who provide capital and connect the two. And through that connection we can do a lot to further the social good, while we’re doing it.Sandeep Patel, Managing Director, Banking, Consumer and Retail Group
By training top young Banking talent to identify and commercialise socially-conscious market solutions, we are preparing them to better serve our clients, who face increasing demand for industry insights and products that address them through technology. “We feel that social innovation skills are a vitally important aspect of development for this next generation of investment bankers and are proud to be forerunners in engaging in this unique kind of training,” said Ellen Gray, Program Manager for Banking Graduate Development.
Today, a wide range of our businesses are actively involved in delivering socially innovative solutions across product groups, geographies and industry sectors, and Barclays is investing in the best of those proposals.
Rise is Barclays’ open innovation platform. Designed to help shape the future of financial services, Rise provides a community and resources through which start ups and corporates can connect to co-create and scale technologies within Barclays and the wider financial services industry. Visit www.thinkrise.com or email riseteam@barclays.com for more information.
The financial services c-suite needs to embrace technology innovation, and learn its language if they want to succeed, according to Harvard Business School professor and New York Times’ bestselling author Clayton Christensen. Professor Christensen explains why the state of disruption in financial services could force them to adapt in this interview with Arian Lewis, Barclays' Head of Open Innovation.
Can machines ever truly surpass humans’ cognitive superiority in the analysis of qualitative data? To explore this question, Barclays’ open innovation arm, Rise, hosted a panel discussion at its New York headquarters.