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 shared this perspective at a panel discussion in New York on the state of disruption in financial services, hosted by Rise, Barclays’ community for open innovation. Clayton’s theories and strategies have been utilised by some of the world’s most notable brands to build their businesses, and both Forbes and The Economist have rated Clayton as one of the most influential thinkers of our time.
Following the event, Professor Christensen sat down with Arian Lewis, Head of Open Innovation at Barclays, to film a video summary of important insights he’s gained over 25 years of work in the field of disruptive innovation, including:
- The meaning of “disruption” and how it is playing out in the financial services industry today (02:00)
- How modularisation of bank services can help incumbents to keep pace with innovative challengers (3:02)
- Why disruption from within is so challenging for established financial services companies (09:50)
- How accelerator programs can succeed in helping their corporate sponsors to innovate (12:09)
- Why the financial services c-suite needs to learn a new language of success metrics to understand the true value of innovation (14:08)
Rise is Barclays’ community for open innovation. Designed to help shape the future of financial services, Rise provides a platform through which start ups and corporates can connect to co-create and scale technologies within Barclays and the wider financial services industry.
Rise provides a community, facilities and events like panels and hackathons that can enable their growth and fast-track progress. Its current locations in London, Manchester, New York and Cape Town serve as headquarters for the Barclays Accelerators, which are intensive 13-week programmes designed to provide cutting-edge resources, mentoring and development to innovative FinTech start ups. Visit www.thinkrise.com or email firstname.lastname@example.org for more information about Rise facilities, events and programming.