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Fintechs have shown the path of digital innovations across payments, lending, wealth, insurance etc. As their business model is almost 100% focused on digital innovations (even if overall business may be pure digital or phy-gital), they are able to leverage
the innovations to create top line as well as bottomline (may be bleeding initially).
Legacy institutions like Banks, NBFCs, Wealth firms, on the other hand, find it extremely difficult to correlate digital innovations with real business.
Why legacy businesses find it difficult to derive value from digital?
22 May 2017
This post is from a series of posts in the group:
A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.