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Will state involvement in bank ownership stifle innovation at those groups that have taken bail-out money? As banks step back from serving the low end of the economy, which is perceived as too risky, will governments have to step in and offer basic financial
products to this sector of the economy?
I had an interesting discussion over breakfast at a roundtable organised by Logica yesterday, and these were some of the questions and themes that came up.
On the first point, the consensus was that business strategies at "kite marked" banks will be affected, but there could still be innovation within the new constraints. Even still, a divide is likely to emerge between newly government backed and independent
banks in Europe.
On the latter point, it's a possibility - but one that will be determined by political considerations.
Some other predictions for 2009:
Thanks to Jerry Norton, Simon Bailey, Peter Guldentops and the rest of the Logica team, TowerGroup's Bob McDowall, outgoing EPC chair Stewart Mackinnon and my fellow journos for a lively discussion.
Digital product delivery
News Corp Australia
16 Feb 2007
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.