Private Banking innovation

I’ve essentially seen Clayton Christensen (“The Innovator’s Dilemma“) quoted in the context of the high-tech industry so it was refreshing to read about him in a post about innovation in wealth management. Alex Osterwalder suggests a few questions to ask yourself if you intend to identify “the next Skype of Private Banking”:

  • What are the unfulfilled needs and niche markets?
  • Which innovations (products & services, business models, technology, processes) are perceived as substandard?
  • Which disruptive innovations have already conquered a niche market and are expanding customer numbers?
  • Is any disruptive innovation already changing the incumbents’ market?

What do you think?

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