Innovation Readiness
The Innovation Readiness Playbook series, a PYMNTS and i2c Inc. collaboration, gauges where banks are on the road to becoming innovators. The Building The Technological Foundation For Innovation edition analyzes survey results from executives at 200 FIs to explore how core payment processing and IT infrastructure systems affect innovation performance and strategy.
Inside the September report:
- 19.7 percent: share of FIs that lack effective core processing and IT systems
- 12.5 percent: portion of bottom-performing FIs with both effective IT and core systems
- 36.8 percent: share of FIs lacking effective core processing and IT systems that view inflexible technology as an impediment

Innovation Readiness – The Evolving Innovation Priorities Of FIs Edition
Inside the Playbook
Innovation Readiness Playbook- 57 percent of FIs plan to focus on payment technology over the next three years.
- 80 percent of top-performing FIs will focus on data analytics.
- 62.5 percent of bottom-performing FIs will concentrate on user experience.
Innovation Readiness Playbook – Leveling The Playing Field For Different-Sized FIs Edition
Inside the July Edition
Innovation Readiness Playbook - Leveling The Playing Field For Different-Sized Fish- 40.4 percent: Portion of small FIs that sought to be first to market with new products and features in 2018
- 45.7 percent: Share of mid-sized FIs’ budgets devoted to innovation in Q4 2018
- 68 percent: Portion of large FIs that will focus on payment technology over the next three years
Innovation Readiness Playbook – Corporate Credit Products Edition
Inside the May Edition
Innovation Readiness Playbook - Corporate Credit Product Edition- 86.7 percent: Share of top performing FIs that are investing in corporate credit product innovation
- 53.6 percent: Share of FIs that prefer to observe market trends before quickly unveiling new corporate credit products
- 80.2 percent: Portion of FIs that will focus on offering a mix of new corporate credit products and features
Innovation Readiness Index – 2019
INSIDE THE 2019 EDITION
INNOVATION READINESS Study- 35.3: Average index score among FIs in 2018
- 45.5 percent: Share of FIs that rolled out innovations after observing market trends
- 25.4 percent: Portion of FIs that said budgetary restrictions hindered innovations
INNOVATION READINESS Study
INSIDE THE INAUGURAL INDEX
INNOVATION READINESS Study- 36 percent of FIs said their existing IT infrastructure made payments innovation hard or very hard
- 68.0 percent of FIs with less than $500 million in assets say they are well suited for innovation
- 63.0 percent of FIs identify meeting a customer need as the main driver for innovation
- 83.6 percent of FIs run core processing systems without a sandbox for development innovation
- 39.7 percent of top innovators use sandbox-to-scale functionality