Bank Innovation Readiness

Innovation Readiness Playbook – May 2019

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 – March 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
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