Innovation Readiness Playbook
The Innovation Readiness Playbook, in collaboration with payments and commerce solutions provider i2c Inc., gauges where banks are on the road to becoming innovators. The Top Payments Performer edition is designed to examine the elements separating the best innovators from those in the middle of the pack, including the top banks succeeding at innovation, why they outperform others and which attributes enable them to succeed. The findings in this Playbook are based on survey responses of 214 FIs in the U.S. (excluding the largest 25 banks), that were then scored from zero to 100 in terms of innovation readiness.
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INSIDE THE TOP PAYMENTS PERFORMER
Planning is crucial – 100 percent of Top Performers defined priorities for the next three years, and 80 percent focused on innovating features over that same time frame.
Money talks – 87 percent of top performers allocate more funding for payments innovation than any other area, and 73 percent allocated at least half their budget to innovation.
Existing infrastructure helps – 73 percent of top performers boasted current core systems that are well-suited for innovation, and 60 percent had existing IT infrastructure that makes innovation easy