Open Innovation Ecosystems

Sharing information and knowledge, co-innovating with clients, communities, and competitors, and collaborating with diverse players is the new reality in the digital world. All these characteristics converge with the current disruptive trends like cognitive intelligence, robo advisors, crowdfunding, and blockchain. Leaders must focus on the entire client journey and at the same time cope with challenges such as the rise of emerging growth regions in Asia, demographic shifts, intergenerational wealth transfers and comply to increasing regulations.

The next step of creating and capturing value for sophisticated clients and businesses in the banking, wealth and asset management industry are platform business models within cross-sector ecosystems.