Fintech Insider Podcast by 11:FS
767. How do you innovate in a highly regulated industry?
Aug 4, 2023
42:45
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Quick takeaways
- Fostering a culture of innovation is crucial for banks operating in a heavily regulated industry.
- Standard Chartered Bank aims to strike a balance between customization and standardization to provide tailored services to customers while leveraging global scale and infrastructure.
Deep dives
The challenges of operating as a highly regulated bank in the digital age
Operating as a highly regulated bank in the digital age poses challenges that require innovative solutions. Bill Winters, the CEO of Standard Chartered Bank, discusses the rise of digital channels and the challenges that come with it. He emphasizes the importance of fostering a culture of innovation in a heavily regulated banking space to differentiate the bank's capabilities and meet customer needs.
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