Claude Guay, General Manager of Global Business Services at IBM speaks to the importance of leveraging of the ecosystem to advance innovation in the Canadian market. He highlights 3 great examples of Fintechs: WealthSimple, eSignLive, and Sensibill who have been driving the Canadian Fintech market with Wealthsimple reaching $1B in assets under management this year.
How do we work with the ecosystem? Claude introduces the importance of launching an innovation garage within an organization. This model introduces a collaborative, scalable and rapid engagement model to develop, test, and deploy transformation solutions enabled by emerging technologies. This model can serve as a sandbox for innovation, can apply rigor, and bring partners of the ecosystem together. Imagine an innovation garage with regulators, Fintechs, and incumbents working together to address challenges in each realm. A successful garage employs the mentality of learning fast and continuously improving in a safe environment. A great example is KraftHeinz which has launched a great innovation garage and can be used as an example to set one up for your organization.
How to do this? A Deloitte Greenhouse session will help kick the tires of innovation within any organization and help you get mobilized for the rapidly evolving industry.
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