Banks in the digital era...Do you need an innovation hub?

By Sergio Navajas

Banks are no strangers to innovation, but are they keeping up with the times? What strategies are banks using to deal with rapid innovation in the financial industry? These topics were central to a panel on Innovation Hubs and Sandboxes at Columbia University’s 6th Annual Fintech, DFS (Digital Financial Services) & Payments Summit which took place in early June, 2017.[1] The panel had participation from Citi Fintech, Open Innovation at Barclays Bank, Deutsche Bank’s New York Innovation Lab, the Center for Financial Services Innovation (CFSI), the UK’s Financial Conduct Authority, and KPMG.

It's all about mergers in Jamaica and the Caribbean

By Elena Heredero Rodriguez

A few weeks ago, I was in Jamaica to visit the NEO Jamaica alliance and to speak at the 3rd International Conference on Technical Vocational Education and Training (TVET) in the Caribbean about public-private partnerships. It is always nice to see progress firsthand and to meet with our partners after a year since the NEO alliance was launched.

Improving job opportunities for youth in Valparaiso

By Francisco Larra Bujalance

Chile has been one of the faster growing economies in the region during the last decade. However, like the rest of the Latin American and the Caribbean region, 50 percent of its businesses are struggling to hire qualified workers, especially for technical and operative positions. In parallel, 4.2 million youth, especially those in more disadvantaged situations, have unlocked potential and risk being excluded from economic grow.

Delivering profit and purpose through corporate venturing

By Norah Sullivan

Companies are holding onto significant amounts of cash, cash equivalents and short-term investments, approximately $19 trillion dollars’ worth. This eye-popping number comes from a recent analysis of the balance sheets of publicly traded operating companies generating over $100 million in annual profits, using S&P Capital IQ data. US publicly traded companies lead the way with over $5 trillion in their treasure chests, followed by Japan with $4 trillion and China with $2.2 trillion. In Latin America, Brazilian firms have over $350 billion available on their balance sheet.

Corporate venturing: How to survive and thrive in the 21st century

By FOMIN

Sixty-one. That is how many companies on the Fortune 500 list were able to hold their spots from 1955 to 2015.  A full 88% fell off during this 60-year period. What caused this corporate extinction?  Well, one way to think about this question is to look at those that held their place on this list.

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