Table of contents

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1. The initial situation
2. Challenge: Innovation in the age of digitalization
3. The approach and solution
4. The role of Invenum in finding disruptive approaches
5. Result, summary and outlook

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1. the initial situation

The financial services industry is in a constant state of flux, driven by technological innovations and emerging fintechs. Traditional financial services providers face the challenge of adopting innovative approaches to stay ahead of the competition. A BCG article , "Digital Transformation in Finance," highlights the urgency of this development.

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2. challenge: innovation in the age of digitalization

The need to take the next step toward the future is becoming increasingly clear due to the rapid pace of technological development and the pressure it is putting on financial service providers. In its article "The Future of Finance", the Harvard Business Review emphasizes the importance of being proactive and implementing innovative solutions.

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3. the approach and solution

Invenum's AI engine and technology scouting provide a strategic advantage to keep financial service providers ahead of disruptive technologies. This is also highlighted in "Tech Innovations in Finance, " an article by PWC. The three main advantages highlighted on page 2 of the PDF provided are:

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• Driving innovation within the financial services organization: Invenum identifies new areas of innovation and technology for financial services that lead to new products and processes and enable sustainable, profitable growth.

• Scouting for emerging investment opportunities: Invenum identifies emerging investment opportunities before they are recognized by others, providing a competitive advantage.

• Enterprise valuation for investment portfolio decisions: Invenum Analytics ensures that companies have the right development roadmap to anticipate the future by looking not only at past financial data and future projections, but also at innovative capabilities.

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Caption: AI technologies are revolutionizing the financial world.

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If you are a decision-maker in a financial company with a high need for innovation, please feel free to arrange a consultation with our innovation consultants.

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4. the role of Invenum in finding disruptive approaches

Invenum's AI engine continuously analyzes the market and identifies technology trends, while technology scouting provides access to a network of innovators. Accenture highlights the importance of such approaches in their article "The Role of AI in Financial Services." An example of the successful application of these approaches is the collaboration with Alpora, where innovative solutions were developed to identify disruptive solutions in the finance sector.

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Caption: Targeted scouting of technology trends.

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5. result, summary and outlook

Working with Invenum enables financial services providers to be better prepared to meet current challenges and proactively respond to future technologies. Deloitte, in their article "Financial Services and the Future", emphasizes the importance of being proactive and prepared to meet tomorrow's challenges.

Would you like to be at the forefront of innovation with your finance company? Contact our innovation consultants for a customized consultation.

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Caption: Invenum's approach to technology discovery.