As part of NextBillion Financial Innovation‘s launch, we invited a number of top innovators and leaders to contribute their views on financial innovation – what’s driving it, where momentum is heading, and what obstacles remain. Today, Anurag Agrawal, CEO of Intellecap, lays out the core isssues involved in bringing low-cost financial products to customers...

The article applies the concept of incompetence by Polanyi (1962) and the concept of unintended consequences by Merton (1936) to explore the development of a radical financial innovation, securitisation. This innovation changed the context for all actors in the financial industry to such a degree that even the highest regarded experts repeatedly made prediction errors....

It is self-evident that financial innovation is a key player in the contemporary economy. However, its significant importance has largely been overlooked in innovation studies. Tags: research agenda, financial innovation ...

The internet did not grow by having established old media companies jumping at the fantastic new opportunities offered by the new medium. For a long time they resisted giving their customers the convenience of immediate online access to their products; they resisted letting their customers tinker with the format (the newspaper, the CD, the TV series) when all they wanted...