59 | ⚠️ The Brutal Truth About Corporate Innovation: Why Big Banks Can’t Move Fast Enough 🏦 with Jazz Samra (Wells Fargo)

Jazz Samra, Head of Innovation and Strategic Partnerships at Wells Fargo, is an expert in fostering collaboration with tech companies and venture capital firms.In this episode of Good Revenue, host Neeta Bidwai and Jazz cover:• Key global trends shaping the financial services sector• Opportunities for innovation in collective banking and generational wealth transfer• Wells Fargo's five principles for driving innovation• The balance between centralized and decentralized innovation approaches• The importance of customer focus and product-led innovation• The concept of the 'middle path' to innovation, blending building, buying, and co-creating• Strategies for balancing innovation with regulatory requirements• Metrics for measuring innovation success in large organizations• The role of diversity, equity, and inclusion in tech innovation• Advice for startups navigating the current economic climate• Personal insights and career reflections from JazzJazz's extensive experience offers valuable lessons for business leaders looking to drive sustainable innovation and growth in the financial services sector. Tune in to gain insights on how to stay competitive and innovative in a rapidly evolving landscape._Where to find Jazz:https://www.linkedin.com/in/jazzsamra/ Where to find Neeta:https://www.linkedin.com/in/neetabidwai/Where to find Good Revenue:https://goodrevenue.io/goodrevenue_Highlights:00:00 Introduction and Guest Welcome00:47 Global Trends in Financial Services02:39 Innovation at Wells Fargo05:53 The Middle Path to Innovation07:06 Operationalizing Innovation14:00 Measuring Innovation Success18:38 Fintech Partnerships and External Innovation19:35 Diversity, Equity, and Inclusion in Tech21:34 Advice for Startups and Entrepreneurs23:24 Personal Insights and Career Reflections26:42 Conclusion and Final Thoughts_Referenced:• Harvard Business Review on the Middle Path to Innovation: https://hbr.org/2020/04/the-middle-path-to-innovation • Jim Collins' Good to Great: https://www.jimcollins.com/books.html • Wells Fargo: https://www.wellsfargo.com/• Innovator’s Dilemma: https://www.hbs.edu/faculty/Pages/item.aspx?num=46• Innovator’s Dilemma: https://bookshop.org/p/books/the-innovator-s-dilemma-when-new-technologies-cause-great-firms-to-fail-clayton-m-christensen/15277786?ean=9781633691780&gad_source=1&gclid=Cj0KCQiAkJO8BhCGARIsAMkswyh0eazp1R1LAAb-1nxz_v0V7DgCJ_fRwE_rUKZLgUjgAOYkq4mA2tQaArVxEALw_wcBFOLLOW GOOD REVENUE ON YOUTUBE! Or wherever you get your podcasts:YouTube: https://www.youtube.com/channel/UCHrhuWbpYnUwrR75H2Ip4yQ Spotify: https://open.spotify.com/show/44me6PABSQ0k0GfphM70auApple Podcast: https://podcasts.apple.com/us/podcast/good-revenue/id1707461473 Web: https://goodrevenue.io/ Hosted on Acast. See acast.com/privacy for more information.