In today’s rapidly changing world, a successful bank’s business strategy must include responsible innovation to provide new or improved financial products, services, and processes to benefit its customers and community. This video provides an overview of the role that bank directors play in fostering innovation in their bank in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.
What You’ll Learn
After successfully completing the course, you will be able to:
- Define a bank director’s role in fostering responsible innovation
- Recognize that innovation and change must be in alignment with the bank’s risk tolerance
- Describe what steps a bank director can take to provide appropriate oversight for innovation at the bank