The vast majority of financial institutions are increasing their investments in innovation, but legacy technology, lack of a defined innovation strategy and other obstacles aren't making innovation easy, according to a new study.
Innovation investment
The research, which surveyed credit unions, large banks, community banks and other financial institutions around the world, found that the proportion increasing innovation investment dropped from 84% in 2015 to 78% in 2016 and increased slightly to 79% in 2017.
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