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Last updated on 2024年6月30日

Here's how you can foster creativity in the banking sector through networking events.

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In the banking sector, creativity is not just a buzzword; it's a critical component for innovation and staying competitive. You might think of banking as a rigid world of numbers and policies, but there's a growing need for fresh ideas and novel approaches to challenges. Networking events can be a powerful catalyst for igniting creativity within this traditional industry. By bringing together diverse minds from various backgrounds, these events provide a fertile ground for the cross-pollination of ideas and the birth of innovative solutions. So, let's dive into how you can leverage networking to enhance creativity in banking.

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Sammy Ho

Managing Director at Plus Concepts and FIX Trading Community
Madan Chawla CA CFA FRM P1

Immediate Joiner | Curious | Learning Machine | CA | CFA | FRM P2 Candidate | Agile | Risk Management | Market Risk |…

1 Networking 101

Networking is about building relationships that can lead to new insights and opportunities. In banking, attending industry events, seminars, and informal meet-ups can expose you to different perspectives that challenge the status quo. When you network, it's important to actively engage with others, sharing your experiences and listening to theirs. This exchange can spark creative solutions to common banking issues, like improving customer experience or streamlining operations. Remember, the goal is to create a collaborative environment where ideas can flourish.

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Madan Chawla CA CFA FRM P1

Immediate Joiner | Curious | Learning Machine | CA | CFA | FRM P2 Candidate | Agile | Risk Management | Market Risk | FRTB | Basel Reg | RegTech | FinTech | Swimmer | Cyclist | Runner
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A Multifaceted approach is proposed. This strategy encompasses themed gatherings, speed networking sessions, hackathons, and mentorship programs, complemented by virtual platforms for continuous engagement. It also introduces cross-industry meetups, gamification elements, innovation labs, reverse mentoring, and AI-powered networking. The centerpiece of this initiative is the "FinTech Fusion Festival," an annual event that reimagines traditional networking. This festival combines interactive exhibits, live problem-solving sessions, an idea marketplace, virtual reality experiences, data visualization art, and future banking simulations.

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2 Idea Exchange

At networking events, the exchange of ideas is the currency of innovation. You should aim to participate in discussions that not only reflect on current banking practices but also explore the realm of possibilities. Encourage others to share their "what if" scenarios and think outside the proverbial box. This can lead to brainstorming sessions that might uncover new ways to approach financial products, risk management, or even marketing strategies. The more diverse the group, the richer the conversation and the greater the potential for groundbreaking ideas.

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Sammy Ho

Managing Director at Plus Concepts and FIX Trading Community
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The most crucial aspect is the follow-up actions taken after a networking event. Attending a networking event is not merely about acquiring new contacts, but rather about exploring ways to extract value from those connections. This requires a thoughtful evaluation process after the event to identify potential opportunities. Networking is an ongoing process, not a one-time event. Continue to engage with your new contacts over time, share updates, and look for opportunities to collaborate or support each other's initiatives.

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Madan Chawla CA CFA FRM P1

Immediate Joiner | Curious | Learning Machine | CA | CFA | FRM P2 Candidate | Agile | Risk Management | Market Risk | FRTB | Basel Reg | RegTech | FinTech | Swimmer | Cyclist | Runner
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Blue Sky Sessions:Allocate time for exploring radical ideas without constraints Cross-Functional Idea Swaps:Pair professionals from different banking areas Reverse Problem-Solving Workshops Idea Wall:Space for attendees to post & build upon each other's ideas Fictional Futures Scenarios:Potential banking landscapes in imagined future worlds Disruptive Debates:Host structured discussions challenging established banking norms Idea Auctions:To bid on & develop promising concepts Innovation Circles:Small, diverse groups tasked with solving specific industry challenges Failure Forums:Share lessons from unsuccessful projects Creative Solution:"FinTech Reality Show" format -diverse teams tackle real-world challenges fostering creativity

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3 Collaborative Spirit

Fostering a collaborative spirit is essential during networking events. You should seek to create partnerships and alliances that can work on projects or solve problems together. In the banking sector, collaboration might mean joining forces with fintech startups, regulatory experts, or even customers to co-create solutions. By doing so, you tap into a wider set of skills and experiences, which can lead to more creative and effective outcomes. Collaboration is the key to turning networking connections into real-world innovations.

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4 Skill Sharing

Skill sharing is an often overlooked aspect of networking that can greatly enhance creativity. You have unique skills and so does everyone else at the event. By offering to share your expertise, you can help others overcome challenges while also learning from their strengths. This could involve workshops on new banking software, discussions on emerging financial regulations, or even mentorship programs. When skills are shared, everyone's capacity for creative thinking is expanded.

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5 Feedback Loops

Creating feedback loops within your network is crucial for refining creative ideas. After networking events, keep the conversation going by reaching out for feedback on the ideas that were generated. This continuous dialogue helps to validate concepts and identify any potential flaws or areas for improvement. It's also an opportunity to see how an idea evolves over time and adapts to new information or changing market conditions. Effective feedback loops can transform a good idea into a great one.

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6 Future Focus

Lastly, keep your networking with a future focus. The banking industry is rapidly evolving due to technological advancements and changing consumer behaviors. Use networking events to discuss and predict future trends, and how you can prepare for them today. This forward-thinking approach encourages you to think creatively about long-term strategies and innovations that will shape the future of banking. By looking ahead, you can identify new opportunities for growth and stay ahead of the curve.

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Sammy Ho

Managing Director at Plus Concepts and FIX Trading Community
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Networking events are very essential for idea exchanges and get to understand innovative ideas in this fintech era. Many relationships between startups and financial institutions are often established via these events instead of formal pitching.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Here's how you can foster creativity in the banking sector through networking events.

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1 Networking 101

2 Idea Exchange

3 Collaborative Spirit

4 Skill Sharing

5 Feedback Loops

6 Future Focus

7 Here’s what else to consider

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