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INNOVATION CONFERENCE 2017
BUILDING AN INNOVATION ORGANIZATION: PRACTICAL LESSONSDarren Goetz, Innovation Lead, Wells Fargo
Vasilios Roussos, Managing Director, DCU FintechInnovation Center
Rob Mills, CTO, Rivermark Community Credit Union
Sean Loosli, Sr. Product Manger, NCR
Please use the Innovation ConferenceEvent App to check-in to this session #S668NCR Innovation Conference 2017: Confidential
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INNOVATION @ NCR
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Design for Delight (Design Thinking)
Deep Customer Empathy
Go Broad to Go Narrow
Rapid Experimentation with Customers
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The “T” – NCR Innovation Strategy
• Dedicated team to invent
new experiences
• Create the next
generation of
experiences
Focused Product
Creation
• Employee-driven
innovation culture
change through
organization
• Everybody innovates in
their day to day
Broad Culture Change
DI
Labs
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Focused product creation: DI Labs
Purposely separated from day
to day – not beholden to what
exists
Rotation of engineers for fresh
perspectives
Create new, differentiated
experiences
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Broad Culture Change:
Innovation Catalysts
Grassroots change from
employees in all functions
100% of the time
Use D4D in our work
Influence teams to use
D4D
10% of the time
Help, coach, facilitate
other teams
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WELLS FARGO
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Long history of innovation and
pushing new technology
Large innovation ecosystem
across the company
Strong culture of innovation at Wells Fargo
8NCR Innovation Conference 2017: Confidential
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Wells Fargo and NCR innovation partnership
9NCR Innovation Conference 2017: Confidential
Collaborative development has been important to WF & NCR
Created a co-located team focused on the future of branch &
ATM
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Broad range of subject matter
experts
Design Thinking is foundational to
our process
Co-located in open, inspirational,
and configurable space.
How to set up the team up for success
10NCR Innovation Conference 2017: Confidential
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Utilize loosely-structured process to provide
guard rails for team
Present updates and demos for stakeholder and
executive feedback
Leveraging process for structured innovation
11NCR Innovation Conference 2017: Confidential
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During Design Thinking ‘refresher’ with NCR, worked on rapid prototypes to
generate ideas, then presented to users for same-day feedback
We have the freedom to work differently than we are used to
When we get stuck, we return to Design Thinking basics
12NCR Innovation Conference 2017: Confidential
Prototype TestProblem
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Customers and users are the focus, not the technology
Communication is key; up, down, left, right…every direction
Freedom to fail, and reminder to fail
Light on the process management, but guard rails are needed
Key learnings for innovation success
13NCR Innovation Conference 2017: Confidential
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DCU
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AN EPICENTER WHERE FINTECH LEADERSCOLLIDE & COLLABORATE
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HOW DID WE GET HERE?
Adopt Early-stage Tech
Promote Internal Innovation
Partner with Universities
The Thesis:
Catalyze FinTech Innovation
Connect –> Learn –> Pilot
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THE SPACE & PROGRAM
17NCR Innovation Conference 2017: Confidential
Programs Cohort: 8-10 startups every 6
months (18 total)
Partner: FinTech Sandbox (virtual accelerator)
Pilots: Entrepreneur-in-Residence, Mentor-in-Residence
Space & Staff 15 desks + 16 seats + 3 conference
rooms
1 Exec. (20% time) + 1 FT Director
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LAST 12 MONTHS
5 Members raised $7+ mm since joining
1 concept-stage startup shutdown
1 ICO - $5.8mm in 58 seconds
1900+ member community list
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4 DCU ENGAGEMENTS SO FAR (3 in LTM)
First paid POC with DCU
Pivoted product to serve banks
First POC with DCU
Center intro’d 2nd pilot customer and 10+ qualified leads
Won Salesforce competition
Launched platform with DCU
Facilitated $100m+ in transactions and pre-approvals
Saved consumers over $3m in interest
TechStars
First POC with DCU
First 2 customers intro’d through Center
Y combinator
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Successes:
POC’s and defining success metrics
Ecosystem development and leadership
Connections
Executive involvement in POCs
Learnings
Challenges:
Engaging more execs with Center
Engaging with startups and taking risks
Time to engage and launch pilots
Understanding resource needs of startups
Do they know the right ask?
A JOURNEY OF DISCOVERY AND A ROAD OF OPPORTUNITY
20NCR Innovation Conference 2017: Confidential
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LEARNING, GIVING BACK, AND INNOVATING
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RIVERMARKCREDIT UNION
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What is our “Why”?
Think of the member!
Fail fast!
Rivermark’s Early Innovations
24NCR Innovation Conference 2017: Confidential
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25NCR Innovation Conference 2017: Confidential
INNOVATION: PHYSICAL CHANNEL
Tech Bar
ITM services
Privacy
rooms
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26NCR Innovation Conference 2017: Confidential
INNOVATION: DIGITAL CHANNEL
Online
payments
Online/mobil
e chat
Working
team model
New
member
process
Online/mobil
e banking
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ITM, CYO frameworks influenced return to DI/NCR
OL Payments, new member integration
34 CYO implementations
Participation in Innovation events
Idea Tank – attendee, then contestant
Decide to go broader, deeper
Early DI/NCR collaboration
27NCR Innovation Conference 2017: Confidential
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Pilot program with Executives, leaders
Design Thinking training – methods and process
29NCR Innovation Conference 2017: Confidential
Enabling “Innovation Champions”
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Training
Train-the-trainer
1/2 – day workshops
Tools & Process
Ezassi
Idea review
Network
Peers
Partners & Vendors
Carrying it forward to all of Rivermark
30NCR Innovation Conference 2017: Confidential
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You can earn 10 points toward the
Innovation Game right now!
Please go to “Schedule” in the
mobile app, find this session, and
take a short survey to provide
feedback.
Surveys will remain open for 2
hours.
Check in code is S668
31NCR Innovation Conference 2017: Confidential
Please give us your feedback!
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INNOVATION CONFERENCE 2017
THANK YOUDarren Goetz, Innovation Lead, Wells Fargo
Vasilios Roussos, Managing Director, DCU FintechInnovation Center
Rob Mills, CTO, Rivermark
Sean Loosli, Sr. Product Manger, NCR
NCR Innovation Conference 2017: Confidential