Business innovation refers to the process of developing and implementing new ideas, products, services, or practices that improve the efficiency, effectiveness, or competitiveness of a business. It encompasses a wide range of activities, including introducing new technologies, streamlining operations, enhancing customer experiences, or creating novel business models. The goal of business innovation is to create value for customers, increase market share, and drive growth by adapting to changing market conditions and consumer demands. Innovation can occur in various forms, such as product innovation (developing new products), process innovation (improving operational processes), and business model innovation (changing how a company delivers value). By embracing business innovation, organizations can stay ahead of competitors and meet the evolving needs of their customers.
Amit Parekh holds a significant leadership role in payments and fintech innovation at Fiserv. With over 22 years of experience, he specializes in credit risk and payment systems across major…
**The Fintech Breakthrough** Nu Holdings, often referred to as NU, is making significant strides in the financial technology sector, particularly in Latin America. This innovative digital bank is reshaping how…