Just because you’re a financial services business and probably more on the risk-averse side doesn’t mean you can’t be a forward-thinker says Rohit.
“Regulation doesn’t give anyone a licence to say, we don’t want to be innovative, or we should always be second because at the end of the day, in every industry, there is always an early mover and there are always late movers.”
The question is, how fast do you want to go?
“The real challenge for any organisation is to say, how fast do we want or need to evolve and what level of disruption are we comfortable with? And that comes down to the leadership of that particular organisation. How forward-thinking are they and, honestly, how much do they care about how competitive that company is in ten years?”
So what’s holding you back?
“Our whole incentive system is set up for short-term results, and that mindset holds companies back from long-term visionary success. It's why companies like Amazon win - they have a leadership that can afford to say, how is this going to play out ten years from now and a long-term mindset that other companies don't."