Does Your Bank Need an Innovation Lab?

With fintech startups threatening the traditional banking industry, some financial institutions are refusing to play the role of helpless victim by launching their own innovation hubs. However, most of these idea labs aren't found in the U.S. Rather than resign themselves to fate and surrender market share as they are increasingly marginalized by fintech startups, many of the world's leading banks are taking the lead with a proactive strategy: launching their own internal innovation labs. These aren't just hollow corporate initiatives designed to generate some PR buzz. And they go beyond the typical R&D department you might find tucked away in some corner office. They are bona fide programs, with their own slick facilities backed by a real investment -- both money and manpower.