Banks and insurers might have retreated from venture capital in developed economies for financial reasons but this allows strategic goals to be set.
Financial services companies make up a fifth of the Fortune 500 list of largest and most profitable companies despite, or perhaps because, money is the ultimate commodity.
Understanding, therefore, how the large banks and insurers, as well as other types of financial services firms, such as gambling groups, credit card companies and fund managers, operate is fundamental to better insights into innovation and corporate venturing.
This month’s main feature has taken a slightly narrower view of financial services…
