ANNE-LAURE MENTION

Dr. Anne-Laure Mention is leading a research unit focusing on innovation economics and management within the Public Research Centre Henri Tudor (Luxembourg). She is actively involved in research projects, mainly focusing on innovation and performance measurement and management in the financial and business to business services industries. Her research interests mainly concentrate on open and collaborative innovation, intellectual capital measurement and management, innovation and technology management. She has been a visiting researcher at Mc Gill University, Canada and Ferrara University, Italy. She received an IBM Faculty award for the project entitled “Towards accrued transparency of operations in the fund industry” in 2011 focusing on organizational innovation. She is also a founding member of WICI, is the Deputy Head of the ISPIM Advisory Board Member and is a member of several scientific committees.

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Financial Innovation and its Undeniable Role in Society

Innovation in the area of financial services has undergone increased criticism since the start of the difficulties in international banking. This has fueled a general negative perception of innovation in financial services. In this article Dr. Anne-Laure Mention argues that innovation is not something to be feared as such, actually it is a driver of competitiveness and that the full benefits for society might not yet be visible.

Innovation for Financial Services

The concept of “financial innovation” can be defined as making and promoting new financial products and services, developing new processes to facilitate financial activities, to interact with customers and to design new structures for financial institutions. This article takes a look at the needs for innovation in the financial sector and some basic requirements.