Making Innovation Matter

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
6 February 2015
Craig Weber and Michael Fitzgerald

And Identifying Customers Who Care


Innovation clearly matters to financial services consumers – especially to those who are active and “highly digital.” Knowing which groups to target with innovation increases the success of these efforts.

The latest report from Celent looks at how innovation capabilities impact consumer views of financial institutions.

“Consumers often say they are open to technological change and value innovation,” says senior analyst Mike Fitzgerald, coauthor of the report. “But as digital tools have matured, it has become possible to focus on what consumers do, rather than what they say.”

“We believe that segmentation based on consumer behaviors, or what we call ‘Digital Propensity,’ will allow financial institutions to apply scarce innovation resources to greater effect,” says Craig Weber, CEO of Celent and coauthor of the report.

The report defines several segmentation characteristics and highlights how focusing on those characteristics could make innovation efforts more effective.

The report is based on a survey of over 800 consumers in North America and explores their use of digital technology, the frequency with which they use financial services, and the extent to which innovation reputation influences their choice of providers.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

If you are not a subscriber, register now or contact us to find out more about our subscription options.

Insight details

Life & Health Insurance, Property & Casualty Insurance, Retail Banking
Subscription(s) required to access this Insight:
Banking, >>Retail & Business Banking, Insurance, >>Life/Annuities Insurance, >>Property / Casualty Insurance
Insight Format
Reports, Webinars
Geographic Focus
North America