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The next wave of supply-chain innovation will be driven by startups that help incumbents win

TechCrunch

The shift to collaborative robots means the rise of robotics as a service. For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. The recurring second wave of innovation.

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How to Build a Team That Can Navigate Your Business Through Difficult Times

Entrepreneurs' Organization

When conducting interviews, be sure to ask for specific examples of each candidate’s ability to act decisively; look for a quick, strategic mind that can develop and implement innovative solutions. Meanwhile, it’s incumbent on you as the CEO to create an environment that encourages action-oriented behavior. Collaborative.

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Why your company requires both brains and brawn to succeed

Entrepreneurs' Organization

Others may call this dichotomy digital versus physical, the disruptor mindset versus the incumbent mindset, start-up world versus Fortune 500, or tech culture versus industrial culture. Amid the insistent drumbeat of digital transformation, those traditional, old-fashioned competencies are easily overlooked and underappreciated.

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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy. He believes in the resilience and innovation that Hendry and his team has shown to further accelerate digitalization in the financial sector.

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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

Mort appreciates that TrustLayer is tackling the problem not by becoming the insurance broker, but by working with the incumbents as a software solution. Mort acknowledges that much of the innovation in fintech has historically focused on the banking industry while the insurance industry has been slower to innovate.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

Teampay will collaborate with Mastercard “deeper” going forward, Hoag says, to “mutually explore opportunities” that “enhance product capabilities at scale.” “With education and innovation, we look forward to bringing best-in-class ‘consumerized’ tools to the finance department.”