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Miscellany

The Four People Who Ruin Innovation

four-people

Innovation is fun. Except when these types are around. How many do you know?

The Hypemaster 

Hypemaster

The Hypemaster is, well… a master of hype. Everything they’re working on is amazing, and you must absolutely drop everything and check it out. Right now! “Hey we’re getting ready to launch Hypemaster.io, check it out and let me know what you think!”

I love meeting new people and seeing new ideas, even though I usually don’t have a lot of free time to look at a stranger’s project and give them a bunch of free advice. But I try to be helpful, so sometimes I do it, if the approach is right.

The Hypemaster doesn’t respect your time or your own commitments, and they really don’t even want your advice anyway. They just want you to promote their link on social media, or worse, ruin your friendships by introducing them to other people. Their project descriptions are stuffed with enough buzzwords to make Dilbert’s pointy headed boss jealous. “We are radically disrupting this vertical with a full stack digitized approach to the blockchain, with fully-configurable architecture and a lightweight contextualized interface”.

Natural Habitat: Startup Conferences, Conference Apps, Twitter DMs, LinkedIn InMails

 

The Innovation Snob

Innovation Snob

Nothing is cutting edge enough for the innovation snob. 3D Virtual Reality? Yawn. It’s been done already. Self-driving car? The Innovation Snobs claims to have been into them 10 years ago, but it’s too mainstream for them to bother with now. They think Elon Musk’s rockets are too similar to what NASA did in the 1960’s.

Continuous improvement and incremental innovation are an important part of keeping a company growing, but they are nothing but eye-rolling material for the Innovation Snob. Solving real problems that paying customers care about is the true heart of innovation, but the Innovation Snob only wants to see something they have never seen before. Preferably on a touchable hologram emanating from a smartphone that hasn’t been released yet.

They also think they are the only ones entitled to an opinion. Everyone else is a pundit, armchair quarterback or wannabe, they’re the real deal, damn it.

Natural Habitat: The Bar after the Conference, Finovate Twitter Feed, Facebook Comments.

 

The Disruption Denier

Disruption Denier

The Disruption Denier is the 180-degree polar opposite of the Hypemaster. NOTHING is impressive or impactful to them. All of the good ideas are already taken. Anyone with a new idea is simply a charlatan trying to separate you from your hard-earned money. They’ve been there, done it, got the T-shirt, and knew better the whole time. They also know far better than than you now that your new idea will never work. They’ve tried it before. Didn’t work then, won’t work now.

Disruption Deniers think they alone have figured out how the world really works, and that the current state of affairs is permanent and unchangeable. Worse, they sometimes are even convinced that some previous era was actually the ideal situation, and that most progress made since then is regrettable.

Sometimes this perspective comes from a comfortable perch built from doing something that did indeed work just fine in the past. Usually though, it really just comes from a dark and bitter place where they just don’t want to accept their own failures, so it makes them feel better to lash out at others, usually through drive-by assaults in the comments section.

Natural Habitat: Mid-Level Management, Golf Courses, LinkedIn Group Comments on Others’ Posts

 

The Chameleon

Chameleon

This person can be hard to spot. They might seem at first to be a Hypemaster, singing the praises of the hottest piece of technology, especially if it isn’t exactly brand new. At other times, they may appear to be a Disruption Denier, clucking at some previous market darling’s fall from grace. They gyrate wildly from pro to con, and from fanatic to critic.

They were the first to tell you how excited they were about the Apple watch when it was announced;  but now that their friend is less than enamored, they tell everyone how much it sucks. All through secondhand knowledge, because they won’t buy their own until Version 5 comes out.

The chameleon has an incredible ability to blend in to its immediate surroundings; sensing the environment around him and adapting to it quickly and without notice. Apparently the price for this superpower is a lack of original thought and reasoning ability. They do, however, possess 20/20 hindsight.

Natural Habitat: Company Lunchrooms, Cable News, Facebook, Twitter (main feed)

Everyone around you is either helping you get to where you are trying to go, or they are not. These people definitely are not. You can’t always pick your boss, your coworkers, or a lot of the other people you come across daily, but your innovation efforts will improve if you get rid of these people.

And you’ll have a lot more fun.

 

Filed Under: Bank Innovation, FinTech, Leadership, Miscellany

Top Five Posts from JP Nicols in 2015

Top 5 1000x571-2

 

Thanks to everyone who read, engaged, commented and shared my posts over the past year. I am proud to be a part of a great and growing global community that is committed to improving financial services for the better. Here’s to a great 2016!

Follow me on Twitter:

Follow @JPNicols

 

Learn more about me:

About JP Nicols

 

Here are my five most popular posts from 2015:

Big Data and Alternative Payments Top Capital One Fintech Survey

CapOne Survey 1000x571

 

It’s Too Late, Banking Is Already Being Disrupted

Too Late 1000x571-2

 

In Search of Competitive Advantage

Comp Advantage 1000x571-2

 

Innovation is More than the Next Big Idea

Big Idea 1000x571-2

 

Traditionalists vs. Trailblazers in Innovation

T&T 100x571-2

 

Filed Under: Bank Innovation, FinTech, Leadership, Miscellany

Social Media Explained… Through Donuts?

I continue to get questions on which social media channels are most effective for what purposes. No wonder, considering the growing complexity.

Credit: Buddy Media/Luma Partners via Business Insider
Credit: Buddy Media/Luma Partners via Business Insider

Thankfully, there is a very simple explanation, which I will be using from now on:

Credit: Douglas Wray on Instagram, via Business Insider
Credit: Douglas Wray on Instagram, via Business Insider

You’re welcome.

Filed Under: Bank Innovation, FinTech, Miscellany Tagged With: Social media, social media strategy

To All Veterans on This Veterans Day…

US soldier

Thank you to all of you who have served and to those of you still serving. I am grateful to be able to honor your service to all of us.

From Dale Wilson’s Command Performance Leadership:

Freedom isn’t free.  Men and women throughout our history have paid the price, sometimes the ultimate price of their lives, to ensure your life of freedom is preserved for you now and long into the future.  On this Veterans Day, we honor…we thank…we celebrate their courage, commitment and sacrifice for us; your fellow Americans.

 

Read the entire post here: To All Veterans on this Veterans Day… THANK YOU!

Filed Under: Leadership, Miscellany Tagged With: Veteran, Veterans Day

Top 10 Best Banking Blogs

(Via The Financial Brand) Congratulations to all of the winners in The Financial Brand’s Best Banking Blog poll. I am honored to count several of the winners amongst my friends. It is a group of smart, kind and funny people– what more could you want?

1. JD Power & Associates Banking Blog – @JDPowerBanking

2. Snarketing 2.0 – Ron Shevlin —  @rshevlin

3. ACTON’s Financial Marketing Insights – @ACTON_Marketing

4. Bank Marketing Strategies – Jim Marous  @JimMarous

5. Banking.com –  @bankingdotcom

6. CU Insight – Randy Smith @CUinsight

7. Bank Innovation – @BankInnovation

8. Netbanker –  @netbanker

9. GonzoBanker –  @GonzoBanker

10. Financial Services Club Blog – @FSClub

Congratulations as well to the Write-Ins & Other Honorable Mentions, along with the nominees, where I again am fortunate to recognize another great group of smart, kind and funny people I call friends. I am also humbled and grateful to even be mentioned in their company.

Again, from The Financial Brand, Write-Ins & Other Honorable Mentions:

  • Andera Blog
  • BankFutura.com
  • Celent Banking Blog
  • Filene
  • FICO Banking Analytics
  • Jeff for Banks
  • jpnicols.com (!)
  • Long Lasting Ideas
  • Mark Arnold
  • mFoundry Blog
  • Perficient Financial Services
  • SAP Banking Blog
  • Shared iDiz
  • SimpleCents
  • Strategic Marketing by MarketMatch
  • Tekfin
  • The Bankwatch
  • The Raddon Report
  • TheBoldWar.com
  • Tomorrow’s Transactions
  • We The Savers
  • Zoot Blog

Read the entire article, including links to representative posts from the winners at The Financial Brand: Top 10 Best Banking Blogs – Readers Choice 2012 Winners | The Financial Brand: Marketing Insights for Banks & Credit Unions.

Other nominees:

  • Banking.com
  • Banking4Tomorrow
  • MattWilcoxPro
  • Chuck Bruen’s CU Blog
  • Visible Banking
  • Javelin Strategy & Research Blog
  • Finextra
  • The Finacle Blog
  • That Credit Union Blog
  • Optirate
  • Discerning Technologist
  • MyBankTracker

I encourage you to bookmark these sites if you are interested in the future of financial services.

Related articles:
  • Discerning Technologist Named Among Best Banking Blogs of 2012 by @FinancialBrand (bradleyleimer.com)

Filed Under: Bank Innovation, Miscellany Tagged With: Banking Services, Financial Brand, Financial services

Apple Event Wrapup via PandoDaily

Someone had to be at the Apple event today while I am at Finovate. I’m glad PandoDaily was there.

Filed Under: Bank Innovation, FinTech, Miscellany Tagged With: Apple, apple event, IPhone, Tim Cook

TechSpeak to English Dictionary

Word cloud for Web StartupI am excited to spend the next two days peering into the future of FinTech as I watch and hear 60 companies demo their wares at Finovate. This TechSpeak to English Dictionary from Francisco Dao may be helpful for some attendees (and some presenters). Enjoy…

PandoDaily: The TechSpeak to English Dictionary

Related articles
  • FinovateFall Kicks Off Wednesday, September 12 (finovate.com)
  • The Convergence of High Tech and High Touch in Wealth Management (jpnicols.com)
  • FinovateAsia 2012 Demo Companies Revealed — Come See the Future of Asian Fintech Debut in Singapore! (finovate.com)
  • Seven Finovate Alum Selected as Innotribe Semi-finalists (finovate.com)

Filed Under: Bank Innovation, FinTech, Miscellany Tagged With: Finovate, Private bank, TechSpeak

Why More Experienced CEOs Will Stay At the Forefront of Tech Innovation

This is as encouraging to me personally (“the average age of founders of technology companies is a surprisingly high 39 – with twice as many over-50 executives as those under 29 years old.)”, as it is generally (“The United States might be on the cusp of an entrepreneurship boom—not in spite of an aging population but because of it.”).

But I especially like the described “four character traits of a successful CEO – Sensemaking, Relating, Visioning, Inventing.” I couldn’t agree more, and I have seen an abundance of these traits in the CEOs I admire the most (and a dearth in those who leaving me scratching my head).

Filed Under: Bank Innovation, FinTech, Leadership, Miscellany Tagged With: Entrepreneur, innovation, wealth management, wealth management 3.0

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