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FiDJI Finance, Design, and the Joy of Innovation. By Lindsay Romo. The Story Begins. Le Club Innovation Banque Finance Assurance 35 leading retail banks and insurance companies Jean-Pierre Legrand (a member) wanted to bring in design thinking Can Design Thinking Help
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FiDJIFinance, Design, and the Joy of Innovation By Lindsay Romo
The Story Begins • Le Club Innovation Banque Finance Assurance • 35 leading retail banks and insurance companies • Jean-Pierre Legrand (a member) wanted to bring in design thinking Can Design Thinking Help The Financial Services Industry?
Brigitte Borja de MozotaAccepts the Challenge Accomplishments Financial Industry Uniqueness Pioneer of Business and Design Thinking Universite of Paris Ouest and Ecole Parsons a Paris (Paris College of Arts) Regulation Lack of Patent Protection Money Laundering
FiDJI’s 2 Main Goals • Explore the specifics of applying design thinking to challenges of the financial industry • Equip executives to build a core competency in design in their institutions
Making it Human The banks wanted to update the decorations, but Brigitte wanted to dive deeper
The Work Begins • Collected Data • Lengthening life spans • Money • Needs • Connections • Meaning • Uses • 18 in depth interviews • Observed customers on site • 12 employee interviews
Findings Non- Important Important Age and Social Class Key life events Trust and availability of staff Relationship with Money
6 Families of Variables • Relationship with Money • Past Experiences • Current Situation • Daily Management of Money • Views on Banks and Financial Institutions • Vision for the Future All variables must be attended to in order to satisfy the customer
Workshops • Customers, Interviewees, Employees, Executives • Used the cards to go through scenarios and feelings to particular situations • Generated new ideas • Identified a set number of ideas
Sorting through the Data • Focus on 1 variable Daily management of money • Do-it- yourself • High Contact • Created a 2 minute video • Came up with Internet-Based interface • Personalize financial Information • Assess overall financial situation • Simulate future actions