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Banks mine employees for bright ideas

With nimble fintechs nipping at their heels, banks are giving staff with ideas for productivity or new products a direct line to management

OCBC's innovation lab is The Open Vault, where employees can discuss or try out new ideas.


SINGAPORE banks are trying new ways to tap the creative juices of their employees, amid the threat of large fintechs that are more nimble than the traditional institutions.

With stifling bureaucracy being a big deterrent, banks have tried to cut the red tape so staff can...