Innovation is the lifeblood of the fintech industry. From digital wallets to mobile payments, fintech innovations have transformed how people manage their finances.
According to some experts, AI innovation alone could save the banking industry about US$1 trillion by 2030.
Nevertheless, the road to success is never easy. Fintech innovators face numerous challenges, including regulatory hurdles, competition, and cybersecurity threats.
Sometimes, all fintech innovators need is a little inspiration and motivation to stay ahead of the curve and create game-changing solutions.
A study published in Fast Company found that inspirational quotes can build self-efficacy, make ideas more visible, and contribute to effectiveness.
So without further ado, here are some powerful quotes to inspire and encourage fintech innovators to push boundaries.
Innovation quotes to inspire fintech leaders;
“Innovation is the ability to see change as an opportunity, not a threat.” – Steve Jobs, Founder of Apple.
“The best way to predict the future is to invent it.” – Alan Kay, Computer Scientist & Pioneer.
“You have to, to serve these markets, re-imagine how money can be managed and moved because there’s going to be more change in the next five years in financial services than happened in the past 30.” – Dan Schulma, President of PayPal.
“If you look at history, innovation doesn’t come just from giving people incentives; it comes from creating environments where their ideas can connect.” – Steven Johnson, Media Theorist & Science Author.
“There’s a way to do it better. Find it.” – Thomas Edison, Inventor.
“Innovation is not just about having a good idea. It’s about executing on that idea and creating value for customers and society.” – Ajay Banga, former CEO of Mastercard.
“Innovation- any new idea- by definition will not be accepted at first. It takes repeated attempts, endless demonstrations, monotonous rehearsals before innovation can be accepted and internalized by an organization. This requires courageous patience.” – Warren Bennis, Leadership Expert.
“If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.” – Jeff Bezos, Founder of Amazon.
“Never before in history has innovation offered promise of so much to so many in so short a time.” – Bill Gates, Founder of Microsoft.
“Technology is best when it brings people together.” – Matt Mullenweg, Founder of WordPress.
“Innovation is change that unlocks new value.” – Jamie Notter, Author.
“Innovation is the specific instrument of entrepreneurship. It is the act that endows resources with a new capacity to create wealth.” – Peter F. Drucker, Management Theory & Practice Pioneer.
“The innovation point is the pivotal moment when talented and motivated people seek the opportunity to act on their ideas and dreams.” – W. Arthur Porter, Organisational Theorist & Management Educator.
“You can have brilliant ideas, but if you can’t get them across, your ideas won’t get you anywhere.” – Lee Iacocca, American Automobile Executive & Author.
“Innovation is the ability to convert ideas into invoices.” – Lewis Duncan, former President of Rollins College.
“Technological innovations will be the heart and blood of the banking industry for many years to come.” – John Stumpf, former CEO of Wells Fargo.
“Innovation is not the product of logical thought, although the result is tied to logical structure.” – Albert Einstein, Theoretical Physicist & Author of Relativity Theory.
“Every new thing creates two new questions and two new opportunities.” – Margaret J. Wheatley, Leadership and Systems Thinking Author & Consultant.
“What is now proved was once only imagined.” – William Blake, English Poet.
“I think part of being an entrepreneur is to be slightly naive and over-optimistic about speed and impact.” – Daniel Kjellén, CMO at StellarFi.
“Innovation is the creation of the new or the re-arranging of the old in a new way.” – Mike Vance, Motivational Speaker.
“The best way to find yourself is to lose yourself in the service of others.” – Mahatma Gandhi, Peace Activist & Leader of Indian Independence Movement.
“If you’re not failing every now and again, it’s a sign you’re not doing anything very innovative.” – Woody Allen, Film Director, Actor, Comedian, and Screenwriter.
“Innovation is the whim of an elite before it becomes a need of the public.” – Ludwig von Mises, Austrian Economist & Proponent of Free-Market Capitalism.
“Innovation is a process of turning ideas into manufacturable and marketable form.” – Watts Humprey, Software Engineer.
“You miss 100% of the shots you don’t take.” – Wayne Gretzky, Legendary Canadian Ice Hockey Player & Coach.
“Innovation is not something that just happens, it requires a plan and a process.” – Jason Fried, Co-Founer of Basecamp.
“The biggest risk is not taking any risk.” – Mark Zuckerberg, Co-Founder & CEO of Facebook.
“I think it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.” – Elon Musk, Co-Founder & CEO of Tesla and SpaceX.
“Innovation is so hard and so frustrating; it takes the intersections of people with courage, vision, and resources.” – Dean Kamen, Founder of FIRST Robotics.
“The future of banking is about creating an experience that customers love.” – Renaud Laplanche, Founder & CEO of Upgrade.
“Don’t worry about failure; you only have to be right once.” – Drew Houston, Co-Founder & CEO of Dropbox.
“Innovation needs to be part of your culture. Consumers are transforming faster than we are, and if we don’t catch up, we’re in trouble.” – Ian Schafer, Founder of Deep Focus.
“If you’re not embarrassed by the first version of your product, you’ve launched too late.” – Reid Hoffman, Co-Founder of LinkedIn.
“It’s not about ideas. It’s about making ideas happen.” – Scott Belsky, Co-Founder of Behance.
“Exceptional Founders see what others do not and are unafraid to go in that direction.” – Elad Gil, Co-Founder of Color Genomics.
“Anyone can have a solution, but if no one cares about it, unfortunately, you are not going to have a very big company.” – Melanie Perkins, Co-Founder and CEO of Canva.
“A life without passion has no solid foundation, always remember why you started.” – Kevin Systrom, Co-Founder of Instagram.
“The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.” – Rupert Murdoch, Media Mogul & Founder of News Corp.
“Disruptive innovation is not a tactic. It’s a mindset.” – Whitney Johnson, Author, Speaker & Innovation Thinker.
“You can’t just ask customers what they want and then try to give that to them. By the time you get it built, they’ll want something new.” – Chad Hurley, Co-Founder of YouTube.
“Innovation is the central issue in economic prosperity.” – Michael Porter, American Economist & Researcher.
“Timing, perseverance, and ten years of trying will eventually make you look like an overnight success.” – Biz Stone, Co-Founder of Twitter.
“Ideas are easy. Execution is everything.” – John Doerr, Inventor & Venture Capitalist.
“Innovation is taking two things that already exist and putting them together in a new way.” – Tom Freston, former CEO of Viacom.
“Change everything except your wife and children.” – Lee Kun-hee, Founder of Samsung Electronics.
“The only thing that is constant is change.” – Heraclitus, Greek Philosopher on Constant Change.
“Innovation is seeing what everybody else has seen and thinking what nobody else has thought.” – Dr Albert Szent-Györgyi, Hungarian Physiologist & Nobel Prize Laureate in Medicine.
“About 95% of new products fail.” – Clayton Christensen, Innovative Management thinker & Harvard Business School Professor.
“The future belongs to those who can rise above the technology and master it.” – Jamie Dimon, CEO of JPMorgan Chase.