MPD’s work in the design of innovative platforms has informed the development of a holistic approach for cultivating, implementing and monetizing innovation in payments.
Key elements are:
- Innovation cultivation. MPD helps clients innovate by brainstorming and vetting ideas; identifying complementary assets including partners and acquisition targets; and rating and prioritizing ideas.
- Innovation development and implementation. MPD moves innovation from idea to reality by identifying relevant developers, experts and entrepreneurs; developing business, technical, user and functional requirements; and helping to design products and services.
- Innovation Ignition. MPD uses its Ignition Framework to identify strategic elements for ignition; develop the ignition strategies; and stage and sequence the strategies.
- Scale and Defend Innovation. MPD helps clients accelerate network effects; create barriers to entry for free-riding rivals; and evaluate acquisitions and partnerships for faster growth.