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Blame the process, not the person Managers are responsible for creating an environment where people feel safe to experiment and fail. Even subtle or unintentional guilt can produce the tendency to avoid a risk that threatens to result in failure. It’s our responsibility as managers to do everything we can to remove the stigma from failing. Google’s research on effective teams, for example, shows that if leadership punishes people who make mistakes, individuals are far less likely to feel psychologically safe and open to taking risks. … [Read more...] about How to train yourself and your team to take smarter risks

To drive adoption among rural customers, financial institutions have introduced certain tweaks to their digital product offerings to promote awareness and adoption among rural customers, aimed at addressing the key challenges faced by rural customers. This has shifted the focus now from urban-first to rural-first taking cognizance of the fact that the rural areas could potentially become the growth engines for India. With the smartphone user base improving in the rural areas, FinTech startups are coming up with innovative and user-friendly online platforms to make banking easier. This is where fintech startups aim at now – making rural life easier. … [Read more...] about How Fintech Startups Are Bridging the Digital Gap in Rural India