In November 2017 we introduced our innovation hub KAS Lab. Our main goal is not following but (re-) creating the innovation literature. Not by studying endlessly but by using a simple formula: developing new ideas + bringing together promising initiatives + short lines = fast results.
At KAS BANK, we have been reinventing ourselves ever since our founding in 1806. And we aspire to keep on doing so. New and fast technological developments make way for many new opportunities. These developments will provide new technological revolutions. To ensure that we timely respond to new opportunities and develop new products that work for the benefit of our clients, we use an entirely different approach. KAS Lab has been established to achieve this.
"At KAS Lab, idea’s come to life. This way KAS Lab enables our transition into a high-tech, client-driven bank.‘’Otto Hulst, Innovation Lead KAS BANK
It is our mission to enable the transition of a traditional infra-driven bank to a high-tech client-driven driven bank that's ready for the future.
Our most important task executed is shaping the innovative agenda and eventually making sure that valid ideas will be realised. Multiple multidisciplinary teams are working on different topics of the innovative agenda. The daily management is in hands of the Lab’s co leads. Finally, our Innovation Board oversees the performance of KAS Lab.
Lean & Agile
#1 Scan phase
Our Innovation Teams follow the Lean Start-up and Agile principles. These teams are guided by experienced coaches during the zero-to-one trajectory which consists three steps; scanning, sprinting and building.
# 2 Sprint phase
In the Sprint phase we focus on validating the solution and finding the problem-solution fit. Multiple Minimum Viable Products (MVP) are therefore iterated in order to (in)validate the riskiest assumptions of product concepts.
#3 Building phase
During the Building phase we valuate the business model. An approved Minimum Viable Product will be extended into a first version of a product. Then further research must ensure that ideas are measurable and doable.
The KAS Lab Method
Innovation and creativity isn’t a 8 to 5 thing. That’s why we created a separate space where our internal specialists can fully concentrate on exchanging ideas and working together with external innovators. Also, KAS Lab hosts events and workshops with internal and external experts to inspire, co-create and educate.
Our multidisciplinary teams consist of our own industrial experts and experienced innovators and entrepreneurs. Besides this, we work with several protagonists stemming from the constantly growing financial ecosystem.
Inspiration and education
To inspire and educate other people, KAS Lab hosts events about corporate innovation and new technology. Also, we like to help others by sharing our positive as well as our negative experiences. After all, without failure it is impossible to innovate. Therefore, we want to inspire others and collaborate to find the best results.
Nobody is too old to learn.