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Innovation

At Barclays, innovation is at the heart of what we do and how we think. We’re a bank of ‘firsts’ and have been disrupting the market for many years, such as the launch of the UK’s first credit card and the world’s first ATM.

While often people associate innovation with technology though, we know that it is about more than that. It’s about being creative and revolutionary in our thinking and in everything that we do, every day.

By fostering a culture of innovation, we are helping shape the future of financial services to make a positive difference for our customers, clients and the societies in which we operate, and for Barclays as a whole. 

Blockchain has changed the way people think about money

At Barclays, we started exploring how to leverage the technology nearly 10 years ago because of the wide number of potential applications the bank saw in it, way beyond blockchain’s best-known application in cryptocurrency. Our focus has been on identifying the use cases that will change the way we do business for the better. Watch our video to find out how we are collaborating both within and outside our organisation to drive innovation through blockchain.

We also know that is still some confusion surrounding this technology. So, we have asked our experts to demystify some of the myths and we have created a page to provide the answer to some of the most frequently asked questions about blockchain. 

Read more about blockchain 

The innovators of Barclays

As a child, John Stecher would drop his Lego models off the roof of his family home to see if they broke. Now Group Chief Technology and Innovation Officer at Barclays, based in New York, Stecher discusses what innovation means to him – from his lifelong passion for building things that work to how to cope with the pace of technological change.

In this interview, we ask Megan what innovation means to her, what trends she sees emerging in the next few years, and how Barclays will need to respond as a result.

We also talk about collaboration between banks and fintechs, and how this will bring the most significant amount of innovation into the financial services industry.

Megan also gives us an insight into how she was already innovating when she was only a 10 year-old.  

[…] innovation is not just about technology. It’s about thinking differently and solving problems for our customers and clients. Across Barclays we’re building new skills, engaging with new issues, finding new partners and learning all the time, and that’s really exciting. It also means we’re working in a different way, being more experimental and much more collaborative.

Jes Staley

Barclays CEO