CUSTOMER SUCCESS STORY
VNTR: Steering PostFinance towards innovative horizons
How VNTR—the innovation and venturing unit at PostFinance—streamlines and integrates the company-wide innovation process using ITONICS Innovation OS. From identifying trends to managing portfolios and launching growth ventures.
Enhanced collaboration
and transparency across departments
Unified process
from trends to project delivery
Faster time-to-market
for new growth ventures
Industry leadership
through continuous innovation
“VNTR ensures that PostFinance's business remains future-ready and relevant. With the ITONICS Innovation OS, we systematically identify trends through the innovation field, manage the early innovation portfolio, and create new opportunities.”
– Mathias Strazza, Head of VNTR, PostFinance
Developing business models for the bank of the future
In today's rapidly evolving financial industry, innovation is a crucial strategic pillar for leading Swiss financial institution PostFinance. Since 2013, the bank has relied on its own Innovation and Venturing Unit, operating under the name VNTR, which focuses on Horizon 3 innovation. This involves developing new business models, harnessing emerging technologies, and paving the way for the future of digital banking. VNTR is dedicated to engaging with future-oriented themes, ensuring that PostFinance remains relevant to its customers and competitive in the market.
An innovation and venturing hub
VNTR champions forward-looking innovation at PostFinance by tackling unexplored themes and challenges. By analyzing trends, swiftly testing prototypes, and investing in new ventures, VNTR brings future-oriented solutions to market. To streamline innovation efforts, PostFinance adopted the ITONICS Innovation OS, establishing a central platform for continuous innovation.
With a single source of truth for innovation intelligence, VNTR ensures actions are aligned with strategy, and strategy is informed by data—to scale and sustain growth at PostFinance.
Objectives of implementing a central innovation platform
Streamline innovation process
A central location for all innovation-related data, including trends, startups, opportunities, projects, and evidence
Make the future tangible
An integrated trend management process to provide a clear framework for identifying and developing new opportunities
Prioritize projects effectively
Simplifying and automating portfolio management to help prioritize projects and allocate resources effectively
THE WAY FORWARD WITH ITONICS
Perfecting the innovation process
Since its inception, VNTR has refined its processes and perfected the Horizon 3 innovation process. In doing so, it has established a structured and transparent approach to fostering innovation at PostFinance.
Foresight
Anchoring its decision-making in strategic foresight, VNTR begins the innovation process by identifying and exploring relevant signals, trends, and technologies. The aim of this foresight phase is to derive new fields of innovation that may hold potential new opportunities for PostFinance.
Innovate & Grow
The Innovate & Grow phase bridges strategic foresight with operational scalability. It involves rapid market experiments to test feasibility and customer needs. Defined hypotheses are rigorously verified or falsified, ensuring a smooth transition from ideation to operation. Confirmed hypotheses propel projects toward the final phase.
Operate
VNTR's final phase focuses on efficiently scaling initiatives for sustained growth, within or beyond the organization. It entails implementing validated innovations, optimizing processes, and adapting strategies for long-term success in dynamic markets.
Phase Gates
VNTR rigorously evaluates every innovation project through a phase-gate process—not all emerge successfully. At each gate, and continually based on evolving insights, decisions are made: to proceed with enthusiasm (love it), refine as needed (change it), or discontinue (leave it) with informed judgment.
The Annual Process
Achievements
- Centralized data access: ITONICS centralizes innovation intelligence and efforts at PostFinance, ensuring easy access for all stakeholders and enhancing data-driven decision-making.
- Flexible and robust control: The platform facilitates precise portfolio management, enabling customized oversight and strategic alignment of innovation initiatives.
- Enhanced collaboration: The adoption of a unified platform has dismantled silos within PostFinance, fostering robust cross-departmental collaboration that enhances innovative outcomes.
- End-to-end traceability: Each innovation initiative can now be traced from its origin through to specific technologies, trends, and signals, enhancing accountability and insight.
- Transparent management: Different innovation teams can now manage and present their exploration portfolios with clarity, allowing for individualized and effective oversight.
- New growth opportunities: Integration of foresight activities into the ongoing innovation process ensures that PostFinance captures emerging growth opportunities and remains ahead of future trends.
Future horizons with ITONICS
Originally launched within VNTR, ITONICS Innovation OS is now used across PostFinance, empowering cross-functional teams to advance innovative projects across all three strategic horizons. This expansion ensures that, from the earliest stages, every type of innovation is nurtured on a unified platform. In this time, the user base has grown from just 20 initial adopters to over 100. Looking ahead, PostFinance will explore new connections between its implementation process and ITONICS, reflecting the platform's integral role in shaping innovation at PostFinance.
“Today, the ITONICS software solution is an essential part of our innovation framework at PostFinance. It centralizes our innovation intelligence, enabling strategic agility and comprehensive market insight to ensure we remain at the forefront of the financial industry.”
– Mathias Strazza, Head VNTR, PostFinance
About VNTR & PostFinance
VNTR represents the innovation and venturing efforts of PostFinance, initiatives that extend beyond the confines of the current strategic period. While PostFinance concentrates on its core business operations (Horizon 1) and transformative initiatives within the core (Horizon 2), VNTR explores emerging themes, technologies, and business models that are still uncharted by PostFinance (Innovation Horizon 3). Throughout this process, VNTR identifies, develops, and invests in new business models. It aims to capture and capitalize on those opportunities with the potential to evolve into scalable and sustainable ventures for PostFinance.
PostFinance is one of the leading financial institutions in Switzerland. It serves approximately 2.5 million private and business customers as a reliable financial partner, offering fresh solutions and smart innovations.
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