FIVE (5) components that form the dynamic change model in financial innovation are known by the acronym TRICK, namely Transparency, Risk exposure, Information technology, Competition for customers and Capital Adequacy ( Capital adequacy). The components in TRICK together with the rational desires and interests of individuals that is the effort to get the maximum profit from each investment made will give birth to financial innovation that is new financial processes and products.

Based on the above statement, you are required to analyze how each component in TRICK responds in the financial and economic ecosystem which in turn spawns financial innovation.