This book analyzes the set of forces driving the global financial system toward a period of radical transformation and explores the transformational challenges that lie ahead for global and regional or local banks and other financial intermediaries. It is explained how these challenges derive from the newly emerging post-crisis structure of the market and from shadow and digital players across all banking operations. Detailed attention is focused on the impacts of digitalization on the main functions of the financial system, and particularly the banking sector. The author elaborates how an alternative model of banking will enable banks to predict, understand, navigate, and change the external ecosystem in which they compete. The five critical components of this model are data and information mastering; effective use of applied analytics; interconnectivity and “junction playing”; development of new business solutions; and trust and credibility assurance. The analysis is supported by a number of informative case studies. The book will be of interest especially to top and middle managers and employees of banks and financial institutions but also to FinTech players and their advisers and others.
Analyzes the impacts of digitalization on the global financial system
Discusses the emerging transformational challenges, combining business and technological perspectives
Leverages best practices in academia, consulting, and banking across many different countries
Offers a compelling new framework of competitive analysis based on multiple real-life applications
Analyzes the impacts of digitalization on the global financial system Discusses the emerging transformational challenges, combining business and technological perspectives Leverages best practices in academia, consulting, and banking across many different countries Offers a compelling new framework of competitive analysis based on multiple real-life applications Includes supplementary material: sn.pub/extras
Claudio Scardovi
digital innovation digital transformation synapsis bank transformation of the global financial system financial services data management business transformation fourth industrial revolution FinTech companies synapsis in the global financial system banking investments and securities insurance