Can I read FinTech Impact on Retail Banking - From a Universal Banking Model to Banking Verticalization on EtoBox?

FinTech Impact on Retail Banking - From a Universal Banking Model to Banking Verticalization by Roberto Ferrari is a book available to read on EtoBox.

What is FinTech Impact on Retail Banking - From a Universal Banking Model to Banking Verticalization about?

The digital disruption tide has arrived to hit the banking and financial services industry. This is not just a major technological change, or an addition of new channels, this is a profound overhaul of the whole retail banking model as the entire market structure will change. Pricing and revenues, customer experience, product and distribution models on which the universal banking model has been conceived in the last century are being challenged as never before. In 2015, the former Barclays' CEO Antony Jenkins claimed that the "universal bank model is dead" and JPMorgan Chase's CEO Jamie Dimon warned the financial community that "Silicon Valley is coming"... so what is happening? The point is that traditional banks have not yet been capable of facing two major disruptive external forces simultaneously: 1. Change in regulation 2. Change in consumer habits (and technology). Those two factors are intimately correlated, working together to make the picture even worse. Firstly, since the financial crisis regulation on banking has become tougher. New capital and liquidity requirements have been imposed. Banking assets have been heavily scrutinized through stress tests. Many large banks ha

Author

Roberto Ferrari

Published

2016

Language

EN