Download Bye Bye Banks?: How Retail Banks are Being Displaced, Diminished and Disintermediated by Tech Startups and What They Can Do to Survive PDF EPUB
Author: James Haycock
Pages: 130
Size: 1.805,02 Kb
Publication Date: June 29,2015
Category: Financial Services
Tech businesses have disrupted retailing, media, transit and travel. “This function accurately and concisely captures the consequences of the disruption taken to the banking market by the digital revolution. In Bye Bye Banking institutions? James Haycock and Shane Richmond explain these startups, also to which regions of the banking market they are laying siege. It implies that this assault has already been well underway and that lots of incumbents are poised to become displaced, diminished and disintermediated. It draws on considerable research and on-and-off the record interviews with senior executives in a few of the biggest banking institutions. Haycock and Richmond conclude with the suggestion that traditional banks have to reinvent themselves by launching a ‘Beta Lender’: a lean, stand-by itself organisation fit for future years for which they offer a ten-stage operating model. This brief book is definitely a bold, urgent and timely evaluation of the forces shaping the continuing future of financial solutions. Its message to sector leaders in the sector cannot be more basic: adjust or prepare to end up being disrupted. Right now the retail banking business design looks set to become transformed as well.” - Lee Sankey, previous Group Style Director, Barclays” - Tom Hopkins, Product Invention Director, Experian Consumer Providers “If you are a incumbent retail lender, read it, can get on with it, make it work.” - Alessandro Hatami, former Technology Executive at Lloyds Banking Group “James Haycock can be an integral voice for the way the banking sector should and can change. The remarks by additional banking and innovation experts about their own encounters are particularly intriguing.