Banking and financial intermediation is currently undergoing a profound change. Financial innovation, made possible by technological innovation, proposes new business models that affect both financial systems and institutions. The emerging banking ecosystem offers a wide range of new opportunities. Today, due to a surge of partnerships and collaborations, histor- ical operators, newcomers and third parties will have to collaborate to address and overcome the uncertainties and ambiguities relating to the standardization of processes, regulations and roles of the new collaborative entities that they will create. Although the new ecosystem is rapidly evolving and some players have made the first steps forward, many still remain unaware of prospects or potential threats. The open ecosystem of the future will present new emerging roles that challenge traditional banking assumptions. Financial intermediaries will have to take a position having already strategically selected complemen- tary partners, adapting business models, taking advantage of new technolo- gies and recruiting talents with relevant skills. Competitors who will strategi- cally decide their role by effectively improving their traditional model by exploiting data and expanding into non-financial products and services will be positioned to grow profitably in the near future.
L’INNOVAZIONE DIGITALE NEL SETTORE BANCARIO È RIVOLUZIONE DISGREGANTE?
v. Gentile
2019-01-01
Abstract
Banking and financial intermediation is currently undergoing a profound change. Financial innovation, made possible by technological innovation, proposes new business models that affect both financial systems and institutions. The emerging banking ecosystem offers a wide range of new opportunities. Today, due to a surge of partnerships and collaborations, histor- ical operators, newcomers and third parties will have to collaborate to address and overcome the uncertainties and ambiguities relating to the standardization of processes, regulations and roles of the new collaborative entities that they will create. Although the new ecosystem is rapidly evolving and some players have made the first steps forward, many still remain unaware of prospects or potential threats. The open ecosystem of the future will present new emerging roles that challenge traditional banking assumptions. Financial intermediaries will have to take a position having already strategically selected complemen- tary partners, adapting business models, taking advantage of new technolo- gies and recruiting talents with relevant skills. Competitors who will strategi- cally decide their role by effectively improving their traditional model by exploiting data and expanding into non-financial products and services will be positioned to grow profitably in the near future.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
