Technological Innovation In Retail Finance

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Technological Innovation in Retail Finance

Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes
Technological Innovation in Retail Finance Book PDF

Author : Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes
Publisher : Routledge
Page : 336 pages
File Size : 42,7 Mb
Release : 2010-11-23
Category : Business & Economics
ISBN : 9781136884535

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Technological Innovation in Retail Finance by Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes Pdf

This edited volume offers a new and original approach to the study of technological change in retail finance. Documenting developments in the US alongside case studies from Mexico and Europe, Technological Innovation in Retail Finance addresses the variety of financial institutions that populated the markets for retail finance. It offers a massive research base reflecting not only breadth of contributor interests, but also a unity of purpose that comes from several workshops and comments on each other's work. Technological innovation had a major role in the shaping and developing of administrative procedures, routines, and capabilities in organizations offering retail financial services. Indeed, with the exception of contemporary case studies for the UK, the current ‘state of the art’ in the study of the computerization of financial services from an historical perspective is overwhelmingly focused on developments in the USA. This volume overcomes the usual bias towards the so called ‘Atlantic continuity’ in the understanding of technological change related to applications of information and telecommunication technologies (ICT) by offering a number of sources of distinctiveness. It shows when and how technological change altered the competitive intensity in the markets for retail finance.

Technological Innovation in Retail Finance

Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes
Technological Innovation in Retail Finance Book PDF

Author : Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes
Publisher : Routledge
Page : 336 pages
File Size : 45,8 Mb
Release : 2010-11-23
Category : Business & Economics
ISBN : 9781136884528

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Technological Innovation in Retail Finance by Bernardo Batiz-Lazo,J. Carles Maixé-Altés,Paul Thomes Pdf

This edited volume offers a new and original approach to the study of technological change in retail finance. Documenting developments in the US alongside case studies from Mexico and Europe, Technological Innovation in Retail Finance addresses the variety of financial institutions that populated the markets for retail finance. It offers a massive research base reflecting not only breadth of contributor interests, but also a unity of purpose that comes from several workshops and comments on each other's work. Technological innovation had a major role in the shaping and developing of administrative procedures, routines, and capabilities in organizations offering retail financial services. Indeed, with the exception of contemporary case studies for the UK, the current ‘state of the art’ in the study of the computerization of financial services from an historical perspective is overwhelmingly focused on developments in the USA. This volume overcomes the usual bias towards the so called ‘Atlantic continuity’ in the understanding of technological change related to applications of information and telecommunication technologies (ICT) by offering a number of sources of distinctiveness. It shows when and how technological change altered the competitive intensity in the markets for retail finance.

The Digital Banking Revolution

Luigi Wewege
The Digital Banking Revolution Book PDF

Author : Luigi Wewege
Publisher : Scribl
Page : 108 pages
File Size : 46,5 Mb
Release : 2017-02-14
Category : Business & Economics
ISBN : 9781365685880

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The Digital Banking Revolution by Luigi Wewege Pdf

Over the past decade financial service innovations have contributed to a completely new way in which customers can bank, threatening the status quo of traditional retail banks, and redefining a banking model which has been in place for generations. These new technological advancements have facilitated the rapid emergence of digital banking firms and FinTech companies, leading to established banks being forced to swiftly increase their pace of digital adoption to stay relevant and stop mass client attrition to these agile financial start-ups. These threats come at an inopportune time for banks due to mature markets currently experiencing stagnant growth. This coupled with decreasing profit margins due to the competitive pricing of new entrants, and financial customer loyalty becoming ever increasingly more tenuous.

Financial Innovation in Retail and Corporate Banking

Luisa Anderloni,David T. Llewellyn,Reinhard H. Schmidt
Financial Innovation in Retail and Corporate Banking Book PDF

Author : Luisa Anderloni,David T. Llewellyn,Reinhard H. Schmidt
Publisher : Edward Elgar Publishing
Page : 353 pages
File Size : 40,7 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848447189

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Financial Innovation in Retail and Corporate Banking by Luisa Anderloni,David T. Llewellyn,Reinhard H. Schmidt Pdf

Discusses through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. This book explores theoretical issues such as the relationship among financial innovation and market structure and the legal protection of financial innovation.

Expertise and Innovation

Robin Fincham
Expertise and Innovation Book PDF

Author : Robin Fincham
Publisher : Unknown
Page : 128 pages
File Size : 46,5 Mb
Release : 1994
Category : Expert systems (Computer science)
ISBN : OCLC:774513206

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Expertise and Innovation by Robin Fincham Pdf

Retail financial services is a sector in which technological change - and in particular information technology (IT) - has become critically important. This book looks at how firms develop a strategic approach to IT in this sector

Successful Technological Integration for Competitive Advantage in Retail Settings

Pantano, Eleonora
Successful Technological Integration for Competitive Advantage in Retail Settings Book PDF

Author : Pantano, Eleonora
Publisher : IGI Global
Page : 405 pages
File Size : 50,6 Mb
Release : 2015-04-30
Category : Business & Economics
ISBN : 9781466682986

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Successful Technological Integration for Competitive Advantage in Retail Settings by Pantano, Eleonora Pdf

The advent of new technologies has been an impetus for rapid development in several industries, including the area of retail services. These recent advances push industry leaders to infuse new innovations into their various systems and processes. Successful Technological Integration for Competitive Advantage in Retail Settings examines the various effects of changing markets and subsequently how these changes cause retailers to meet consumer demand by integrating more sophisticated, advanced innovations in their daily practices. Focusing on corporate strategies, innovation management, and relevant case studies, this book is a pivotal reference source for researchers, practitioners, and developers interested in recent innovation trends within the retailing industry.

The Technological Revolution in Financial Services

Michael R. King,Richard W. Nesbitt
The Technological Revolution in Financial Services Book PDF

Author : Michael R. King,Richard W. Nesbitt
Publisher : University of Toronto Press
Page : 443 pages
File Size : 43,5 Mb
Release : 2020-08-26
Category : Business & Economics
ISBN : 9781487533144

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The Technological Revolution in Financial Services by Michael R. King,Richard W. Nesbitt Pdf

The financial services industry is being transformed by heightened regulation, technological disruption, and changing demographics. These structural forces have lowered barriers to entry, increasing competition from within and outside the industry, in the form of entrepreneurial fintech start-ups to large, non-financial technology-based companies. The Technological Revolution in Financial Services is an invaluable resource for those eager to understand the evolving financial industry. This edited volume outlines the strategic implications for financial services firms in North America, Europe, and other advanced economies. The most successful banks, insurance companies, and asset managers will partner with financial technology companies to provide a better and more innovative experience services to retail customers and small businesses. Ultimately this technological revolution will benefit customers and lead to a more open and inclusive financial system.

The Digital Banking Revolution

Luigi Wewege,Michael C. Thomsett
The Digital Banking Revolution Book PDF

Author : Luigi Wewege,Michael C. Thomsett
Publisher : Walter de Gruyter GmbH & Co KG
Page : 138 pages
File Size : 45,6 Mb
Release : 2019-12-02
Category : Business & Economics
ISBN : 9781547401598

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The Digital Banking Revolution by Luigi Wewege,Michael C. Thomsett Pdf

Emergent innovative financial technologies are profoundly changing the way in which we spend, move and manage our money, unlike ever before, and traditional retail banks are facing stiff competition. The global financial crisis in 2007–2009 led to large losses, and even the collapse of a significant number of established banks shaking the trust of financial customers worldwide. The Digital Banking Revolution is an insightful look at how financial technology and the rapid rise of financial technology companies have brought welcome changes offering flexibility to the banking industry. The book offers a unique perspective on the consumerization of retail banking services. It delves into the many changes that financial innovations have brought about in banking, the main financial disruptors, the new era of "banking on the go," and financial innovations from countries around the world before concluding with a discussion on the future of banking including optimizing structures, new strategies for business outcomes, and human resources in the digital era.

Disruptive Technology in Banking and Finance

Timothy King,Francesco Saverio Stentella Lopes,Abhishek Srivastav,Jonathan Williams
Disruptive Technology in Banking and Finance Book PDF

Author : Timothy King,Francesco Saverio Stentella Lopes,Abhishek Srivastav,Jonathan Williams
Publisher : Springer Nature
Page : 338 pages
File Size : 43,6 Mb
Release : 2021-10-31
Category : Business & Economics
ISBN : 9783030818357

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Disruptive Technology in Banking and Finance by Timothy King,Francesco Saverio Stentella Lopes,Abhishek Srivastav,Jonathan Williams Pdf

This book exemplifies the potential of FinTech to deliver important economic and societal gains, such as enhancing competition and financial inclusion to deliver tailored financial products and services at more affordable prices and at greater convenience. The emergence of FinTech directly challenges the business models of incumbent financial intermediaries like banks, which are adapting by developing their own FinTech offerings and partnering with FinTech and large technology firms. FinTech also constitutes both known and unknown risks to financial stability and challenges regulators to evaluate whether existing regulations are sufficient. The emergence of FinTech as a global phenomenon requires insightful cross-country analysis and different perspectives to evaluate its development and associated opportunities and challenges. This book will be of interest to practitioners, regulators and students of this essential enabling technology that is a major component of the Fourth Industrial Revolution.

Cash and Dash

Bernardo Bátiz-Lazo
Cash and Dash Book PDF

Author : Bernardo Bátiz-Lazo
Publisher : Oxford University Press
Page : 272 pages
File Size : 55,9 Mb
Release : 2018-06-28
Category : Business & Economics
ISBN : 9780191085581

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Cash and Dash by Bernardo Bátiz-Lazo Pdf

Cash and Dash: How ATMs and Computers Changed Banking uses the invention and development of the automated teller machine (ATM) to explain the birth and evolution of digital banking, from the 1960s to present day. It tackles head on the drivers of long-term innovation in retail banking with emphasis on the payment system. Using a novel approach to better understanding the industrial organization of financial markets, Cash and Dash contributes to a broader discussion around innovation and labour-saving devices. It explores attitudes to the patent system, formation of standards, organizational politics, the interaction between regulation and strategy, trust and domestication, maintenance versus disruption, and the huge undertakings needed to develop online real-time banking to customers.

Innovation in Banking

Ulrich Sprenzel
Innovation in Banking Book PDF

Author : Ulrich Sprenzel
Publisher : GRIN Verlag
Page : 86 pages
File Size : 41,7 Mb
Release : 2016-02-08
Category : Business & Economics
ISBN : 9783668142398

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Innovation in Banking by Ulrich Sprenzel Pdf

Master's Thesis from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1.3, Technical University of Munich (School of Management), course: Innovation and Business Creation, language: English, abstract: The impact of the financial crisis was a challenge for international and German banks and a test for the robustness of their business models. The consequences were stricter financial regulations introduced by Basel III and banks were forced to reduce proprietary trading and to refocus on traditional core banking business. Today supervisory authorities require sufficient and appropriate risk management systems to ensure financial stability and thus the internal operational complexity has increased and generates additional costs. In the aftermath of the financial crisis some banks are still struggling to regain competitiveness in combination with diminishing margins. In particular those banks are challenged with high dependency from interest income by deposit-financed retail banking business. In recent years financial technology companies, commonly known as FinTech, gained more importance in the financial industry and challenge banks and established business models. Digitisation is advancing in all industries and the music and media industry has already experienced a painful transformation process and a similar development is expected as well for the financial industry. Depending on how revolutionary the technological innovation is the more intense will be the impact on business models and in consequence fast adaptability is essential. The level of activity within FinTech is enormous at the moment in Germany and over one hundred new companies were launched in 2014. As a consequence digital business models are analysed with respect to core competences and how FinTech generates benefits for customers by improving the value with innovative digital solutions.

IT-Based Management: Challenges and Solutions

Joia, Luiz Antonio
IT Based Management Challenges and Solutions Book PDF

Author : Joia, Luiz Antonio
Publisher : IGI Global
Page : 324 pages
File Size : 53,8 Mb
Release : 2002-07-01
Category : Business & Economics
ISBN : 9781591400752

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IT-Based Management: Challenges and Solutions by Joia, Luiz Antonio Pdf

The main scope of this book is to show how IT has created a mandate to management to develop new business models and frameworks based on the important role of IT. The chapters within IT-Based Management: Challenges and Solutions tackle the role and impact of IT on strategy and resulting new models to be used in this context. In addition, the book proposes new models based on the pervasive role IT exercises in the current business arena.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT)

Susan V. Scott,Markos Zachariadis
The Society for Worldwide Interbank Financial Telecommunication SWIFT Book PDF

Author : Susan V. Scott,Markos Zachariadis
Publisher : Routledge
Page : 174 pages
File Size : 40,5 Mb
Release : 2013-10-30
Category : Political Science
ISBN : 9781317909521

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The Society for Worldwide Interbank Financial Telecommunication (SWIFT) by Susan V. Scott,Markos Zachariadis Pdf

A PDF version of this book is available for free in open access via www.tandfebooks.com as well as the OAPEN Library platform, www.oapen.org. It has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 3.0 license and is part of the OAPEN-UK research project. This book traces the history and development of a mutual organization in the financial sector called SWIFT, the Society for Worldwide Interbank Financial Telecommunication. Over the last forty years, SWIFT has served the financial services sector as proprietary communications platform, provider of products and services, standards developer, and conference organizer ("Sibos"). Founded to create efficiencies by replacing telegram and telex (or ‘wires’) for international payments, SWIFT now forms a core part of the financial services infrastructure. It is widely regarded as the most secure trusted third party network in the world serving 212 countries and over 10,000 banking organizations, securities institutions and corporate customers. Through every phase of its development, SWIFT has maintained the status of industry cooperative thus presenting an opportunity to study broader themes of globalization and governance in the financial services sector. In this book the authors focus on how the design and current state of SWIFT was influenced by its historical origins, presenting a comprehensive account in a succinct form which provides an informative guide to the history, structure, activities and future challenges of this key international organization. This work will be of great interest to students and scholars in a wide range of fields including IPE, comparative political economy, international economics, business studies and business history.

Innovation in the financial retail banking industry. Are banks taking over Fintechs or are Fintechs taking over banking?

Frederic Tronnier
Innovation in the financial retail banking industry Are banks taking over Fintechs or are Fintechs taking over banking Book PDF

Author : Frederic Tronnier
Publisher : GRIN Verlag
Page : 54 pages
File Size : 50,8 Mb
Release : 2016-06-24
Category : Business & Economics
ISBN : 9783668245778

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Innovation in the financial retail banking industry. Are banks taking over Fintechs or are Fintechs taking over banking? by Frederic Tronnier Pdf

Bachelor Thesis from the year 2016 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, University of Frankfurt (Main) (Fachbereich für Wirtschaftsinformatik), language: English, abstract: The thesis focuses on how Fintechs are disrupting the financial retail banking industry and how banks react to these changes. In this context, challenges and opportunities of their actions will be analyzed and discussed. Furthermore, it will be derived how aspects of innovation influence the Fintechs success in this process and how innovation takes place in the financial industry in general. Finally, this thesis discusses the implications of the current situation for both Fintechs and banks, and identifies potential outcomes and consequences for all involved parties. Since the beginning of the 21st century and the spread of the internet whole industries have been transformed or became obsolete. Disruption in the form of digitalization has taken place in the music, book, media and movie industry. Online and mobile services, offered by start-ups and technology companies are changing one industry at a time. Retail-focused companies like Apple, Netflix, Google, Amazon and Twitter have changed the way people think and use music, films, books and media. They also changed the consumers’ general perception of good service, usability and of how companies are doing business. Despite all these improvements in our everyday life, the financial retail banking industry has remained relatively constant, even though it caused people to adapt to new circumstances, in the form of the Global Financial Crisis (GFC), resulting in a Global Recession and higher regulations for the industry. Since then, the industry missed the opportunity to regain the customers’ trust by changing their habits and improving their services. Instead, customers are increasingly unlikely to buy products or refer their bank but are increasingly prepared to leave their bank within the next six months. This state of stagnancy inside the financial retail banking industry seems to have changed. New entrants have caused uproar in the industry. Fintechs, an acronym for financial technology, are entering the retail market, forcing banks to adapt and innovate. Online and mobile banking services are now considered to be the future of financial retail banking. Fintechs threaten to take away customers by offering better and cheaper services with higher usability. As both the number of Fintechs and their customers increase, banks realize that Fintechs are going to be a threat for them.

Financial Innovation, Regulation and Crises in History

Harold James
Financial Innovation Regulation and Crises in History Book PDF

Author : Harold James
Publisher : Routledge
Page : 192 pages
File Size : 45,9 Mb
Release : 2015-10-06
Category : Business & Economics
ISBN : 9781317317654

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Financial Innovation, Regulation and Crises in History by Harold James Pdf

With contributions from world-renowned figures such as Niall Ferguson and Adair Turner, this volume investigates how financial institutions and markets have undergone or reacted to past pressures, and the regulatory responses that emerged as a result.