Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

FY360° | Question: change the bank or launch a new bank?

So I was talking about the big challenges of creating a Digital Bank, and am reminded of the approaches that banks take to do this.

The first is the hardest, and it’s the one I described last week: transformation.

A transformational bank process – where the whole bank’s business model is turned on its head to move from physical to digital foundations – is just too difficult for most. It is also too risky for most. Hence, they fudge it. They add budget to invest in digital whilst also investing in dusting up their branches, adding more people in compliance and audit, juggling the sale of non-core assets whilst also thinking about acquisition of new assets. In other words, they are a bank that is spinning plates...


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Mercredi 1 Juillet 2015