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2015 | Buch

Banks of the Future

Putting a Puzzle Together Creatively

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Über dieses Buch

This book will guide financial institutions in developing new approaches and solutions for handling perennial issues. Emphasizing the value of creativity for project management in the banking sector, the author provides new insights for all those working in banking and finance. Presenting a number of new, outside-the-box ideas, the book can be regarded as the missing spice that will creatively transform all other ingredients in the monetary world.

Inhaltsverzeichnis

Frontmatter
1. Introduction
Abstract
This book aims to present to banks how to apply new ways of dealing with existing issues and to formulate new solutions. It intends to keep readers engaged, simply through the presentation of new ideas. The intention of this book is also to develop a vision for banks about the future in the context of transformational changes in societies, and to make the book readable and understandable by people who work in the banking business, no matter what their expertise or rank in the organization is. Therefore, my aim is not to impress the reader by the use of IT jargon or banking language, but to introduce readers to a new way of thinking about financial institutions, regardless of whether the reader is a manager in a bank, an employee, a client, consultant or the provider of another financial service.
Sohella Thuiner
2. Innovation
Abstract
We can observe how Steve Job’s inventions have changed our view of technology. Oberlander and Jones argue the following in an FT article (2011) entitled “10 years of iPod”: “Since it came on the market 10 years ago, Apple’s iPod has turned the recording industry on its head and revolutionized the way consumers listen to music.”
Sohella Thuiner
3. Banking Culture
Abstract
The culture of an organization and its values are the foundation for the successful execution of a strategy. The determining components of an organizational culture, like attitudes and beliefs, should be transparent and known to everybody in all involved areas. A strategy which is not aligned with the culture, the guidelines, and the procedures in an organization is not going to realize the defined objectives.
Sohella Thuiner
4. Education
Abstract
As technology will continue to change business processes and practice, it will also become more important to educate ourselves before or as soon as a change takes place. A successful change will require education and the change in combination with education will also affect employees’ level of expertise. This makes employees more valuable for organizations so that organizations can improve and adapt more quickly to a changing environment.
Sohella Thuiner
5. Measuring the Health of an Organization
Abstract
The most important aspect of an organization is its people. If they have a good overall feeling about the organization, then you can be sure that the organization is in good shape.
Sohella Thuiner
6. Internet & Socializing
Abstract
How could internet and socializing serve financial institutions to get closer to their clients and rebuild their old reputation again? According to Goleman (2006), we are wired to connect and our brain is isolated and operates like a computer. Our social intelligence gives us the ability to understand others and act more intelligently. The key skills for social intelligence are the following: understanding feelings, listening fully, understanding the reactions, and finding it easy to interact with others.
Sohella Thuiner
7. Brain, Creativity vs. Bank, Innovation
Abstract
According to Stibel (2009), brainGate is currently being experienced by science and allows people to control electronics with their mind.
Sohella Thuiner
8. Banks of the Future
Abstract
My professional experience in the banking sector led me to believe that there must be better ways of controlling and running a bank to avoid crises than we have seen in the past. History has shown that crises are a feature of the banking business, which entail regulatory changes in order to make banks safer. I think that crisis could be now largely avoided, as we now have the right systems and tools available. We now have the advantage to use intelligent systems that the old banking system could only dream about. I think that we are missing only one point today, and this is the creation of a natural bridge between business solutions and IT solutions.
Sohella Thuiner
9. Enriching Encounters
Abstract
There is a synergy between writing a book and introducing a new financial instrument or managing a project. I think that the result of any work becomes more enriching, but also more stimulating if more brains are involved. This book is a summary of my research conducted over the last 16 months and covers ideas from great innovators, from experts about innovation, and from thinkers about the future, such as Steve Jobs, Michio Kaku, etc.
Sohella Thuiner
Metadaten
Titel
Banks of the Future
verfasst von
Sohella Thuiner
Copyright-Jahr
2015
Electronic ISBN
978-3-319-07554-9
Print ISBN
978-3-319-07553-2
DOI
https://doi.org/10.1007/978-3-319-07554-9