Banks and Fintech on Platform Economies

Name: Banks and Fintech on Platform Economies | Contextual and Conscious Banking
Brand: Wiley
Price: 32.99 EUR
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Contextual and Conscious Banking

Paolo Sironi(Autor*in)

Wiley (Verlag)

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Erschienen am 12. November 2021

272 Seiten

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Inhalt

Cover
Title Page
Copyright Page
Contents
Forewords
About the Author
Disclaimer
Introduction
PART I Foundations of Platform Theory
Summary of Part One
Chapter 1 Platform Essentials on Outcome Economies
1.1 Introduction
1.2 Platforms and Ecosystems
1.3 Innovating from Output to Outcome Economies
1.4 Linear and Non-Linear Thinking
1.5 Platform Types
1.6 About Platforms and Innovation Theory
1.7 Shifting the Perception of Value
1.8 Banks and Fintech on Outcome Economies
1.9 Conclusions
Takeaways for banks and fintech
Chapter 2 The Trust Advantage
2.1 Introduction
2.2 Elements of Platform Creation
2.2.1 The platform challenge
2.2.2 The chicken-or-egg dilemma
2.3 Transparency Generates Trust
2.3.1 It's marketing, stupid! or not?
2.3.2 Trust in the middle kingdom
2.4 The Trust Advantage for Banks and Fintech
2.5 Conclusions
Takeaways for banks and fintech
Chapter 3 Open Innovation and Data
3.1 Introduction
3.2 Closed and Open Innovation
3.2.1 Attributes of closed and open innovation
3.2.2 Open innovation in platform economies
3.3 The Strategic Role of Complementors
3.4 The Monetisation Perspective
3.5 The Monetisation of APIs
3.5.1 Free use
3.5.2 API consumers pay
3.5.3 API consumers get paid
3.5.4 Indirect monetisation
3.6 The Monetisation of User Engagement
3.6.1 Imposing transaction fees
3.6.2 Asking for access fees
3.6.3 Tiering enhanced access fees
3.6.4 Delivering enhanced curation
3.7 The API Economy for Banks and Fintech
3.8 Conclusions
Takeaways for banks and fintech
Chapter 4 Platform Governance Founded on Transparency
4.1 Introduction
4.2 Power Comes with Responsibility
4.3 Platform Monopoly between Competition and Regulation
4.3.1 Intensified regulation
4.3.2 Better governance to fight monopoly powers
4.4 Negative Externalities Threaten Platform Resilience
4.5 Governance of Openness and Curation
4.6 The Transparency Governing Principle
4.6.1 Transparency about platform management
4.6.2 Transparency about platform orchestration
4.7 Transparency for Banks and Fintech
4.8 Conclusions
Takeaways for banks and fintech
PART II Reinventing Financial Services
Summary of Part Two
Chapter 5 The Existential Shift of Bank Business Models
5.1 Introduction
5.2 The New Normal of Central Banks
5.2.1 Lehman Brothers' default
5.2.2 The annihilation of central banks' systemic put
5.2.3 Banks' Catch-22
5.2.4 From product-centricity to human-centricity
5.3 About the Tension between Information and Communication
5.4 The Banking Reinvention Quadrant
5.4.1 The map and the compass
5.4.2 The information and communication quotients
5.5 Four BRQ Business Value Spaces
5.5.1 Traditional Banking
5.5.2 Digital Banking
5.5.3 Contextual Banking
5.5.4 Conscious Banking
5.6 Conclusions
Takeaways for banks and fintech
Chapter 6 Lessons Learned from Fintech Innovation
6.1 Introduction
6.2 The True Meaning of Disruption
6.2.1 My Robo-advisor was an iPod
6.2.2 Sustaining innovation with Contextual and Conscious Banking
6.3 Resolving the "Pull-Push" Motivational Gap
6.3.1 Digital is a pull technology
6.3.2 What is happening on Amazon?
6.3.3 The offer-driven business of banking
6.4 Rebundling on Platform Economies
6.4.1 From client-centricity to human-centricity
6.4.2 Banking-as-a-Service and Banking-as-a-Platform
6.5 Conclusions
Takeaways for banks and fintech
Chapter 7 Competitive Factors for the Future of Banks
7.1 Introduction
7.2 The Financial Services Engine
7.3 External Factors Affecting Digital Transformations
7.3.1 Digital infrastructure
7.3.2 Digital society
7.3.3 Digital ecosystems
7.3.4 Capital at risk
7.3.5 Regulation
7.4 Internal Factors Enabling Digital Transformation
7.4.1 Digital leadership, strategy, and culture
7.4.2 New business architectures and operating models
7.5 Conclusions
Takeaways for banks and fintech
PART III Leading Platform Strategies
Summary of Part Three
Chapter 8 Contextual Banking
8.1 Introduction
8.2 Compete with Open Business Architectures
8.3 From Open Banking to Open Finance
8.4 Contextual Banking
8.4.1 Removing ex-ante frictions without increasing them ex-post
8.5 Bigtech Gravity
8.5.1 Facebook experience vs. WeChat engagement
8.5.2 Amazon's platform philosophy
8.6 Financial Services Fight Back
8.6.1 Cloud-native payment providers are also chipping away bank revenues
8.6.2 Ping An's investment philosophy
8.6.3 Banking orchestration of non-banking ecosystems
8.6.4 The platform of platforms
8.7 Conclusions
Takeaways for banks and fintech
Chapter 9 Foundations of Financial Market Transparency
9.1 Introduction
9.2 Contextual Banking and Architectural Resilience
9.3 Conscious Banking and Financial Antifragility
9.3.1 Breaking out from mainstream reference theory
9.3.2 Opening the reference system to fundamental uncertainty
9.4 Empirical Evidence to Open Platforms and Reference Systems
9.5 Conclusions
Takeaways for banks and fintech
Chapter 10 Conscious Banking
10.1 Introduction
10.2 Micro and Macro Antifragility across Ecosystems
10.2.1 Value generation at the micro-level investors' ecosystem
10.2.2 Value generation at the macro-level financial ecosystem
10.3 Unlocking Hidden Value in the Ecosystem
10.4 Exponential Technologies on Transparent Markets
10.4.1 Generating value with transparent AI
10.4.2 Opening up the reference system with technology
10.4.3 Integrating clients' emotion with a transparent heuristic
10.4.4 Opening the AI envelope to stay radically rational
10.5 The Scientific Shift from Reductionism to Holism
10.5.1 Conscious Banking platforms on the edge of chaos
10.5.2 Augmenting the human mind with technology
10.6 The Core Engine of Conscious Banking Platforms
10.6.1 Value-generating interactions based on cost-benefit analysis
10.6.2 Open up the risk management engine to the conscious image of endogenous uncertainty
10.7 Conclusions
Takeaways for banks and fintech
Concluding Remarks
Bibliography
Refferences
Forewords
Introduction
1 Platform Essentials on Outcome Economies
2 The Trust Advantage
3 Open Innovation and Data
4 Platform Governance Founded on Transparency
5 The Existential Shift of Bank Business Models
6 Lessons Learned from Fintech Innovation
7 Competitive Factors for the Future of Banks
8 Contextual Banking
9 Foundations of Financial Market Transparency
10 Conscious Banking
Concluding Remarks
Index
EULA

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