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New Era in Banking - The Landscape After the Battle (Paperback)
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New Era in Banking - The Landscape After the Battle (Paperback)
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The financial crisis that began in 2007 triggered a break with
banking practices of the past. Even as the crisis occurred, a
broader set of economic, geopolitical, and technological forces
were already reshaping the financial industry's transition from the
twentieth to the twenty-first century. While these changes in the
financial and global climate have led to a major overhaul of
banking regulations and increased scrutiny of banks, they have also
revealed opportunities for the development of a banking sector fit
for the future. A New Era in Banking: The Landscape After the
Battle identifies the main drivers of change at the heart of this
wholesale transformation of the financial services industry. It
examines the complex challenge for financial institutions to
de-risk business models, reconnect with customers, and approach
stakeholder value creation. Untangling the severe mutations that
have taken place in the banking sector, A New Era in Banking,
contextualizes these changes within larger trends that extend
beyond the confines of the financial crisis. Banks are more
vulnerable than ever to the crosscurrents of economic, demographic,
regulatory, and technological change. However, by discussing how
banks can operate as flexible, technology-enabled information
businesses, A New Era in Banking advocates financial practices
based not only on survival, but innovation.
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