Bye Bye Banks?

How Retail Banks are Being Displaced, Diminished and Disintermediated by Tech Startups and What They Can Do to Survive

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book Bye Bye Banks? by James Haycock, Shane Richmond, Idean
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: James Haycock, Shane Richmond ISBN: 9780993220630
Publisher: Idean Publication: June 29, 2015
Imprint: Adaptive Lab Language: English
Author: James Haycock, Shane Richmond
ISBN: 9780993220630
Publisher: Idean
Publication: June 29, 2015
Imprint: Adaptive Lab
Language: English

Tech companies have disrupted retailing, media, transit and travel. Now the retail banking business model looks set to be transformed too. In Bye Bye Banks? James Haycock and Shane Richmond describe these startups, and to which areas of the banking industry they are laying siege. It shows that this assault is already well underway and that many incumbents are poised to be displaced, diminished and disintermediated. It draws on extensive research and on-and-off the record interviews with senior executives in some of the biggest banks. Haycock and Richmond conclude with the recommendation that traditional banks need to reinvent themselves by launching a 'Beta Bank': a lean, stand-alone organisation fit for the future for which they provide a ten-point operating model. This short book is a bold, urgent and timely analysis of the forces shaping the future of financial services. Its message to industry leaders in the sector could not be more simple: adapt or prepare to be disrupted.

 

"This work accurately and concisely captures the effects of the disruption brought to the banking industry by the digital revolution. The comments by other banking and innovation professionals about their own experiences are particularly intriguing." - Alessandro Hatami, former Innovation Executive at Lloyds Banking Group

 

"James Haycock is a key voice for how the banking industry should and will change." - Tom Hopkins, Product Innovation Director, Experian Consumer Services

 

"If you are an incumbent retail bank, read it, get on with it, make it happen." - Lee Sankey, former Group Design Director, Barclays

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Tech companies have disrupted retailing, media, transit and travel. Now the retail banking business model looks set to be transformed too. In Bye Bye Banks? James Haycock and Shane Richmond describe these startups, and to which areas of the banking industry they are laying siege. It shows that this assault is already well underway and that many incumbents are poised to be displaced, diminished and disintermediated. It draws on extensive research and on-and-off the record interviews with senior executives in some of the biggest banks. Haycock and Richmond conclude with the recommendation that traditional banks need to reinvent themselves by launching a 'Beta Bank': a lean, stand-alone organisation fit for the future for which they provide a ten-point operating model. This short book is a bold, urgent and timely analysis of the forces shaping the future of financial services. Its message to industry leaders in the sector could not be more simple: adapt or prepare to be disrupted.

 

"This work accurately and concisely captures the effects of the disruption brought to the banking industry by the digital revolution. The comments by other banking and innovation professionals about their own experiences are particularly intriguing." - Alessandro Hatami, former Innovation Executive at Lloyds Banking Group

 

"James Haycock is a key voice for how the banking industry should and will change." - Tom Hopkins, Product Innovation Director, Experian Consumer Services

 

"If you are an incumbent retail bank, read it, get on with it, make it happen." - Lee Sankey, former Group Design Director, Barclays

More books from Banks & Banking

Cover of the book Risk Management for Islamic Banks by James Haycock, Shane Richmond
Cover of the book Schwarzbuch Banken und Finanzvertriebe by James Haycock, Shane Richmond
Cover of the book Post-Keynesian Views of the Crisis and its Remedies by James Haycock, Shane Richmond
Cover of the book The Fund Agreement in the Courts, Vol. II by James Haycock, Shane Richmond
Cover of the book Handbook of the Economics of Finance SET:Volumes 2A & 2B by James Haycock, Shane Richmond
Cover of the book Reinvigorating Growth in Developing Countries: Lessons from Adjustment Policies in Eight Economies by James Haycock, Shane Richmond
Cover of the book Studienfinanzierung in Deutschland - Herausforderung für deutsche Finanzdienstleister und ihre Grenzen by James Haycock, Shane Richmond
Cover of the book Do Exotic options offer any specific advantages in Forex trading? by James Haycock, Shane Richmond
Cover of the book Islamic Finance by James Haycock, Shane Richmond
Cover of the book Mexico: The Strategy to Achieve Sustained Economic Growth by James Haycock, Shane Richmond
Cover of the book Challenges and Opportunities of Cross-Border Deals by James Haycock, Shane Richmond
Cover of the book Kategorien und Typen der Finanzierung - Fremdkapitalfinanzierung am Kreditmarkt by James Haycock, Shane Richmond
Cover of the book The Multilateral System of Payments: Keynes, Convertibility, and the Internationa Monetary Fund's Articles of Agreement by James Haycock, Shane Richmond
Cover of the book Bank Credit Extension and Real Economic Activity in South Africa by James Haycock, Shane Richmond
Cover of the book Administering Fiscal Regimes for Extractive Industries: A Handbook by James Haycock, Shane Richmond
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy