Open innovation ecosystems : creating new value constellations in the financial services /: creating new value constellations in the financial services. (2018)

• Record Type: Book
• Uniform Title: Open innovation in the financial services
• Further Information: Note: Daniel Fasnacht.
• Authors: Fasnacht, Daniel, 1964-
• Contents: Intro; Foreword; Preface; Acknowledgements; Introduction; Aim of the Book; Openness, Flexibility, and Adaptation; The Financial Services Industry; The Open Innovation Ecosystem; Insights from the Book; Contents; Case Studies/Use Cases; About the Author; 1: Preparing for the New Reality; 1.1 Radical vs. Incremental vs. Disruptive; 1.2 The Paradigm Shift; 1.3 Mastering the Transformation; Case Study Wells Fargo: Organizational Renewal and Transforming Towards Digital Banking; 1.4 International Financial Centres; 1.5 Financial Services Quo Vadis?; 1.6 We Live in a Digital Service Economy 1.7 Banks Are in Decline but Are Necessary1.8 What Is the Role of Fintechs and Non-banks?; 1.9 Conclusion; 2: Disruptive Trends; 2.1 Understanding the Drivers of Strategic Change; 2.2 Market; 2.2.1 Overview; 2.2.2 Wealth Growth; 2.2.3 Reordering Global Trade with the New Silk Road; 2.2.4 Competition and Consolidation Driven by Non-banks; 2.2.5 Impactful Demographic Changes; 2.3 Client; 2.3.1 Overview; 2.3.2 New Client Service Models; 2.3.3 Clientele with New Behaviour; 2.3.4 The Inevitable Wealth Transfer; 2.3.5 New Offering Required; 2.4 Regulation; 2.4.1 Overview 2.4.2 Regulations Stabilize Financial Markets2.4.3 The Global Thread of Shadow Banking; 2.4.4 New Markets, New Regulations; 2.4.5 The Era of the Bank-Client Confidentiality Is Over; Case Study: The History of the Swiss Banking Secrecy; 2.4.6 Money Laundering and Terrorism; 2.4.7 How to Regulate Fintechs; 2.5 Technology; 2.5.1 Overview; 2.5.2 Innovative, Transformational, Disruptive; 2.5.3 The Rise of Cognitive Technologies; 2.5.4 Robo-advisory and Automated Investment Platforms; 2.5.5 Crowdfunding Is a Serious Trend; 2.5.6 Blockchain Can Transform Finance 2.6 Disruptive Trends Create the New Landscape3: Strategic Choices for Growth; 3.1 Understanding Growth; 3.2 Understanding Profitability; 3.2.1 The Profitability Paradox; 3.2.2 Achieving Profitable Growth; 3.3 Growing Through Acquisitions; Case Study Julius Baer: Swiss Heritage with Second Home Market Asia; 3.4 Global Expansion Strategies; 3.5 Asset Management Is All About Size; 3.6 Rising to Prominence; Case Study UBS: How to Become the Largest Wealth Manager; 3.7 Encouraging Growth; 3.7.1 The Chief Growth Officer; 3.7.2 The Chief Marketing Officer; 3.8 New Business Risk Management 4: Open Innovation in the Financial Services4.1 Understanding Innovation; 4.1.1 Innovation Is the Magic Bullet; 4.1.2 Invention First, Innovation Second; 4.1.3 Types of Innovation; 4.1.4 Defining Products and Services in Banking; 4.1.5 Special Characteristics of Service Innovation; Case Study Bank of America: Turning Branches into Laboratories; 4.1.6 Only the Combination Creates Value; 4.1.7 Key Innovations in the Financial Services; 4.1.8 Innovate or Die; 4.1.9 Client Value Innovation; 4.1.10 Imitation; 4.2 The Need for Open Innovation; 4.2.1 The Traditional Innovation Paradigm
• Edition: 2nd ed
• Publisher Details: Cham, Switzerland : Springer
• Publication Date: 2018
• Extent: 1 online resource
• Subjects: 332.1068; Finance; Financial institutions -- Management; Organizational change; Customer relations; BUSINESS & ECONOMICS / Finance; Financial Services; Business Finance; Innovation/Technology Management; Entrepreneurship; Business & Economics -- Corporate Finance; Business & Economics -- Production & Operations Management; Business & Economics -- Entrepreneurship; Corporate finance; Research & development management; Entrepreneurship; Bank marketing; Management; Entrepreneurship; Financial services industry; Electronic books
• Languages: English
• ISBNs: 9783319763941; 3319763946
• Related ISBNs: 9783319763934
• Notes: Note: Includes bibliographical references and index.; Note: Online resource; title from PDF title page (EBSCO, viewed November 30, 2018).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.