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Banks and Fintech on Platform Economies: Contextual and Conscious Banking Copertina rigida – 18 novembre 2021
Opzioni di acquisto e componenti aggiuntivi
Discover the future of the financial services industry with this insightful new resource on Contextual and Conscious Banking
In Banks and Fintech on Platform Economies: Contextual and Conscious Banking, accomplished fintech professional and author Paolo Sironi delivers an insightful examination of how platform theory, born outside of financial services, will make its way inside banking and financial markets to radically transform the way firms do business.
You’ll learn why the financial services industry must master the necessary shift of focus from selling business outputs to selling client outcomes. You’ll also discover how to steer the industry towards new forms of digital transformation underpinned by Contextual Banking and Conscious Banking platform strategies that will benefit stakeholders of all kinds.
This important book:
- Describes the shift in mindset necessary to help banks strengthen and extend the reach of their Banking-as-a-Service and Banking-as-a-Platform operations.
- Shows how a renewed interpretation of fundamental uncertainty inspires the usage of exponential technologies to achieve architectural resilience, and open the reference theory to spring new business models centered on clients’ and ecosystems’ antifragility.
- Financial services industry can break-out from a narrow space of value-generation to reclaim top spot against bigtech contenders, enjoying greater flexibility and adaptability at lower digital costs
Perfect for CEOs, business leaders, regulators, fintech entrepreneurs, wealth managers, behavioral finance researchers and professionals working at financial technology companies, Banks and Fintech on Platform Economieswill also earn a place in the libraries of bankers seeking a firm grasp of the rapidly evolving outcome economy and a view about the future of the industry.
- Lunghezza stampa235 pagine
- LinguaInglese
- EditoreJohn Wiley & Sons Inc
- Data di pubblicazione18 novembre 2021
- Dimensioni16 x 2.54 x 23.11 cm
- ISBN-101119756979
- ISBN-13978-1119756972
Spesso comprati insieme

I clienti che hanno visto questo articolo hanno visto anche
Descrizione prodotto
Dalla seconda/terza di copertina
"Friction remains the biggest hinderance to bank revenue and viability over the next decade. Paolo's book unveils why a shift from traditional products to technology-led experiences may be so difficult for financial institutions, and why the platform economy is already changing market shares and competitiveness."
--Brett King, bestselling author of The Rise of Technosocialism, founder of Moven and Breaking Banks Podcast
"The platformisation of banking is the most important business model trend to impact the financial services industry in the past 50 years, and this book from Paolo Sironi is the bankers' playbook for navigating this new trend."
--Ron Shevlin, Director of Research of Cornerstone Advisors, Senior Contributor for Forbes
"This time Paolo Sironi has written the TAO for Banking (Transparency, Advice, Openness), a text that will surely become a classic. The Banking Reinvention Quadrant (BRQ) captures how financial uncertainty and human relationships are foundational in creating sustainable high-value business propositions."
--Dr. Efi Pylarinou, founder of Efi Pylarinou Advisory & Global Fintech Influencer
"Paolo Sironi tackles the biggest challenge facing the West's banks and fintech, their transition from being mere conduits for the flow of money to becoming full-service, lifestyle platforms. Paolo takes you step-by-step through the hard choices your financial institution will need to make to transition to a platform that makes banking an afterthought."
--Richard Turrin, bestselling author of Cashless: China's Digital Currency Revolution
Paolo's latest masterpiece is our North Star to the future of financial services--one of hope, aspiration, and purpose."
--Theodora Lau, founder of Unconventional Ventures and co-author of Beyond Good
"I highly recommend Paolo Sironi's book Banks and Fintech on Platform Economies. His insights into the disruptions and changes to come to the financial industry will better prepare you for what is likely to come. For better or worse."
--Spiros Margaris, VC, ranked Global No. 1 Finance Influencer by Refinitiv (Thomson Reuters), ranked Global No. 1 Fintech, AI, Blockchain & No. 2 InsurTech Influencer by Onalytica
"Paolo Sironi is a rare and intuitive voice in the industry. He manages to capture all of the complexities of the Banking-as-a-Service market shift into a concise, digestible idea of Conscious vs Contextual Banking."
--Simon Paris, CEO at Finastra, NED at Everbridge, NED at Thomson Reuters
"Essential reading for anyone who wants to understand where the open banking revolution is taking us."
--Marie Walker, co-founder of Open Future World
"We're seeing big transformations happening in finance and it is happening fast. Technology is enabling new platform business models and most people have to learn about it. You can't be in Finance and not understand this. The book Banks and Fintech on Platform Economies will be a book for anyone seeking a firm grasp of the rapidly evolving outcome economy and a view about the future of the industry--I would urge everyone to get the book."
--Tram Anh Nguyen, co-founder of CFTE | Centre for Finance, Technology and Entrepreneurship
Dalla quarta di copertina
PRAISE FOR BANKS AND FINTECH ON PLATFORM ECONOMIES
“Friction remains the biggest hinderance to bank revenue and viability over the next decade. Paolo’s book unveils why a shift from traditional products to technology-led experiences may be so difficult for financial institutions, and why the platform economy is already changing market shares and competitiveness.”
—Brett King, bestselling author of The Rise of Technosocialism, founder of Moven and Breaking Banks Podcast
“The platformisation of banking is the most important business model trend to impact the financial services industry in the past 50 years, and this book from Paolo Sironi is the bankers’ playbook for navigating this new trend.”
—Ron Shevlin, Director of Research of Cornerstone Advisors, Senior Contributor for Forbes
“This time Paolo Sironi has written the TAO for Banking (Transparency, Advice, Openness), a text that will surely become a classic. The Banking Reinvention Quadrant (BRQ) captures how financial uncertainty and human relationships are foundational in creating sustainable high-value business propositions.”
—Dr. Efi Pylarinou, founder of Efi Pylarinou Advisory & Global Fintech Influencer
“Paolo Sironi tackles the biggest challenge facing the West’s banks and fintech, their transition from being mere conduits for the flow of money to becoming full-service, lifestyle platforms. Paolo takes you step-by-step through the hard choices your financial institution will need to make to transition to a platform that makes banking an afterthought.”
—Richard Turrin, bestselling author of Cashless: China’s Digital Currency Revolution
Paolo’s latest masterpiece is our North Star to the future of financial services—one of hope, aspiration, and purpose.”
—Theodora Lau, founder of Unconventional Ventures and co-author of Beyond Good
“I highly recommend Paolo Sironi’s book Banks and Fintech on Platform Economies. His insights into the disruptions and changes to come to the financial industry will better prepare you for what is likely to come. For better or worse.”
—Spiros Margaris, VC, ranked Global No. 1 Finance Influencer by Refinitiv (Thomson Reuters), ranked Global No. 1 Fintech, AI, Blockchain & No. 2 InsurTech Influencer by Onalytica
“Paolo Sironi is a rare and intuitive voice in the industry. He manages to capture all of the complexities of the Banking-as-a-Service market shift into a concise, digestible idea of Conscious vs Contextual Banking.”
—Simon Paris, CEO at Finastra, NED at Everbridge, NED at Thomson Reuters
“Essential reading for anyone who wants to understand where the open banking revolution is taking us.”
—Marie Walker, co-founder of Open Future World
“We’re seeing big transformations happening in finance and it is happening fast. Technology is enabling new platform business models and most people have to learn about it. You can’t be in Finance and not understand this. The book Banks and Fintech on Platform Economies will be a book for anyone seeking a firm grasp of the rapidly evolving outcome economy and a view about the future of the industry—I would urge everyone to get the book.”
—Tram Anh Nguyen, co-founder of CFTE | Centre for Finance, Technology and Entrepreneurship
L'autore
PAOLO SIRONI is the global research leader in banking and financial markets at IBM, Institute for Business Value. He is one of the most respected fintech voices worldwide, providing business expertise and strategic thinking to a network of executives among financial institutions, start-ups and regulators. He is a former quantitative risk manager and start-up entrepreneur. Paolo’s literature explores the biological underpinnings of financial markets, and how technology and business innovation can bolster the global economy’s immune system in today’s volatile times. Visit Paolo's website thePSironi.com for more information.
Dettagli prodotto
- Editore : John Wiley & Sons Inc; 1. edizione (18 novembre 2021)
- Lingua : Inglese
- Copertina rigida : 235 pagine
- ISBN-10 : 1119756979
- ISBN-13 : 978-1119756972
- Peso articolo : 476 g
- Dimensioni : 16 x 2.54 x 23.11 cm
- Posizione nella classifica Bestseller di Amazon: n. 12,124 in Impresa, strategia e gestione (Libri)
- n. 95,479 in Libri in inglese
- Recensioni dei clienti:
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Anyone who wants to have a future in financial services, from student to manager, should read it.
Must-read for who works in Fintech industry, best firs approach to who wants to better understand the future of financial services
Paolo Sironi manages to transform the texts of complex and visionary topics into wonderful massages for our knowledge. Thanks, Paolo.

Paolo Sironi manages to transform the texts of complex and visionary topics into wonderful massages for our knowledge. Thanks, Paolo.


Recensito in Italia il 8 gennaio 2022


Recensito in Italia il 5 gennaio 2022



Le recensioni migliori da altri paesi

A visão do autor sobre a "Quarta Revolução Industrial" é muito bem apresentada, trazendo os conceitos de (i) Plataforma CONTEXTUAL e (ii) Plataforma CONSCIENTE para a oferta de produtos financeiros.
Muito interessante também as pontes com economia comportamental na oferta, escolha e contratação dos produtos financeiros em plataformas. (quem já leu Daniel Kahneman ou Dan Ariely vai adorar!)
Sua conceituação de Financial Market Transparency (FMT) tem grande potencial de ser um guideline para os próximos anos do mercado.

While reading, I wrote down about 100 quotes that seem to be key to understanding Paolo Sironi's message. The author does not make a clear thesis about the future of the banking sector (and certainly does not claim that banks will pass away, as some proponents of decentralized finance claim - click - in Polish). He is rather of the opinion that changes are necessary, not only in the area of infrastructure (legacy systems) but most of all in the area of business models, which should transform from being based on the product (output economy) to focusing on the result (outcome economy). This leads to another observation - in the "new" reality we should focus on people and the value we generate for them. Not only in the context of his experience (user experience), but also in terms of support in everyday life. A human should be in the very center - at every stage of the development of financial products and services.
There also appears the notion of the so-called HUMANTECH, which puts a human being at each stage of using technology. Everything that we create using, for example, artificial intelligence or blockchain is just for us.
Well, exactly. Should we create products and services here or rather experiences? Paolo Sironi believes that something like hyper-personalization is the only direction. The results of business development should use "artificial intelligence" to learn about customers' expectations (big support here will be the oft-cited concept of open finance, which should start to be realized in the European Union this year) to generate added value. What does this mean? The customer does not want to "buy" a loan for an apartment. He needs support in buying an apartment. The role of the sector is to streamline this process and make it as frictionless as possible. This does not mean that the financial institution should not make money on it.
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This brings us to the concepts of contextual and conscious banking, the meaning of which can be reduced to two issues - the "invisibility" of financial services and the conscious use of finance (and understanding the added value it provides). All of this, however, requires great effort and a real digital transformation, which is not just a technological change, but above all a cultural and competence change. There is also a need for greater openness, both internally (organizations) and externally - for example, regarding openness with the use of APIs (Application Programming Interfaces) that allow for the creation of truly digital platforms that generate value for basically everyone.
Paolo Sironi also draws attention to - for me extremely important - the topic of so-called Financial Markets Transparency, i.e. transparency (for the customer). The author rightly pointed out that the financial services market (especially the investment market) is not predictable and the element of surprise is natural. What does it mean? Any prediction, even the most "accurate" and based on the "best" historical data, will not prepare us for the unexpected. This is why it is so important to show this fact to clients and to do so in the most accessible way possible. Clients need to be aware of the risks but also be aware that they are taking risks that are not always 100% predictable.
We also find a clear emphasis on the role of ethics. Paolo Sironi even points out that the involvement of ethics specialists (new technologies) could be a good direction - this postulate I completely support. The use of information (data analytics, big data) and communication (to customers and internally) will be the core of the "new" finance based on hyper-personalization, so ethics will be extremely important. It is a pity that "in our country" there is not yet an approach that takes into account the changing environment, including technology.
The recommendations in the book can be used both to create "new" banking, whose innovation is not based on changing the "skin" of a mobile application, but also fintech solutions of a non-banking nature. The advice is universal, although a lot of space is devoted to the transformation of the banking sector, which will have to change in the face of change and the "lurking" of BigTechs. The product-based approach will start to lose its importance, while personalization and the use of different sources of information will become natural.
In this context, it is worth noting that the (EU) Digital Strategy for Finance assumes that the tenets of open finance will emerge as early as this year. The European Banking Authority is increasingly looking at the platformization of the sector, and supervisors and regulators see changes on the side of banks and their models. The book sums it up perfectly. Everything contained therein is close to my "professional" heart. If you want to talk about transformation, I encourage you to join the discussion.

Banking Reinvention Quadrant is one of the key new concept developped by Paolo Sironi in this book. It will guide you in value proposition Transformation in an industry where the boundaries of competition and cooperation between Financial Institutions and new players such as BigTechs and Fintechs are shifting.

This book is not only a rich resource to understand the important interconnected dynamics at work with Platform Economies, but it challenges the reader to think through possible adoption paths for Financial Services. At its core the author challenges the nature of the Banking relationship, also considering important business, regulatory and technology industry nuances for Financial Services when looking to compete within a platform economy.
I strongly recommend adding this one to your collection!!!
