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June 16, 2014


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N. Stuertz

Hi Chris

I am working in a Swissbank in PB Front IT and pondering the same thoughts. I tried to put it into 4 concise statements.

Hypothesis 1: There are lots of innovative start-ups with little trust and little clients but have new or competing business models based mainly on technology in direct competition to banks .

Hypothesis 2: At the same time, existing banks have trust and clients but are not fast enough to change technology and business models to satisfy the changing preferences of consumers.

Hypothesis 3: Strategic positioning of incumbent banks should be a facilitator/adaptor role to combine their own client/trust assts with the value in technology assets of the newjoiners.

Conclusion: Incumbent banks phlegm to adapt and to rely on clients & trust should combine forces with innovative technology power of new joiners to win the future. This requires incumbent banks IT to consequently change IT and business architecture for faster outward connectivity or platform integration into the own value chain.

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