The Impact of Digital Transformation and FinTech on the Finance Professional

1. Front Matter

   Pages i-xxi

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2. Introduction

   • Volker Liermann, Claus Stegmann

   Pages 1-6

3. Automation, Distributed Ledgers and Client Related Aspects

   1. Front Matter

      Pages 7-12

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   2. Batch Processing—Pattern Recognition

      • Volker Liermann, Sangmeng Li, Norbert Schaudinnus

      Pages 13-28

   3. Hyperledger Fabric as a Blockchain Framework in the Financial Industry

      • Martina Bettio, Fabian Bruse, Achim Franke, Thorsten Jakoby, Daniel Schärf

      Pages 29-44

   4. Hyperledger Composer—Syndicated Loans

      • Gereon Dahmen, Volker Liermann

      Pages 45-70

   5. The Concept of the Next Best Action/Offer in the Age of Customer Experience

      • Uwe May

      Pages 71-78

   6. Using Prospect Theory to Determine Investor Risk Aversion

      • Constantin Lisson

      Pages 79-93

4. Bank Management Aspects

   1. Front Matter

      Pages 95-98

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   2. Leveraging Predictive Analytics Within a Value Driver-based Planning Framework

      • Simon Valjanow, Philipp Enzinger, Florian Dinges

      Pages 99-115

   3. Predictive Risk Management

      • Volker Liermann, Nikolas Viets

      Pages 117-137

   4. Intraday Liquidity: Forecast Using Pattern Recognition

      • Volker Liermann, Sangmeng Li, Victoria Dobryashkina

      Pages 139-162

   5. Internal Credit Risk Models with Machine Learning

      • Markus Thiele, Harro Dittmar

      Pages 163-176

   6. Real Estate Risk: Appraisal Capture

      • Volker Liermann, Norbert Schaudinnus

      Pages 177-191

   7. Managing Internal and External Network Complexity: How Digitalization and New Technology Influence the Modeling Approach

      • Stefan Grossmann, Philipp Enzinger

      Pages 193-223

   8. Big Data and the CRO of the Future

      • Richard L. Harmon

      Pages 225-237

5. Regulatory Aspects

   1. Front Matter

      Pages 239-240

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   2. How Technology (or Distributed Ledger Technology and Algorithms Like Deep Learning and Machine Learning) Can Help to Comply with Regulatory Requirements

      • Moritz Plenk, Iosif Levant, Noah Bellon

      Pages 241-258

   3. New Office of the Comptroller of the Currency Fintech Regulation: Ensuring a Successful Special Purpose National Bank Charter Application

      • Alexa Philo

      Pages 259-268

6. Methods, Technology and Architecture

   1. Front Matter

      Pages 269-270

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This book demystifies the developments and defines the buzzwords in the wide open space of digitalization and finance, exploring the space of FinTech through the lens of the financial services professional and what they need to know to stay ahead. With chapters focusing on the customer interface, payments, smart contracts, workforce automation, robotics, crypto currencies and beyond, this book aims to be the go-to guide for professionals in financial services and banking on how to better understand the digitalization of their industry.​ The book provides an outlook of the impact digitalization will have in the daily work of a CFO/CRO and a structural influence to the financial management (including risk management) department of a bank.

• digitalization
• Customer interface
• bitcoin
• Payments & smart contracts
• hyperledger
• decision optimization
• Workforce automatization
• Robotic process automation
• financial risk management
• integrated planning
• Machine learning
• deep learning
• Data lakes

• ifb AG, Grünwald, Germany

  Volker Liermann

• ifb Americas, Inc., Charlotte, USA

  Claus Stegmann

Volker Liermann, a Partner at ifb group, brings twenty years of experience in financial risk management. His focus has additionally been on integrated stress testing and liquidity risk management as it impacts asset liability management and profitability. In recent years, he added digital transformation and machine learning to his subjects of expertise. Volker is leading the global business development for banking at ifb. He has an economics background and has a degree in mathematics from the University of Bonn, Germany.

Claus Stegmann, a Partner at ifb group and Member of the Executive Board, acquired extensive know-how during the last two decades in topics like SAP Bank Analyzer, risk management for banks, accounting, regulatory and compliance (Basel III, CRR/CRD IV, Solvency II), and in the management of complex projects in the financial industry. He also co-authored books on stress tests in banks and Basel III. He has an academic background as Diplom-Kaufmann (business school graduate) from the University of Passau, Germany.

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