Digital Transformation in Financial Services

1. Front Matter

   Pages i-xi

   PDF

2. Unbearable Lightness of Banking

   • Claudio Scardovi

   Pages 1-17

3. Synapses in the Global Financial System

   • Claudio Scardovi

   Pages 19-30

4. In Transformation We Trust

   • Claudio Scardovi

   Pages 31-46

5. Cyber Capital at Risk

   • Claudio Scardovi

   Pages 47-64

6. Digital Transformation in Payments

   • Claudio Scardovi

   Pages 65-84

7. Transformation in Funding

   • Claudio Scardovi

   Pages 85-104

8. Transformation in Investment Management

   • Claudio Scardovi

   Pages 105-125

9. Transformation in Lending

   • Claudio Scardovi

   Pages 127-142

10. Transformation in Risk Management

    • Claudio Scardovi

    Pages 143-162

11. Transformation in Insurance

    • Claudio Scardovi

    Pages 163-185

12. Digital for the Greater Good

    • Claudio Scardovi

    Pages 187-205

13. The Synapses Challenge Ahead

    • Claudio Scardovi

    Pages 207-234

14. Back Matter

    Pages 235-236

    PDF

This book analyzes the set of forces driving the global financial system toward a period of radical transformation and explores the transformational challenges that lie ahead for global and regional or local banks and other financial intermediaries. It is explained how these challenges derive from the newly emerging post-crisis structure of the market and from shadow and digital players across all banking operations. Detailed attention is focused on the impacts of digitalization on the main functions of the financial system, and particularly the banking sector. The author elaborates how an alternative model of banking will enable banks to predict, understand, navigate, and change the external ecosystem in which they compete. The five critical components of this model are data and information mastering; effective use of applied analytics; interconnectivity and “junction playing”; development of new business solutions; and trust and credibility assurance. The analysis is supported by a number of informative case studies. The book will be of interest especially to top and middle managers and employees of banks and financial institutions but also to FinTech players and their advisers and others.

• digital innovation
• digital transformation
• synapsis bank
• transformation of the global financial system
• financial services
• data management
• business transformation
• fourth industrial revolution
• FinTech companies
• synapsis in the global financial system
• banking
• investments and securities
• insurance

• AlixPartners, London, United Kingdom

  Claudio Scardovi

Claudio Scardovi is a managing director and global co-head of the financial services practice for AlixPartners, a global consultancy focused on restructuring, value recovery, transformation, and growth. He has specialized in the financial services sector for the last 22 years, including 17 as managing director or country/regional head of financial services for a number of companies, including KPMG, Accenture, Intervaluenet, Oliver Wyman, Lehman Brothers, Nomura, Advent International, and AlixPartners. He is also a teaching professor at Bocconi University and SDA Bocconi, specializing in capital markets, financial systems, restructuring, and transformation, and on the Imperial College (London) master’s course in management. Claudio Scardovi has written more than 200 articles and papers and 13 books, published by Edibank, EGEA, Il Sole 24 Ore, Quondam, Mondadori, and Springer. He is also a member of the Strategic Advisory Board/Future of Banking of the World Economic Forum and of the board of Risanamento SpA, the largest real estate developer in Italy. 

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