What are the obstacles for traditional banks? with Philippe De Backer & Juan Gonzalez
Episode 276, Apr 13, 2022, 08:00 AM
In today's episode, Philippe De Backer and Juan Gonzalez discuss with Ben Walker what the biggest issues and obstacles for the traditional banks are today.
Philippe De Backer is Managing Partner and Global Practice Leader of Financial Services at Arthur D. Little. Philippe draws from his extensive experience as a global leader in financial services to share a proactive view on the disruption in banking and emerging business models, which are reshaping the sector and many industries as traditional business boundaries are blurring.
Philippe De Backer is Managing Partner and Global Practice Leader of Financial Services at Arthur D. Little. Philippe draws from his extensive experience as a global leader in financial services to share a proactive view on the disruption in banking and emerging business models, which are reshaping the sector and many industries as traditional business boundaries are blurring.
Juan Gonzalez is a Partner at Arthur D. Little. He has worked extensively on the impact of technological change on the information flows that shape organizations and their interactions with their environment.
Philippe and Juan are co-authors, together with Arthur D. Little's CEO Ignacio Garcia Alves, of the book Disruption.
Disruption provides a critical understanding of the impact of the current economic crisis and the current industrial revolution on financial services, the new trends in the sector, and the opportunities for banks to leverage their unique assets and pre-empt challengers from gaining meaningful market share. The book also provides top-level advice about transforming financial services organizations by finding the right balance between short-term requirements and the imperative of long-term change. This balancing act is what the authors call the “ambidextrous approach”, which requires focus on two strategic initiatives: performance and innovation.
Philippe and Juan are co-authors, together with Arthur D. Little's CEO Ignacio Garcia Alves, of the book Disruption.
Disruption provides a critical understanding of the impact of the current economic crisis and the current industrial revolution on financial services, the new trends in the sector, and the opportunities for banks to leverage their unique assets and pre-empt challengers from gaining meaningful market share. The book also provides top-level advice about transforming financial services organizations by finding the right balance between short-term requirements and the imperative of long-term change. This balancing act is what the authors call the “ambidextrous approach”, which requires focus on two strategic initiatives: performance and innovation.