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Jul 2021
Technology - a key driver behind the transformation of financial services industry
Technology has irreversibly been transforming the way we live and work and the pandemic has accelerated the pace of embracing digital transformation across all domains Consumers now better understand the value of their personal data, and are willing to share them in exchange for a good product or fair retribution. Financial providers have to make counter-intuitive strategic choices in response to these customer expectations in order to remain competitive and not lose critical market share to new, technologically innovative new entrants
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May 2021
Inclusion and diversity – the key to more profitable financial systems for all
Inclusive access to financial services for every individual enables the development of financial resilience and brings increased profitability for all the stakeholders. An non-resilient client transformed into a resilient one can generate up to 167EUR per year. We have the technology that enables banks to offer their clients customized services and to extend these services and to make them available to everybody, no matter the social or financial status.
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May 2021
How do we change the financial system - Part 2: Transition Theory
Systems can be changed through actions focused on three dimensions – the landscape, the regime and the niches For the landscape to be changed, there is a need for the innovations to be protected and integrated by the regime Once integrated, the innovations become the new reality and changes the whole landscape and, furthermore, the system
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May 2021
How do we change the financial system (part1: Two loops theory)
Changing the banking system can create a series of chain reactions that will transform today’s enclosed system into a more democratic, inclusive, accessible, fair, responsible, and sustainable one. Yet, changing a system is not an easy task, no matter how brave, determined, and hardworking an entity or a group of people is. Nevertheless, some theories can enlighten us on how this change can take place. In this article we take you through the Two loops Theory developed by the Berkana Institute
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