Open Access
Digital Banking 2025
TLDR
In this article, the authors present Wealthfront, a financial services company that has reached almost USD 4.5 billion in managed assets and employs more than 34,000 staff in the US.Abstract:
As time-to-market for digital banking products becomes shorter and shorter, thousands of Financial Technology (FinTech) startups and other non-banks are rising to the occasion by developing new products, services, and business models for all areas of banking in payments,investments, and financing along the entire value chain, touching all areas from front to back office, as client adoption of these new services accelerates. The lighting Company Osram, for example, recently had to reduce its worldwide staff from 34,000 to 26,000 due to the unexpected speed of clients’ adoption of new LED technology. By contrast, a financial services company such as Wealthfront is still small, having reached almost USD 4.5 billion in
managed assets. Such companies develop very quickly and establish new ecosystems with other non-banks and incumbents in the financial services industry.read more
Citations
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Journal ArticleDOI
Customers attitude toward Islamic mobile banking in Indonesia: Implementation of TAM
TL;DR: In this article, the authors used a survey with a sample of 179 users of mobile banking applications Islamic banks in Central Java and Yogyakarta to test consumer acceptance of mobile banks using the Technology Acceptance Model.
Journal ArticleDOI
The potential of digital banking to handle the Covid-19 pandemic crisis: Modification of UTAUT model for Islamic finance industry
TL;DR: In this article, the authors examined the driving factors for the adoption of digital banking of Islamic banks during the COVID-19 pandemic, to explore the development of specific UTAUT2 model for Islamic financial technology, and to investigate factors that need to be improved in digital banking services based on customer perspectives.
Journal ArticleDOI
Systematic review of omni-channel banking and preview of upcoming developments in Germany
Abstract: Keyword, title, abstract Full-text
Journal ArticleDOI
The Future of Retail Banking in Europe: Competition and Regulatory Challenges
Nicola Jentzsch,Christian Wey +1 more
TL;DR: The Future of Retail Banking in Europe: Competition and Regulatory Challenges as discussed by the authors brought together in a single volume the excellent contributions presented at the high-level conference on "The future of retail banking in Europe" held at CEPS on the 10th of June 2009.
Proceedings ArticleDOI
Interpretable Online Banking Fraud Detection Based On Hierarchical Attention Mechanism
TL;DR: This work proposes an attention based architecture for classifying online banking transactions as either fraudulent or genuine, and allows transparency to its decision by identifying the most important transactions in the sequence and the most informative features in each transaction.
References
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Journal Article
Big data: the management revolution.
Andrew McAfee,Erik Brynjolfsson +1 more
TL;DR: Big data, the authors write, is far more powerful than the analytics of the past, and executives can measure and therefore manage more precisely than ever before, and make better predictions and smarter decisions.
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Disruptive Technologies: Catching the Wave
TL;DR: Bower and Christensen as mentioned in this paper explained what makes a Disruptive technology so dangerous and what current industry leaders can do to compete and keep their consumer base, and how to counter this.
Journal ArticleDOI
The World’s Technological Capacity to Store, Communicate, and Compute Information
Martin Hilbert,Priscila López +1 more
TL;DR: An inventory of the world’s technological capacity from 1986 to 2007 reveals the evolution from analog to digital technologies, and the majority of the authors' technological memory has been in digital format since the early 2000s.
Book
Strategy and the new economics of information
TL;DR: In this article, the authors present a conceptual framework for understanding the relationship of information to the physical components of the value chain and how the Internet's ability to separate the two will lead to the reconfiguration of value proposition in many industries.
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