The 2008 global financial crisis and the concurrent rise of the platform
economy have had profound effects on the banking sector. Over the past
decade and a half, banking leaders have had to contend with rapidly
evolving regulatory, technological, and competitive forces. The pace of
technological change has been formidable with advances in artificial
intelligence, cloud computing, and blockchain technology. These forces
have brought to the forefront new managerial imperatives that banking
leaders have to make sense of as they strategise in light of these
unfolding new realities.
Banking in the Age of the Platform Economy explores the strategies
that managers and leaders at banks and other financial institutions have
adopted in response to the rise of the platform economy, the new forces
of interdependence that it entails, and the risks/opportunities involved
in cocreating value with external stakeholders.
With its discussion of the strategies of interdependence and value
cocreation that the top twenty banks in Europe adopted between 2008 and
2019, this book is essential reading for academics, banking and fintech
professionals, and management consultants that advise banks and
fintechs.