new paradigm banking
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Presentation On New Paradigm Banking.TRANSCRIPT
The New Paradigm
Banking (Bank 2.0)
Delivering VAS Using New
Channels and New Media
Derrydean Dadzie
Chief Doer
DreamOval Limited
The biggest risk to the finance sector today
is not from other banks, nor related to the
inability to apply Basel III risk controls or
standards.
The biggest risk to the finance sector today
is the growing gap between the institution
and the customer. [ Brett King]
Banking is necessary, but banks are not.”
Bill Gates, Microsoft Chairman, 1994
Can we be bothered?
A lot of people opting out of the banking
system because they cant be bothered?
Why cant we be bothered?
Huge gap between the banking
experience and customer behaviour
What is the reality?
The customer has evolved…
The new customer
Addicted to connectivity
Addicted to convenience
Addicted to freedom
The New Reality
Banking has evolved
The New Reality
It is no more just about
products
Loans
Bank account
Check books
Branches
Banking has evolved
The New Reality
1985:• 70% per cent of transactions
occurred trough branch, check and cash
2010 • 75% of transactions go through
internet, mobile, ATMS and other channels
1990• 11 million cheques were written in
Great Britain everyday
2010 • it has reduced to less than 1 million
Banking has evolved
The New Reality
More Channels
Banking has evolved.. Looks like any body can play?
Telcos becoming consumer banks?
Why didn’t a bank lead the way on Mobile Money?
Terrain Changing…?
Banking has evolved… Disruptive innovation from non-financial institutions
We are getting disruptive
What is driving this paradigm shift?
Customer Behaviour
Technology
How do we deliver New Paradigm Banking
(Bank 2.0)
Reinvent the Customer Bank
Experience
Re-architect the Core Banking Infrastructure
Focus on the customer
The Customer Bank Experience
Empower the Customer
• The customer chooses the channel
• Do we still need an RM?
Engage the customer
• Deliver relevant services
• Present an optimal user experience
The new customer visualisation
interface. (Dashboards)
MORE VAS, VAS, VAS
Deliver As many services as you possibly can
MORE VAS, VAS, VAS Services should be available any time
anywhere, anyhow
Create More Service Channels
Fidelity Website Project - Confidential
The Future Connected
Everyone working together
•staff and customers alike
Services delivered transparently
Medium agnostic
• customer decides channel and experience
Re-Architecting CBI
Future Connected
Socialize with customers and staff transparently
Business insights
• visualize data from all channels and interactions easily
Customer power
• All services available via all channel 24/7
Re-Architecting the CBI
What is wrong with the current
banking architecture
Suffocates the CBS
Inhibiting
Restricts Innovation
(Legal, Risk, Compliance )
Rigid (lack of flexibility)
Channel Silos
•Fragmentation across service points
Approach 1: Work Anywhere
Core Banking System
Enterprise Payments Gateway and Service Manger
(ESB)
Service Abstraction
Development Framework
Social
Media
-Facebook-Twitter
-YouTube
Mobile
App
-Android-iPhone
Blackberry
Desktop
Widgets
-Windows
-Mac
Mobile
SiteWebsite
Intranet
&
Extranet
5/15/2012Fidelity Website Project - Confidential
23
Approach Two : Anything Anywhere
CBS
BPM
Enterprise Payments Gateway and
Service Manger (ESB)
Service Abstraction
Development Framework
Social
Media
-Facebook-Twitter
-Youtube
Mobile App
-Android
-Iphone
-Blackberry
Desktop
Widgets
-Windows-Mac
Mobile
SiteWebsite
Intranet
&
Extranet
5/15/2012Fidelity Website Project - Confidential
24
New Media is not LIKE Button
Build Communities
Product Research
Customer Service
Marketing & Promotion
Transparency - Blogs
What should be the approach?
Don’t Wait and See
You would be left behind
Don’t do copy and paste
Build from ground up
Who helps you deliver Bank 2.0?
5/15/2012Fidelity Website Project - Confidential
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