Survival Plan For Traditional Banks Put Forward in New Book

Survival Plan For Traditional Banks Put Forward in New Book

The book, authored by Ignacio Garcia Alves , Philippe de Backer and Juan Gonzalez of management consulting firm Arthur D. Little , outlines the challenges that traditional banks face from new competitors and puts forward a new model for change and survival. In addition to the authors’ own experience, Disruption leverages insight into the industry through the words of prominent banking figures, who openly communicate their honest views regarding the future of a sector that’s moving at rapid speed. Dr. Bernd van Linder , CEO, Commercial Bank of Dubai , said: “I think the future will be one of partnerships and will be one of a hybrid model, in more than one way. So, we will see a multiple of hybrid models, between digital and physical banking, and between proprietary and partnership banking.” The book provides a critical understanding of the trends that are happening within the industry right now, including the impact of the Covid-19 pandemic , the growing shift to digital and the emergence of new ways of handling your money. “We can only conclude from our research and analysis that the traditional banking model we’ve all grown up with is no longer fit for purpose,” comments co-author