Open innovation ecosystems : creating new value constellations in the financial services

Resource Information

The work Open innovation ecosystems : creating new value constellations in the financial services represents a distinct intellectual or artistic creation found in University of Missouri Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Open innovation ecosystems : creating new value constellations in the financial services

Title remainder

creating new value constellations in the financial services

Statement of responsibility

Daniel Fasnacht

Creator

• Fasnacht, Daniel, 1964-

Author

• Fasnacht, Daniel, 1964-

Subject

• Customer relations
• Customer relations
• Financial institutions -- Management
• Financial institutions -- Management
• Financial institutions -- Management
• Finanzdienstleistung
• Finanzdienstleistung
• Innovationsprozess
• Innovationsprozess
• Innovationszyklus
• Innovationszyklus
• Organizational change
• Organizational change
• Organizational change
• Sharing Economy
• Sharing Economy
• Vermögensverwaltung
• Vermögensverwaltung
• Customer relations

Language

eng

Summary

Sharing information and knowledge, co-innovating with clients, communities, and competitors and adopting cognitive technology, robo advisors, crowdfunding, and blockchain reflect current socio-economic behaviour. Emerging growth regions in Asia, demographic shifts, intergenerational wealth transfers and increasing regulations are other trends that amplify each other, disrupt the client journey, and affect the entire economy. Moreover, unprecedentedly, new market entrants outside the financial sector, be it Amazon, Apple, Google, or Facebook, are increasingly expanding their scale and scope to offer financial services. Featuring case studies of Chinese business ecosystems, such as Alibaba/Ant Financial, that have transformed from displaying domestic and organic growth to rapid global expansion, this highly readable book gives you glimpses of how banking services are evolving. We break down everything you need to know about the foray of challenger banks into the financial services. You learn how they link health to wealth data and gain advantages through analytical capabilities in the race to attract sophisticated clients with highly personalized experiences. The next level of creating and capturing value for clients and businesses involves platform models embedded in cross-sector ecosystems. Digital platforms are the crucial entry point to global markets, creating value for multiple sides. They leverage self-driving ecosystems that go beyond linear value chains applied in traditional business models as the sources of growth in an interconnected world are collaboration and network effects. The winners will be those who open up and engage themselves in an ecosystem that transcends organizational boundaries and performs without sector borders because every actor contributes to the value constellation of the system

Member of

• Management for professionals
• Open innovation in the financial services

Cataloging source

YDX

Dewey number

332.1068

Illustrations

illustrations

Index

index present

LC call number

HG173

LC item number

.F37 2018

Literary form

non fiction

Nature of contents

bibliography

Series statement

Management for professionals