{"product_id":"bank-4-0-isbn-9781119506508","title":"Bank 4.0","description":"\u003cp\u003e\u003ci\u003eWinner of best book by a foreign author (2019) at the Business Book of the Year Award organised by PwC Russia\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe future of banking is already here — are you ready?\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBank 4.0\u003c\/i\u003e explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world’s best banks have been forced to adapt to changing consumer behaviors; regulators are rethinking friction, licensing and regulation; Fintech start-ups and tech giants are redefining how banking fits in the daily life of consumers. To survive, banks are having to develop new capabilities, new jobs and new skills. The future of banking is not just about new thinking around value stores, payment and credit utility — it's embedded in voice-based smart assistants like Alexa and Siri and soon smart glasses which will guide you on daily spending and money decisions. The coming Bank 4.0 era is one where either your bank is embedded in your world via tech, or it no longer exists.\u003c\/p\u003e \u003cp\u003eIn this final volume in Brett King's \u003ci\u003eBANK\u003c\/i\u003e series, we explore the future of banks amidst the evolution of technology and discover a revolution already at work. From re-engineered banking systems, to selfie-pay and self-driving cars, Bank 4.0 proves that we're not on Wall Street anymore. Bank 4.0 will help you:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the historical precedents that flag a fundamental rethinking in banking\u003c\/li\u003e \u003cli\u003eDiscover low-friction, technology experiences that undermine the products we sell today\u003c\/li\u003e \u003cli\u003eThink through the evolution of identity, value and assets as cash and cards become obsolete\u003c\/li\u003e \u003cli\u003eLearn how Fintech and tech \"disruptors\" are using behaviour, psychology and technology to reshape the economics of banking\u003c\/li\u003e \u003cli\u003eExamine the ways in which blockchain, A.I., augmented reality and other leading-edge tech are the real building blocks of the future of banking systems\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIf you look at individual technologies or startups disrupting the space, you might miss the biggest signposts to the future and you might also miss that most of we've learned about banking the last 700 years just isn't useful.\u003c\/p\u003e \u003cp\u003eWhen the biggest bank in the world isn't any of the names you'd expect, when branch networks are a burden not an asset, and when advice is the domain of Artificial Intelligence, we may very well have to start from scratch. \u003ci\u003eBank 4.0\u003c\/i\u003e takes you to a world where banking will be instant, smart and ubiquitous, and where you'll have to adapt faster than ever before just to survive. Welcome to the future.\u003c\/p\u003e \u003cp\u003ePreface 13\u003c\/p\u003e \u003cp\u003eAcknowledgements 16\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE: Bank 2050\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Getting Back to First Principles 20\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFirst principles design thinking 23\u003c\/p\u003e \u003cp\u003eApplying first principles to banking 27\u003c\/p\u003e \u003cp\u003eA bank that is always with you 32\u003c\/p\u003e \u003cp\u003eIs it too late for the banks? 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: Ant Financial—The First Financial Firm for the Digital Age by Chris Skinner 44\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Alibaba stories 46\u003c\/p\u003e \u003cp\u003eAnt Financial: Building a better China 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Regulator’s Dilemma by Brett King and Jo Ann Barefoot 64\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe risk of regulation that inhibits innovation 66\u003c\/p\u003e \u003cp\u003eA flawed approach to fi nancial crime and KYC 72\u003c\/p\u003e \u003cp\u003eThe future form and function of regulation 82\u003c\/p\u003e \u003cp\u003eElements of reform 86\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: How Technology Reframes Identity by David Birch 93\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO: Banking reimagined for a real-time world\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Embedded Banking 102\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFriction isn’t valuable in the new world 104\u003c\/p\u003e \u003cp\u003eNew experiences don’t start in the branch 106\u003c\/p\u003e \u003cp\u003eAdvice, when and where you need it 109\u003c\/p\u003e \u003cp\u003eMixed reality and its impact on banking 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: Contextual Engagement and Money Moments by Duena Blomstrom 118\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAre banking chatbots the future? 118\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: From Products and Channels to Experiences 124\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe new “network” and “distribution” paradigms 124\u003c\/p\u003e \u003cp\u003eBye-bye products, hello experiences 131\u003c\/p\u003e \u003cp\u003eThe Bank 4.0 organisation chart looks very different 140\u003c\/p\u003e \u003cp\u003eOnboarding and relationship selling in the new world 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: Future Vision: Your Personal Voice-Based AI Banker by Brian Roemmele 156\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: DLT, Blockchain, Alt-Currencies and Distributed Ecosystems 160\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEmerging digital currencies 161\u003c\/p\u003e \u003cp\u003eBitcoin and cryptocurrencies on a surge 166\u003c\/p\u003e \u003cp\u003eThe structural implications of DLT 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE: Why FinTech companies are proving banks aren’t necessary\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: FinTech and TechFin: Friend or Foe? 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“For me? Two servers” 189\u003c\/p\u003e \u003cp\u003eWhere the new players are dominating 191\u003c\/p\u003e \u003cp\u003ePartner, acquire or mimic? 199\u003c\/p\u003e \u003cp\u003eKilling FinTech partnerships—the barriers to cooperation 204\u003c\/p\u003e \u003cp\u003eIf you can’t beat them, join them 209\u003c\/p\u003e \u003cp\u003eFeature: Why Banks Should Care About FinTech by Spiros Margaris 212\u003c\/p\u003e \u003cp\u003eFeature: The Speed Advantage by Michael Jordan 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The Role of AI in Banking 219\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeep learning: How computers mimic the human brain 225\u003c\/p\u003e \u003cp\u003eRobo-advisors, robo-everything 230\u003c\/p\u003e \u003cp\u003eA bank account that is smarter than your bank 233\u003c\/p\u003e \u003cp\u003eWhere automation will strike first 242\u003c\/p\u003e \u003cp\u003eRedefining the role of humans in banking 245\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Universal Experience 252\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe expectations of the post-millennial consumer 253\u003c\/p\u003e \u003cp\u003eThe new brokers and intermediaries 261\u003c\/p\u003e \u003cp\u003eUbiquitous banking 267\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: Going Beyond Digital Banking by Jim Marous 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGoing beyond digital banking basics 270\u003c\/p\u003e \u003cp\u003eAmazon model provides a guide for banking 271\u003c\/p\u003e \u003cp\u003e\u003cb\u003eFeature: Digitise to Lead: Transforming Emirates NBD by Suvo Sarkar 278\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR: Which banks survive, which don’t\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Adapt or Die 286\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKey survival techniques 295\u003c\/p\u003e \u003cp\u003eSurvival starts at the top 306\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Conclusion: The Roadmap to Bank 4.0 311\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTechnology first, banking second 315\u003c\/p\u003e \u003cp\u003eExperience not products 323\u003c\/p\u003e \u003cp\u003eThe Bank 4.0 roadmap 333\u003c\/p\u003e \u003cp\u003eConclusion 333\u003c\/p\u003e \u003cp\u003eGlossary 337\u003c\/p\u003e \u003cp\u003eAbout Brett King 344\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBrett King\u003c\/b\u003e is an international bestselling author, a renowned commentator and globally respected speaker on the future of business. He has spoken in over 50 countries, to more than a million people, on how technology is disrupting business, changing behavior and influencing society. He advised the Obama White House, the FED and the National Economic Council on the future of banking in the United States, and advises governments and regulators around the world. He appears regularly on US TV networks like CNBC, where he contributes on Future Tech and FinTech.\u003cbr\u003eKing hosts \u003ci\u003eBreaking Banks,\u003c\/i\u003e the world's leading dedicated radio show and podcast on technology impact in banking and financial services (150-plus countries, 6.5 million listeners). He is also the founder of the neo-bank Moven, a globally recognized mobile start-up, which has raised over US$42 million to date, with the world's first mobile, downloadable bank account.\u003cbr\u003eNamed \"King of the Disruptors\" by \u003ci\u003eBanking Exchange\u003c\/i\u003e magazine, King was voted American Banker's \"Innovator of the Year,\" \"The world's #1 Financial Services Influencer\" by The Financial Brand, and was nominated by Bank Innovation as one of the top 10 \"coolest brands in banking.\" He was shortlisted for the 2015 Advance Global Australian of the Year Award for being one of the most influential Australians living offshore.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eBANK 4.0\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"From \u003ci\u003eBank 2.0 to 4.0\u003c\/i\u003e, Brett has not only been tremendously accurate in predicting where the ball is going in the future of money, but, more importantly, he's been actively shaping how it will get there. Here's a tip: don't bet against him.\"\u003cbr\u003e—\u003cb\u003eAlex Sion\u003c\/b\u003e, Co-founder, Moven; General Manager, Mobile Channel, JPMorgan Chase\u003c\/p\u003e \u003cp\u003e\"Banking is being disrupted on a global basis and Brett's book helps to navigate through these rapid transformations. A must-read in the new era of banking.\"\u003cbr\u003e—\u003cb\u003eValentin Stalf\u003c\/b\u003e, CEO and co-founder, N26\u003c\/p\u003e \u003cp\u003e\"Yet again, Brett King brings together some of the most knowledgeable and experienced figures in global FinTech for this authoritative guide to the very latest mega trends.\"\u003cbr\u003e—\u003cb\u003eAnne Boden\u003c\/b\u003e, CEO and founder, Starling Bank\u003c\/p\u003e \u003cp\u003e\"In \u003ci\u003eBank 4.0\u003c\/i\u003e, Brett moves our thinking along in financial services from rethinking the bank model to pointing to how to build the new model using first principles thinking. This book brings together not only his own thoughts, but the thinking of many of us who are trying to create the next generation of finance using technology, or FinTech. Anyone involved in finance, technology, money and banking who doesn't pick up this book is missing the key to their future and, as a result, might not have one.\"\u003cbr\u003e—\u003cb\u003eChris Skinner\u003c\/b\u003e, Bestselling Author of \u003ci\u003eDigital Human;\u003c\/i\u003e Chairman of the Financial Services Club\u003c\/p\u003e \u003cp\u003e\"As the banking industry continues to disrupt at an ever-accelerating pace, this unputdownable book paints a future that is both exciting and inspiring. This is Brett, the King of futurism, at his compelling best! Speaking as a banker, you must read \u003ci\u003eBank 4.0\u003c\/i\u003e.\"\u003cbr\u003e—\u003cb\u003eSuvo Sakar\u003c\/b\u003e, Senior EVP and Group Head of Retail Banking and Wealth Management, Emirates NBD\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eThe future of banking is already here. Are you prepared?\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eBank 4.0\u003c\/b\u003e explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world's best banks are responding to this transformation; regulators are rethinking friction, licensing and regulation; FinTech start-ups are redefining what it means to bank today. Banks are being forced to develop new capabilities, new jobs and new skills—and it's a whole new world. The future of banking is not about new value stores, payment and credit utility—it's embedded in voice-based smart assistants like Alexa and Siri, available 24\/7 to pay, book, transact or enquire. \u003cb\u003eBank 4.0\u003c\/b\u003e means that either your bank is embedded in your world, or it isn't. \u003c\/p\u003e\u003cp\u003eThe final volume in the \u003cb\u003eBANK\u003c\/b\u003e series, this book explores the future of banks amidst the evolution of technology and highlights the beginnings of this revolution already at work. \u003c\/p\u003e\u003cp\u003e\"Brett's best yet! While one may not agree with all his assertions, the fundamental insights—that banking needs to be reimagined from first principles, that it must be embedded into daily lives, that data, AI and voice are game changers in this regard—cannot be argued against. \u003ci\u003eBank 4.0\u003c\/i\u003e is a tour de force that opens your eyes to what already exists, and your mind to the imminent possibilities. A must-read.\" —\u003cb\u003ePiyush Guptav\u003c\/b\u003e, Group Chief Executive Officer, DBS Bank\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988787249381,"sku":"NP9781119506508","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119506508.jpg?v=1761781589","url":"https:\/\/k12savings.com\/products\/bank-4-0-isbn-9781119506508","provider":"K12savings","version":"1.0","type":"link"}