Huge number of other resources / videos on banking and financial services
Future Trends...
The future will not be more of the same ... … we need to be ready
Mergers - take overs - job moves Leadership Changes
Eat or be Eaten ! Living until the next merger
“Gaining Critical Mass…”
Investment and Institutional Banking
The world is running faster
World Trends
Example of financial services industry
New Ways to Manage Wealth
Virtual Trading? - Virtual Exchange?
Change or Die
EMU One continent - one stock market?
Electronic Markets
National Exchanges
Success brings success
Real time prices for free
Volumes up as costs fall
Independent Advisers
So then...
Attackers and defenders (Foster)
Attackers / Defenders
Technology - Friend or Enemy ?
Technology = lower costs
Technology = job losses
Technology means lower margins
New Technology - may mean only 6 month lead
E-commerce hard to measure
AOL Christmas 1998
Aging Population
Airline tickets - 1 million customers in first 12 months
My son is 8 years old
“Do we HAVE to go shopping ?”
“I’ll do it on the net !”
“Shopping on the net is FUN”
MP3 - 3 million web music track downloads a day – most illegal CD copies….
First Direct
Virgin Direct
Virgin One Banking
Egg totally overwhelmed
Cyber Tax Haven
Loosing control of your future Other people can damage image
Electronic Commerce
Executive Reactions
Struggle for DynamicVision
Don’t believe market research
Technovision – over the horizon
More chips than People
Speech recognition already 95% accurate at 100 words per minute -
Telephone by 2010 ?
Mobile Phones - impact
Techno -Redundancy
The Network Society
Military Grade Security
Bugs and Spying
Telecom will merge fully
Next - Office on Wrist
An injectable computer
Net TV - 50,000 stations ...
No phone, cable, mobile, satellite ?
New threat to Telecom
Any power socket connects to bank
1 megabit per second - ten times faster than ISDN
Every home becomes intelligent
Every office is fully networked
Executives will be totally networked
Save Travel Time
Life too short to spend in airports
15 million in America already work from home using networks
Video Conference
Eye to Eye Contact
Video Link
Client gets global advice
Travel and telephone / conferencing should be same budget - COMMUNICATION
What will be the effect on people ?
Relationships under pressure
Brain to Brain
Brain to Brain Business @ the speed of thought
Future Management Thought exchange @ the speed of light
Management @ speed of light
Global Management adds Value
Single buying decisions
Companies will be more Virtual
Empire Style Management
Virtual Companies
Intel Microprocessor
Just in Time
Mazda MX - 5 car
The Plane Cockpit Controls
e-business - problems
Response of traditional banks has been uncertain
Opportunities
Summary
Institutional and Investment Banking
The biggest challenge to to adapt even faster than the technology - to gain advantage Either we take hold of the future or the future will take hold of us
Home Page: http://www.globalchange.com
Other information: Patrick Dixon 1999
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