Future Trends...
Private and Institutional Banking
Impact of technology - differences
The world is running faster
World Trends and Vontobel
Technology - Friend or Enemy ?
Technology = lower costs
Technology = job losses
Technology means lower margins
Old Finance Industry
Attackers and defenders (Foster)
Attackers / Defenders
Electronic transactions %
Future of branches ? Location less relevant
Virtual Trading? - Virtual Exchange?
National Exchanges
EMU One continent - one stock market?
Change or Die
Remote Membership
Success brings success
Electronic Markets
Electronic Commerce
Cyber Tax Haven
Companies will be more Virtual
How digital will we become? Virtual Work
Empire Style Management
Virtual Companies
Virtual Clients
Executive Reactions
Struggle for DynamicVision
Need to have long range vision
Telephone by 2010 ?
Satellite Phones - impact
More Microprocessors than People
Techno -Redundancy
Speech recognition already 95% accurate at 100 words per minute -
The Network Society
Larger and Faster
Military Grade Security
Telecom will merge fully
Net phones ++
Next - Office on Wrist
Net TV - 10,000 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
Global Bargain Hunters
Executives will be totally networked
Save Travel Time
Life’s too short to spend in airports
Travel can damage your business ...
There are other ways to work
What did his competitors get up to while he was away?
5 million in America already work from home using networks
Intranet Explosion
Video Conference - dead technology
Video Link for PB Clients
PB client gets global advice
Virtual Reality
Building sent by e-mail
What will be the effect on people ?
Relationships become more important
Web access high in Switzerland
Web retail trade is ahead of banking
Total Web Market
Reasons people buy on net
E-commerce
Net Advertising
E-commerce - Amazon.com
E-commerce - CISCO
On-line Investors
On-line Investors Forrester Research
Real time prices for free
Volumes up as costs fall
Internet trading in Europe
Morgan Stanley Dean Witter
Independent Advisers
New Information Services
Response of traditional banks has been uncertain
Barclays Bank
Opportunities
Private Banking new e-mail tools
Summary
The biggest challenge to Vontobel Bank will be 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/search.htm
Other information: by Dr Patrick Dixon for Bank Vontobel - executive board - 1999 - impact of new technology on Private Banking in Switzerland and other nations..
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