{"product_id":"banks-and-fintech-on-platform-economies-9781119756972","title":"Banks and Fintech on Platform Economies","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eForewords xv\u003c\/p\u003e \u003cp\u003eAbout the Author xxix\u003c\/p\u003e \u003cp\u003eDisclaimer xxxi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Foundations of Platform Theory\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Platform Essentials on Outcome Economies 15\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Introduction 16\u003c\/p\u003e \u003cp\u003e1.2 Platforms and ecosystems 17\u003c\/p\u003e \u003cp\u003e1.3 Innovating from output to outcome economies 22\u003c\/p\u003e \u003cp\u003e1.4 Linear and non-linear thinking 24\u003c\/p\u003e \u003cp\u003e1.5 Platform types 25\u003c\/p\u003e \u003cp\u003e1.6 About platforms and innovation theory 27\u003c\/p\u003e \u003cp\u003e1.7 Shifting the perception of value 29\u003c\/p\u003e \u003cp\u003e1.8 Banks and fintech on outcome economies 31\u003c\/p\u003e \u003cp\u003e1.9 Conclusions 33\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Trust Advantage 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Introduction 35\u003c\/p\u003e \u003cp\u003e2.2 Elements of platform creation 37\u003c\/p\u003e \u003cp\u003e2.2.1 The platform challenge 38\u003c\/p\u003e \u003cp\u003e2.2.2 The chicken-or-egg dilemma 39\u003c\/p\u003e \u003cp\u003e2.3 Transparency generates trust 42\u003c\/p\u003e \u003cp\u003e2.3.1 It’s marketing, stupid! or not? 42\u003c\/p\u003e \u003cp\u003e2.3.2 Trust in the middle kingdom 43\u003c\/p\u003e \u003cp\u003e2.4 The trust advantage for banks and fintech 44\u003c\/p\u003e \u003cp\u003e2.5 Conclusions 47\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 48\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Open Innovation and Data 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Introduction 49\u003c\/p\u003e \u003cp\u003e3.2 Closed and open innovation 51\u003c\/p\u003e \u003cp\u003e3.2.1 Attributes of closed and open innovation 52\u003c\/p\u003e \u003cp\u003e3.2.2 Open innovation in platform economies 53\u003c\/p\u003e \u003cp\u003e3.3 The strategic role of complementors 55\u003c\/p\u003e \u003cp\u003e3.4 The monetisation perspective 56\u003c\/p\u003e \u003cp\u003e3.5 The monetisation of APIs 58\u003c\/p\u003e \u003cp\u003e3.5.1 Free use 59\u003c\/p\u003e \u003cp\u003e3.5.2 API consumers pay 59\u003c\/p\u003e \u003cp\u003e3.5.3 API consumers get paid 60\u003c\/p\u003e \u003cp\u003e3.5.4 Indirect monetisation 60\u003c\/p\u003e \u003cp\u003e3.6 The monetisation of user engagement 61\u003c\/p\u003e \u003cp\u003e3.6.1 Imposing transaction fees 61\u003c\/p\u003e \u003cp\u003e3.6.2 Asking for access fees 61\u003c\/p\u003e \u003cp\u003e3.6.3 Tiering enhanced access fees 61\u003c\/p\u003e \u003cp\u003e3.6.4 Delivering enhanced curation 62\u003c\/p\u003e \u003cp\u003e3.7 The API economy for banks and fintech 62\u003c\/p\u003e \u003cp\u003e3.8 Conclusions 65\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 66\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Platform Governance Founded on Transparency 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Introduction 67\u003c\/p\u003e \u003cp\u003e4.2 Power comes with responsibility 68\u003c\/p\u003e \u003cp\u003e4.3 Platform monopoly between competition and regulation 71\u003c\/p\u003e \u003cp\u003e4.3.1 Intensified regulation 71\u003c\/p\u003e \u003cp\u003e4.3.2 Better governance to fight monopoly powers 73\u003c\/p\u003e \u003cp\u003e4.4 Negative externalities threaten platform resilience 74\u003c\/p\u003e \u003cp\u003e4.5 Governance of openness and curation 76\u003c\/p\u003e \u003cp\u003e4.6 The transparency governing principle 78\u003c\/p\u003e \u003cp\u003e4.6.1 Transparency about platform management 78\u003c\/p\u003e \u003cp\u003e4.6.2 Transparency about platform orchestration 79\u003c\/p\u003e \u003cp\u003e4.7 Transparency for banks and fintech 80\u003c\/p\u003e \u003cp\u003e4.8 Conclusions 82\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Reinventing Financial Services\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Existential Shift of Bank Business Models 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Introduction 89\u003c\/p\u003e \u003cp\u003e5.2 The new normal of central banks 91\u003c\/p\u003e \u003cp\u003e5.2.1 Lehman Brothers’ default 91\u003c\/p\u003e \u003cp\u003e5.2.2 The annihilation of central banks’ systemic put 92\u003c\/p\u003e \u003cp\u003e5.2.3 Banks’ Catch-22 95\u003c\/p\u003e \u003cp\u003e5.2.4 From product-centricity to human-centricity 98\u003c\/p\u003e \u003cp\u003e5.3 About the tension between information and communication 99\u003c\/p\u003e \u003cp\u003e5.4 The banking reinvention quadrant 101\u003c\/p\u003e \u003cp\u003e5.4.1 The map and the compass 101\u003c\/p\u003e \u003cp\u003e5.4.2 The information and communication quotients 103\u003c\/p\u003e \u003cp\u003e5.5 Four BRQ business value spaces 104\u003c\/p\u003e \u003cp\u003e5.5.1 Traditional Banking 105\u003c\/p\u003e \u003cp\u003e5.5.2 Digital Banking 105\u003c\/p\u003e \u003cp\u003e5.5.3 Contextual Banking 105\u003c\/p\u003e \u003cp\u003e5.5.4 Conscious Banking 106\u003c\/p\u003e \u003cp\u003e5.6 Conclusions 107\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Lessons Learned from Fintech Innovation 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Introduction 110\u003c\/p\u003e \u003cp\u003e6.2 The true meaning of disruption 111\u003c\/p\u003e \u003cp\u003e6.2.1 My Robo-advisor was an iPod 113\u003c\/p\u003e \u003cp\u003e6.2.2 Sustaining innovation with Contextual and Conscious Banking 117\u003c\/p\u003e \u003cp\u003e6.3 Resolving the “pull-push” motivational gap 119\u003c\/p\u003e \u003cp\u003e6.3.1 Digital is a pull technology 120\u003c\/p\u003e \u003cp\u003e6.3.2 What is happening on Amazon? 121\u003c\/p\u003e \u003cp\u003e6.3.3 The offer-driven business of banking 122\u003c\/p\u003e \u003cp\u003e6.4 Rebundling on platform economies 123\u003c\/p\u003e \u003cp\u003e6.4.1 From client-centricity to human-centricity 124\u003c\/p\u003e \u003cp\u003e6.4.2 Banking-as-a-Service and Banking-as-a-Platform 126\u003c\/p\u003e \u003cp\u003e6.5 Conclusions 128\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Competitive Factors for the Future of Banks 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Introduction 131\u003c\/p\u003e \u003cp\u003e7.2 The financial services engine 132\u003c\/p\u003e \u003cp\u003e7.3 External factors affecting digital transformations 135\u003c\/p\u003e \u003cp\u003e7.3.1 Digital infrastructure 135\u003c\/p\u003e \u003cp\u003e7.3.2 Digital society 135\u003c\/p\u003e \u003cp\u003e7.3.3 Digital ecosystems 136\u003c\/p\u003e \u003cp\u003e7.3.4 Capital at risk 137\u003c\/p\u003e \u003cp\u003e7.3.5 Regulation 137\u003c\/p\u003e \u003cp\u003e7.4 Internal factors enabling digital transformation 138\u003c\/p\u003e \u003cp\u003e7.4.1 Digital leadership, strategy, and culture 138\u003c\/p\u003e \u003cp\u003e7.4.2 New business architectures and operating models 139\u003c\/p\u003e \u003cp\u003e7.5 Conclusions 140\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Leading Platform Strategies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Contextual Banking 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Introduction 147\u003c\/p\u003e \u003cp\u003e8.2 Compete with open business architectures 150\u003c\/p\u003e \u003cp\u003e8.3 From open banking to open finance 152\u003c\/p\u003e \u003cp\u003e8.4 Contextual Banking 156\u003c\/p\u003e \u003cp\u003e8.4.1 Removing ex-ante frictions without increasing them ex-post 158\u003c\/p\u003e \u003cp\u003e8.5 Bigtech gravity 159\u003c\/p\u003e \u003cp\u003e8.5.1 Facebook experience vs. WeChat engagement 160\u003c\/p\u003e \u003cp\u003e8.5.2 Amazon’s platform philosophy 161\u003c\/p\u003e \u003cp\u003e8.6 Financial services fight back 164\u003c\/p\u003e \u003cp\u003e8.6.1 Cloud-native payment providers are also chipping away bank revenues 164\u003c\/p\u003e \u003cp\u003e8.6.2 Ping An’s investment philosophy 166\u003c\/p\u003e \u003cp\u003e8.6.3 Banking orchestration of non-banking ecosystems 168\u003c\/p\u003e \u003cp\u003e8.6.4 The platform of platforms 170\u003c\/p\u003e \u003cp\u003e8.7 Conclusions 173\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 174\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Foundations of Financial Market Transparency 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Introduction 175\u003c\/p\u003e \u003cp\u003e9.2 Contextual Banking and architectural resilience 177\u003c\/p\u003e \u003cp\u003e9.3 Conscious Banking and financial antifragility 179\u003c\/p\u003e \u003cp\u003e9.3.1 Breaking out from mainstream reference theory 179\u003c\/p\u003e \u003cp\u003e9.3.2 Opening the reference system to fundamental uncertainty 181\u003c\/p\u003e \u003cp\u003e9.4 Empirical evidence to open platforms and reference systems 183\u003c\/p\u003e \u003cp\u003e9.5 Conclusions 186\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 187\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Conscious Banking 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Introduction 190\u003c\/p\u003e \u003cp\u003e10.2 Micro and macro antifragility across ecosystems 193\u003c\/p\u003e \u003cp\u003e10.2.1 Value generation at the micro-level investors’ ecosystem 193\u003c\/p\u003e \u003cp\u003e10.2.2 Value generation at the macro-level financial ecosystem 196\u003c\/p\u003e \u003cp\u003e10.3 Unlocking hidden value in the ecosystem 197\u003c\/p\u003e \u003cp\u003e10.4 Exponential technologies on transparent markets 199\u003c\/p\u003e \u003cp\u003e10.4.1 Generating value with transparent AI 199\u003c\/p\u003e \u003cp\u003e10.4.2 Opening up the reference system with technology 201\u003c\/p\u003e \u003cp\u003e10.4.3 Integrating clients’ emotion with a transparent heuristic 203\u003c\/p\u003e \u003cp\u003e10.4.4 Opening the AI envelope to stay radically rational 204\u003c\/p\u003e \u003cp\u003e10.5 The scientific shift from reductionism to holism 205\u003c\/p\u003e \u003cp\u003e10.5.1 Conscious Banking platforms on the edge of chaos 206\u003c\/p\u003e \u003cp\u003e10.5.2 Augmenting the human mind with technology 207\u003c\/p\u003e \u003cp\u003e10.6 The core engine of Conscious Banking platforms 208\u003c\/p\u003e \u003cp\u003e10.6.1 Value-generating interactions based on cost-benefit analysis 208\u003c\/p\u003e \u003cp\u003e10.6.2 Open up the risk management engine to the conscious image of endogenous uncertainty 210\u003c\/p\u003e \u003cp\u003e10.7 Conclusions 212\u003c\/p\u003e \u003cp\u003eTakeaways for banks and fintech 213\u003c\/p\u003e \u003cp\u003eConcluding Remarks 215\u003c\/p\u003e \u003cp\u003eBibliography 219\u003c\/p\u003e \u003cp\u003eIndex 227\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407139578199,"sku":"9781119756972","price":30.4,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119756972.jpg?v=1730498316","url":"https:\/\/bookcurl.com\/products\/banks-and-fintech-on-platform-economies-9781119756972","provider":"Book Curl","version":"1.0","type":"link"}