The Digital Journey of Banking and Insurance, Volume I

Gathers the most relevant methods used in the bank and insurance digitalization

Focuses on an outside- and inside-view on the change on banks and insurance companies

Offers an analysis of the cultural alterations in organizations with a key area in project work

Projects the requirements of a digital bank or insurance company to thrive in 2025

Gathers the most relevant methods used in bank and insurance digitization Focuses on an outside- and inside-view on the change on banks and insurance companies Offers an analysis of the cultural alterations in organizations

Autorentext

Volker Liermann, Partner at ifb group, worked in the banking industry for over two decades, primarily focusing on financial risk management. Throughout his career, he has focused on developing integrated and comprehensive frameworks to help organizations correctly project risk at a strategic and tactical line of business and departmental level. He has also focused on developing frameworks to integrate stress testing and regulatory stress tests. In recent years, his focus has shifted to digitalization, machine learning and digital processes including improvements to classical financial and non-financial risk management. He has a background in economics and a degree in mathematics from the University of Bonn.

Claus Stegmann has as Co-CEO of ifb group - an international consulting firm - acquired extensive know-how over the last three decades in the financial industry regarding finance transformation, risk management and regulatory compliance.He is intensively engaged with the current challenges of the financial industry, which result from strong changes to customer behavior, a changing competitive environment and new technologies due to digitalization. He has also co-authored books on Stress Tests in Banks, Basel III as well as Digitalization in the Finance Industry, and graduated from Business School at the University of Passau, Germany.

Inhalt

Part I. Market View.- Chapter 1. Digitalization Landscape Banking.- Chapter 2. Digitalization Strategy.- Chapter 3. The Knab Story: How We Turned the Bank Around.- Part II. Accounting/Controlling.- Chapter 4. The Need for Resilience and Agility in Finance.- Chapter 5. Value-Driver-Oriented Planning Management-Oriented Design and Value Driver Identification.- Chapter 6. AI for Impairment Accounting.- Part III. Risk Management.- Chapter 7. Financial Navigator A Modern Approach to Analytical Banking.- Chapter 8. Actuarial Data Science.- Chapter 9. BSDS Balance Sheet Dynamics Simulator (Application ABM).- Chapter 10. Breaking New Grounds in Non-Financial Risk Management.- Part IV. Culture and Projects.- Chapter 11. Digi-Cultural Mindset.- Chapter 12. New Project Structure Agile & Scrum.- Chapter 13. Hybrid Project Management.- Chapter 14. Remote Projects.- Chapter 15. Project Management and RPA.- Part V. Summary.