The future of ICT in financial services: The Rabobank ICT scenarios - Softcover

Erasmus, Daniel

Softcover

ISBN 10: 1502733757 ISBN 13: 9781502733757

Publisher: CreateSpace Independent Publishing Platform, 2008

Synopsis

Scenario thinking, introduced in business by Shell Group Planning in the 1970s, has evolved as a powerful methodology for enabling organisations to structurally anticipate change and incorporate external uncertainty into the internal decision-making processes. In 2008 Daniel Erasmus captured the DTN scenario thinking methodology together in a case history of a Rabobank scenario project, The Future of ICT in Financial Services. Released in August 2008 it explores the future role of IT in financial services in response to the opportunities of outsourcing, lifestyle banking, consolidation and the challenge of a pending global financial crisis. The book sketches both the final scenarios and the journey of the executive team to grasp the changing environment.

About this title

About the Author

Daniel Erasmus is CEO of the sense-making global AI platform NewsConsole/ Erasmus.io. Developed over the last 15 years it processes billions of text items to disrupt traditional investment practice; reinvent news and risk management; achieve breakthrough insights in medicine and research and gain global overviews where previously none existed. Using this platform, asset holders are able to see the edge by combining billions of documents with millions of analyst reports in an advanced Big Data/ AI platform.

For more than 20 years Daniel Erasmus has been leading global transformation processes for private and public institutions - guiding, for example: the transformation of a city to a low carbon economy, a major bank to prepare for the economic crisis; the future of 6G+ communication; Central Bank's innovation, blockchain and AI policies; designing breakthrough GameChanging innovation system for oil companies; etc.

Strategic acquisitions resulting from the consulting company he founded, The DTN, have created $350 million in profit in 3 years, a 10X return on investment. Scenarios together with NewsConsole analytics anticipated the 2014 Oil Price Collapse (in 2012) for a large Oil Field Service company- leading to a $50 B merger in the Oil Field Sector and additional $3.5B in profit. DTN scenarios anticipated the $70 oil price when it was $23 (2003). Additionally DTN anticipated the global financial crisis (in early 2006) for a bank, which lead to a profit of $2.5B in 2008, its most profitable year in its 150 year history. The scenarios allowed the bank to prepare for the financial crisis two years before it happened.

Trained in engineering with a MBA, Daniel has been a Visiting Professor at Ashridge Business School and Fellow of Rotterdam School of Management, teaching executive MBAs innovation, future studies and entrepreneurship on 3 continents. He has written three books on breakthrough innovation, the future of the Internet and the future of Fintech.

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2008
• Language: English
• ISBN 10: 1502733757
• ISBN 13: 9781502733757
• Binding: Paperback
• Number of pages: 288