Resultados para la búsqueda "digitization" : 4 resultados
Fintech and the reinvention of finance
David Igual Molina

The banking industry is facing a major transformation of its activity due to the need to reinvent its services (which are expensive and not designed for online use), the change in user demand for digital products and the need to adjust inefficient structures. Traditionally the financial sector has been almost exclusively an area for financial institutions, but the falling cost of technologies has led to the emergence of new players in the industry, such as fintechs, with alternative proposals in all spheres of financial activity, through new mobile-first and data-driven formulas. However, after a few years, most of these new companies experience scalability problems and, going against their original philosophy, they end up collaborating with banks, generating a partnership of mutual interest: fintechs contribute to the transformation of the bank, and with the support of the bank, they achieve growth that they would not achieve alone. Through these banking-fintech partnerships, a paradox arises in that these entities which initially challenged the banks may end up being their point of support, ensuring the change to the banking sector is quicker and more transformational than disruptive. Conversely, the fintechs that remain in competition with the banks (between 20% and 25%) are forced into mergers, agreements, etc. in order to break-even. In Spain, the growth problems in these areas of competition with the banks (robo-advisors and crowdlending) seem even more intense than in other countries.

The most significant problem for banks comes from the large tech operators that have the capacity to unseat financial institutions in some of the most profitable spheres of activity. It seems impossible for banks to maintain total control of the business in the spheres that are shared with tech operators, such as purchase payments and money transfers. However, banks have an advantage in terms of their widely-recognised customer data protection management, which is a value in which they clearly exceed the fintechs.

Banks are developing multiple agreement strategies with fintechs, such as direct purchases, acceleration and incubation programmes, venture capital funds, service agreements and partnership agreements. Proper analysis of each area of innovation is crucial to identify the contributions made by a fintech, and the key variables are the capacity to generate volume and ability to displace current banking services. This article proposes a relationship model consisting of the gradual integration of fintechs into banking environments through: i) integration into the core of the bank; ii) collaboration or service agreements; iii) contributing to their development through acceleration and incubation programmes and the launch of “challenger” programmes or competitions to discover talent.

The logistics of tomorrow: challenges and opportunities in the digital age
Eduard J. Álvarez-Palau, Marta Viu Roig

In a global and interconnected society, the logistic sector is especially keen to understand the performance of the modern economy. Thanks to their higher level of development, European countries have a privileged position that allows them to face the future with guarantees. Their industry is competitive and its strategic challenges are clear. Supply chain innovation, infrastructure, digitization, networking and integration are key aspects to keep in mind. Public institutions also play a decisive role. They must not only support but also enhance private sector initiatives that may help to ensure global competitiveness. All this also has to be understood in an unstable and volatile context, in which the competences of professionals in the field will undoubtedly be a decisive factor in success in the future.

The digitization of people management
Verònica Platas Ruiz

The changes in the 21st Century are constant and, within the framework of VUCA (Volatility, Uncertainty, Complexity, Ambiguity) that we face, digitization in all the areas of organizations has an increasingly mainstream dimension, which also has an impact on people management. In this article, we review the key elements that must be considered in relation to people management and digitization, as well as the current state of the art in terms of the implementation of tools for improving our functions in the field of personal development.

Flexicurity or the paradigm of welfare to workfare in the current Spanish post-recession period
Purificación Baldoví

The Spanish economy is more productive but employment rates have not returned to levels prior to the recession. Therefore, the main challenge is reducing unemployment and temporary employment, creating quality, stable and productive jobs that help reduce inequality, as well as resuming the path of convergence with more advanced economies. The model of flexicurity is defined as a strategy to modernize the labour market through two paths that converge: flexibility (for both business and workers, to respond to the needs of both) and safety (for workers who must be able to develop their careers, expand their skills and receive support from social security systems during periods of inactivity). However, this model of Danish flexicurity cannot be implemented directly to each Member State or region of the European Union, but rather it must be adapted to each context with an adequate combination of instruments that respond in our region to the debate between different social and political sensitivities. The goal is not increasing precariousness through flexibility, but rather flexible specialization.

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