José María Fuster van Bendegem, Profesor Ad Honoren de la Universidad Politécnica de Madrid, reflexiona sobre los principales aspectos estratégicos en los procesos que involucran a bancos y fintechs.

1. Strategic Topics
Banking and Fintechs
José María Fuster van Bendegem
UPM ad honorem Professor

2. Banking is facing a strategic dilemma:
Efficiency or Business Model Innovation
Introduction

3. BANKS ARE PRIMARILY LIQUIDITY AND CAPITAL PROVIDERS
Loans Deposits
Liquidity
Buffer
Capital
Average
Cost of
Deposits
(CoD)
Cost of
Capital
(CoC)
Average
Price of
Loans
(PoL)
Gross Financial Margin = Loans x PoL – DEP x CoD – C x CoC

4. EVERY ECONOMIC PROCESS STARTS AND/OR ENDS IN A
CURRENT ACCOUNT
THE ECONOMIC FLOW PERMEATES EVERYTHING
FOR EXAMPLE: OPEN A NEW COMPANY

5. ECONOMIC ACTORS
FINANCIAL SERVICES
CORE BANKING SYSTEM
CENTRAL BANKS
CONSUMERS SMEs CORPORATIONS INSTITUTIONS

6. FINTECH OPTIONS
Fintech as Financial Services Providers
Fintech Implementing a more Efficient Banking Model
Fintech as Technology Providers

7. BANKS OPTIONS
Specialization Taking Monoliners Risk
Compete in the Services Space Banks as Financial Holding
Companies
Cost Reduction Technology or Consolidation

8. MAIN STRATEGY GAIN EFFICIENCY
Consolidation
Reducing Complexity: Customers and Products
Using Technology Effectively: IT Sharing, New
Architectures, Fintech Integration

9. SOME FIGURES

10. SOME FIGURES

11. SOME FIGURES

12. LINKS OF INTEREST
https://www.forbes.com/advisor/donna-fuscaldo/2019/01/30/best-fintech-alternatives-to-traditional-
banking/
https://www.chimebank.com
https://www.aspiration.com
https://movenenterprise.com
https://www.varomoney.com
https://www.openbank.es

13. TODAY: Internet of Data - Data Economy
FUTURE: Internet of Data - Data Economy and E-Money
Fintech Internet
Internet
Blockchain
Debate

14. As Business Model Innovation is extremely difficult to execute
the only feasible alternative in Banking is
EFFICIENCY
Conclusion

15. José María Fuster van Bendegem
UPM ad honorem Professor