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Designers on the Inside
Lessons from within a large service organisation
Service Design 2011 – May 3, 2011



                                                        Opher Yom-Tov 
         
   
                     National Manager – Customer Centred Design & Innovation
                                               Service Design 2011 – May 3
I work for a bank
The wealth management arm of the bank
We provide these services


                Financial planning
                 Superannuation
            Investment administration
                     Insurance
                 Private banking
                 Managed funds
               Retirement products
YAWN
Financial services



  •    Boring
  •    Conservative
  •    Risk averse
  •    Uninspiring
  •    Design desert
Financial services


                              •  Massive impact on people’s lives
                              •  Enables people to live their dreams
  •    Boring
                              •  Touches 10 million people
  •    Conservative
                              •  Really big budgets
  •    Risk averse
     OR
                              •  Opportunity to transform a conservative
  •    Uninspiring
                                 industry as a shining light to others. 
  •    Design desert
                              •  Incredibly complex
                              •  Highly constrained
Financial services


                              •  Massive impact on people’s lives
                              •  Enables people to live their dreams
  •    Boring
                              •  Touches 10 million people
  •    Conservative
                              •  Really big budgets
  •    Risk averse
     OR
                              •  Opportunity to transform a conservative
  •    Uninspiring
                                 industry as a shining light to others. 
  •    Design desert
                              •  Incredibly complex
                              •  Highly constrained
Here’s where the problem starts




                We sell a commodity
$
   +
                   $
                      more


          Term Deposit
$
   +
                   $
                      more
   + service


          Term Deposit
$
more
               $+$+$+


        Mortgage
$
service +
more
               $+$+$+


                  Mortgage
$+$+$+
                more
                            $
          Superannuation
$+$+$+
                more
                            $
 + service


          Superannuation
$+$+$+
                    $
                       more


          Insurance
$+$+$+
                    $
                       more
   + service


          Insurance
Service is our most powerful differentiator
only sustainable
Service is our most powerful differentiator
10
        things I’ve learned 
as a service designer on the inside
1
A journey of a thousand miles
   begins with the first step
Aspira!on	
  




                Now	
     !me	
     Future	
  
Ideal
                          future         vision	
  
                          state!




Aspira!on	
  




                Now	
          !me	
           Future	
  
Ideal
                          future                  vision	
  
                          state!




Aspira!on	
  




                                   The first
                                   “baby step”!
                Now	
          !me	
                    Future	
  
2
Service design can bridge silos
Silos within silos within silos within silos   within silos within silos within …..




                  Banking vs wealth
               Business vs consumer
       $2.5M+       $1M-2.5M        $100k-1M
 Insurance, superannuation, mortgage, credit cards,
     deposits, private banking, branches, online
Pic - Mortgage insurance and mortgage
3
Sometimes, there isn’t a journey
Financial Advice for Affluent customers




Bespoke Financial Advice for High Net Worth Customers
4
I see a framework,
you see a concept
5
 Always in beta
(& start live prototyping early)
capture	
                  deliver	
  
              create	
  
capture	
                  deliver	
  
              create	
  
Role playing a private banking client experience




                                               35
Private Bank ideal client premises




                                      36
Live prototyping with staff
6
              If you squint,
a bank looks like a technology company
If you squint, banks are technology
companies
7
      Technology is important,
but humans still make a service special
Photo of ikea self assembly
8
Always wear two hats:
Designer and Teacher.
Building service design
       capability across the bank

      Learn
             Learn
       By
               Broad
      Doing
             Skills
     PROJECTS
           TRAINING




46
9
Courageous and enlightened leaders
    enable great service design
Vision




   Goals



Where to Win



                 Customer
How to Win     Centred Design




 Measures




                                48
10
Services can face inwards too
In summary …
   1 A journey of a thousand miles begins with the first step
   2 Service design can bridge silos
   3 Sometimes there is no journey
   4 I see a framework, you see a concept
   5 Always in beta (start prototyping early)
   6 If you squint, a bank looks like a technology company
   7 Technology is important, but humans still make a service special
   8 Always wear two hats: designer and teacher
   9 Courageous and enlightened leaders enable great service design
   10 Services can face inwards too
Thank You.

                                       Opher Yom-Tov 
         
   
    National Manager – Customer Centred Design & Innovation
                              Service Design 2011 – May 3

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Designers on the inside

  • 1. Designers on the Inside Lessons from within a large service organisation Service Design 2011 – May 3, 2011 Opher Yom-Tov National Manager – Customer Centred Design & Innovation Service Design 2011 – May 3
  • 2. I work for a bank
  • 3. The wealth management arm of the bank
  • 4. We provide these services Financial planning Superannuation Investment administration Insurance Private banking Managed funds Retirement products
  • 6. Financial services •  Boring •  Conservative •  Risk averse •  Uninspiring •  Design desert
  • 7. Financial services •  Massive impact on people’s lives •  Enables people to live their dreams •  Boring •  Touches 10 million people •  Conservative •  Really big budgets •  Risk averse OR •  Opportunity to transform a conservative •  Uninspiring industry as a shining light to others. •  Design desert •  Incredibly complex •  Highly constrained
  • 8. Financial services •  Massive impact on people’s lives •  Enables people to live their dreams •  Boring •  Touches 10 million people •  Conservative •  Really big budgets •  Risk averse OR •  Opportunity to transform a conservative •  Uninspiring industry as a shining light to others. •  Design desert •  Incredibly complex •  Highly constrained
  • 9. Here’s where the problem starts We sell a commodity
  • 10. $ + $ more Term Deposit
  • 11. $ + $ more + service Term Deposit
  • 12. $ more $+$+$+ Mortgage
  • 13. $ service + more $+$+$+ Mortgage
  • 14. $+$+$+ more $ Superannuation
  • 15. $+$+$+ more $ + service Superannuation
  • 16. $+$+$+ $ more Insurance
  • 17. $+$+$+ $ more + service Insurance
  • 18. Service is our most powerful differentiator
  • 19. only sustainable Service is our most powerful differentiator
  • 20. 10 things I’ve learned as a service designer on the inside
  • 21. 1 A journey of a thousand miles begins with the first step
  • 22. Aspira!on   Now   !me   Future  
  • 23. Ideal future vision   state! Aspira!on   Now   !me   Future  
  • 24. Ideal future vision   state! Aspira!on   The first “baby step”! Now   !me   Future  
  • 25. 2 Service design can bridge silos
  • 26. Silos within silos within silos within silos within silos within silos within ….. Banking vs wealth Business vs consumer $2.5M+ $1M-2.5M $100k-1M Insurance, superannuation, mortgage, credit cards, deposits, private banking, branches, online
  • 27. Pic - Mortgage insurance and mortgage
  • 29. Financial Advice for Affluent customers Bespoke Financial Advice for High Net Worth Customers
  • 30. 4 I see a framework, you see a concept
  • 31.
  • 32. 5 Always in beta (& start live prototyping early)
  • 33. capture   deliver   create  
  • 34. capture   deliver   create  
  • 35. Role playing a private banking client experience 35
  • 36. Private Bank ideal client premises 36
  • 38. 6 If you squint, a bank looks like a technology company
  • 39. If you squint, banks are technology companies
  • 40. 7 Technology is important, but humans still make a service special
  • 41. Photo of ikea self assembly
  • 42.
  • 43.
  • 44.
  • 45. 8 Always wear two hats: Designer and Teacher.
  • 46. Building service design capability across the bank Learn Learn By Broad Doing Skills PROJECTS TRAINING 46
  • 47. 9 Courageous and enlightened leaders enable great service design
  • 48. Vision Goals Where to Win Customer How to Win Centred Design Measures 48
  • 49. 10 Services can face inwards too
  • 50.
  • 51.
  • 52. In summary … 1 A journey of a thousand miles begins with the first step 2 Service design can bridge silos 3 Sometimes there is no journey 4 I see a framework, you see a concept 5 Always in beta (start prototyping early) 6 If you squint, a bank looks like a technology company 7 Technology is important, but humans still make a service special 8 Always wear two hats: designer and teacher 9 Courageous and enlightened leaders enable great service design 10 Services can face inwards too
  • 53. Thank You. Opher Yom-Tov National Manager – Customer Centred Design & Innovation Service Design 2011 – May 3