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Seven Paths to Digital Leadership

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The convergence of digitalization, globalization and consumerization will reshape the investment industry by 2022 according to the latest report published by Roubini ThoughtLab.

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Seven Paths to Digital Leadership

  1. 1. Seven Paths to Digital Leadership
  2. 2. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 2 Executives throughout the Financial Services Industry agree that digital transformation is happening; it’s not a questions of if, but how fast.
  3. 3. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 33 Early adopters will see large performance gains, the laggard penalty is a whopping $73 million per billion.
  4. 4. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 4 “If you don’t master technology, you won’t survive.” On a scale of 1-10, the consequences of our industry moving too slowly on technology is a 12. Matthew Peterson CHIEF WEALTH STRATEGIST, LPL FINANCIAL Francisco González CHAIRMAN, BBVA
  5. 5. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 55 What makes a digital leader?
  6. 6. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 6 Digital leaders perform differently Derive 39% of revenue from digital channels Invest up to 19% of revenue into technology Grew market share by 9% last year from technological applications
  7. 7. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 77 What’s the path to digital leadership? Here are 7 things digital leaders excel at:
  8. 8. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 8 Map out a clear transformation process to stay ahead of the industry in flux. 1
  9. 9. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 9 Nurture a digital culture. Draw on advanced analytics, smart technologies and a keen sense of the customer. 2
  10. 10. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 10 Build a digital team fit for purpose such as managing portfolios, attracting and service clients. 3
  11. 11. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 11 Take customer centricity to the next level with digital first engagement 4
  12. 12. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 12 Rethink strategic priorities and technology usage to stay ahead of the curve. Hint: Look to game-changing technologies such as cloud, blockchain and artificial intelligence to drive growth and customer engagement. 5
  13. 13. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 13 Define your business case claim your place in the future marketplace. Revenue impacts increase and cost impacts decrease as you move up the digital curve. Use graph on key findings. 6
  14. 14. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 14 Shorten time to market by using an open banking cloud platform for digital innovation. 7
  15. 15. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 15 Only 2.3% (35 firms) are now digital leaders. Of 1503 firms surveyed By 2022, 47% are expected to be digitally advanced. 20% plan to be leaders.
  16. 16. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 16 Download the full research study here. Source: Wealth and Asset Management 2022 The Path to Digital Leadership by Roubini ThoughtLab Where do YOU plan to be?
  17. 17. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. 1717 For information on how Oracle can help you with your digital journey visit here: https://cloud.oracle.com/en_US/financial-services
  18. 18. Copyright © 2017, Oracle and/or its affiliates. All rights reserved. Safe Harbor Statement The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle. 18

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