Stumbling Giants: Transforming Canada's Banks for the Information Age

Stumbling Giants: Transforming Canada's Banks for the Information Age

Patricia Meredith James L. Darroch / Jul 18, 2019

Stumbling Giants Transforming Canada s Banks for the Information Age Canada s big six banks weathered the financial crisis very well Their adherence to tried and tested twentieth century products and services made them a safe harbour in the financial storm However

  • Title: Stumbling Giants: Transforming Canada's Banks for the Information Age
  • Author: Patricia Meredith James L. Darroch
  • ISBN: 9781442649514
  • Page: 242
  • Format: Hardcover
  • Canada s big six banks weathered the 2008 financial crisis very well Their adherence to tried and tested twentieth century products and services made them a safe harbour in the financial storm However, as the modern global information economy continues to develop, the banks must confront their innovation crisis, or they will fail.In Stumbling Giants, Patricia Meredith anCanada s big six banks weathered the 2008 financial crisis very well Their adherence to tried and tested twentieth century products and services made them a safe harbour in the financial storm However, as the modern global information economy continues to develop, the banks must confront their innovation crisis, or they will fail.In Stumbling Giants, Patricia Meredith and James L Darroch embark on an audacious and startling examination of Canada s big banks With banks earning forty percent return on equity from traditional retail banking, pressure from investors with short term interests has discouraged technological innovation and adaptation Meredith and Darroch reveal the socio technological disruptors threatening the banks three primary product divisions lending, wealth management, and payments and offer innovative yet realistic recommendations for improvement Meredith and Darroch s new vision for the Canadian banking industry involves a broad cross section of Canadians policy makers, regulators, customers, suppliers, investors, and bankers and is a call to action for all interested stakeholders to work together in creating a banking system for the twenty first century.

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      Posted by:Patricia Meredith James L. Darroch
      Published :2018-09-11T01:56:07+00:00

    About "Patricia Meredith James L. Darroch"

      • Patricia Meredith James L. Darroch

        Patricia Meredith James L. Darroch Is a well-known author, some of his books are a fascination for readers like in the Stumbling Giants: Transforming Canada's Banks for the Information Age book, this is one of the most wanted Patricia Meredith James L. Darroch author readers around the world.


    143 Comments

    1. An eye-opening survey of the banking industry in Canada. Protected by the regulatory system against competition the banks have seen little incentive to innovate. Their core business remains highly profitable as long as competitors remain on the periphery.Technology - Banks are not reinventing themselves as technology companies and find themselves being outflanked by companies that are aggressively developing software, particularly in the mobile segment.Mortgages - Brokers have been working on di [...]


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