Beyond Fintech: Bionic Banking

Bionic organization theories face a funding gap, but the digital transformation has enabled them to become business realities. This book explores how a bionic organization can be defined and its fundamental elements in the case of banking, proposing a new conceptualization of the business model on the Business Model Canvas framework. It also includes case studies to demonstrate the reality of bionic financial services.

Format: Hardback
Length: 271 pages
Publication date: 12 April 2022
Publisher: Springer Nature Switzerland AG

Enterprise management theories surrounding the concept of the "bionic organization" currently face a substantial funding gap. Bionic theories have primarily been applied to the enterprise lifecycle due to the similarities between economic organizations and organisms. The digital transformation has brought about advancements in the bionics research field, enabling us to discuss bionic organizations as tangible business realities where humans and machines, particularly robotic process automation systems and artificial intelligence tools, collaborate in executing operations.

This book aims to define and examine the fundamental elements of a bionic organization in the context of banking. Specifically, it delves into the two pillars of bionic enterprise: technology and humans, as well as the core objectives and outcomes. To provide a comprehensive overview, the book proposes a novel conceptualization of the business model of a bionic organization using the Business Model Canvas framework. Ultimately, the study of bionic organizations seeks to uncover how they have evolved in the post-pandemic phase as a result of the disruptive events triggered by the pandemic's spread.

The research for this book was conducted using a qualitative and descriptive methodology, with the primary objective of expanding our knowledge on the topic by drawing from the existing literature. To substantiate the reality of bionic financial services, the book includes case studies. The organizations observed in the study were selected based on their possession of some of the key traits identified by the bionic enterprise theory. The book demonstrates that the bionic enterprise theory can be further enriched by incorporating the conceptualization of.

Weight: 508g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030962166
Edition number: 1st ed. 2022