Main goal of the Institute
Nobody can deny that things are fundamentally changing. We are dealing with a ‘perfect storm’, meaning that we see fundamental and rapid changes in technology, economy and society at the same time. Keywords are agility and resilience, which means that organisations (as well as individuals) have to be close to the developments, they need the skills and resources to act, react and pro-act and they must be able to deal with tough competition. This is not the way banks have traditionally been operating and so they have to re-invent themselves. It is time for Next Generation Finance and Next Generation Value Creation. As Bill Gates already said:
we need banking, but we don’t need banks. That is the reality that banks are facing and that’s why they have to change to avoid becoming obsolete.