by Jan May 22, 2019
FinTech describes the digitalization in the finance world. The term is often used to describe companies that have focused on offering financial innovations in the technological or digital field. However, the term actually stands for innovations from the financial sector which are technologically further developed/optimised. These optimized innovations are once instruments and services or innovations that combine exactly these two.
In order to develop new business models, the use of the Business Model Canvas is recommended.Why this is interesting for a Chief Digital Officer (CDO)?
Fintech revolutionizes the financial world. That's why it is important for Chief Digital Officer (CDO).
See also (glossary Fintech)):Chief Digital Officer (CDO)?
Classical industries are affected by the disruptive upheaval. This means that companies have to change into technology companies. This change of business in tech describes BusinessTech. These are often compound words from the classic industry + tech. For example Finance + Tech = Fintech.
See also (glossary BusinessTech):
The business model canvas is the de-facto standard for business models, especially in the digital world. That is why it is important for Chief Digital Officer (CDO).
See also (glossary Business Model Canvas):
- Business Model Canvas
- Business Model
- Business Model Canvas: Channels
- Business Model Canvas: Cost structure
- Business Model Canvas: Customer relationships
- Business Model Canvas: Customer segments
- Business Model Canvas: Key activities
- Business Model Canvas: Key partners
- Business Model Canvas: Key resources
- Business Model Canvas: Revenue streams
- Business Model Canvas: Value propositions
FinTech posts on chief-digital-officers.com:
How Deutsche Bank CDO deals with digitalization
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Bernd Leukert is currently in the position of Deutsche Bank CDO (Chief Digital Officer). Markus Pertelwieser has left the company. Bernd Leukert sees his tasks…
How UniCredit CDO deals with digitalization
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CDO Ulrich Vilgertshofer is the man in UniCredit’s CDO position. Like this his main goal is it to work on the progress of digitalization. Stefan…
My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.
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