Episode 231: The Bankers’ Bookshelf: Financial Intermediation and Technology: What’s Old, What’s New?

In the latest episode of The Bankers’ BookShelf, host Paolo Sironi engages in an insightful discussion with renowned economist Arnoud Boot. Boot, a professor of Corporate Finance and Financial Markets at the University of Amsterdam and a member of the Royal Netherlands Academy of Arts and Sciences, delves into the European Central Bank’s Working Paper, “Financial intermediation and technology: What’s old, what’s new?” The paper examines the impact of technological change on financial intermediation, highlighting the evolution from traditional in-person banking to digital interactions driven by data collection, AI, and digital platforms. Boot and Sironi explore how these technological advancements are reshaping the banking industry, leading to the disintegration of traditional business models as specialized providers and platforms challenge banks’ roles. They also discuss the limitations and policy implications of these transformative trends.

IBM FinTech Strategy and Author
About the Author
Paolo is one of the most respected voices in the FinTech industry globally, providing business expertise and strategic thinking to a network of executives among banks, insurers, startups and investment firms. Celebrated author on quantitative finance, digital transformation and economics theory, he explores the biological underpinnings of financial markets and how to bolster with technology and business innovation the global economy’s immune system in today’s volatile times.