mis 3090 it for financial services
Download
Skip this Video
Download Presentation
MIS 3090: IT for Financial Services

Loading in 2 Seconds...

play fullscreen
1 / 17

MIS 3090: IT for Financial Services - PowerPoint PPT Presentation


  • 112 Views
  • Uploaded on

MIS 3090: IT for Financial Services. Web-Enabled, Pervasive Brokerage Services. July 31, 2014. Source Articles… . “Web-enabled Transformation of the Brokerage Industry” CACM 2002 “Emerging Business Models for Mobile Brokerage Services” CACM 2004.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' MIS 3090: IT for Financial Services' - yovela


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
mis 3090 it for financial services

MIS 3090:IT for Financial Services

Web-Enabled, Pervasive Brokerage Services

July 31, 2014

source articles
Source Articles…
  • “Web-enabled Transformation of the Brokerage Industry”
    • CACM 2002
  • “Emerging Business Models for Mobile Brokerage Services”
    • CACM 2004
web enabled transformation of the brokerage industry
“Web-enabled Transformation of the Brokerage Industry”
  • New business models are emerging as brokerage industry experiments with emerging Internet technologies
  • Internet and deregulation are main agents of industry change
    • Information dissemination
    • Interactivity
    • Mass customization
    • Collaboration
    • Transactional support
    • Application and information integration
general trends in industry
General Trends in Industry
  • Increasingly virtual
  • 24/7 access
  • Faster, better, cheaper
  • Increasingly global
  • Increasingly wireless, ubiquitous
  • Better interfaces and integration
  • Better networks and databases
  • Increasingly knowledgeable users
business model types
Business Model Types
  • Analysis of 179 firms including brokerages
    • 73 firms didn’t offer online brokerage services
    • 67 Internet and full-service brokerages
    • Study showed 4 distinct business models
      • 3 click and mortar, 1 click-only
business model types1
Business Model Types
  • Inquiry Model
  • Layered Model
  • Discount Model
  • E-Broker
brokerage models inquiry
Brokerage Models - Inquiry
  • A. G. Edwards type
    • Click and mortar
    • Designed for account management and hands-off users
    • No on-line trading
brokerage models layered
Brokerage Models - Layered
  • ML, Goldman, Morgan- Stanly
    • Click and mortar
    • Alternative service options (see ML case)
    • Strengths? Weaknesses?
brokerage models discount
Brokerage Models - Discount
  • Schwab, CSFBdirect, Fidelity, TD Waterhouse
    • Click and mortar
    • Provide resources to clients
    • Disintermediate brokers
    • Discount commissions
brokerage models e broker
Brokerage Models – E-Broker
  • Click only – Ameritrade, Datek, E-Trade, Free-trade, Brokerage America
  • Developed exclusively for the self-directed investor
  • Focused on fast and inexpensive trade execution
emerging business models for mobile brokerage services mbs
“Emerging Business Models for Mobile Brokerage Services (MBS)”
  • Business models focused specifically on mobile arena (MEC)
    • Major trend in society
    • Convergence of web and wireless technologies
    • Extending conventional Web-based services with MEC to spawn a new wave of innovation
    • Brokerage firms struggling to differentiate themselves
    • What are the new business models?
wireless trading or mbs
Wireless trading or MBS
  • Not totally new
  • Internet-based MBS is newer version
  • Attractive because of
    • Ubiquity
    • Localization – very new
    • Wireless trends??
  • Challenges include:
    • Requires additional components
      • Mobile gateway, wireless transport, wireless apps, mobile devices…too many competing standards
mobile devices
Mobile Devices
  • Web-enabled mobile phones
    • Sony, Motorola, Nokia
  • PDAs
    • Palm, IPAQ, PocketPC
  • Two-way pagers
    • RIM Blackberry
mec business models
MEC Business Models
  • 101 brokerage firms in 2002 study
    • 80 did not offer MBS
  • Basic – uniform pricing, vertical platform
    • SieberNet
  • Preference – uniform pricing, multi-platform
    • Ameritrade
  • Incentive – multiple pricing, vertical platform
    • Fidelity
  • Elastic – multiple pricing, multi-platform support
    • Schwab, E-Trade

N.B.: 25% of wired services supported in MBS

schwab case discussion
Schwab Case Discussion
  • Background – Key innovations
  • Use of IT
  • Channel conflicts?
  • Changes in business model?
  • Role of RIAs?
  • Web portals?
    • Enhancements with Web 2.0?
for next class
For Next Class…
  • Read
    • FleetBoston case
ad