This book, one of three volumes, showcases the effective transformation of companies providing banking and insurance services. This first volume gives a business-oriented introduction to the setting and the current challenges of fintech, regtech, and insurtech and provides an outlook on what will be needed in the future. Specific sub-departments in financial services are examined with a view to accounting, risk, and regulatory segments. The book also addresses the importance of cultural aspects of the coming digital transformation with an eye to requirements that will enable a digital bank or insurance company to thrive in 2025. The angle shifts over the volumes from a business-driven approach in "Disruption and DNA" to a strong technical focus in "Data Storage, Processing and Analysis", leaving "Digitalization and Machine Learning Applications" with the business and technical aspects in-between.

Part I. Market View

Chapter 1. Digitalization Landscape Banking
Chapter 2. Digitalization Strategy
Chapter 3. The Knab Story: How We Turned the Bank Around
Part II. Accounting/Controlling
Chapter 4. The Need for Resilience and Agility in Finance
Chapter 5. Value-Driver-Oriented Planning - Management-Oriented Design and Value Driver Identification
Chapter 6. AI for Impairment Accounting
Part III. Risk Management
Chapter 7. Financial Navigator - A Modern Approach to Analytical Banking
Chapter 8. Actuarial Data Science
Chapter 9. BSDS - Balance Sheet Dynamics Simulator (Application ABM)
Chapter 10. Breaking New Grounds in Non-Financial Risk Management
Part IV. Culture and Projects
Chapter 11. Digi-Cultural Mindset
Chapter 12. New Project Structure - Agile & Scrum
Chapter 13. Hybrid Project Management
Chapter 14. Remote Projects
Chapter 15. Project Management and RPA
Part V. Summary.