Banking Trends: Mathematical Implications

Peter Robin
European Financial Industry Services, IBM
PRobin@ibm.net

Abstract

Banks accross the globe face a significant number of issues which are challenging the traditional approach to delivering financial products to a compliant customer base. These issues include:

• Disintermediation,
• Systematic and random risk,
• Globalisation,
• Regulation,
• New delivery channels (such as the Internet),
• The increasing demands from curtomers,
• The Euro - a `single currency' for Europe.

The paper will explore some of the business problems underlying these matters and suggest avenues that mathematicians might develop to the benefit of all affected. A non-technical, case study approach will be employed.