Introduction to Value Propositions

Joseph A. DiVanna

Chapter Part I in Redefining Financial Services, 2002, pp 1-8 from Palgrave Macmillan

Abstract: Abstract Since the birth of modern banking in thirteenth-century Italy, the role of the financial intermediary has continuously adapted to the changes in social attitudes regarding the exchange of value between parties. Encapsulated in transactions such as usury, investments, insurance, foreign exchange and commercial lending, this adaptation rapidly followed the evolution of technology, usually as a mechanism to supplement the process of intermediating. In each century, the definition of financial services was clear: the role of banking was to broker a transaction as a third party with an implied trust that provided a safe haven for the resulting exchange of value. The banking, insurance, capital markets and other financial sectors represent firms that span the entire spectrum of technology adopters from early implementers to laggards.

Keywords: Business Process; Financial Service; Traditional Bank; Market Entrant; Early Implementer (search for similar items in EconPapers)
Date: 2002
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0721-9_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781403907219

DOI: 10.1057/9781403907219_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().