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I by IMD Podcasts

Ralph Hamers, are ‘tech companies with a banking license’ the future of finance?

6 hours ago • by Murat Tarakci in I by IMD PodcastsPodcast availablePodcast available

Former ING and UBS CEO Ralph Hamers on leading “banking’s biggest digital transformation” – and why AI may redefine financial advice....

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Former ING and UBS CEO Ralph Hamers joins IMD’s Murat Tarakci to unpack how he led “banking’s biggest digital transformation” – and why AI may redefine financial advice.

Drawing on his experience at two of the biggest banks in the world, Hamers argues that CEOs “cannot delegate what your strategy is, what your brand stands for, how your people behave,” and must personally connect the dots between purpose, strategy, culture, and execution”. He lays out his three-way innovation engine, his vision of banks as “tech companies with a banking license,” and a bold claim that “advice to clients can be better generated through AI than through an advisor.”

He explains why “restructuring is generally a reaction to a burning platform” and how he reframed ING’s future by asking, “what is left from our DNA?” and turning that into a purpose-led transformation story.

Find out more about the Future of Banking.

 

Expert

Ralph Hamers

Former ING and UBS CEO; Chairman of Banking Circle Group

Ralph Hamers is a Dutch banker and business leader best known as the former CEO of ING Group and UBS Group. He spent 29 years at ING, became CEO in 2013, and led the bank through a major digital transformation focused on mobile banking, agile working, customer experience, and platform thinking; ING said he helped turn the group into “a leading digital bank.”

Authors

Murat Tarakci

Professor of Innovation Strategy

Murat Tarakci is Professor of Innovation Strategy at IMD. His research focuses on the social and psychological foundations of innovation and strategy, examining how organizations adapt to and shape their environments. 

Tarakci’s work highlights that winning strategies stem from individuals and teams who think, feel, and care. Hence, understanding why strategies thrive or fail must consider individuals’ cognition, emotion, and motivation. His work also aims to create a positive impact by helping organizations better address societal challenges through a deeper understanding of their behavioral dynamics and mechanisms. 

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