Welcome to FSI Digital Transformation Weekly Business Weekly by me, Yakov Kofner.
I have 20 years of experience operating and consulting for banks, insurers, and money managers, incumbents and startups, with the main focus on digital transformation. I define “digital transformation” as “accelerating creation-delivery of business value leveraging technology/data capabilities.” Thus, digital transformation’s success is measured by the magnitude of its impact on P&L vs. baseline trend and by the ROI of digital transformation efforts.
The reason for this newsletter is that I find popular digital transformation perspectives too theoretical and biased while proven practices are poorly understood. A typical FSI executive doesn’t know how to measure the outcomes of digital transformation, and those results tend to be underwhelming. Instead of building more effective operating muscles, FSI executives are usually counting on expensive external solutions or more internal buffers
This weekly newsletter will synthesize industry news, debunking myths and identifying proven playbooks for active FSI executives. This newsletter is for you if you are looking to drive a significant measurable P&L impact by transforming your FSI, leveling up yourself and your team while discovering your “blind spots” and being challenged. I haven’t found similar content for FSIs’ digital transformation, but for the discussion of business models, my favorite authors are Jason Mikula and Ron Shelvin.
If you are looking for content about future technologies or the esoteric importance of culture, you are in the wrong place.
Yakov's insight resonates with every CIO I speak to, this should be great