ATOMs & BITs: Andrea latino’s podcast
How to build a digital bank from scratch
S01E04 – 30 min
In the 4th episode of Atoms & Bits, Andrea Latino hosts Carlo Panella, CDOO and Head of Direct Banking of Illimity. A bank with a new paradigm, characterized by a highly innovative business model.
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“Thinking digitally is a bit like what is happening or has happened, shifting from a traditional economy to sharing economy. It is no longer vital to own a good but to be able to use it for the time I need it when I need it, and paying for the value it gives me at that time, not for all the time I don’t need it.”
What we discuss with Carlo Panella
Nowadays, digital is still considered by many companies as a variable part of their strategy, and it is often perceived only in terms of marketing. This attitude naturally prevents them from absorbing its crucial transformative impact. Illimity, on the other hand, began as a “digital by design” project: a bank with no physical branches. And this requires personnel very different from the classic old-fashioned bank employee.
Here, Carlo Panella and I discuss digitalization and digital transformation in banking, how it has transformed traditional systems, and the architecture of banks that have embraced this new paradigm.
As always, our guest gives three actionable insights to our listeners on preparing for future technological opportunities.
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