Digital Disruption in the Banking Sector

Running head: DIGITAL DISRUPTION IN THE BANKING SECTOR
DIGITAL DISRUPTION IN THE BANKING SECTOR
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DIGITAL DISRUPTION IN THE BANKING SECTOR
Executive Summery
The main aim of this paper is to discuss the impacts of the use of advanced technology in the
banking sector. The changes those are happened for the implementation of the digital technology
are called digital disruption. The effect of digital disruption is evaluated in a certain way in this
paper. At first the work centered analysis is evaluated before the digital disruption followed by a
retrospective analysis if the banking system. The work centered analysis is done after the digital
disruption and certain changes are noted. The comparison between the past and present scenario
is done in order to evaluate the advantages of the digital disruption in the banking sector. It can
be concluded from the study that the digital disruption is preferable for the banking sector.

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DIGITAL DISRUPTION IN THE BANKING SECTOR
Table of Contents
List of Abbreviations and assumptions made:.................................................................................3
List of Assumptions made:..............................................................................................................3
Introduction......................................................................................................................................4
Discussion........................................................................................................................................4
Background and problem definition:...........................................................................................4
Work centered analysis:...............................................................................................................5
Work centered analysis of the bank before the digital disruption:..............................................5
Retrospective analysis of the banking system before the digital disruption:...............................7
Work centered analysis of the bank after the digital disruption:.................................................7
Analysis of the new process after the digital disruption:.............................................................9
Recommendations:......................................................................................................................9
Implementation of the recommended plans:..............................................................................10
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

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DIGITAL DISRUPTION IN THE BANKING SECTOR
List of Abbreviations and assumptions made:
WCS- Work Centered Analysis
List of Assumptions made:
The impacts of the digital disruption in a company can be well explained with the help of
WCA. The component of WCA depends on certain factors. The WCA analysis indicates that the
implementation of the digitization can be beneficial for the company.