Search for tag 'financial services'

ING Direct USA reinvented banking in the States and in the process rose from a crowd of over 12,000 banks to become one of the 30 largest banks by assets and deposits in the States. The company revolutionalised the American retail banking industry with a simple savings bank model, built around the customer. Nevertheless, the company faced a tough period during the financial crisis. What went wrong? Has ING Direct been able to recover?

Niels Bohr once said that if all scientific knowledge would be lost and we were to pass only one sentence to the next generation that we should pass the information that matter is composed out of atoms. In this paper we would like to present another fact that might be equally important for the survival of our species and welfare.