Article #3: Embracing A Pattern of Change - Business Model Innovation across Banking, Insurance and Asset Management

In this third article of our thought leadership programme around the transformation of Financial Services, we are focusing on how new business models are emerging.

In this article, written by the Economist Intelligence Unit and sponsored by Mazars, we explore how new models of financial intermediation appear to emerge, with the potential to trigger a break-up or unbundling of financial services as customers know them today.

Alongside new players will be new business models. In the first two articles in this series, we focused on how technology change and regulatory change are reshaping financial services. In this article, we focus on how new business models are emerging. “I’m seeing more change during the last two years than I did in the previous ten years. It’s a ‘must’ to transform–not just to improve, but to really transform,” says Vincent Bastid, CEO of Efma, the European Financial Management and Marketing Association.

As we will see, business model change is playing out at different rates and in different ways across the three key pillars of financial services: banking, asset management, and insurance.

Please click below to download the article or visit the dedicated microsite on


Transforming FS_Article 3_business models
Transforming FS_​Article 3_​business models