Lessons Learned: 50 Years of Information Technology in the Banking Industry – The Example of Deutsche Bank AG

Based on the lessons learned from the last 50 years, statements are derived of which the authors claim that these will continue to be valid in future: Information technology in the banking industry supports business processes – selecting and designing processes will continue to decide about economic success in future. The necessity of handling a growing business volume will still be the major driver for using new information technology in the banking industry. It will be even more important than the aim of reducing costs by automation. Industrialization of IT will also change the use of technology in the banking industry. Hence, banks do not necessarily have to run their systems alone but may outsource services if required. The definition of the major business fields will significantly influence the banks’ IT strategy and, among other factors, will decide on the market success of a bank. Technological development will have an increasing effect on the banking business, will change it, and enable new business models. Successfully dealing with technology-induced changes predominantly depends on a company’s employees

Investment Bank Welfare?

This study produces calculations of the amount of money being dispersed by the government to the 16 primary dealers and investment banks who qualify to borrow through the special lending facilities created in the last year by the Federal Reserve Board under the assumption that each borrows in proportion to its assets. The study then uses Fed data on the interest rate charged for loans from these lending facilities to calculate the potential subsidy in this lending. The report calls attention to the fact that few details have been given about the specific loan amounts, recipients, or collateral posted

The Lonely Romantic : Nature, Education, and Cultural Pessimism in the Early Works of Hermann Hesse

This study examines the early works of Hermann Hesse in the historical context of early twentieth-century Germany. While Hesse’s literary career spans over six decades, most scholarship focuses only on a brief period. Historians study his Weimar novels, as psychologically penetrating pieces that offer insights into this fascinating and chaotic era of German history. Yet, Hesse’s early works have not received due attention in historical scholarship. This situation is unfortunate because Hesse’s prewar writings provide interesting and relevant commentary on life in fin de siècle Germany. Hesse’s early writings offer unique insights into aspects of German culture and society, specifically regarding nature, education, cultural pessimism, and the Great War. As industrial society increasingly encroached upon middle-class life and the natural world, Hesse implored people to slow this destruction and love nature. Even though the German educational system became world famous, Hesse worried that its rigors often crushed the creativity and individuality of young men and women. In such a fast-changing world, many intellectuals pessimistically viewed progress and thought that society was in decline, but Hesse advised against such radical ideas. Finally, Hesse became an outsider during the Great War, as his pacifist commentary stood in contrast to widespread nationalism. This study’s close look at Hesse’s early works will demonstrate that the Weimar image of the author does not allow for a complete picture of the writer or his relevance to German history. When Hesse’s prewar writings are better understood, we will gain insights into the struggles faced by middle-class Wilhelmine society, in a time of drastic change, through the eyes of one lonely romantic and individualistic outsider

Investment Bank Welfare? The Implicit Bank Subsidies in the Primary Dealer Credit Facility (PDCF) and the Term Securities Lending Facility (TSLF) Created by the Federal Reserve Board

This study produces calculations of the amount of money being dispersed by the government to the 16 primary dealers and investment banks who qualify to borrow through the special lending facilities created in the last year by the Federal Reserve Board under the assumption that each borrows in proportion to its assets. The study then uses Fed data on the interest rate charged for loans from these lending facilities to calculate the potential subsidy in this lending. The report calls attention to the fact that few details have been given about the specific loan amounts, recipients, or collateral posted.Federal Reserve, special lending facilities

User, Use & Utility Research - The Digital User as New Design Perspective in Business and Information Systems Engineering

Business and Information Systems Engineer- ing (BISE) is at a turning point. Planning, de- signing, developing and operating IT used to be a management task of a few elites in pub- lic ad-ministrations and corporations. But the continuous digitization of nearly all areas of life changes the IT landscape fundamentally. Success in this new era requires putting the human perspective – the digital user – at the very heart of the new digitized service-led economy. BISE faces not just a temporary trend but a complex socio-technical phenomenon with far-reaching implications. The challenges are manifold and have major consequences for all stakeholders, both in information systems and management research as well as in practice. Corporate processes have to be re-designed from the ground up, starting with the user’s perspective, thus putting usage experience and utility of the individual center stage. The digital service economy leads to highly personalized application systems while orga- nizational functions are being fragmented. Entirely new ways of interacting with infor- mation systems, in particular beyond desk- top IT, are being invented and established. These fundamental challenges require novel approaches with regards to innovation and development methods as well as adequate concepts for enterprise or service system ar- chitectures. Gigantic amounts of data are be- ing generated at an accelerating rate by an in- creasing number of devices – data that need to be managed. In order to tackle these extraordinary chal- lenges we introduce ‘user, use & utility’ as a new field of BISE that focuses primarily on the digital user, his or her usage behavior and the utility associated with system usage in the digitized service-led economy. The research objectives encompass the de- velopment of theories, methods and tools for systematic requirement elicitation, sys- tems design, and business development for successful Business and Information Systems Engineering in a digitized economy – infor- mation systems that digital users enjoy us- ing. This challenge calls for leveraging in- sights from various scientific disciplines such as Design, Engineering, Computer Science, Psychology and Sociology. BISE can provide an integrated perspective, thereby assuming a pivotal role within the digitized service led economy

Innovative Informatikanwendungen : Informatik 2003 ; 29. September - 2. Oktober 2003 in Frankfurt am Main

Tagungsprogramm INFORMATIK 2003 Innovative Informatikanwendungen. 33. Jahrestagung der Gesellschaft für Informatik e.V. (GI) 29. September bis 2. Oktober 2003 Frankfurt am Mai