hile most new initiatives focus on developing alternative business models often in the form of shadow banking activities timed to exploit the weaknesses of incumbents and designed to circumvent the regulatory hurdles, Standard Tael sees the process of engaging regulators and stakeholders and obtaining a license as a qualifying procedure. The very nature and identity of the New Bank as a Europe based and regulated bank is by design a key differentiating factor.
1 A new Retail & Commercial bank, licensed and regulated in Europe
2Community based, targeting customers deemed less “attractive” by high street incumbents, ethnic minority communities, ZZP’ers, Medical Professionals, eCommerce entrepreneurs, local communities that have a more complex risk profile and less stability in terms of client profitability.
3Over capitalized with high core equity ratio, conservatively funded and matched balance sheet
4No-frills offerings focus on the utility function of a bank, equal access and equal service attitudes towards all clients, proposition differentiation based on actual client needs rather than profitability of the clients.
Link product innovation with community development, funding program through dedicated savings products and specific investment funds for instance.
Direct channels only, without high street branches, instead a state of the art technology platform designed around behavioral preference of clients and communities.
Face to face client contact optimized through customized community activities organized at (Virtual) Community Centers by certified Community Bankers.
Embed "Asian Communities in Developed Economies" into the participation strategy and offerings aiming for sustainable growth into key geographical markets, and using this unique rationale to attract Asia-linked equity investors and creditors based on more sustainable level of expected return.
Modular add-on propositions particularly on the Asset side of the balance sheet to form a Europe based, Asia linked capital platform.
The concept targets growth segments in mature economies.
In short, a niche bank, which combines retail operations with a range of relevant East/West Asset activities, embedded and broadened access for future capital markets capabilities, with diversified funding structure and matching asset strategy.