Ann: Intiger Market Update, page-659

I having been reflecting on the significance of the timing and industry impact of the nab announcement of 6000 job cuts (driven by focus on automation to replace people to drive down costs) and the imminent launch and trial of boom2 which offers Lilly and Klip automation of key back office services.

This announcement is significant as it provides real industry disruption and greater impetus and urgency for adoption of increased automation in financial services by virtue of nabs size and position in the market.

This in turn has huge implications for IAM as this means for competitors to nab in financial services (which includes in financial planning) will now no longer have the luxury of not willing to consider re-engineering their business and driving increased adoption of automation for back office activities. As otherwise they risk being left behind and losing market share to the innovators and disrupters like NAB. Hence, the whole industry will be waking up and realising the urgency to respond to what nab is doing. And yet IAM will be able to immediately meet some of these types of needs for financial planners with offer of automated soa’s Etc through boom2.

Yes the nab has huge implications for IAM and a case of right time and right place.

This for me is the game changer for IAM and more importantly enabling better positioning for IAM to drive take up for its new boom2 automated service offerings from its pending launch.