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<h2 class="hd hd-2 unit-title">Expanding the Role of Banking</h2>
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<p><!--StartFragment--> <!--EndFragment--></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-align: left; direction: ltr; unicode-bidi: embed; mso-line-break-override: none; word-break: normal; punctuation-wrap: hanging;">Throughout this course we have emphasized the fact that banks play a critical role in building the future because they help determine which projects get funded and which ones do not. In order to build a more just and sustainable future, banks may need to further expand their role as intermediaries, actively building networks and fostering new ideas.</p>
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<h3 class="hd hd-2">The Future of Banking</h3>
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<p><img src="/assets/courseware/v1/15edb3fa4fce8114e5982eb219032615/asset-v1:MITx+11.405x+2T2020+type@asset+block/5.09_FutureBanking.png" alt="Future of Banking lecture graphic" type="saveimage" target="[object Object]" preventdefault="function (){r.isDefaultPrevented=n}" stoppropagation="function (){r.isPropagationStopped=n}" stopimmediatepropagation="function (){r.isImmediatePropagationStopped=n}" isdefaultprevented="function t(){return!1}" ispropagationstopped="function t(){return!1}" isimmediatepropagationstopped="function t(){return!1}" width="947" height="710" /></p>
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<h2 class="hd hd-2 unit-title">Voices from the Field: Thomas Jorberg</h2>
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<p>In this video we will hear from Thomas Jorberg, CEO of GLS Bank in Germany, about how new regulations and digitalization are affecting how the bank thinks about the future.</p>
<p><strong>Please note:</strong> This interview is in German. If you wish to view the English subtitles, you can click either of these buttons on the video player:</p>
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<h3 class="hd hd-2">Interview with Thomas Jorberg</h3>
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<p><strong>Biography</strong></p>
<p><strong>Thomas Jorberg </strong>is CEO and speaker of the Board of GLS Bank in Germany. After apprenticeship in banking with GLS Bank from 1977 to 1980 he studied economics at the Ruhr-Universitat in Bochum. He has been employed with GLS Bank since 1986, is member of the Executive Board since 1993 and became CEO in 2003 with responsibilities in the following divisions: human resources, public relations, marketing, lending sector, overall bank management. He is furthermore responsible for affiliated companies within the GLS Group and therefore member of the Executive Board of GLS Beteiligungs AG (since 1995) and of GLS Energie AG (since 2003). He has been member of the Supervisory Board of Elektrizitätswerke Schönau, an ecological electricity supplier since 2005. In 2009 he was elected member of the Supervisory Board of Hannoversche Kassen, an ethical-social oriented insurance company.</p>
<p class="p2">Thomas Jorberg is cofounder of the Global Alliance for Banking on Values (GABV) and has been member of the board since 2009. In 2013 he was elected member of the University Council of Ruhr-University Bochum. In 2010 he was awarded the B.A.U.M Umweltpreis (environmental award) for his contribution to use money as a means for shaping society. In 2011 he received the German Fairness Award of the Fairness-Stiftung for his outstanding fair and responsible governance.</p>
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