The banking, finance
and insurance sector is being disrupted
by new entrants and technology forcing a
centuries old industry into the digital era.
The future of financial services lies in a collaboration
model between established banks and insurers and new disruptive fintechs. The most
significant transformative force in financial services today is without a doubt
technology, closely followed by the millennial consumer with different needs
and new expectations. Technology, regulation, consumer behavior and cyber crime
will all fundamentally alter the financial services landscape in the near
The millennial consumer, with rapidly changing needs and
demands, represents a dramatically changing consumer with 33% of millennials
believing they won’t need a bank in 5 years, while 50% are counting on
start-ups to overhaul the banking landscape.
While these clients are savvy and communicative and leave a
digital footprint, the ethics around the use of client data remains a grey
area. Newer entrants have a distinct advantage in their ability to analyse and
utilise data, even though they may have less of it.
However, newer entrants don’t have effective distribution
channels, established brands or regulated platforms. Collaboration
opportunities between financial services incumbents and fintech offerings would
deliver these clever, agile and cheaper solutions to the market, while
providing the key elements the new entrants lack. The majority of fintech start
ups are enablers in the value chain that are not trying to build disruptive
businesses. Collaboration is important as it brings the best of the two worlds
together, and can change the financial services world.
Moderator: Dominique Collet, Senior
Investment Executive – RMI and Head of AlphaCode
"Disruptors must be certain their value
proposition is at least ten times
better than what the incumbents could do themselves. It can’t just be something
they could build in-house in a year - it must be a compelling offering.”
Speakers to be confirmed shortly.
Discounts: Receive a 20% discount when booking for 5 or more.
Companies interested in sponsoring this conference can contact Katie Kilpatrick on firstname.lastname@example.org