fintech and the future of banking 2019€¦ · fintech and the future of banking 2019 author:...

FINTECH& The Future of Banking

2019

FINTECH FORGE

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1. Technology 2. Data

3. Regulation

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“Technology companies treat data as the asset and products

are how they monetize it; we banks view products as the asset

and data as an afterthought”

- CEO of $1.7b Bank

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Regulatory Rigidity

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Shadow banks fill regulatory gaps?

Piskorski

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What is the job to done here?

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“It is noteworthy that P2P lending is not an innovation in the

product space…” - Balyuk

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Digital Lipstick on an Analog Pig

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Experience Level

Tactical Level

Strategic Level

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The Innovator’s Dilemma

Time

Perfo

rma

nce

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…for Financial Services

Time

Perfo

rma

nce

•Technology •Processes •People •Culture •Regulation

Tension

13

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$100B+ invested in fintech companies in last 5 years

Digital arms race from other incumbents: • New strategies • Acquisitions • Acquihires

Encroachment from adjacent players:

• Retailers/Marketplaces • Tech Companies • Insurance

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Core Strategies & Tactics

Innovation Strategies & Tactics

Extend the Line

Bend the Line

Jump the Line

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Dynamic Fintech

Landscape

Highly Regulated Environment

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Pace

of

Cha

nge You Are Here

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The journey is just begun