How will Technology Transform Financial Industry

Patrick Bucquet, Co-Founder and Senior Partner at Chappuis Halder & Co. participates in Risk Roundup to discuss “How Technology Will Transform Financial Industry”.   Overview Thanks to advances in science and technology, fundamental changes are on its way to nations: its government, industries, organizations and academia (NGIOA). A potential promise of this fundamental change is transformation; transformation that is creating completely new technology, business, management and governance models. As seen across nations, in almost every sector, we are witnessing great examples of how technology driven transformation is redefining the very core of the business, management and governance models of NGIOA. Uber and Facebook are just some of the great examples. Financial industry is also going through similar technology driven transformation. Almost every type of financial activity that we see today, from banking to payments to wealth management, is being re-imagined and re-designed. As the digital technology begins to shakeup the financial industry workflow and processes, everything is impacted. The tasks that were once handled with paper money, giant computers, and human interaction, are now being completed entirely on digital interfaces, without involvement of any humans and in a short amount of time and cost effectively. When new digital competitors, new digital technology, and new consumer expectations begin to impact the financial industry, the question surrounding the industry today is not whether it will be transformed, but how it will be transformed for a Digital Global Age. Thus, it is important to evaluate- * What opportunities advances in technology: information, communication, digitization, artificial intelligence, cloud computing, blockchain and internet of things brings to financial industry? * Which financial sectors are most vulnerable to disruption? * What are the main growth drivers of this new fintech ecosystem? * What are the transformational challenges? * What are the associated security risks So, where is the industry going? For more please watch the Risk Roundup Webcast or hear Risk Roundup Podcast About the Guest Patrick Bucquet is currently Co-Founder and Senior Partner at Chappuis Halder & Co., with first-hand experience of the transformation of the Financial Industry landscape and the emergence of new services in Europe, Asia and North America. Patrick is enthusiastically involved in the launch of digital offerings, supporting banks and insurance companies to surf the digital waves. He is Tech-savvy with a deep industry expertise, bridging the gap between business and IT to develop powerful and disruptive innovations to transform the FS industry. About the Host of Risk Roundup Jayshree Pandya (née Bhatt) is a visionary leader, who is working passionately with imagination, insight and boldness to achieve “Global Peace through Risk Management”. It is her strong belief that collaboration between and across nations: its government, industries, organizations and academia (NGIOA) will be mutually beneficial to all—for not only in the identification and understanding of critical risks facing one nation, but also for managing the interconnected and interdependent risks facing all nations. She calls on nations to build a shared sense of identity and purpose, for how the NGIOA framework is structured will determine the survival and success of nations in the digital global age. She sees the big picture, thinks strategically and works with the power of intentionality and alignment for a higher purpo...