Best Selling Author | Fintech Titan | Strategist
- The internet of value and the next ten years in banking
- Digital banking turns traditional banking on its head
- Five things you need to know before you start a digital bank
- The implications on the business model of banks
The internet of value and the next ten years in banking
The Internet of Value or ValueWeb, for short allows machines to trade with machines and people with people, anywhere on this planet in real-time and for free. The internet of value - is a massive shift in finance and service, as money moves from bank to bank into a new direct value exchange person-to-person (P2P). Using a combination of technologies from mobile devices to bitcoin and the blockchain, fintech firms are building the ValueWeb.
- What does this mean for your financial institution, government and citizen; and how do you need to change and adapt to keep up?
- Which new companies are developing and which, if any, should worry you if you are an incumbent bank?
Digital banking turns traditional banking on its head
Banks were built in the 20th century to handle the physical distribution of paper through a localised branch network; now they are being rebuilt as digital structures for the digital distribution of data through the global internet.
- What does this mean for the institutions, staff and organisational structure?
- More importantly, what does it mean for the corporate customers and consumers?
- And, most important, what does it mean for competition, innovation and regulation?
It's going to be challenging, but a great ride, so come along and find out the future of your bank career.
Five things you need to know before you start a digital bankToo many banks are investing in the wrong things!
They have made assumptions about what customers want, where technology is going, how banking works and how all these things come together as a customer proposition. But many of these assumptions are wrong. As a result many banks will start their Digital Bank operations again from scratch in a few years, writing off millions in investments in the wrong things.
This presentation will tell you the five things you need to know before you embark upon your Digital Banking strategy. If you know these five things, you'll get it right.
The implications on the business model of banks
The mobile internet is changing the dynamics of consumer and corporate relationships with their banks. The implication is that banks must become digitised, and that is a challenge as becoming a Digital Bank demands new services focused upon 21st-century technologies. This part of the course covers in depth the digital revolution in banking, with in-depth analysis of the activities of incumbent banks such as Barclays in the UK and mBank in Poland, as well as new start-ups such as Metro Bank and disruptive new models of banking such as FIDOR Bank in Germany. There is also a comprehensive discussion of completely new models of finance, such as Zopa and Bitcoin, and aims to provide a comprehensive guide to the future of business, commerce and finance.
About CHRIS SKINNER
Chris Skinner is known as an independent commentator on Fintech through his blog, thefinanser.com, and as author of the bestselling book Digital Bank and its new sequel ValueWeb. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal.
He is described by Seth Wheeler, Brookings Scholar and Former Special Assistant to the President for Economic Policy at the White House, as "one of the most authoritative voices on Fintech anywhere". His new book is a sister to his last book, Digital Bank. ValueWeb describes the impact of Fintech and how mobile and blockchain technologies are changing the face of finance in building an internet of value. As a result of the emerging internet of value, banks have to become digitalised, and Digital Bank provides a comprehensive review and analysis of the battle for digital banking and strategies for companies to compete.
Mr. Skinner is a regular commentator on BBC News, Sky News and Bloomberg about banking issues; he is on the advisory boards of Innovate Finance, Meniga and Moven; and is a Judge on many awards programs including the Card and Payment Awards and the Asian Banker's Retail Excellence Awards, as well as having worked closely with leading banks such as HSBC, the Royal Bank of Scotland, Citibank and Société Générale, as well as the World Economic Forum.
Who Should Attend?The workshop offers mutually beneficial learning experience for traditional banks as well as innovative banks and fintechs.
- C-Level Executives
- Heads/ Managers Marketing
- Finance Analysts / CFOs
- Executives from Retail Banking
- Operation Directors/ IT Heads
After each presentation, attendees would provide their strategic response to our thinking, e.g. we would make this an interactive day, otherwise why do it? The workshop is tailored and presented as four key segments with, after each segment, facilitated discussion with the attendees to get them to internalise and prioritise actions based upon the discussions of the day. The outcome of the whole day is aimed be a strawman strategic plan for attendees.
During this workshop, Chris will be assisted by experts from PwC Pakistan.
Chris Skinner one of the most authoritative voices on FinTech anywhere has provided us another timely and thoughtful look into the fascinating convergence of technology, e-commerce, and finance that is changing the world. Ignore these trends and the insights here at your peril.Seth Wheeler
Brookings Guest Scholar and Former Special Assistant to The President for Economic Policy at The White House
Society is in the early stages of another financial revolution one that is already changing the way we live and work. This book describes the fundamentals driving the processes at play, and will be an invaluable read for all interested in the way business works.Sir Roger Gifford
Former Lord Mayor of London and CEO, SEB - UK
Chris Skinner has shown how banks must proactively leverage these trends to be future-ready.”Chanda Kochhar
Managing Director and Chief Executive Officer, ICICI Bank
Global payments are ripe for disruptive innovation. Chris Skinner argues, persuasively, that the combined technologies of mobile connectivity and distributed ledgers could deliver just that disruption, for the benefits of billions of citizens.Andrew G Haldane
Chief Economist, Bank of England