Trading platforms, big data analytics, peer-to-peer lending, crowdfunding, and blockchain are some examples here Corporate and Institutional Capital Markets are being transformed. Can banks build their own proprietary technology to compete? What kind of alliances or consortiums are taking shape to share investments, create common standards, and scale? Which new Fintech companies are having success? What are the challenges around Information Security and stability?
Millennials now account for 40% of the global adult population and their wealth is predicted to double by 2020. Digital wealth, robo-advisers, on-line lending, trading, and mobile capabilities are offering consumers more cost effective and efficient methods to manage finances. Can traditional services still appeal to millennials? What impact will the Consumer Financial Protection Bureau and the Department of Labor Fiduciary Rule have on the new and existing service providers?
The Financial Services Industry has a costly technology infrastructure that is a complex combination of vendor and proprietary legacy software. This backbone of recordkeeping, processing, analytics, data warehousing, computations, and communications has been developed over multiple decades when time-to-market was a higher priority than integration and discipline. It’s a formidable challenge to keep up with changing regulations, audit and security requirements, cost constraints, and product enhancements. Competitors starting with a clean slate and new technologies can leap frog traditional players in certain products and markets. Which upstarts are gaining traction? How important is capital? Will blockchain deliver?