Fintech has proven it can find quicker and easier ways to do day-to-day banking. It’s not yet proven it can deliver that innovation to end users through incumbent owned structures and processes. On the contrary, early use cases suggest culture clash is inevitable and integration painful; with the very real risk of a PPI-scale pay out in the event of a data breach or service outage.
Yet with time-to-market pressures, and the encroach of various non-bank giants (Google, Facebook, Apple, Amazon etc), few incumbents can risk going-it-alone.
Join Global Data analysts, Steve Walker and Ruby Ghunia, as they discuss how to overcome the so-called â€˜fintech problem’.
They introduce criteria for assessing would-be partners based on disruptive potential, strategic fit and evolutionary stage. Discuss how robust tech due diligence should determine the optimal level and type of integration on a case-by-case basis. They conclude by identifying long-term strategic changes required to succeed in the age of partnership illustrated by new case studies.
Whether you are an IT vendor, Fintech provider or incumbent bank/insurer, this session will help you understand partnership-led transformation means for you and your business.
Stephen Walker ,
Lead Analyst, Digital Banking
Stephen Walker leads Global Data’s Digital Banking Tech Practice. Prior to joining GlobalData, he was a digital banking analyst at Forrester Research, where he helped develop various online and mobile banking functionality benchmarks, and led a playbook of research on Digital Money Management (DMM).
Prior to that, Steve was a banking analyst at Corporate Executive Board and a Research Manager within Lloyds bank’s Strategy division. He holds an MSc in Global Politics from the London School of Economics and a BSc in Management from King’s College, London.
Ruby Ghunia ,
Analyst, Digital Insurance
Ruby leads GlobalData’s Digital Insurance practice. Her role covers all areas of digital transformation strategy, with recent consulting projects on big data & advanced analytics, Internet of Things (IoT), cybersecurity, InsurTechs and digital channels.
Recent syndicated content includes Blockchain in insurance, core systems transformation and cloud computing. Ruby participates actively in industry forums, regularly chairing discussion panels and speaking at key industry event.