Past sibos: Toronto 2017

As the financial services industry and Fintechs work ever closer, where does that leave BigTech

17 October 2017
14:00 to 15:00
Main conference session Conference Room 4

As the financial services industry and Fintechs work ever closer, where does that leave BigTech

Chief Evangelist
OpenMarket
Moderator
Head of Digital Channels, Analytics and Innovation, Treasury Services. Head of Blockchain, Corporate and Investment Bank
J.P.Morgan
Senior Vice President, Operations & Technology - Director, Architectre and Innovation Chief Architecture
Northern Trust
Global Head of FIG
HSBC
CEO
Pendo Systems
Financial Services Chief Technologist
Hewlett Packard Enterprise

Collaboration between the financial services industry and FinTech ventures continues to gain traction, opening up exciting opportunities for both. The rapid progress being made in areas such as big data, artificial intelligence and machine learning is increasingly being seen as an opportunity rather than a disruptive threat. Working in partnership enables the industry and its customers to benefit from the latest innovations while giving fledgling technology firms access to the financial strength and scale needed to commercialise their bright ideas. Many financial services firms are also making targeted acquisitions in the sector and investing heavily in developing ‘home-grown’ capability. With the industry increasingly embracing FinTech, what does that mean for the long-talked of push into financial services by BigTech players such as Google, Apple and Facebook? Although some BigTechs have established payment services they are still largely reliant on using traditional banking partners. If financial services firms and FinTechs are able to successfully lever their combined strengths by working together, how will that impact on BigTech’s prospects for establishing a major presence in the sector? Could they still achieve that alone or would they need to also work in partnership and with whom?

Public workshop
17 October 2017
14:00 to 15:30
Public workshop Workshop A
18 October 2017
14:00 to 15:30
Public workshop Workshop A
Main conference session
17 October 2017
14:00 to 15:00
Main conference session Conference Room 2