FinTech has become the ‘hot topic’ of the decade for financial services, but many banks and credit unions are lost trying to figure out what this new force in the industry means for their institution and its customers.
Noted financial services author and speaker, Chris Skinner, defined the FinTech concept in one of his blog posts:
“I think of FinTech as being a new market that integrates finance and technology. This new market is a hybrid of the traditional processes of finance – working capital, supply chain, payments processing, deposit accounts, life assurance and so on – but replaces their traditional structures with a new technology-based process. In other words, the term FinTech describes a whole new industry.”
This 3-Part FinTech webinar bootcamp is designed to address many of the questions, concerns, and opportunities that FinTech offers and why every bank and credit union must understand this concept if they hope to remain competitive and profitable in the years ahead.
Sign up for 1, 2 or all 3 Parts!
FinTech 101 – Collaboration
FinTech at Your Doorstep – What Can Banks do NOW to Collaborate with Emerging FinTech Companies?
Monday, July 30, 2018
Collaboration is possible between financial institutions and disruptive financial innovators like FinTech companies. According to analysts, FinTech startupsÐ could disrupt 25-30% of the banking system’s value chain. But instead of sending the whole banking reality into chaos, there is real ground for collaboration between FinTech companies and banks.
The question isn’t if these new disruptions will transform banking as they have already started doing so, but rather how to collaborate and partner more successfully within the new financial ecosystem. The new strategy is partnership instead of competition. What is the potential framework for this collaboration?
FinTech 201 – Changing Landscape
How Can FinTech Change the Banking Landscape – Impact on Payments, Wealth Management, Lending, Online/Mobile Banking
Tuesday, July 31, 2018
There are at least 10 FinTech start-ups competing with every banking function and they have the potential to disrupt. “Banking with no banks” would be the future of banking. There is even a new term coined by the social media―“GAFA” banking,
“GAFA” stands for Google, Apple, Facebook and Amazon. With technologies like artificial intelligence, decision models, mobile, etc., every function of a traditional bank is being disrupted. Learning about these technologies help financial institutions to adapt better.
FinTech 301 – Looking Forward
Why the Future Belongs to a Great Collaboration Between Banks, FinTech Companies, and Millennials
Wednesday, August 1, 2018
FinTech companies and banks are competing for the same market – Millennials. While the traditional banking industry has the advantage of experience and an existing customer database, not all the banks have the technology edge or the agility that a new, well-funded FinTech start-up would claim to have.
This does not necessarily mean competition. There is a huge space and opportunity to collaborate and to leverage each other’s strengths. This session will focus on how to win through collaboration.
$549 for all 3 Sessions plus Playbacks*
* Playbacks do not expire and may be shared internally.
3.6 AAP Credits
About the Speaker
Girish Ramachandra is one of the leaders within Wipfli’s technology consulting division, focused on helping companies transform their business through technology innovation. Leveraging vast experience with and knowledge of FinTech, he helps financial institutions, FinTech start-ups and/or scale-ups, and investors to collaborate and establish sound business working models.