Banks and FinTechs: Obsolescence or Bridges | Online
About this event
Established banks are burdened by legacies of 40-year old technological infrastructure and patch-work layers built on increasingly unstable foundations. Shiny new FinTech upstarts have new stable infrastructure but not the gravitas of the Grand Dammes to be true challengers - yet.
A panel that brings Boston-based leadership from banks and direct-to-consumer FinTech providers to discuss if FinTech firms will infuse new DNA into banks, or just change the paradigm?
{Context: The analogy I have is about cities. New York is the iconic, grand damme of cities. Still shiny for many people, but its aging infrastructure will need a miracle to be upgraded to millennial expectations. Dubai is another iconic city, fundamentally built on new/current technology, giving it an infrastructure that is almost futuristic.
Can we look at financial services providers with the same lens? The idea is not completely new, of course. Still, I've heard the dialogue around this occur independently within the two factions -within banks and FSPs, and amongst the new FinTech providers. I would like to bring both groups to table and introduce dialogue to give us a cross-pollinated view of the potential.
This event is part of: Boston FinTech Week 2018: Moving Beyond Volatility
Fasten your seatbelts! Volatility is back and we don't just mean in the markets. Join us for an exciting week diving deep and interacting with experts building robust tech for financial services. Founded and organized by FinTech Sandbox with incredible support from Quovo, OpenFin, Arizona Commerce Authority, Eastern Bank, Envestnet Yodlee, Moody's Analytics, Wells Fargo, Transunion and General Assembly. Explore events at https://bit.ly/2AUdtVQ
