Finovate conferences are known for showcasing the most innovate fintech products and helping the industry evolve. This post recaps the emerging FinTech themes as seen in FinovateSpring and what it means for the Financial Services industry
As the PFM/ Wealth management landscape evolves, the role of Financial Advisors is expected to change. This is a look at what it will take for Financial Advisors to succeed in tomorrow’s world.
The DOL fiduciary regulation spells ‘significant change management’ for many incumbent Financial Institutions. Find out how Predictive Analytics insights can make their current change management go further. Video link and link to free Perspective Papers.
Financial Services industry regulations are usually burdensome for Financial Institutions (FIs) to implement. But they provide an opportunity for the FIs to up their ante when it comes to customer experience. With the right client-centric approach, FIs can serve up refreshing lemonade and create loyalty even when they are handed lemons.
Financial Services institutions are eager to jump on the Big Data bandwagon to compete effectively but Big Data may not really help fix their Customer Experience gaps, yet. A focus on using internal data effectively and improved data analytics capabilities may be more effective way to go for now.
As the Financial Services industry evolves, incumbents will need different skill sets to stay competitive. Data Scientists, Product Managers and Customer Experience Strategists can help FinServ incumbents stay relevant and evolve with the industry
The current IBD scenario is like that of a fast moving train, carrying full load of passengers, that suddenly realizes that its wheels need replacing to complete the journey. This blog discusses various reinvention options available to IBD firms.
While Independent Broker Dealer (IBD) firms have seen their share of changes, unless they invest and transform, they may not stay relevant in the coming years. Since the current business model does not support large scale investments, it may be time to rethink the business model.
Broker/Dealers need to look beyond robo-advisors when developing a FinTech strategy to compete effectively in tomorrow’s market place. While robo-advisors seem like an immediate threat, they are just the tip of the iceberg.
Financial services firms have traditionally considered their intangible financial services as products: loans, mutual funds, bonds, etc. If they include technology products in their solution set, it could help them thrive in the future.