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Will FinTech Make Banks Disappear?CHENNAI, India, Feb. 22, 2017 /PRNewswire/ -- Mobile wallets and bitcoin are not the only disruptions for the financial services sector. Digital disruption in numerous ways, like adoption of machine learning, artificial intelligence (AI), blockchain, and big data is changing the way banks, insurance and asset management companies work. Further, IT and Information Technology Enabled Services (ITES) companies are working hard to provide solutions for this new paradigm. In this regard, Frost & Sullivan is hosting its Growth Innovation Leadership (GIL) Council - a Leadership Breakfast Session on Financial Technology (FinTech) and the Future of Financial Services at Frost & Sullivan Chennai on March 3, 2017 between 8-10 AM to provide an orientation on current trends in FinTech, the changing financial services sector, new business models, and growth opportunities for the ITES and the Banking, Financial Services and Insurance (BFSI) industries. This event is targeted at senior leadership in BFSI, IT and ITES companies. For more details and to register for the session, please click here. "Technology is driving the financial services revolution, and while the challenges are substantial the rewards will be huge," said Jean-Noël Georges, Global Program Director, Digital Transformation Practice (ICT), Frost & Sullivan. "The FinTech sector grew six-fold over 2013-2015 to reach an estimated €18 billion, and global non-cash transactions are expected to reach €630.6 billion y 2020. As advanced technologies alter the financial services ecosystem, tech-savvy consumers will seek out players that support accessibility, affordability, and availability." Agenda: Focus Areas of the Session: Who will benefit and how:
Frost & Sullivan's FinTech Practice combines continuous coverage of financial services with deep expertise in vertical markets and technologies to identify how market stakeholders can stay ahead of changes. Our thought leadership areas cover, but are not limited to:
About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the Global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion Media Contact: Twitter: @Frost_MENASA |