Banking & Insurance Shapers
24/05/2018 15:30 - 16:15
Banking & Insurance
Traditional powers are chasing customers and Fintech & Insurtech to keep their innovation speed fast enought to satisfy customers demands, like mobility.
New players hold key advantages over traditional institutions, such as freedom from historical tech restrictions and the fees associated with brick-and-mortar branches and in some countries loosed financial regulations that help Fintech & Insurtech flourish. Open Business is leap frogging to an unknown level with the new customer data access allowance.
Some questions answered in this debate will be:
Are newcomers a true threat to legacy companies?
Do customers hesitate to leave a well-known established institutions for a startup?
Are corporate investors increasing their investment in this arena becasue they foresee a brilliant and profitable future or only because incumbents try to bet on the most innovative startups?
Do new players offer better rates and lower fees to customers?
Do they provide more innovative tailored services that match their customers' needs?
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