“FinTech is a mission to change the finance sector from its current state as a monopoly, to a more democratic, transparent sector that really serves customers. I wouldn’t want to be anywhere else, least of all, the traditional finance sector!”
CEO of Kantox, Philippe Gelis, expresses a kind of FinTech manifesto that’s sweeping through tech and finance. It can be heard echoing through the halls at young startups, filling headlines in the media, and even being whispered behind closed doors at major banks and investment firms (Gelis confirms that plenty of young people from Goldman Sachs and more have contacted him about job opportunities). The FinTech forces are alive and strong, and many former banking officials are leaving steady salaries and flocking toward the fledgling startup life – in the name of innovation (or so we think). But what’s really behind these forces, and do they have the power to last for years to come?
Determining the most influential people in banking is not just about social media scores. With this in mind, more than 100 global leaders in the financial services industry were asked to identify the top 'influencers' who are leading the charge in an industry being disrupted. The influencers selected are considered thought leaders on critical topics such as mobile and online delivery, digital transformation, innovation, payments, customer experience and and multichannel marketing.
These days everyone wants to create the next Uber for anything, and the word “disruption” is mentioned across boardrooms and management meetings in nearly all industries. But while discussing the true meaning of disruption and which fintech startups are worth keeping an eye on, incumbents are at risk of overlooking players that once were customers and partners that can quickly become new digital competitors.