The Fintech Revolution: Navigating the Changing Landscape of Banking Technology
Manage episode 423599857 series 3483458
Our guest is Paolo Sironi. He is the Global Research Leader in Banking and Financial Markets at IBM Institute for Business Value.
In this podcast, fintech expert Paolo Sironi shares his insights with Stephen Lucas on the evolving landscape of banking technology and the fintech industry. They discuss how banks' criteria for purchasing technology and collaborating with fintech companies have changed over the past decade. Sironi also shares his personal journey from banker to fintech entrepreneur to researcher at IBM, leading global banking inflation markets research. The podcast explores the shift from unbundling to rebundling banking services on platform economies to effectively engage customers and generate revenue. They also delve into maturing AI technology and its potential to transform the industry, drawing parallels to the shift from carbon to nuclear power plants.
Takeaways
- The evolving criteria banks use to purchase technology and collaborate with fintech companies
- Paolo’s journey from banker to fintech entrepreneur to researcher at IBM
- Tthe shift in focus from unbundling to rebundling banking services on a platform economy
- Understand the maturing of AI and its potential to transform industries
- The resilience of financial markets due to central bank support
- Strategies for success in the fintech industry
Timestamps
(00:00:00) Navigating the Evolving Fintech Landscape
(00:01:11) Banker to Fintech Entrepreneur to AI Researcher
(00:03:13) Unbundling and Rebundling in Fintech
(00:11:39) AI: The Inflection Point in Transformation
(00:17:06) Strategies for Success in Fintech
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105 episodes