May 16, 2020

Five speakers not to miss at Paris Fintech Forum 2020

Fintech
revolut
Starling
revolut
Amber Donovan-Stevens
4 min
The Paris Fintech Forum is just days away. FinTech Magazine shares its five favourites for the keynotes at the Paris FinTech Forum 2020



The Paris Fin...

The Paris Fintech Forum is just days away. FinTech Magazine shares its five favourites for the keynotes at the Paris FinTech Forum 2020 

The Paris Fintech Forum is days away and with over 250 speakers across 7 stages, you’re spoilt for choice. FinTech Magazine shares our five favourites due to speak at the event.

1. Kathryn Petralia - Kabbage 

When Tuesday 28th 10:15AM-10:40AM

Where Stage one

[image: Kathryn Petralia and Rob Frohwei, Kabbage]

Kathryn Petralia is the President and cofounder of global financial service for small businesses,  Kabbage, and is a FinTech favourite for the Paris Fintech Forum. Petralia has launched a number of successful startups, served as Vice President of Strategy for Revolution Money and was named one of Forbes’ 2017 World’s Most Powerful Women. 

Petralia will be speaking alongside Philippe Gelis, CEO and co-Founder, Kantox and CEO of the Paris Fintech Forum, Laurent Nizri, on “Working with a bank, let’s speak the truth: the fintech Point of View.”

For more about Kabbage, take a look at our profile from 2019.
 

2. Anne Boden - Starling 

When Wednesday 29th 10:35AM-11:15AM 

Where Stage one

Anne Boden, CEO, Starling Bank, is a FinTech favourite and one of the most prominent names across the challenger banks Today. Boden is considered an unusual individual in fintech as her career is grounded in 30 years of traditional banking, but took a shift in recent years as she began to look at technology and how it might transform the industry.

Boden, who founded Starling in 2014, will be a keynote speaker at this year’s event, discussing banking, regulation and security in an open world. She will be giving the talk alongside Frédéric Oudéa, President of the European Banking Federation, José Manuel Campa, the Chairperson of the European Banking Authority (EBA) and CEO of the Paris Fintech Forum, Laurent Nizri.

For more about Starling Bank, take a look at our profile on the bank from 2019.

3. Nik Storonsky - Revolut 

When Tuesday 28th 10:35AM-11:15AM 

Where Stage one

Nik Storonsky is something of a fintech celebrity, and his one-on-one interview with CEO of the Paris Fintech Forum, Laurent Nizri, is not to be missed. Storonsky founded UK company Revolut in 2015 as a way to combat foreign exchange transaction fees and as of April last year the fintech was worth US$1.7bn.

For more about Revolut, take a look at our profile on the bank from 2019.

SEE MORE: 

4. Yoni Assia - eToro

Morning: 

When Tuesday 28th 9:50AM-10:30AM 

Where Stage three

Afternoon:

When Tuesday 28th 4:50PM-5:40PM

Where Stage one

Yoni Assia is the CEO of the world’s largest social investment network, eToro. As social media becomes even more embedded into our daily lives, Assia’s innovation during the social revolution places him as a FinTech must-see at the Summit. There will be two opportunities to see him.

In the morning he will be discussing the topic “What would we need to change in European regulation to foster innovation & growth in the financial services?” joining him is: Joan Burkovic, CEO & Co-founder, Bridge, Diana Paredes, CEO & Co-founder, Suade Labs, and Wim Mijs of the European Banking Federation. Alessandro Hatami, managing partner, Pacemakers,  will moderate the event.

In the afternoon he will discuss Blockchain and digital assets with Elizabeth Rossiello , AZA Finance, Eva Kaili , member, European Parliament, Roland Folz , CEO, solarisBank, Martin Kassing, CEO, Upvest. Oliver Bussmann, CEO, Bussmann Advisory will moderate the event. 

5. Lisa Frazier - Wells Fargo

When Wednesday 29th 4:20PM-5:00PM

Where Stage one

Lisa Frazier is the head of Wells Fargo’s Innovation Group, an enterprise-wide organisation at the forefront of fintech innovation, specialising in Artificial Intelligence (AI), Distributed Ledger Technology (DLT), research and development (R&D). Needless to say, we are sure she will have an interesting thing or two to say! 

She will be discussing corporate innovation in the finance industry with Arnaud Caudoux , Deputy CEO, BPIFrance (France). Mark Bloom , CTO, Aegon and  Ramin Niroumand, COE, Finleap. Moderating the event is Elliott Gotkine, CEO of Elliott Gotkine.

For information on the event, check out our flash guide. For where to find the stages on the day, check out the Forum map.
 

For more information on all topics for FinTech, please take a look at the latest edition of FinTech magazine.

Follow us on LinkedIn and Twitter.

 

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Jun 10, 2021

FIVE things fintechs must do to keep investors onboard

Fintech
Investment
venturecapital
AI
Brandon Rembe, CPO, Envestnet...
5 min
Fintech innovations drew in first-time investors who reshaped the markets. What new advancements will help them continue their rise?

New investors flocked to the stock market during the COVID-19 pandemic. Thirty-eight percent of investors said they had never had a brokerage or similar account before opening one in 2020.

Low or no-fee trading options have helped accelerate the trend – nearly half of new investors said they accessed their account primarily through a mobile app. As FinTechs, how do we create the trust needed to keep new investors in the market and create a fruitful customer experience for them?

The financial industry does a disservice to individual investors if we merely offer tools that focus on making money quickly, an approach that usually backfires. Instead, the surge of interest presents an enormous opportunity for those who want to help more consumers use financial technology to educate them on responsible spending, saving, and investing in order to achieve financial wellness current fintech tools have welcomed individual investors in the door.

Now, it’s time to focus on education and improving their experience going forward. There are several ways those of us in fintech can step up to shape the future of retail investing so that it works better for everyone, starting with the following areas.

Equal access to financial wellness education

Financial health should be available to everyone — but today, not everyone has the educational resources to achieve it. One study shows that only 3.9% of students from low-income schools were required to take a personal finance class. What they aren’t learning in school or from family members, fintech companies can provide on their platforms.

The companies should move from solely offering financial services to a more responsible model of education, advice, and prescriptive choices to help consumers develop better habits and make wiser financial decisions. Not only can they empower consumers and bridge historical wealth divides, but they can also stimulate growth by opening up new consumer segments.

More personalisation

Just as we’ve come to expect that our fitness routines are tailored to our individual bodies, we’re also ready for finance tools that go beyond one-size-fits-all solutions. But only six percent of financial institutions say they’re using the kind of technology that allows them to deliver a deeply personalized experience. Fintech tools need to reflect that financial success looks different for each of us.

For one consumer, it may mean providing guidance on how to pay off student loans early; for another, it may mean prescriptive actions that enable them to stick to a budget for the first time; for a third, it could look like prioritizing environmental, social and governance (ESG) investments, so that her portfolio aligns with her political beliefs.

Now, we are seeing financial technology beginning to meet the demands of personalized finance in a substantial and meaningful way.

The rise of AI-Powered Advice

Big-picture advice and predictive guidance used to be a feature of high-end financial advisory firms — a perk only available to those who could afford it. But thanks to rapid advancements in data analytics and artificial intelligence (AI), that kind of holistic advice is now more accessible than ever. AI-driven robo-advisors can parse many different streams of financial information, delivering customized answers to key questions: Is it time to buy a home, or is it smarter to keep renting? Can I afford to take out another student loan?

Intelligent connectivity powered by AI can anticipate consumers’ needs and next steps, making proactive suggestions that guide them along the path to financial wellbeing. Fintech companies can also help consumers identify when their financial picture becomes too complex for a robo-advisor, and help them find a human financial advisor to meet their needs. 

Focus on financial mental health

New investors are quickly finding that the market can be overwhelming. That’s not surprising, financial anxiety is common and studies show that financial stress can have an impact on mental health for some.

It’s not enough for fintech companies to give retail investors access; they also must provide the guidance and support that help consumers manage their financial well-being. Educational tools can ensure that consumers are well informed about their options.

Predictive analytics can anticipate consumers’ questions, serving them key information and insights before they ask. Features that emphasize a comprehensive notion of financial well-being, rather than short-term wins and losses, can also help ensure that consumers are keeping their eyes on the bigger picture.

Gamification for good

The surge of gamification apps has done an impressive job making investing as engaging as playing a video game or joining a social media platform.

Much of the current use of gamification emphasizes short-term thinking, but there’s also an opportunity to help consumers think more broadly about their overall financial picture. One example is peer benchmarking, a feature that enables help consumers to see how their financial habits compare to those of friends and fellow consumers.

Gamification can also be used to incentivize making smaller, smarter choices — for example, rewarding saving over making an impulse buy.

The future of fintech is about more than just broadening access to the markets. It’s about making sure more individuals have access to the tools that can help improve their financial well-being—in the ways that suit their own circumstances and needs. The potential to act within their own set of individual priorities, with their long-term financial wellness in mind is much more empowering to a consumer than simply relying on short-term, high-risk investments.

About the author: Brandon Rembe is CPO at Envestnet Yodlee. He has over 18 years of experience building high-growth technology, software, and information service companies, Brandon has worked across a broad spectrum of enterprises from early-stage ventures to global businesses.

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