FinTech is a major development driver in the banking industry and will be indispensable for the implementation of financial transactions in the near future. For financial advisors, the question arises as to how digital products and FinTech affect their work.
Financial services (Fin) and technology (Tech) have always been closely linked. So it is not surprising that digitization in the past has been driven by banks, asset managers and insurance companies. More than 700 FinTechs in German-speaking countries are accelerating this development.
But how do digital products and FinTech affect the work of financial advisers? Do the associated technologies only change the rules of the game, or are new bases for financial advice created? And what stumbling blocks are there on the way from the classic system to the digital one?
In a presentation at the Professional Profession Congress 2018 in Mannheim on January 24, 2018, Frank Schwab, co-founder of the Frankfurt FinTech Forum and digitization pioneer, explains which changes and challenges are foreseeable in the future. In addition, the expert provides information on how to tap the new potential with the right know-how.
At the present time, it can be stated that investment advice is in a transitional stage. Nevertheless, the "digital transformation" in the consulting industry raises many questions. How will the tasks and working methods of financial advisors change? And to what extent will customer expectations change? In short, what do today's consultants have to expect to be prepared for the business of tomorrow?
In his presentation, Frank Schwab discusses these and other existential questions for the future of financial advisers as to why consultants should know about STP, API, AI, P2P, Robots, Crypto, Blockchain and other developments. Learn about Nicola Pragera and digital assets, John Naisbitt and Mega Trends, Mobile Pay and Danske Bank, KWITT and Sparkassen, Crypto, Bitcoin and Factor 70, ICOs and Neufund, Rob Advisory and niiio, Mobile and savedroid, kapilendo, smava, bitcoin.de, goldmoney and Fidor Bank, new KPIs, diffusion of innovation and the future.
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Digital Transformation in Investment Consulting Fund Professional Congress 2018, Mannheim, Germany
1. Digital Transformation in Investment Consulting
Frank Schwab, Mannheim
FrankSchwabSpeaks.com
Danske Invest: Fonds Professionell Kongress, 24th January 2018
2. Irving Fisher,
Professor of Economics,
Yale University
Stock prices have
reached what looks
like a permanently
high plateau.
1929
67. Because of its API infrastructure Fidor Bank could already integrate more
than 20 partner into the customer account
The open API infrastructure enables value added
services in Fidor’s SMART customer account
Examples:
Precious metals– Goldmoney
Social Lending – SMAVA
Foreign currencies– The Currency Cloud
Fidor Bank offers more customer centric online
functionalities than any other bank, real time, and at
significant lower costs
68. New banking services built on new technologies
Crowd P2P Crypto
Cloud API
^
AI MobileBlockchain Platform