Breaking new crypto course for asst managers

1. Karen Wendt MBA
”Finance, Digital Competencies and Women– Thoughts from Business
and Political Perspectives ”
Levers and Challenges
SIF/Kaleidos 18.09. 2018

2. • Helps to survive the pressures of low growth, waning profitability and
tough regulaCon - if banks can adapt to this new reality quickly
enough.
• With Big Data prediction about future credit worthiness of clients
are possible.
• Smart contracts allow for IT based project and contract management
with eliminaCon of human intervenCon.
• Private Blockchain opens new opportunities for banks, increases
efficiency and resilience.
• Behavioral Finance gets more important
Digitalization A Blessing and A Challenge for Banks

3. • New market players (FinTech), open source technologies and new
ecosystems eliminate parCally banks as intermediaries.
• Fintech versus Old Economy - Beat them or embrace them strategies
on the table.
• Coopetition the new Normal?
• Can Financial InsCtuCons come closer to the customer again?
• Business models are dictated b< IT
Digitalization Challenges for Banks

4. • Transactions carried on blockchain-system do not need a third party
(like a bank or a notary public) to confirm their existence or
correctness
• Issue of disruption
• Challenging for service industries including financial system
Blockchain Technology – A Challenge for Traditional
Intermediaries

8. ! The Market Value of Network and PlaUorm Companies has been
increasing exponenCally. We face the Economy 3.0 - where Technology
dictates how we engage and do business, where Blockchain,
Cryptocurrencies and Finance 2.0 become mainstream and disrupt or
enhance convenConal business models.
! Diversity in FinTech, Finance and Tech Cultures adds a 15 to 35% Boost
in Performance by according to studies conducted by the EU. A_racCng
women to the FinTech, Tech, Finance and PlaUorm Industries is key.
What is the Situation in the Financial Industry

9. ! EU has launched own “women in the FinTech ecosystem” approach in
2017.
! Females are underrepresented in finance (25% in senior posiCons*), in
Tech (17% of workforce*), in FinTech we see the compound effect (7%).
Diverse companies are able to take mulC - perspecCves and survive crisis.
Fortune 500 companies not embracing diversity had to exit the market.
Women in Finance and FinTech Ecosystem?

10. • Women need to open up for MINT industries. Politics and education
can help to reduce barriers and encourage women to enter those
industries. Coding, IT and basics of digitalization can be made
mandatory in curricula.
• Ecosystems, Education and Mentoring for women to be encouraged
are key.
Digitalization – Levers and Challenges for Women in the
Industry

12. • New professions* are building around technology that may favor
women
• Community building and Community Managers required to build the
ecosystems
• Marketing, Legal and Compliance require different skills than in the
past but are here to stay for an interim period.
• Qualification levels of the work force in general are augmented. A
permanent learning and growth mindset is required.
• Deep Learning, AI, Machine Learning and Augmented Reality will
have an increasing market share.
Digitalization Levers and Challenges

13. Ecology of Growth Mind
Set
SFTL goes thrive
Coaching Trainings for Females
in Crypto, Blockchain FinTech
and Softskills
FemTech Start Up Lab
advisory in cooperation
with Advisory Board
Creating excellent female
Thought and Do Leaders
ecosystem within the
FinTech, Crypto,
Finance2.0
Social Stock Exchanges
Identifying necessary steps
Start Up
Exchange
Fit4jobs/Growth
Mindset
Brain Leaders
“Projects”
Prototyping Strategy for Social
Entrepreneurship and Social
Economy Finance

14. • Swiss FinTech Ladies (President)
• Crypto-Valley Association Switzerland (Member)
• Senat der Wirtschaft Austria (Ethics Council)
• Scaling4Good Association, Switzerland (Board Outreach)
• EccosScience Association (President)
• Sustainable Development Solutions Network (SDSN)
• CEO of Eccos Impact GmbH
Membership and Board Positions

15. Eccos Impact GmbH
Karen Wendt
Alte Steinhauserstr. 1
CH-6330 cham, Zug
E: karen@eccosinternational.ch
T: +41 41 561 3854
THANK YOU!