Digital Transformation of Financial Industry

Patrick Bucquet, Co-Founder and Senior Partner at Chappuis Halder & Co. participates in Risk Roundup to discuss Digital Transformation of the Financial Industry. Digital Transformation of Financial Industry Thanks to advances in science and technology, fundamental changes are on their way to nations: their government, industries, organizations, and academia (NGIOA). A potential promise of this fundamental change is transformation; a transformation that is creating completely new technology, business, management, and governance models. As seen across nations, in almost every sector, we are witnessing great examples of how technology-driven transformation is redefining the very core of the business, management, and governance models of NGIOA. Uber and Facebook are just some of the great examples. The financial industry is also going through a similar technology-driven transformation. Almost every type of financial activity that we see today, from banking to payments to wealth management, is being re-imagined and re-designed. As digital technology begins to shake up the financial industry workflow and processes, everything is impacted. The tasks that were once handled with paper money, giant computers, and human interaction, are now being completed entirely on digital interfaces, without the involvement of any humans and in a short amount of time and cost-effectively. When new digital competitors, new digital technology, and new consumer expectations begin to impact the financial industry, the question surrounding the industry today is not whether it will be transformed, but how it will be transformed. Time is now to discuss the digital transformation of the financial industry. For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast About the Guest Patrick Bucquet is currently Co-Founder and Senior Partner at Chappuis Halder & Co., with first-hand experience of the transformation of the Financial Industry landscape and the emergence of new services in Europe, Asia, and North America. Patrick is enthusiastically involved in the launch of digital offerings, supporting banks and insurance companies to surf the digital waves. He is Tech-savvy with deep industry expertise, bridging the gap between business and IT to develop powerful and disruptive innovations to transform the FS industry. About Risk Group Risk Group is a leading strategic security risk research and reporting organization. Copyright Risk Group LLC. All Rights Reserved Reference Episodes Machine Learning on Insurance Data to Predict HospitalizationPowering Collective Human IntelligenceCollective IntelligenceCollective Machine IntelligenceSocial Media Based Predictive AnalyticsBig Data Driven TransformationSmart LendingWhat Should Bankers Know About Financial TechnologyPersonal Data OwnershipCloud Computing Driving Nation TransformationBig Data Analytics and Cyber-Security RisksHow will Deep Learning Disrupt Financial Sector?Credit Scoring using Machine LearningFinancial Industry Moves Towards Artificial Intelligence Based MachinesAgricultural RobotsComputational Intelligence & Security RisksBusiness Logic Monitoring and AutomationSocietal Impact of RoboticsEnterprise Digital Intelligence Risks – Need for Smarter Search ToolsNeed for Cryptocurrency Standards The post Digital Transformation of Financial Industry appeared first on Risk Group.