Judge me by my Cover: The Future of Banking

In a world where Chinese citizens with Chinese bank accounts can
conduct their whole life on Alipay and WeChat super apps while
outsiders pay cash; where 47% of American consumers are still
writing checks; where people in Africa can pay and obtain
microloans on their mobile phones in an instant – the answer to
the age-old question to the promised land: “Are we there yet?” is
unfortunately “No, not yet.”


In this opening episode of our next series "Judge me by my
cover", Theodora Lau and Bradley Leimer talk to Chris Skinner,
author of the book Digital Human. As Chris Skinner wrote in his
book “The new world is one of transient relationships,
shorter-term commitments and everything online all the time.
However, the financial system is built for lifetime
relationships, long-term engagement, and everything over the
counter.”


If the industry is to thrive in a new environment with
competition from global technology firms, we must leverage the
scale and trust of incumbent banks, agility and focus of fintech
startups. Until recently, a consumer's financial data was
centrally held within their financial institution. But this too
has started to change with the implementation of various Open
Banking initiatives that have evolved through the past decade and
launched within recent years across the globe.


Listen in for insights on future of banking from three Fintech
gurus, Theo, Brad and Chris.


Join us at Money20/20 Europe this June in Amsterdam, as we dive
further into the game-changing stories and trends, driving
forward the global Financial Services, Payments and FinTech
community. Find out more about the Money20/20 Agenda and Stories
by clicking on the links below.


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