How can Banks Re-imagine their Business?

 

Rapidly advanced technologies, evolving customer expectations and a changing regulatory landscape (i.e., PSD2) are opening doors to disruptive innovation in financial services. From crypto-currencies to big data to P2P lending, FinTech innovations have captured the attention and imagination of customers, investors and incumbents.

The real financial services opportunities will lie in aggregation platforms that will help customers (B2C) and enterprises (B2B) fulfill their ongoing expectations and changing needs.

This snippet was captured at the annual innovation summit of Mercado Livre Brasil. Mercado Livre's goal is to inspire and equip thousands (10,000 attendees!) of SMBs business owners, entrepreneurs and startup founders - with new ideas, case studies and tools to bring their companies to the next level. During my keynote I gave a few examples of how traditional companies are transforming and re-imagining their business when leveraging the platform business model.

English AOT