Re-imagining the financial institution of the future
The Future of Finance Summit, rebranded from The Asian Banker Summit, now in its 20th year has become the definitive annual event on the themes of leadership in the industry. It asks the hard questions not asked in other conferences, identifies the skills required to steer a course in an age where entire societies are transforming very quickly.
This is a Summit for bold, visionary leaders who are willing to destroy as much as they are willing to create, who know what to give up as much as what they expect to gain. This is the year to take stock of the changes we already understand and ask some of the hardest questions on transformation.
When will banking face its “Kodak moment”?
In 2016, the founder of The Asian Banker gave a speech outlining how Kodak invented the very digital camera that eventually destroyed it. There was a seven year period, where despite the disruption that was already taking place, Kodak’s insistence in continuing with its traditional physical 35mm film business saw a surge in business and share price, before specific events triggered a 10 year downfall. Are traditional financial institutions undergoing a similar period of absorbing the goodwill dividend of the digital economy as a precursor to being destroyed by it. What are the timelines? What will the triggers be? A fascinating to be discussed by a formidable panel.
The financialisation of everything – what is a financial product anymore?
Did you notice that financial products are becoming increasingly ephemeral, divorced from any underlying assets? Digitisation is creating an industry where index funds are cheaper and easier to sell than equity or bonds. Markets are able to financialise almost any asset and create secondary markets of secondary markets. So what do we do with the traditional assets and liabilities? What will the customer buy in future and why?
Is financial intermediation being destroyed or simply re-created?
What went wrong with peer-to-peer lending and investments, is it a redeemable proposition? The proposition itself is not dead, but the players who defined the earlier versions of building platforms that brought buyer and seller, borrower and lender together have gone back to the drawing board. Some redefined themselves into originators for traditional players. Was it because the disruptors defined themselves as the very institutions they sought to replace?
Will blockchain lose its identity?
Taking a look at all the blockchain projects underway around the world, we have to ask ourselves, was blockchain just an evolution of the good old database from its silo days into shared and distributed networks, or will traditional financial institutions allow it to be truly transformational instead of recreating a multiplicity of proprietary systems that defined the industry in the past. How do the real disruptors view financial services blockchains today, and how do these compare with those in other industries? We will cast a panel of non-finance blockchain experts against proponents of the kind of blockchains that financial institutions are pursuing today to determine the truth.
Artificial Intelligence and Symmetry of Deception
Is data vegetate OR an asset?
What can we say about the advent of artificial intelligence and the market for data that can be processed?
What will the next financial crisis look like?
With so much networking and digitisation taking place in all industries, will the next financial crisis simply be a repeat of past asset-based crisis or will it have an impact on a world that is far more networked than we have ever seen before?
Reimagining the financial institution of the future – is there a design? A roadmap?
In Bangkok, Thailand
The Future of Finance Summit 2019 will be held in Bangkok, Thailand, the meeting point between all of the major economies in the region – China, India, Indonesia, Japan and wide open to the global influencers who also seek to plug into the region. This means the story of approximately 3.5 billion people, representing $24 trillion or 30% of the world’s GDP.