6th Annual Summer Kickoff Mixer July 14 at SPACES, Toronto

Economist Webinar (May 24): Bank or Pay? Digital Competition in the Fintech Ecosystem

Economist | May 9, 2022

Bank or pay virtual round table - Economist Webinar (May 24):  Bank or Pay?  Digital Competition in the Fintech Ecosystem

Covid-19 has been a trigger for digital acceleration in almost every industry. Technology has forced financial institutions—under mounting pressure from new competitors such as fintechs and large tech companies—to make or propose regulatory, operational and customer-centric changes.  Bankers echoed that sentiment in a recent EIU survey, where they were most likely to name payment platforms such as PayPal, Alipay and Apple Pay as the non-traditional industry entrants that represented their biggest competition.

See:  Economist Spotlight: Imagining a world without banks

While tech firms have clearly eroded some of banking’s traditional functions, what’s less clear is how bankers plan to respond. Are they altering offers, entering new lines of business, buying technology, lobbying regulators, partnering with potential competitors, or innovating their own technology? How fierce is the competition for talent between banks and tech giants?

On-line Webinar:  (free registration)

Tuesday, May 24 at 10:00AM EDT

Questions we will address include:

  • What challenges and obstacles do they face in innovating their systems and strategies?

  • Does tech play a bigger role now for bank leadership or are they seeing tech more as a competitor than a partner in the post-covid world?
  • What are the main areas where the banking industry is most concerned by digital competition?
  • How can well-established financial institutions rethink their products and services and collaborate across the industry ecosystem to improve the customer experience?

See:  4 Digital Transformation Lessons that Banks Need to Learn from Covid-19

  • What are the implications for the structure of the banking market?
  • What factors should be considered when banks choose between buying or collaborating with fintechs? And what can financial institutions learn from fintechs and neobanks?

Register for this webinar --> here


NCFA Jan 2018 resize - Economist Webinar (May 24):  Bank or Pay?  Digital Competition in the Fintech EcosystemThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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