Banking on the Future: Fintechs Finance Makeover

The Buzz: “Like many technology driven industries, [Fintechs] regulations are horribly outdated, authored at a time when an app meant fries for the whole table, and spam was just canned meat. Imagine running a business under laws written before your industry or product ever existed…Congress directions for regulators about what “banks” are and do are based on how banking worked in the 1970s…Banks, as institutions, do not really exist anymore. Customer activities exist and financial services exist and they are part of a complex and perpetually shifting network of problems and solutions Customers expectations have changed every bit as much for financial services as for the music industry” (fortune.com). We will ask four experts about the future of banking as we know it: Penny Crosman, American Banker; Brett King, Breaking Banks Podcast; Usman Aijaz, Deloitte Consulting; Jerry Silva, IDC Financial Insights. You are invited to join us for Banking on the Future: Fintechs Finance Makeover.