Observations on the digital revolution, financial innovation and fintech

Venue: Qizhen Hall, Qizhen Hotel, Zijingang Campus

Speaker: Rober C. Merton, Distinguished Professor of Finance, MIT Sloan School & Nobel Laureate – Economics 1997

Abstract:

Digitalization of financial services, “FinTech”, offers enormous global opportunities for new and improved services and substantially lower costs, with disproportional improvements accruing to those who are underserved by current standards. 

Successful realization of these opportunities faces material challenges and there will definitely be financial service industry “winners” and “losers” from its successful implementation. 

FinTech innovations will create disruptive challenges for users, providers, advisors and regulators of financial services but also create potentially significant opportunities for them as well.

Will today’s technology disruptions to current practice of existing financial-service providers lead to their displacement or will it create enhanced opportunities for them?