Panel discussion
15.00 -17.00 CET, March 3rd 2022
Speakers
Manuela Andaloro, Managing Director of SmartBizHub
Manuela is a senior advisor with 20 year experience in strategic content, marketing and business development. She has held global and regional roles in financial services in Milan, London and Zurich, with responsibilities spanning across project management, communications, digital transformation and stakeholder management, and is passionate about macroeconomics and social change.
Susanne Chishti, CEO & Founder of FINTECH Circle
Susanne Chishti is the CEO of FINTECH Circle, Europe's 1st Investor Network focused on FinTech investments & Europe's leading fintech ecosystem. She is also the Co-Editor of the Bestseller "The FINTECH Book" which has been translated into 10 languages and has sold across 107 countries. She has also been a fintech TV Commentator on CNBC and a guest lecturer on financial technology at the University of Cambridge and Warwick Business School.
Sabrina del Prete, Founder & CEO of Kore Labs and Member of Board of Governors at the London Institute of Banking and Finance
Sabrina is the founder and CEO of Kore, a Financial Technology company based in London. She has over 25 years’ experience in financial markets, business transformation and application of new technologies in banking. Throughout her career, Sabrina has held senior roles at JP Morgan Chase, Barclays, Coutts and RBS. She is actively involved in the entrepreneurial and FinTech community, both as a strategic adviser and as an investor. She currently sits on the Board of Governors of the London Institute of Banking and Finance.
Azzurra Rinaldi, Director of the School of Gender Economics at the Unitelma Sapienza University of Rome
Azzurra Rinaldi began her career as a lecturer and researcher in 2004 at Sapienza and the same year she won a doctorate in Economics and Technologies for Sustainable Development at the University of Foggia. The issues of development and cooperation for reducing the gap between the poorest and richest areas of the world have been at the centre of her interests since the early years of her activity.
She is the author of articles and books on the issues of the gender gap, the economy of emerging countries and tourism, she has participated and participates in national and international conferences to talk about gender and equality.
Sabine Van der Linden, Co-Founder and CEO the Alchemy Crew
Sabine is a highly respected corporate strategist turned entrepreneur.
Sabine is the CEO and Managing Partner of Alchemy Crew a venture lab using open innovation, parallel experimentation techniques, and ecosystem thinking to accelerate the curation, validation, and commercialization of new tech business models. Sabine has over 25 years of experience in insurance.
She was the CEO & a co-founder of Startupbootcamp InsurTech & Hartford’s InsurTech Hub Accelerators where she worked with over 30 corporate insurers, accelerated over 100 startup ventures.
Sabine is a co-editor of the bestseller The INSURTECH Book, a top 50 Women in Tech, a FinTech and InsurTech Influencer, an investor & multi-award winner.
She was appointed as an Honorary Senior Visiting Fellow of The Bayes Business School (formerly Cass) in early December 2020 for her business model disruption work.
Kyriakos Voutsas, Financial Services and Data & AI Transformation Executive, Accenture Switzerland
Kyriakos is a senior advisor with 15 years of experience in the Financial Services industry creating value for Wealth Managers, Universal Banks, Stock Exchanges and Asset Managers as a business transformation executive. Kyriakos has been serving clients, such as UBS, Credit Suisse, SIX/SDX, Bank Julius Bär, Rothschild and Swiss Life, working out of Switzerland and London in the areas of business and operating model transformation, operational excellence, wealth management re-platforming, analytics and digital assets. Kyriakos has led the Accenture Capital Markets business in Switzerland before taking up his current role as the Lead for the Accenture business with one of the Swiss-based, internationally active universal banks. In addition to that role, Kyriakos is leading the Accenture Data & Applied Intelligence business in Switzerland. Kyriakos holds a PhD in Robotics and Artificial Intelligence and has been an advisor to FinTechs that participate in the annual Swiss FinTech Awards competition.
Theme: Wealthtech and AI for increased financial well-being
The wealth management industry is data-rich and relies heavily on the data parsing process, generally performed by humans. Several banks and wealth management services are looking to embed artificial intelligence in their work and financial advisory services to augment – or in some cases replace - the efforts of their advisors, presenting them in the context of relationships within customers, markets, products, and client profiles
At large firms managing massive portfolios, wealth managers might see a reduction in time, costs and an escape from mundane tasks that would involve repetitive data interrogation if AI softwares are used to monitor data to track risks and exposure. They can provide reasoned recommendations after considering clients’ preferences, financial trading trends, and advisory services that human advisors can’t match. Most managers see it as an opportunity to get ahead in the race by moving in the right direction and adopting AI over the next two years.
Artificial intelligence tools help identify investment preferences and provide personalised and curated advice for the client. It tells the wealth manager what the client's attitude towards risks is.
Currently, many advisors still use data from disparate systems to personalize their investment propositions, which must be tediously copied into spreadsheets with manually created formulas. Others standardize certain proposal elements and use them for several clients. Both lead to inflexible proposals and a lot of work. In a market where innovative competitors offer creative personalized services, one thus runs the risk of losing out and with it both assets under management and clients.
AI provides a remedy in many respects, as it can be used in a targeted manner but it should by no means replace the advisory function. Rather, the hybrid approach is now in high demand. A recent Avaloq study shows that both investors with an advisor and those who invest independently value AI-supported services.
• In the age of Fintech, AI, and Big Data, how are wealth techs and wealth tech clients reaping the benefits of a deeply changing landscape?
• Do clients widely accept AI in Wealth Management or prefer a hybrid approach, what is the actual status quo of the industry?
• How does AI in investing work conceptually and in reality?
• Are governments contributing to shaping the shift?
• How smaller firms apply AI in their business, what solutions are best positioned?
• What is the social benefit of AI and big data, what solutions can meet the needs of increasingly common portfolio-careers and longer but less steady working lives?
How can we leverage tech to improve financial well-being and promote inclusion in the current environment?
Can governments, financial institutions, technology and AI help economies to improve the financial well-being of an aging population and reduce the gender pension gap especially in the light of current trends such as “the great resignation” and “the Yolo economy”?
Is the Great Resignation a mass retirement or much more? With millions of people leaving their jobs in 2021, the so-called Great Resignation is underway in our industrialized world. Workers of the industrialized world are re-evaluating how they want to spend their working lives as they navigate a once-in-a-generation pandemic. Taking time to reorient your life is certainly positive, but a rising number of participants in the Great Resignation are young (26-35 and 36-45 of age) may also face unanticipated consequences when it comes to retirement planning, and in the case of women the pension gender gap might widen further.
Recent research from Goldman Sachs’ economists offers a complementary view on the phenomenon: two-thirds of the people leaving jobs in the US have actually been retiring, with many opting for an early retirement and an obvious loss of talent for their organizations. A further exodus of corporate leaders, middle managers and individual contributors is also expected in 2022, a Qualtrics survey of nearly 14,000 full-time employees from 27 countries found.
• How will the retirement plans of millions of people be affected by the Great resignation and the so-called Yolo economy?
• What steps are financial institutions, wealth managers and governments taking to raise awareness on the possible challenges ahead?
• Can technology and AI help framing the current status quo and offer tailored, easy to access, solutions to different segments and different needs?
Join us and our esteemed panel of speakers for one of the most engaging sessions of the year on the FinTech scene!
