Technology, Internet and Telecoms Group
Building the next leading bank
Tuesday 1 November
This event is sponsored by Olswang LLP
Banking is being changed forever. The internet and mobile devices offer a myriad of new ways for consumers and businesses to access financial services and information. New companies focussing on specific aspects such as transfers, foreign exchange, current accounts, credit cards management, robot advisors, crowdfunding and P2P lending are emerging with significantly better services, taking market share from incumbent banks.
CEOs of challenger online and mobile banks make strategic use of new technologies that are part of the new infrastructure such as enhanced security, analytics and big data and blockchain. Established banks have been slow to react, but are very large and powerful, so they are fighting back.
The regulatory and macro-economic environment is more volatile than ever. Brexit, negative interest rates and balance sheet stress tests are amongst the challenges that have to be addressed by all banks.
Key questions for the panel:
- What will a bank look like in 10 years?
- Will there always be physical branches?
- What are the challenges of building a new bank now?
- How are you addressing the regulatory and macro-economic issues?
- Who will be the leaders?
- How fragmented or integrated will the financial services industry be?
- What are the technological challenges?
Our panel includes:
Anne Boden, CEO and founder of Starling Bank. Prior to Starling, she was Chief Operating Officer of Allied Irish Banks Plc and Head of EMEA, Global Transaction Banking across 34 countries for RBS and ABN AMRO. With more than 30 years’ experience in banking, Anne began her career at Lloyds Bank, before moving on to Standard Chartered Bank and then UBS in Zurich. Anne was recently recognised as one of the Global Power Women in FinTech. She holds a BSc in Computer Science and Chemistry, an MBA and is a Fellow of the Chartered Institute of IT.
Giovanni Daprà is Co-founder and CEO of MoneyFarm. He is a great believer in technology and a lover of finance and believes that a better customer experience comes from these working together. It is with these principles that Giovanni co-founded MoneyFarm to deliver the best solutions to protect and increase an individual’s wealth over time. As CEO of MoneyFarm he is focuses on creating a culture of innovation that always starts from the customer. Prior to MoneyFarm, Giovanni worked in the Global Market Division at Deutsche Bank AG. He graduated from Bocconi University with a degree in finance and has an MSc in Mathematical Trading and Finance from Cass Business School.
Tom Foster-Carter (MBA 09D) is the Co-Founder of Curve. Tom has lived and breathed Financial Services for nearly 15 years. Curve is his second London Fintech – previously he helped build Osper, which is shaking up the children’s banking space and has raised over £10m to date. Prior to Osper, he spent a number of years helping banks with their strategy and technology at Bain & Company and Accenture. Tom split his INSEAD MBA year between Singapore and Fonty and has strong views that the food was better in the former but the wine was better in the latter.
Ricky Knox (MBA 03D) is a serial entrepreneur and investor. He has built five technology disruptors in fintech and telecoms, each of which also does a bit of good for the world. Ricky is building the customer champion digital bank of the future, but has previously disrupted remittances with Azimo and Small World (the sixth largest remitter in the world), FX and mobile telecoms. He is also Managing Partner at Hexagon Partners, a specialist private equity firm which invests in financial technology.
VENUE Olswang LLP
90 High Holborn, London WC1V 6XX
Nearest tube: Holborn
TIME 18:30 for 19:00
COST Members £25 / Members’ guests (non INSEAD) £35
REFRESHMENTS Wine and canapés