About the author: Sean McMahon | SmartBlogs
PayPal CEO Dan Shulman sees change afoot in the financial services industry. While speaking on a panel at the World Economic Forum in Davos, Switzerland, Shulman outlined the 5 trends that are re-shaping the way financial services are conducted around the world.
- Money is digitizing – 85% of global financial transactions are conducted in cash (based on volume, not value).
John Micklethwait, the Editor-in-Chief of Bloomberg, says last year you couldn’t get through any World Economic Forum panel related to finance without someone mentioning regulation. This year the inescapable topic is fintech.
Technological advances are destined to alter how the business of finance is conducted around the world. Are the world’s banks nimble enough to keep pace with the offerings of fast-moving fintech startups?[…] Continue Reading »
Nearly a decade after the onset of the financial crisis and following billions of dollars of costly regulatory reforms, some fundamental questions are being asked about how prepared the financial system is to combat future financial crises. Quite simply: Is the global financial system prepared to fend off another crisis?
The World Economic Forum in Davos is one of the places where today’s leaders in finance gather to ponder such questions.[…] Continue Reading »
Though the title of the panel was “Preventing Future Shocks,” the participants in the Wednesday session at the World Economic Forum annual meeting in Davos spent most of the time looking back at the last financial crisis and analyzing its aftershocks.
Martin Sorrell, the chief executive officer WPP, Plc. says the mentality of consumers has been slow to recover from the shock of the financial crisis.[…] Continue Reading »
Fintech stands to have a profound impact on the financial services industry, but how that impact will take shape was the key topic during Wednesday’s “Transformation of Finance” panel discussion at the World Economic Forum in Davos.
Morgan Stanley Chairman and CEO James Gorman conceded that regulation still crowds on his inbox, but stressed the importance of keeping an eye on fintech.[…] Continue Reading »