The finance industry is being transformed by emerging technologies. Futurist Jack Uldrich will discuss the opportunities and challenges this could create for banks around the world, with a focus on China.
PALO ALTO, Calif., October 30, 2018 (Newswire.com) - The next decade is hardly more than a year away. What might the world of 2020 look like? How will the banking and finance change? More importantly, how will banking leaders need to change? According to Uldrich, "The answer, in two short words - a lot."
In his presentation at Stanford University today, Uldrich will address leaders with China's CITIC Group about the opportunities and challenges that a rapidly changing world is creating for the banking industry. The many trends and technologies that he believes will have a profound impact over the next decade include blockchain technology, artificial intelligence, advanced analytics, peer-to-peer lending, the internet of things, the sharing economy, electric, autonomous, and shared vehicles, and emerging workforce automation platforms and tools.
The technology that is coming will drive seismic change and deliver paradigm-shattering transformation to nearly every facet of society, including banking.
Jack Uldrich, Finance Futurist
For example, blockchain technology, which is a distributed, digital ledger that is best known as the technology used to create Bitcoin, is already forcing banking leaders worldwide to question business practices that have been the status quo for decades. Heavy investment into blockchain-related technology by some of the largest financial institutions in the world signals just how much it could impact banking in the coming years.
Uldrich says, "The technology has the ability to do more than just disrupt how money is distributed, it has the potential to decentralize the internet by making it easier and more affordable to verify products, contracts and even transactions among individuals."
He continues, "The technology that is coming will drive seismic change and deliver paradigm-shattering transformation to nearly every facet of society, including banking."
In addition to making attendees aware of the major trends transforming the world of banking, Uldrich will explain why leaders must demonstrate humility in the face of rapidly changing customer expectations and disruptive business models. He will then conclude his remarks by identifying concrete actions banking leaders can take today in order to future-proof themselves against “the tides of tomorrow.”
Uldrich is a prolific speaker on future trends in wealth management, finance, and banking. He speaks to dozens of finance groups globally each year, including some of the biggest names in these industries. His clients in the financial sector include Institutional Investor Institute, Banamex, Global Atlantic, Invesco, Thrivent, Atlantic Trust, TD Bank, Wells Fargo, Segal Rogerscasey, Stockbridge, and Questar Capital.
Recognized globally for his insights and engaging keynote presentations, Uldrich has spoken at events around the world, including in Australia, Malaysia, Belgium, Mexico, South Africa, Canada, Indonesia, Malta, India, England, Germany, and Hong Kong. He also has spoken in all 48 contiguous United States and Hawaii.
Parties interested in learning more about Jack Uldrich, his speaking, writing, and research are encouraged to view his website.
Source: Jack Uldrich & The School of Unlearning