Saturday, February 6, 2016

Fintech was a big topic in Davos

The future of fintech was a big topic at the recent conference in Davos. Below are three related articles in City A.M. looking at the fintech revolution from a variety of angles. Below the link is a brief quote from each article. The world is in the midst of ongoing change and where it all leads is still very much an unknown.


City A.M. -Davos 2016: Why London fintech can transform the 21st century

"In recent years, there has been cynicism about the objectives of the World Economic Forum annual meeting at Davos, with reports of parties, private jets and closed-door discussions. However, the core purpose of the forum should not be dismissed in an era of global upheaval, tensions and economic uncertainty for billions across the developed and developing world.
This is an important gathering of the world’s political, business, academic and philanthropic leadership – and they have power to make changes to the world’s most pressing issues. But power is useless if you don’t understand at a grassroots level how new ideas and innovations can help communities address three of the key themes at Davos this year: financial inequality, migration and market turmoil.
Innovate Finance is at this event to showcase how financial technology can address these major issues and transform the 21st century."

"Digital transformation is front and centre at this year’s World Economic Forum in Davos. The fourth industrial revolution is on everyone’s lips (and screens).
It’s widely suggested that the world is in the early stages of a new fundamental shift, where digital will transform existing industries and solve some of the world’s most pressing issues. Optimism is everywhere – but are world leaders losing sight of the realities for businesses on the ground?
Because the truth is, businesses don’t share this sense of digital optimism – particularly in the UK."    . . . . 

Davos: Businesses will wither and die if they ignore the coming technological paradigm shift

"It might be tempting to think that the World Economic Forum (WEF) in Davos this week is a talking shop where nothing meaningful happens. You have 2,500 people in the mountains going from presentation to reception to dinner for three days. But the event is a vital way for business, policy-makers and civil society to address the challenges we face now and in the future. The prospect of a new industrial revolution is just one of those challenges."

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