At the last Business and Financial Times Most Respected CEO event , i spoke on a panel with 3 top banking CEO’s and 1 Venture Financing Expert .
My submissions at the event included the following :
-Digital transformation is not just about creating a web front end for existing organisations products, it is about designing and redesigning for the digital experience .
it is also about looking at the segment of customers that lend themselves easily to the mobile(USSD/SMS) and digital .
-Innovation/disruption is less likely to come from within the banking industry and banks should consider the creation of venture vehicles to find and acquire fintech startups in order to drive innovation within thier ranks
-Banks should consider the provision of SME tech platforms to enable them collect data on SME’s to better help in the design of products
See Video of my submission below ;