Book Synopsis: The financial services industry is being transformed by heightened regulation, technological disruption, and changing demographics. These structural forces have lowered barriers to entry, increasing competition from within and outside the industry, in the form of entrepreneurial fintech start-ups to large, non-financial technology-based companies.
The Technological Revolution in Financial Services is an invaluable resource for those eager to understand the evolving financial industry. This edited volume outlines the strategic implications for financial services firms in North America, Europe, and other advanced economies. The most successful banks, insurance companies, and asset managers will partner with financial technology companies to provide a better and more innovative experience services to retail customers and small businesses. Ultimately this technological revolution will benefit customers and lead to a more open and inclusive financial system.
About Our Speakers:
Andrew Graham is co-founder and CEO of Borrowell, one of Canadaʼs largest financial technology companies. Borrowell helps consumers make great decisions about credit and was the first company in Canada to offer credit scores for free; today, it has more than a million members. Borrowell has won numerous awards, including being named one of the top 100 fintech companies in the world by KPMG. Andrew holds an MBA from Harvard Business School and an MA in economics from the University of Edinburgh. He is a two-time Ontario finalist for EYʼs Entrepreneur of the Year award and has served on the boards of a number of Canadian nonprofits.
Professor Michael R. King is the Lansdowne Chair in Finance at University of Victoria’s Gustavson School of Business. Prior to joining UVic, he held the Tangerine Chair in Finance at Western University’s Ivey Business School (2011-2019), where he co-founded Canada’s first FinTech research centre (the Scotiabank Digital Banking Lab). Before joining academia, he worked in investment banking in Zurich, New York and London from 1990-1998 (Credit Suisse, RBC Dominion Securities) and central banking in Ottawa and Basel from 2001-2011 (Bank of Canada, Bank for International Settlements). Michael completed his PhD at the London School of Economics in 2001 and his CFA designation in 1999. He has taught finance to undergraduates, MBAs and executives. His research focuses on FinTech, banking, international financial markets, and corporate finance.
Richard Nesbitt is CEO of Global Risk Institute in Financial Services, which is building a globally recognized research organization in the management of emerging risks. Richard is also a Visiting Professor at the London School of Economics, United Kingdom, an Adjunct Professor of the Rotman School of Management, University of Toronto, and chair of the Advisory Board of the Mind Brain Behavior Hive at the same University. In 2017, Richard published a book (with Barbara Annis) titled Results at the Top on the issue of men’s responsibility for gender diversity to improve their organizations (Wiley 2017). Richard was Chief Operating Officer of Canadian Imperial Bank of Commerce until he retired from that position in September 2014. He joined CIBC in 2008 following his more than 20 years of experience in the securities industry which included CIBC Wood Gundy from 1987 to 1997
Satwik Sharma (MBA ’16) has spent the last four years in investment banking in Toronto across M&A and Real Estate industry coverage. Prior to Rotman, Satwik worked internationally in a range of roles in the Asset and Wealth Management industry at leading financial institutions including Goldman Sachs, Standard Chartered Bank and HSBC across Asia, Europe and the Middle East. Satwik has been a CFA charterholder since 2016.
Amy Young (MBA ’08), joined Microsoft’s Industry Digital Strategist team in July 2019 where her mandate is to help the firm’s largest financial services clients imagine the art of the possible from digital transformation. Most recently, she led Digital Wealth Partnerships for BMO in Toronto.
For the 12 years prior to that she ran a boutique management consulting firm specializing in the transformation of the wealth management industry. She brings a diverse toolkit of strategic planning, facilitation and program management skills to help financial institutions achieve their growth and innovation objectives.
Amy spent the first decade of her career in capital markets working as an equity analyst and trader. She made the move into industry in 2001 to lead investor relations at a major Canadian software company and later held senior roles in the corporate strategy team at a global utility. Amy holds an MBA from the Rotman School of Management, a BA in English from U of T and is a CFA Charterholder. She has taught Masters-level business communications courses at two Canadian business schools and enjoys mentoring FinTech startups.
Series Host: Rotman FinHub
Questions: firstname.lastname@example.org, Megan Murphy, (416) 978-6122