Monetizing Digitalization for Traditional and Neo-banks
Date:
Thursday, July 28, 2022
Location:
On-Demand
Duration:
1 Hour
This Tech in Banking webinar will focus on how banks can make a profit out of digitalization. Do nimble neo-banks with consumer-friendly tech have an advantage starting from scratch or does the sheer scale of traditional banks mean they can outspend their new competitors and win in the end? We will look at the different ways different kinds of banks have chosen to try to make money from digitalization, what banks have in common on this issue, and which are likely to be most successful.
During this webinar we will:
Examine the effects of the pandemic in hastening the use of digital banking services for both neo and incumbent banks and how effectively banks were able to monetize this period.
Look at whether the longer-term effects of the pandemic which has seen incumbent banks slash their property portfolio and axe bank branches still further, for instance, will benefit incumbent banks disproportionately in the future.
Discuss whether neo-banks' success in acquiring customers has been matched by their success in acquiring and monetizing their customers' primary account services.
Examine the sheer financial firepower that the likes of Goldman Sachs and JP Morgan can bring to ensure their digital banking operations, Marcus and Chase, become profitable.
Discuss those technological trends which S&P Global Market Intelligence's proprietary research indicates will be most effective in benefiting banks' bottom line in 2022/23.
Jon ReesSenior Reporter – UK Financial Services, S&P Global Market intelligence
Jon Rees is a senior reporter covering UK and European banking and finance, financial regulation and the effects of Brexit, as part of the EFIG team. Full Bio
Jon Rees is a senior reporter covering UK and European banking and finance, financial regulation and the effects of Brexit, as part of the EFIG team. He has worked as a financial journalist on numerous publications and has held senior roles on various UK national newspapers including The Mail on Sunday and Sunday Business. Minimize
Speakers
S&P Global Contributor
Declan FergusonChief Financial Officer, Starling Bank
As Chief Financial Officer, Declan manages the bank’s overall financial operations and is responsible for the financial management of the company, including capital and liquidity management. Full Bio
As Chief Financial Officer, Declan manages the bank’s overall financial operations and is responsible for the financial management of the company, including capital and liquidity management. He also has responsibility for strategic and corporate development activity, capital raising and longer term financial and business planning.
Prior to being appointed as Chief Financial Officer, Declan was Starling’s Chief Strategy Officer. Before joining Starling in early 2017, he trained as a chartered accountant at PwC where he led engagements across corporate finance working on the turnaround, restructuring and sale of European banks as well as on a range of large loan portfolios and other credit-related transactions involving UK and European banks. Minimize
S&P Global Contributor
Sharon ChenSenior Manager Fintech and Financial Services Ecosystems, EY
Sharon is a founder member of the EY Fintech team, lead author of EY's Fintech Global Adoption Index and drives the global and regional fintech EY strategy Full Bio
Sharon is a founder member of the EY Fintech team, lead author of EY's Fintech Global Adoption Index and drives the global and regional fintech EY strategy. Focusing on fintech and wealthtec, Sharon advises start-ups as they grow and supports incumbent firms as they invest, acquire and partner with start-ups. Minimize
S&P Global Contributor
Michael CashmanPartner, Bain & Co.
Michael, a partner in Bain's private equity and financial services practices, focuses on fintech and digital assets along with banking, financial services and wealth management. Full Bio
Michael, a partner in Bain's private equity and financial services practices, focuses on fintech and digital assets along with banking, financial services and wealth management. Prior to joining the firm Michael, who is based in Boston, held various roles at Deutsche Bank, working in restructuring and wealth management arms. Minimize
S&P Global Contributor
Markus SchmausSenior Director & Analytical Manager, Financial Services Ratings, S&P Global Ratings
Markus Schmaus is a Senior Director and Analytical Manager in the Financial Services group at S&P Global Ratings. Full Bio
Markus Schmaus is a Senior Director and Analytical Manager in the Financial Services group at S&P Global Ratings. Based in Frankfurt, Germany, Markus leads a team of bank analysts mainly in Stockholm and Frankfurt, which assigns ratings to financial institutions based in German speaking, Northern and Eastern Europe. Markus chairs rating committees, ensuring a consistent application of respective criteria, policies, and procedures. He is driving S&P Global’s efforts to further assess the “Future of the Banking Market” including the potential impact from digitalization and new market entrants like FinTechs within the “TRIP analysis”.
Before joining S&P Global Ratings in January 2008, Markus worked for 15 years at Deutsche Bank AG, including 13 years in credit risk management in Frankfurt, New York, and London, mainly as global ratings and portfolio risk manager for financial institutions and corporates. In this function, Markus managed the global risk exposures and produced industry and strategy reports for global banking exposures. In addition, he was an executive assistant to the group’s board member and Chief Risk Officer. During his time at Deutsche Bank, Markus also worked on banking and outsourcing projects in Japan and India.
Markus holds a degree in Bank Business Administration (Bankfachwirt) from the Frankfurt School of Business & Finance/Bankakademie. He is married and has two children.
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