Is the Challenger-Banking Model already yesterday’s News? Tom Blomfield (Trinity, Oxford), Founder of Monzo, envisions the “Smart Bank” of the Future – a future where the typical “savings and loan” functions no longer drive how customers choose their banks, any more than making a telephone call is how people choose mobile handsets. Daniel Waterhouse (Jesus, Oxford) Partner at Balderton Capital, a VC firm, and a member of the Board of Revolut, a leading Fintech payments company, develops the theme.
What, then about the rulebook? If old-style “banking” becomes a commodity, what kinds of entities might host your current account in the future? As Monzo transitions from its 115,000 client trial phase to its anticipated full live launch next August,Martin Taylor (Balliol, Oxford) an External Member of the Financial Policy Committee of the Bank of England and a key architect, through the Vickers Commission, of the UK’s 2013 Banking reforms, sets the scene by highlighting some of the implications for the evolving regime of macro-prudential regulation.
This Fintech series of events is convened by Balliol Knowledge Networks in collaboration with the Columbia University Club of London and the Harvard Club of the United Kingdom, and launches a call to action on the future of financial technology.
Aimed at participating alumni who have a serious and substantive interest in the regulatory, execution or financing aspects of London’s ongoing Fintech boom, this launch event is a design session that will fuel a sustained series of workshops, the next of which will be held in May 2017.
While attendance at this initial event is limited to eighty participants, the intention is to expand the participation and scale of these events as the series progresses. This will build a rapidly expanding cohort for active collaboration beyond the habitually closed borders of our separate alumni associations.
Note that this is a strictly ticketed event, no entry at the door.