Last month’s highly engaging NZ FinTech Summit hosted a diverse range of speakers taking everyone on a journey of discovery and opportunity. Binu Paul, Finnotec shares the common themes that emerged from the summit:
Binu Paul of PocketWise shares an update on the NZ FinTech Summit
Open Banking, Customer Engagement and Cyber Security are just a few of the topics that NZ Fintech Summit 2018 will delve into on Thursday 29 November at the Pullman, Auckland.
Open Banking is still in its infancy in New Zealand. It has notably made some inroads into the institutional lexicon and the boardroom attention span, but is largely a foreign concept to most Kiwis. A classic case of you don’t know what you don’t know.
The point I made in my blog post how technology may impact on the incumbents in the financial services sector, about the need for cultural leadership within large organisations, is still an imperative to leveraging the future for most incumbents. This was also echoed through the day over the various sessions last year, at NZ’s pioneering annual FinTech event series FINNOTEC 2017. That’s one thing I have enjoyed most about putting together FINNOTEC over the years – the opportunity to meet with some of the leading thought leaders in the community both here in New Zealand as well as globally. That opportunity is scaling up even more this year!
Many new digital offerings are becoming available, designed to help financial advisers with everything from risk profiling to customer relationship management and asset allocation.
Binu Paul, managing director of Savvy Kiwi, said advisers should take care before they spent large amounts of money on new systems for their businesses.
“Ultimately any technology adoption decision should be based on what you are trying to achieve. The truth is you may or may not need technology to achieve those goals,” he said.