Digital Transformation Roundtable by Ilkka Lähteenmäki: Digital transformation in financial services: "The Day after Fintech"
Digital Transformation Roundtable is a series of seminars organised by the Aalto Digi Platform and the Aalto Industrial Internet Campus initiatives.
Map © OpenStreetMap. Some rights reserved.
Welcome to the Digital Transformation Roundtable!
Digital Transformation Roundtable is a series of seminars organised by the Aalto Digi Platform and the Aalto Industrial Internet Campus initiatives. The seminars aim to gather people from different Aalto units and fields of research who are interested in the role of digital transformation in the broad scope of industry, retail, communications, finance, and media.
Thursday 8 February at 10-11:30
Venue: Open Innovation House, Maarintie 6, Otaniemi, 2nd floor at the EIT Digital open space (red sofas). Coffee served from 9:30 onwards.
Ilkka Lähteenmäki
Postdoctoral Researcher at Aalto University
Digital transformation in financial services: "The Day after Fintech"
Abstract:
Innovation in financial services is not new. Recently, when referring to financial innovation, Fintech is the acronym that is used to describe the current phase of financial innovation and digitalization including Fintech based service providers, their business models, and services. Fintech technologies as such are not originated from banking or financial sector but they are generally used technologies through other industries and services. There is a great number of simultaneous new technologies at the moment to affect the transformation in banking services, e.g. blockchain, artificial intelligence, machine learning, robotics, and open interfaces, to mention a few. Therefore, the combined impact on the industry is expected to be stronger than ever before, the internet included. On the application level, Fintech range from embedded delivery systems, to digital currencies, and to anti-money laundering.
Digitalization in general and digital communication technologies especially are changing the ways financial services are produced and delivered. They even change the need base of banking, banking services, and banks. This presentation explores the current changes in universal financial business, the main drivers, and impact on services and business models. The presentation is based on research project headed by DIEM and executed in a wide network of universities and other research institutions.
Bio:
Ilkka Lähteenmäki works at the moment as a researcher at Aalto University. He is also associated with CERS, Hanken as Ph.D. He has over 20 years experience in banking on executive level. His main research interests include banking and financial services development, manager's mental models, and Fintech. He has published in such journals as Journal of Service Theory and Practice, Management & Organizational History, International Journal of Bank Marketing, and Business Horizons.
**
Subscribe to Digiroundtable mailing list and you will receive information of upcoming talks.