Innovation theme

Financial Services Reinvented

New technology is rapidly disrupting traditional business models in the financial sector. Innovations like blockchain propose radical new paradigms. How will innovators use these new tools in finance?

EXPLORE
THE NETWORK SECTION

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Innovation theme

Financial Services Reinvented

New technology is rapidly disrupting traditional business models in the financial sector. Innovations like blockchain propose radical new paradigms. How will innovators use these new tools in finance?

EXPLORE
THE NETWORK SECTION

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The rewards of financial innovation

We have entered a new era of finance. The needs and wishes of consumers are changing, leading to fractures in traditional business models. Meanwhile, new fintech concepts and mobility innovations are quickly reshaping the financial playing field.

As the technologies of the new world replace the intermediaries of the old, financial institutions risk losing substantial revenue to the digital vanguard. The game is on for innovators great and small to claim their place in the future or fade into history.

EXPLORE
THE FINANCIAL SERVICES REINVENTED CONCEPTS

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MEET
THE FINANCIAL SERVICES REINVENTED JURY MEMBERS

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EXPLORE
THE FINANCIAL SERVICES REINVENTED NEWS

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HEALTH &
WELLBEING

SEAMLESS
TRAVEL &
TRANSPORT

FUTURE
FOOD SOLUTIONS

CIRCULAR
ECONOMY

PERFECT
CITIES

FINANCIAL
SERVICES
REINVENTED

SAFE & SECURE
SOCIETY

DELIGHTFUL
CONSUMER
EXPERIENCE

CLEAN &
AFFORDABLE
ENERGY

INTELLIGENT
ENTERPRISE

SKILLS TO
SUCCEED

CORPORATE
INNOVATION

HEALTH & WELLBEING

FUTURE FOOD SOLUTIONS

PERFECT CITIES

SAFE & SECURE SOCIETY

CLEAN & AFFORDABLE ENERGY

SKILLS TO SUCCEED

SEAMLESS TRAVEL & TRANSPORT

CIRCULAR ECONOMY

FINANCIAL SERVICES REINVENTED

DELIGHTFUL CONSUMER EXPERIENCE

INTELLIGENT ENTERPRISE

CORPORATE INNOVATION

Reshaping finance through blockchain innovations

Every day, trillions of transactions flow through the global economy. Keeping this money moving is an expensive, time-consuming affair. In addition, many of these transactions are vulnerable to fraud and corruption. As our global economy grows, these costs and risks will grow with it. There is another option, however: innovations in blockchain technology have the potential to reshape finance.

In the hands of savvy innovators, blockchain’s open, distributed ledgers offer massive opportunities to cut costs and save time. Financial infrastructure costs may be reduced by as much as 30%, saving billions, while blockchain tech can cut the settlement time of transactions down from days to hours. The technology’s potential as an agent for payment innovation only adds to its attractiveness, as it will allow financial innovators to completely reshape business models and redefine our economy.

Developing innovative insurance and pension plans

While it is important to develop innovative solutions for our global financial infrastructure, we must also consider the changing needs of consumers and rethink traditional services accordingly. All over the world, people are getting older. New advances in medical technology will keep us healthier well into old age. But longer lives and better health create new financial pressures we must deal with.

In order to cover these costs, we will need to develop innovative insurance and pension services that can replace failing traditional models. At the same time, we must find ways to give these transactions more personal meaning. Although we are surrounded by a digital world, modern consumers crave tangible experiences that translate to real benefits. Financial services have long struggled to bridge this gap, but innovative fintech will give us the tools to make that meaningful connection.

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GET STARTED

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