The New Status Quo in the Financial Services Ecosystem

By Chris Skinner via

For the second time in the last decade, I have been invited as a Contributing Subject Matter Expert to join in research by the World Economic Forum about how technology is changing banking. These are heavyweight projects involving years of research and hundreds of people.  Therefore, I take the content seriously. Here is the latest release of knowledge (the last report I worked on was in 2009), and you can now call me Chris Skinner, Advisor to the World Economic Forum and the White House.

Wave of change: The new status quo in the financial services ecosystem

New World Economic Forum and Deloitte Consulting LLP report highlights evolution beyond fintech for the legacy financial services industry 

Fintechs have materially changed the basis of competition in financial services, but have not yet materially changed the competitive landscape, according to a new report released today by the World Economic Forum with support from Deloitte Consulting LLP. The report, “Beyond Fintech: A pragmatic assessment of disruptive potential in financial services” explores the main drivers of future change, citing that fintechs represent the first wave in a series of disruptive forces that will likely shape the future of the industry.

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