Technologies enabling banking disruption

Annu Augustine (Product Manager), Prodigy Finance

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Banks are traditional businesses with a long history that has remained unchanged. They are associated with painful customer experiences, complex processes and lack of transparency. There are alternative ways to do banking today, examples range from mobile money platforms like M-Pesa(almost half of Kenya's GDP is sent through M-PESA) to lending platforms like LendingClub. Banks with their legacy infrastructure and regulatory burden are struggling to catch up. They are becoming componetized and a new cohort of startups are attacking every component of banking. In this session, we will look at technologies that are enabling the unbundling of banks.

Entrepreneurialism and Business / Solo / Impart wisdom / Enabling / Intermediate

Event: CapeTown

Hashtags: #fintech

Speaker country: South Africa

Speaker qualifications:

I have worked in the financial services industry for over 10 years now. I have been involved in the development of a number of technology products ranging from a mobile money product to a marketplace lending platform. I am passionate about using technologies to improve customer experiences and operational efficiencies in financing industries.

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