Monday, July 27 | 4:30-5:30 p.m.
Speaker: Lee Wetherington
LendingClub buys Radius Bank. Google offers checking accounts. Smartphones get neural chips. If you read the trades, you might think community banks have been disrupted only recently by FinTechs. Or BigTechs. Or Artificial Intelligence (AI). But true disruption in community banking stretches back more than 50 years. Without understanding the history of that disruption, it’s difficult to forecast what current shifts in technology mean for the future of banking in the U.S….and what to do about it. Will the consolidation of branches create financial deserts? Can community banks differentiate themselves strategically against MegaBanks and new competitors? Can relationship-based business models be restored and extended in digital channels?
Join Lee Wetherington for a review of the most important techs and trends shaping the next decade:
- The convergence of branch and digital strategy
- The rise of personal (not just personalized) digital banking
- The real-time reboot of everything (payments, lending, deposits)
- UX imperatives for the 2020s: the mundane and the meaningful
- Data wars: control vs. privacy vs. convenience (why Visa paid $5B for Plaid)
- Platform-as-a-Service (PaaS) enables Banking-as-a-Service (BaaS): so what?
- Embedded banking vs. “Every Company Will Be a Fintech Company”
- Are you future-ready? Minimum viability and actionable strategies
Annual School Session
Second Week Keynote