What do crusty old bread, jumping off a cliff, King Canute have to do with financial services? They were all part of our #OracleChat conversation with Chris Skinner, chairman of the Financial Services club, Chuck Hollis, senior vice president and technologist at Oracle and Mark Smedley, vice president, financial services at Oracle.
Our chat kicked off with how two of the fastest growing emerging technologies, blockchain and artificial intelligence are being leveraged by financial institutions today.
And the need for speed Chris and Chuck both pointed out. It’s not easy as banks are starting to commit to innovation.
There was quite the debate between our panelists when it came to justifying and investing in new technologies. Start over from scratch, build new, what should banks do to compete?
The most burning question I had for the panelists was, is the next wave of talent and business competition going to be against machines in this era of digitization?
Luckily, both Chris and Mark agreed, that there are other jobs in fintech, blockchain and AI being created every day. As Mark said, machines are definitely no substitution for smart people.
I wrapped up the chat with a final question to our panelists on what their predictions for financial services in 2018 and beyond. We were very honored to have BBVA, leading innovative bank chime in on their focus and thoughts of the next banking evolution.
Chris Skinner said it best, "Battle will be all about data intimacy and the banks that are the most clever with data will win."
What a true pleasure it was to moderate the Apr 9 #OracleChat with this panel of fearless leaders.
Where do you plan to focus on as financial services continue to evolve? Are you on the path to digital leadership and becoming a digital leader?
If you missed our live #OracleChat, take a look at the moment we saved with highlights.