This Chapter discusses the topic "FinTech”. The financial industry clearly is under construction. Some of the classic proven businesses from the past may disappear, and under the umbrella of FinTech new services for clients appear almost daily.
But what is FinTech after all? What are the risks, the challenges, and the quality of the provider? Is it mostly hype or is it a development that has real value and can be developed further? How should the risks be assessed by banks, the financial markets, and the people?
The chapter discusses possible impacts of FinTech to the industry, to the participants and the financial system overall.
Chair: Sandro Schmid, AAAccell, Co-President SRA
Chapter Manager: Olga Reisenhauer, Stamford Group
Advisory Partner: Karlo Novak, EY
Council: Peter William Cronin, EPAM
Council: Dr. Florian Herzog, former CEO of Swissquant
Council: John Hucker, Swiss Finance + Technology Association
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