GCV editor-in-chief James Mawson closed the second day of the symposium by moderating a discussion on the impact financial technology developers are having on incumbent banks.
The participants were Dominic Maffei, financial markets and UK lead of SC Ventures, the open innovation arm of financial services firm Standard Chartered, and Erica Young, director of venture capital and advisory firm Anthemis Group.
Young and Maffei agreed there was not yet significant disruption of existing financial institutions, and the focus was on collaboration with fintech developers, which had come to Maffei while attempting to disintermediate banks, whereas now they are coming to him offering their data.
Young said…
