15:15 – 15:35 Keynote Speaker
- Paolo Sironi — Wealth Management FinTech Analytics – IBM Thought Leader
FinTech Innovation: from Robo-Advisors to Goal Based Investing and Gamification.
The Wealth Management industry is facing a period of profound transformation due to technology, investors’ behaviours and regulation. Wealth Management institutions can build a successful agenda for digital innovation only if they understand the shift from a distribution channel of financial products into a distribution channel of financial advice. This is not easy, and Robo-Advisors are the best representation of this change of approach. Yet, Robo-Advisors themselves cannot move out of the disruption they created if they do not embrace more aggressively the principles and methods of Goal Based Investing. The industry must innovate in FINance and not only in TECHnology, which means to transform the quantitative methods beyond Modern Portfolio Theory to craft a better inter-temporal understanding of the potential future performance of actual products, actual liabilities hence actual portfolios against financial targets (asset values or post-retirement income streams). The professional shift from a market oriented perspective towards a client/portfolio centric definition of the asset allocation can be facilitated by Probabilistic Scenario Optimisation. But risk and return, alias fears and ambitions, cannot enter the new equation if investors and their advisors do not change at the same time their behavioural approach to investing. Therefore, educational Gamification has the potential to become a growing field of innovation, to help educate digital financial advisors and their digital clients, to change their investment behaviour by learning what money is for, how to invest and what to believe in when setting financial goals.
15:40 – 16:00 Keynote Speaker
- Nick Hungerford — Founder and Director at Nutmeg
What will your future wealth manager look like
The world of wealth management is changing: customers demand data faster than humans can produce it; expected returns are lower and there is major fee compression. Robots run quant funds and match human returns. They don’t switch off at night, they don’t get emotional and they don’t demand large bonuses. And they get smarter with age – they don’t lose their memory! What will your future wealth manager look like; could it be a cyborg?
16:05 – 16:20 Pitch
- Alfonso De León — Co-Founder & Co-President at Finizens
Transforming an investment product into a mass consumer one
A major challenge for the last decade and the one to come has been to offer the mass market a simple but effective access to the world of investment. The lack of proper financial knowledge at consumer level, coupled with a poor digital offering, with often unaffordable entry minimums and unjustifiable commissions, raise barriers which are hard to overcome for a majority of the population as it comes to seeking return for their savings and to enjoying a quality, customized and independent investment product.
16:25 – 16:40 Pitch
- Narciso Vega — CEO at Accurate Quant
Accurate Quant – The 1st Quant Advisor Fintech – Providing Institutional Quant Strategies to people
16:45 – 16:55 Pitch
- Jordi Mercader — CEO at inbestMe
Customised smart investment
The Fintech sector is gaining masses of new clients in Europe and Spain thanks to users’ growing demand for transparency and independence and to the low interest rates on tradition banking products. New alternatives to traditional banking such as inbestMefit demand and are highly personalised and diversified, giving clients the right plan for their investment style and financial goals.