financial services at the edge

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Financial Services at the Edge AIST Young Super Network Stephen Huppert, Partner Deloitte @stephenhuppert

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Page 1: Financial services at the edge

Financial Services at the Edge

AIST Young Super Network

Stephen Huppert, Partner Deloitte

@stephenhuppert

Page 2: Financial services at the edge

"Computers in the future may weigh no more than 1.5 tons.“ - Popular Mechanics (1949)

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Everything in this 1991 RadioShack ad exists in a single smartphone.

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The arrival of digital technology — the synthesis of computing and

communications technology — marks the advent of one of the most

ubiquitous generally applicable technologies the world has ever seen. Its

impact has been, and continues to be, revolutionary for most industries,

altering business operations and resulting in major productivity gains.

Financial System Inquiry Report released 7 December 2014

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“I used to say that this is the most important graph in all the technology business. I’m now of the opinion that this is the most important graph ever graphed.” —Steve Jurvetson

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Robo Advisors

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https://www.youtube.com/watch?v=fAl2FDFR7VM

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Peer 2 Peer

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Peer 2 Peer links:

https://heyguevara.com/

http://www.societyone.com.au/

http://www.zopa.com/

https://www.investup.co/

https://www.crowdcube.com/

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The Internet of Things

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https://vimeo.com/93142574

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Telematics

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Internet of Things links:

https://www.samsung.com.au/sdrive

https://www.aiavitality.com.au/

http://insurancebox.com.au/

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Big Data and Analytics

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There are two sources of Competitive Advantage:

• Learn about your customers faster than your competitors

• Put that learning into action faster than your competitors

Jack Welch former CEO of GE Capital

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https://www.youtube.com/watch?v=XT-gOFRHRFc

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Social Media

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Social Media links:

http://www.socialpay.me/

https://www.8securities.com

http://www.etoro.com/

http://www.socialpay.me/

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It’s all about the customer

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Tom Goodwin Senior Vice President of Strategy and Innovation at Havas Media.

The Battle Is For The Customer Interface

Uber, the world’s largest taxi company, owns no vehicles

Facebook, the world’s most popular media owner, creates

no content

Alibaba, the most valuable retailer, has no inventory

Airbnb, the world’s largest accommodation provider,

owns no real estate

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https://vimeo.com/113291574 https://vimeo.com/113291574

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"Investor concern over the threat of new technologies is overstated." —Blockbuster analyst report, 1999

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Contact

Stephen Huppert

Partner

Deloitte

[email protected]

au.linkedin.com/in/stephenhuppert

@stephenhuppert

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About Deloitte

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in 140 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's 150,000 professionals are committed to becoming the standard of excellence.

Deloitte's professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities.

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/au/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms.

About Deloitte Australia

In Australia, Deloitte has 12 offices and over 4,500 people and provides audit, tax, consulting, and financial advisory services to public and private clients across the country. Known as an employer of choice for innovative human resources programs, we are committed to helping our clients and our people excel. Deloitte's professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities. For more information, please visit Deloitte’s web site at www.deloitte.com.au.

Confidential This document and the information contained in it is confidential and should not be used or disclosed in any way without our prior consent.

Liability limited by a scheme approved under Professional Standards Legislation.

General information only

This presentation is provided as general information only and does not consider your specific objectives, situation or needs. You should not rely on the information in this presentation or disclose it or refer to it in any document. We accept no duty of care or liability to you or anyone else regarding this presentation and we are not responsible to you or anyone else for any loss suffered in connection with the use of this presentation or any of its content.

© Deloitte Touche Tohmatsu, 2013. All rights reserved.