What's the 'Big AHA' for the Future of Banking?
The finance industry is being transformed by emerging technologies. Futurist Jack Uldrich will discuss the opportunities and challenges this could create for banking.
MADISON, Wisc., July 30, 2018 (Newswire.com) - Global futurist Jack Uldrich is returning to the University of Wisconsin - Madison to share his insights on the future of banking at their Graduate Banking School - Distinguished Speaker Series. His presentation today is titled Business as Unusual: The Big AHA! and it will focus on the trends transforming the banking industry.
"AHA" is Uldrich's acronym for Awareness, Humility and Action which he says, "are the cornerstone of great leadership." He also says the Big AHA is a "sure-fire way to brace your organization against the transformational trends of tomorrow, today."
Uldrich's insights and frameworks for thinking about the future differently, like "The Big AHA," have given him international recognition as an expert on emerging technological trends and their effect on society and business.
In his presentation today, Uldrich will address the opportunities and challenges that a rapidly changing world could create for the banking industry. The many trends and technologies that Uldrich believes will have a profound impact over the next decade include blockchain technology, artificial intelligence, big data, peer-to-peer lending, the Internet of Things, the sharing economy and advanced workforce automation platforms and tools.
For example, blockchain technology, which is a distributed, digital ledger that is best known as the technology used to create Bitcoin, is already forcing banking leaders to question business practices that have been the status quo for decades. Heavy investment into blockchain-related technology by some of the largest financial institutions in the world signals just how much it could impact banking in the coming years.
Uldrich says, "The technology has the ability to do more than just disrupt how money is distributed, it has the potential to decentralize the internet by making it easier and more affordable to verify products, contracts and even transactions among individuals."
He continues, "The technology that is coming will drive seismic change and deliver paradigm-shattering transformation to nearly every facet of society, including banking."
In addition to making attendees aware of the major trends transforming the world of banking, Uldrich will explain why leaders must demonstrate humility in the face of rapidly changing customer expectations and disruptive business models. He will then conclude his remarks by identifying concrete actions banking leaders can take today in order to future-proof themselves against “the tides of tomorrow.”
Uldrich is a prolific speaker on future trends in wealth management, finance and banking, speaking to dozens of finance groups globally each year, including some of the biggest names in these industries. His clients in the financial sector include Banamex, Global Atlantic, Invesco, Thrivent, Coulee Bank, Signal Hills, Stockbridge, Questar Capital and Farm Credit Bank of Texas, among others.
Uldrich is a frequent speaker on technology, change management and leadership, and has addressed hundreds of corporations, associations and not-for-profit organizations on five continents. Parties interested in learning more about Jack Uldrich, his speaking, writing and research are encouraged to view his website.
Source: Jack Uldrich & The School of Unlearning
Categories: Banking, Finance, Insurance