The tendency to estimate linear technological progress and the fact that digital transformation evolves exponentially - power in processing, speed of communication, and storage capacity - has created a gap. A gap between what companies are actually offering and what is possible. Kodak is an example of this - a market leader who failed to realize the existence of this gap, make adequate investments and survive.
Technologies of the fourth industrial revolution - artificial intelligence, machine learning, blockchain, IoT, big data, robotics - are at the foundation of creating opportunities for new business, markets, and innovations. Being a natural product of market economies, disruption should not be feared but perceived as a key growth factor.
Yes, because if a company's competitive strategy would traditionally focus on economies of scale and vertical integration, today the focus is on reinventing the business and producing innovation both through innovation centers and through the incorporation of external innovation developing fragmented top layers.
In the field of financial services, innovation technology has brought many new features to today's society, continuously shaping the process of monetary operations and reducing costs. Fintech's start-ups are a key part of the industry's progress by challenging traditional companies to innovate and collaborate.
The LBC-designed GSI program aims to connect participants with the leading companies and start-ups of the Silicon Valley ecosystem. The 5-day program is built on a basis of presentations, exhibitions of real case studies, discussions with experts, relevant visits and networking moments.
Aware of the emerging challenge for the financial area and in the event that we have a sustainable number of registrations, LBC has built a GSI Fintech program focused on the following themes:
- Mapping and evolution of Fintechs
- Emerging opportunities for installed financial organizations
- Process integration of disruption and risk management technologies - such as blockchain and artificial intelligence
- Creation of internal innovation and development of partnerships with Fintech organizations
- Methods of implementing and maintaining an innovation culture
In addition to the GSI program, LBC has considerable experience in the financial sector at the digital level, involving the digitization of processes in the banking sector, from the redesign, simulation, automation, and process monitoring, using BPM, RA and AI technologies in numerous countries Europeans and Africans.
