Disruptive innovation in banking: From periphery to core business | University of Oxford

Disruptive innovation in banking: From periphery to core business

Speaker
Urs Rohner
Event date
Event time
17:30 - 20:00
Venue
Saïd Business School
Park End Street
Oxford
Oxfordshire
OX1 1HP
Event type
Lectures and seminars
Event cost
Free
Disabled access?
No
Booking required
Required

The School is happy to welcome Urs Rohner, Chairman of Credit Suisse and Dr. Marc Ventresca to discuss theory and practice of innovating during turbulent times. The banking industry is facing multiple challenges: restrictive regulation, margin pressure, public scrutiny, increasing competition from emerging markets and innovative offerings- once safely at the sector's periphery- gaining traction. With banking culture, business structures and regional focus all changing simultaneously, innovation was long neglected. In 2013, nearly USD 3bn were invested in FinTech start-ups and incumbents are trying to catch up with disruptive innovators in terms of client service, accessibility and pricing models. Can established players cope with innovation pressures or will the "incumbent's curse" prevent them from being successful in the long term?