Roubini ThoughtLab-Cisco Wealth 2021-Go Digital or Bust Webinar January 31, 2017
Download as PPTX, PDF0 likes374 views
The document discusses a webinar presented by Cisco and Roubini ThoughtLab on defining digital transformation in the financial services industry. It highlights findings from their research report "Wealth and Asset Management 2021: Preparing for Transformative Change" which predicts that 48% of investors may switch providers by 2021 as the industry grows by $50 trillion and digital technology plays a larger role. The webinar aimed to help financial firms understand needed changes and capabilities to compete in the evolving digital landscape.
Roubini ThoughtLab-Cisco Wealth 2021-Go Digital or Bust Webinar January 31, 2017
- 1. January 31, 2017 Go Digital or Bust: Defining Transformation in Financial Services
- 2. 2© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Why We Are Here The Wealth Industry is Digitizing See and Adapt to the Evolving Trends • Technology is linking billions of people and devices through real-time connections, reinventing how investors communicate, interact, and make decisions. Artificial intelligence and robo advisors, virtual reality, blockchain, and real-time analytics are just some of the smart technologies changing the industry • At the same time, the clients of the future are changing, becoming more digital, and over the next five years, the impact of these economic, demographic, and technological mega changes on the wealth profession will be profound • Cisco and Roubini ThoughLab have partnered to produce the research report “Wealth and Asset Management 2021: Preparing for Transformative Change” to highlight how these trends are changing the industry. We will review the highlights of this report throughout the webinar • Cisco’s Digital Transformation Group can help your firm navigate this change via our Digital Business Roadmap that helps build out the next-generation capabilities your firm needs to compete going forward
- 3. 3© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Steve Ridder Practice Advisor, Cisco Digital Transformation Group Lou Celi CEO and Founder Roubini ThoughtLab
- 4. 4© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential What Is the Research and Why Did We Do It?
- 5. 5© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential What Are the Main Takeaways? Unique transformational research that everyone in financial services should read Disruption ahead: 48% of investors might switch providers as the industry grows by $50 trillion USD by 2021 Digital technology will play a big factor in market leadership
- 6. 6© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Summarized Findings
- 7. 7© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
- 8. 8© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
- 9. 9© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
- 10. 10© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
- 11. 11© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential
- 12. 12© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Conclusion/Call to Action Start with the customer as the agent of change. Think like a FinTech: embrace smarter technologies. Instill an innovation mindset across the enterprise. Create a seamless omni investment experience. Develop a clear path to digital transformation.
- 13. 13© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Where can I get the report? http://roubinithoughtlab.com
- 14. 14© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Embrace disruption – take a business outcome approach to achieving board-level imperatives Ensure you realize the value of your investments and can take advantage of flexible delivery models Cisco’s Business Outcome Approach methodology seeks first to understand the strategic objectives of your organization, look at how they’ll change with the industry trends, and derive solutions which most effectively drives towards that outcome Business Outcome Approach
- 15. 15© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential • Validate Strategic Imperatives • Define measurable business outcomes • Lead discovery workshops • Map out use cases and personas • Develop actionable customer journey maps • Develop Business Architecture Roadmaps; current and future states • Run Value at Stake Models and Business Case development • Drivers, metrics, KPIs • Actively project manage efforts through Customer Success Planning • Design POCs that help accelerate digital transformation Cisco Resources and Business Outcomes Cisco’s Global Business Transformation has vertical financial services practice advisor expertise and resources that help….
- 16. 16© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Cisco.com/go/financialservices www.blogs.cisco.com/financialservices https://www.linkedin.com/groups/3197625w ww.twitter.com/CiscoFSI https://www.youtube.com/playlist?list=PLE4 063C62F022E881 Cisco Financial Services Resources
- 17. 17© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Where can I find more info on #Wealth2022? http://roubinithoughtlab.com/wealth2022
- 18. 18© 2017 Cisco and/or its affiliates. All rights reserved. Cisco Confidential Questions?