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Finance Future and Innovation

Henry OzianyiRegional Finance Manager , East and South Africa

Personal ContactFace book: FinancialMattersTwitter: Financesmatters

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Courtesy:SAP

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Finance and Innovation

Distributed ledger systems—such as the blockchain technology underlying bitcoin—and mobile payment systems provide “compelling alternatives” to traditional banking.

Peer-to-peer lending will erode deposits – cut the middle man (Bank)

Crowd-funding puts pressure on intermediaries..connect start-ups with potential investors, offering individuals the potential for higher returns

Robot advisers turn up the heatAutomated wealth management services to rival traditional bank channels

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Finance and InnovationLoss of skillsYoung fin-tech companies carry out several processes such as risk modelling, transaction monitoring or data collection which could lead to potential loss of core skills in their workforce, leaving finance institutions less able to offer a “holistic”, all-encompassing service.

Trading gets riskier as it becomes more electronic“intelligent machines will replace largely human activities”. As machines take a bigger role, errors will have a large impact, with even small errors in data having large consequences.

New market platforms make institutional products less attractiveThe report notes that the growth of the new platforms which use technology to connect buyers and sellers in traditionally illiquid markets—such as trading of shares of private companies—is diminishing the role of intermediaries, such as banks.

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Some Disruptive quotes

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Life Long Learning

Lifelong learning : is the "ongoing, voluntary, and self-motivated" pursuit of knowledge for either personal or professional reasons. Therefore, it not only enhances social inclusion, active citizenship, and personal development, but also self-sustainability, rather than competitiveness and employability.

Why Improve Your Appetite To Life Long Learning:

• Key enabler• Drives performance• Enhances intellectual capital• Competitive differentiator• Meet strategic objectives• Brand value promoter

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3 Key Areas : Balance your personal equation

Technical Professional Leadership

Technical, Business or Subject Matter knowledge and skills that are specific

to a certain role

Examples:

► Bus specific knowledge

► Product knowledge

► Technical skills

► Operational Procedures

► Legal and regulatory

requirements

Generic skills that are required to perform your

role professionally (regardless of what your

specific role is)

Examples:► Communication Skills► Presentation Skills► Project Management► Influencing and

Negotiating Skills► Networking Skills► Time Management► Managing Change► Problem Solving

Skills that fit the Finance future

Leadership Model: - Drive to Lead

- Delivering Results - Future Focus

- Leading People

Examples:► Making tough decisions► Coaching Skills► Turning Vision to Strategy► Leading Change► Inspiring and Motivating

others► Managing the Matrix ► Drive high performance► Strategic thinking► Crisis Management

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Conclusion

Step up to the challenge.

It is our time to own your space