The Financial Services Future: Transforming an industry

In partnership with the Economist Intelligence Unit, Mazars has developed a unique programme of thought leadership to examine the current challenges the Financial Services industry is facing. The series of articles focuses on the current transformation of the financial services industry and its likely shape in the future from three different but related perspectives: technological, regulatory and business model transformation.

In partnership with the Economist Intelligence Unit, Mazars has developed a unique programme of thought leadership to examine the current challenges the Financial Services industry is facing. The series of articles focuses on the current transformation of the financial services industry and its likely shape in the future from three different but related perspectives: technological, regulatory and business model transformation.

Topic #1: Technological Transformation

The marriage of high tech and high finance

The lines between financial services and high technology are becoming increasingly blurred. Four major technological changes will disrupt financial services in the years ahead.

Fear of disruption?

  • Biometrics
  • Blockchain
  • Cognitive computing
  • Open banking

Topic #2: Regulatory Transformation

Regulatory reform in uncertain times - no rest for the weary

Despite "reform fatigue" and squeezed profit margins, financial services firms are dealing with a continued flood of regulation. Some are turning to new technologies for compliance help.

  • Basel III
  • Dodd-Frank
  • EMIR
  • MIFID II

Topic #3: Transformation of business models

Embracing a pattern of change – Business model innovation across banking, insurance and asset management

This is a world of six-month product development cycles and constant updates, primarily of software, with a huge premium on simple user interfaces and trusted security.”

  • Banking unbundled
  • Investing in new investment models
  • Insurance pivots innovation towards risk prevention

Article #4 will be released soon. For more insights on Financial Services issues, please visit Mazars Financial Services blog.

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