Category: SVIC Newsletter

Silicon Valley Innovation Center – Newsletter- June Edition 

June Edition Did you know that solar power fell 85% in the last seven years? That in 2017, global investment in fintech companies has hit an all time high of $24.7B? That Faraday Future, the 1,050 mph electric car, accelerates faster than a Bugatti Chiron, Tesla Model S and Lamborghini Aventador? …we can go on and on, but the heart of the matter is, we have entered the age of the Fourth Industrial Revolution that is changing the world we live in at lightning speed. And we at Silicon Valley Innovation Center are here to update front-runners like you, on ... Read more

Silicon Valley Innovation Center – Newsletter- April Edition 

Did you know that 72% CEOs believe that the next 3 years will be more critical for their industry than the last 50 years? Did you know that companies today are 460% more likely to fail within the next 5 years? All due to the incredible advancements of breakthrough technologies, from AI to VR, etc. At Silicon Valley Innovation Center, we help busy executives like yourself distinguish the fads from the truly transformative technologies so that you stay attuned to the latest opportunities. From the SVIC Blog: Our VP of Corporate Innovation, Andy Zhulenev, shares what the coming Fourth Industrial ... Read more

Silicon Valley Innovation Center – Newsletter- March Edition 

From Digital Transformation to the Global Startup Revolution and Top Technology Trends in 2017, we bring to you the latest in the field of Innovation. Read these exclusive articles to know what’s shaping businesses across industries: The Case for Digital Reinvention, McKinsey Quarterly article on Digital Transformation Global Startup Ecosystem Report 2017, a report on the ‘Global Startup Revolution Top Technology Trends to Pay Attention To in 2017, SVIC Blog article on the future of Innovation Upcoming Programs: Navigating FinTech Disruption Executive Program How To Turn AI Into Business Value. Executive Briefing Leading Digital Transformation Executive Program Leading Digital Transformation, ... Read more

FINTECH POSES NO. 1 THREAT TO COMMUNITY BANKS, EXECS TELL FDIC (AND MORE NEWS)

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends Fintech Poses No. 1 Threat to Community Banks, Execs Tell FDIC The emergence of new technology in financial services poses a serious danger for community banks, and they are scrambling to meet the challenge, a group of community bankers told the Federal Deposit Insurance Corp. “Just one of the things that we have been monitoring and seeing is that some of the nonbanks, fintech companies, are really looking for that opportunity where they see there’s a particular aspect of a banking process that ... Read more

ALL IT TOOK WAS POKEMON TO GET PEOPLE INTO BANK BRANCHES (AND MORE NEWS)

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends All It Took Was Pokemon to Get People into Bank Branches The instant popularity of Pokemon Go has taught banks important lessons about engaging customers, rewarding them and getting them in branches. Much like Uber taught the payments industry that the best way to get consumers to spend through their smartphones is to make the process invisible, the smartphone game Pokemon Go keeps players coming back to local landmarks without nudging them to a specific place or even promising them a specific reward. “Neither ... Read more

AMERICANS STUCK IN BAD FINANCIAL SERVICES RELATIONSHIPS (AND MORE NEWS)

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends Americans Stuck in Bad Financial Services Relationships According to a Market Strategies firms survey, 31 percent of American households feel obligated to continue doing business with financial companies that they distrust, including investment services. Market Strategies’ senior vice president Jeremy Bowler said this lack of trust represents a significant risk to profitability, as distrust makes it easier for clients to be persuaded to switch firms. Older customers tend to be more trusting, but a number of factors influence trust including service consistency and quality, ... Read more

HOW BIG BANKS ARE EMBRACING THE FINTECH REVOLUTION (AND MORE NEWS)

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends How Big Banks are Embracing the Fintech Revolution The Citi researchers predict that the fintech revolution will wipe out nearly a third of all the employees at traditional banks in the next 10 years. Such a stark outlook helps explain the seriousness with which Citi and its big-bank peers are suddenly treating the latest threat to their hegemony. “Fintech is different,” says Stephen Bird, Chief Executive Officer of Global Consumer Banking at Citigroup. “It will change your life and my life. And will ... Read more

WILL BREXIT CAUSE A TECHXIT? 10 WAYS BRITAIN’S EU EXIT WILL AFFECT TECHNOLOGY (AND MORE NEWS)

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends Will Brexit Cause a Techxit? 10 Ways Britain’s EU Exit Will Affect Technology Britain has voted to leave the European Union by 52% to 48% in a historic referendum – but what does that mean for the UK’s technology industry? Industry experts weigh in on the top 10 outcomes of Britain exiting the EU: 1) there will be a devasting blow to tech firms, 2) it is the end of the road for fledgling firms, 3) volatility is ahead, but it is not ... Read more

THINK STUDENTS ARE UNHAPPY WITH HIGHER EDUCATION? TRY EMPLOYERS (PLUS MORE NEWS)

 weekly wrap-up from Silicon Valley on what’s making the news in higher education, EdTech, and disruptive trends Think Students are Unhappy with Higher Education? Try Employers What it is: A new report by The Brookings Institution shows that the bachelor’s degree premium remains as high as ever. Meanwhile, Goldman Sachs says the return on college is falling: “In 2010, students could expect to break even within eight years of finishing school. Since then, that has increased to nine years. And if this trend continues, students who start college in 2030 without scholarships or grants… may not see a return on investment until age ... Read more

HOW THE INTERNET OF THINGS WILL CHANGE BANKING AND MORE NEWS

A weekly wrap-up from Silicon Valley on what’s making the news in fintech, banking, and disruptive trends How The Internet of Things Will Change Banking What it is: Analysts at Gartner predict there will be 25 billion smartphones, smartwatches, wearables, connected cars and other connected devices by 2020. An amazing forecast, that strongly indicates the influence that machine-to-machine (M2M) connectivity is going to have on our society, culture and business. For business, there are multiple opportunities to benefit from IoT, with $2 trillion of economic benefit predicted on a global level by Gartner. Why it is important: IoT can help take banking ... Read more