Webinars

THE PLATFORMICATION OF BANKING

How Fintech Will Transform the Relationship Between Financial Institutions, Startups, and Merchantschants

Silicon Valley Innovation Center's Webinar Speaker Ron Shevlin

Ron Shevlin,
Director of Research,
Cornerstone Advisors

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ABOUT THE WEBINAR

An emerging trend is the platformification of banking, where both existing banks and startups begin a strategic shift towards becoming banking platforms, much like how Amazon is a platform in retail. At its core, platformification is a new type of business model for banks—a plug-and-play business model that allows multiple participants (producers and consumers) to connect to it, interact with each other, and create and exchange value. This new business model will change: 1) where consumers and businesses search and shop for financial products and services; 2) how consumers and businesses apply for, and open accounts; and 3) how banks purchase and deploy technology. A critical part of this trend will be the emergence of a new set of fintech vendors -- platform services providers – who will provide new distribution channels, new processing capabilities, and new sources of data to help create platforms in banking.

YOU'LL LEARN

  • The best approach to integrating fintechs into traditional banking environments
  • How platformification will affect traditional banking business models
  • How any bank can turn itself into a platform to attract both consumers and producers

ABOUT OUR GUEST

Silicon Valley Innovation Center's Webinar Speaker Ron Shevlin

Ron Shevlin

Ron Shevlin is the Director of Research at Cornerstone Advisors where he heads up the firm’s strategic research efforts, including the Insight Vault service. Ron is the author of the book, Smarter Bank, and is the purveyor of fine snark on his Snarketing blog and the Fintech Snark Tank podcast. Ron’s experience includes research and consulting for Aite Group, Forrester Research, and KPMG. He has an MBA from the University of Texas and a bachelor’s degree in Economics from SUNY Binghamton.

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