Past Event

Fintech at the Crossroads: Digital Transformation Gets Real

October 19, 2020
Fintech at the Crossroads: Digital Transformation Gets Real
Webinar

Location

Zoom Webinar


Overview

Financial services industry has been going through rapid changes in recent years and new technology development has played a pivotal role in the process. The current pandemic has further accelerated the pace of technology innovation and adoption, and at the same time presented new challenges as well as opportunities. Please join MIT thought leaders and startups for a series of discussions on the new trends in financial services and the driving forces behind them, including FinTech, BigTech, AI, and other disruptive technologies that will transform and reshape the future of the entire sector.

  • Overview

    Financial services industry has been going through rapid changes in recent years and new technology development has played a pivotal role in the process. The current pandemic has further accelerated the pace of technology innovation and adoption, and at the same time presented new challenges as well as opportunities. Please join MIT thought leaders and startups for a series of discussions on the new trends in financial services and the driving forces behind them, including FinTech, BigTech, AI, and other disruptive technologies that will transform and reshape the future of the entire sector.


Agenda

10am

Fintech at the Crossroads: Digital Transformation Gets Real
Lecturer, MIT Media Laboratory
David Shrier
Lecturer, MIT Media Laboratory

David Shrier, a Lecturer with the MIT Media Lab, is a globally recognized thought leader in financial innovation. He advises Fortune 1000 companies, private equity-backed platforms, and governments on the strategies and tactics that are shaping the new financial ecosystem. His current advisory portfolio ranges from fintech unicorn Kyriba to the governments of the US, UK, and EU. David created the first graduate fintech class in North America at MIT in 2015 together with Prof. Alex "Sandy" Pentland, subsequently moving it online to over 150 countries and engaging a global network of more than 15,000 innovators. He has helped found or lead four AI-driven spinouts from MIT research. David's published works include Basic Blockchain (Little Brown, 2020) and Trusted Data (MIT Press, 2019). His next two books are Augmenting Your Career, about AI and the future of work (Little Brown, 2021) and Global Fintech (MIT Press, 2022). In addition to his MIT appointment, he is also an Associate Fellow with Said Business School, University of Oxford.

With over $500bn invested in fintech in the past 6 years, the venture community has vigorously supported the sector. Incumbent institutions, however, have been at times slow to adopt these new technologies. Pandemic-imposed digitization of money and work have now accelerated the pace, and created existential risk for many financial organizations from big tech and startups alike. How are institutions reinventing themselves around AI, big data, and other digital technologies? How are governments enabling this shift? What new ecosystems are arising?

11am

Airfox: Accelerate financial inclusion in emerging markets

Securrency: Infrastructure technology for compliance and interoperability among legacy and blockchain systems

M10:  Global FMI Modernization

Co-Founder and CEO, Securrency
Dan Doney
Co-Founder and CEO, Securrency

Dan is Co-Founder and Chief Executive Officer of Securrency, the leading developer of institutional-grade blockchain-based financial and regulatory technology. Former Chief Innovation Officer of the U.S. Defense Intelligence Agency, he is the recipient of the 2014 Fierce 15 award as a top government change agent. Dan is a recognized expert in software development, artificial intelligence, process automation, cybersecurity, dynamic asset pricing, and enterprise architecture. He holds a B.S in Economics and Control Systems Engineering at the U.S Naval Academy and achieved an M.S in Nuclear Engineering from M.I.T.

CEO, M10
Steve Kirsch
CEO, M10

Steve Kirsch is the CEO of M10 Networks which develops digital money technology for banks and central banks. He is the inventor of the optical mouse and one of the first Internet search engines, Infoseek. As the founder of 7 high tech companies, two with billion dollar market caps, Steve is now focused on modernizing payment infrastructure at M10. He has a BS/MS in Electrical Engineering and Computer Science from MIT. The Kirsch Auditorium in the MIT Stata Center is named in his honor.

  • Agenda
    10am

    Fintech at the Crossroads: Digital Transformation Gets Real
    Lecturer, MIT Media Laboratory
    David Shrier
    Lecturer, MIT Media Laboratory

    David Shrier, a Lecturer with the MIT Media Lab, is a globally recognized thought leader in financial innovation. He advises Fortune 1000 companies, private equity-backed platforms, and governments on the strategies and tactics that are shaping the new financial ecosystem. His current advisory portfolio ranges from fintech unicorn Kyriba to the governments of the US, UK, and EU. David created the first graduate fintech class in North America at MIT in 2015 together with Prof. Alex "Sandy" Pentland, subsequently moving it online to over 150 countries and engaging a global network of more than 15,000 innovators. He has helped found or lead four AI-driven spinouts from MIT research. David's published works include Basic Blockchain (Little Brown, 2020) and Trusted Data (MIT Press, 2019). His next two books are Augmenting Your Career, about AI and the future of work (Little Brown, 2021) and Global Fintech (MIT Press, 2022). In addition to his MIT appointment, he is also an Associate Fellow with Said Business School, University of Oxford.

    With over $500bn invested in fintech in the past 6 years, the venture community has vigorously supported the sector. Incumbent institutions, however, have been at times slow to adopt these new technologies. Pandemic-imposed digitization of money and work have now accelerated the pace, and created existential risk for many financial organizations from big tech and startups alike. How are institutions reinventing themselves around AI, big data, and other digital technologies? How are governments enabling this shift? What new ecosystems are arising?

    11am

    Airfox: Accelerate financial inclusion in emerging markets

    Securrency: Infrastructure technology for compliance and interoperability among legacy and blockchain systems

    M10:  Global FMI Modernization

    Co-Founder and CEO, Securrency
    Dan Doney
    Co-Founder and CEO, Securrency

    Dan is Co-Founder and Chief Executive Officer of Securrency, the leading developer of institutional-grade blockchain-based financial and regulatory technology. Former Chief Innovation Officer of the U.S. Defense Intelligence Agency, he is the recipient of the 2014 Fierce 15 award as a top government change agent. Dan is a recognized expert in software development, artificial intelligence, process automation, cybersecurity, dynamic asset pricing, and enterprise architecture. He holds a B.S in Economics and Control Systems Engineering at the U.S Naval Academy and achieved an M.S in Nuclear Engineering from M.I.T.

    CEO, M10
    Steve Kirsch
    CEO, M10

    Steve Kirsch is the CEO of M10 Networks which develops digital money technology for banks and central banks. He is the inventor of the optical mouse and one of the first Internet search engines, Infoseek. As the founder of 7 high tech companies, two with billion dollar market caps, Steve is now focused on modernizing payment infrastructure at M10. He has a BS/MS in Electrical Engineering and Computer Science from MIT. The Kirsch Auditorium in the MIT Stata Center is named in his honor.