Fintechs promised to shake up and disrupt global banking, did they or did they just modernise an out of date business model?


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Firstly, thank you to Azleen and the Malaysian Securities Commission for asking me to be their keynote and their annual SCxSC event where financial services organisations, fintechs, investors, and regulators from all across Asia come together to discuss and share the latest breakthroughs and thinking in financial services.


Futurist keynote, Swindon: The Future of Defence, UK Ministry of Defence


During my session, entitled “Fintechs: Enablers or Disruptors” I investigated the role that fintechs have, do, and will continue to play within the global financial services ecosystem and whether we should think of them as disruptors or enablers in the new world order.


Fintechs: Enablers or Disruptors? Keynote by Matthew Griffin


Ironically, while many fintechs will think of themselves as disruptors in my opinion when all is said and done their legacy may very well be the culture change that they forced on the industry as industry incumbents, with no previous motivation to change the status quo, were all of a sudden faced with Flight or Fright decision unlike they’d ever experienced before.


Futurist Keynote, Sweden: The Future of Mobility 2030, ME


And now, of course, ironically just as we see banking incumbents looking over their shoulders at the fintechs camping on their lawns fintechs themselves are starting to look over their shoulders at new decentralised finance players who, again, play by an increasingly alien playbook. And so the cycle of disruption and transformation continues. I hope you enjoy the keynote.


About author

Matthew Griffin

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.

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