Futurist Keynote, Malaysia: Fintechs, Enablers or Disruptors?

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By Matthew Griffin Keynote Presentations 29th October 2021

WHY THIS MATTERS IN BRIEF

Fintechs promised to shake up and disrupt global banking, did they or did they just modernise an out of date business model?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

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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.

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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.

Matthew Griffin / About Author

Matthew Griffin, multi-award winning Futurist and named Futurist of the Year 2024, has been described as a "Walking encyclopaedia of the future" by NASA and a futurist polymath. One of the world's most renowned futurists and strategic foresight experts Matthew is the 15 times author of the blockbuster "Codex of the Future" series, and is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working across the next 50 years, XPotential University, the world's first free futures and foresight university, and the World Futures Forum which works with the United Nations to solve the worlds greatest challenges. Matthew is an in demand international keynote, acclaimed university lecturer and mentor, and host of the hit Fanatical Futurist podcast.

A rare talent in his past Matthew helped build and run several multi-billion dollar business units for Atos, Dell-EMC, and IBM, and his ability to identify, track, and explain the impacts of hundreds of emerging technologies and trends on global business, culture, and society has earned him a powerful reputation and a roster of clients that include royal households, world leaders, G7, G20, and G77+ governments, and many of the world's most respected brands including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi Group, Coca Cola, Dentons, Deloitte, Disney, Dow, EY, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, T-Mobile, UBS, VISA, and many others. He was also the only futurist invited to talk at the UN COP28 held in Dubai alongside world leaders.

Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.