This event has ended. Visit the official site or create your own event on Sched.
Back To Schedule
Wednesday, March 20 • 5:10pm - 5:30pm
Is it even possible to build an incumbent challenger bank?

Sign up or log in to save this to your schedule, view media, leave feedback and see who's attending!

Incumbent banks are building brand new subsidiaries that are digital-only banks to reduce cost base, provide enhanced offerings to customers, future proof their business and seamlessly comply with regulatory requirements. The driver is to compete with the tech giants and to a lesser degree FinTech startups. The play here over time will be to cannibalize their existing business and to gradually migrate customers across to the new subsidiary that has lower operating costs, cheaper customer acquisition and customer onboarding. The key source of value here is to capture, store and extract data centrally.

This session will provide a deep dive on the cost base of incumbents banking operations vs digital only banking products.

avatar for Ronit Ghose

Ronit Ghose

Global Head of Banks Research, Citi
Ronit Ghose is Global Sector Head for Banks in Citi Research. He is the lead author of Citi's GPS FinTech report series - the 2016 edition has had c250,000 downloads making it the most read report ever published by Citi and we believe the most read FinTech report ever published. Since... Read More →

avatar for Drew Graham

Drew Graham

Fintech Strategy
Drew is a serial entrepreneur turned banker, a sheep in wolf’s clothing. He joined Standard Chartered as Director of Fintech Strategy and Engagement in 2016. He was then the Head of Platform for the Standard Chartered Virtual Bank in Hong Kong until February 2019. Before joining... Read More →
avatar for Megan Caywood

Megan Caywood

Global Head of Digital Strategy, Barclays
Megan serves as the Global Head of Digital Strategy at Barclays. She moved to the UK from San Francisco in 2016 on an Exceptional Talent visa for her work in FinTech to help start Starling Bank, where she served as Chief Platform Officer. Starling raised $70 million in their first... Read More →

Wednesday March 20, 2019 5:10pm - 5:30pm GMT+08
Business Model World