Susanne Chishti > Quotes

“Financial products should serve as tools that facilitate everyday financial situations. Banks”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

“What is more, by being able to call upon a truly global contributor base, we not only stayed true to the spirit of FinTech, making use of technological channels of communication in reaching out to, selecting, and reviewing our would-be contributors, we also made sure that every corner of the globe had the chance to have its say. Thus, we aimed to fulfil one of the most important purposes of The FinTech Book, namely to give a voice to those that would remain unheard, those that did not belong to a true FinTech community in their local areas, and spread that voice to an international audience. We”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

“fourth epoch, driven by technological advances such as cognitive computing. Whereas the previous eras developed efficiencies in an established process, the technologies available or in development today enable us fundamentally to rethink the process. Rather than simply replicating the established methods of managing wealth, they offer an opportunity to augment these in new ways. We are at a point where advances in computing power and lower computing costs enable us to apply artificial intelligence, machine learning, natural language processing, neural networks and a host of other tools to everyday tasks. The opportunities for wealth management are genuinely epoch-making.”
― Susanne Chishti, The WEALTHTECH Book: The FinTech Handbook for Investors, Entrepreneurs and Finance Visionaries

“And, finally, can they capture the tech-savvy youth and their expectations of a new paradigm of customer service?”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

“FinTech in developed economies comes from a basis of innovation and adding value, while FinTech in developing economies is propelled by a critical need to address pain points, which are acutely felt in their respective economies.”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

“the IBM Surveillance Insight for Financial Services dashboard is a “cognitive surveillance engine” that uses the power of Watson (yes, the Jeopardy-playing computer) to take in and piece together unstructured data, such as employee email, as well as structured data, such as trade transactions, to create a thorough surveillance system that can alert flesh-and-blood compliance personnel to potential issues.”
― Susanne Chishti, The WEALTHTECH Book: The FinTech Handbook for Investors, Entrepreneurs and Finance Visionaries

“Clients over time paid the bill via higher management fees, as product manufacturers increased their management fees, and thus charged even higher distribution fees, since the fee level very often was expressed as a percentage of the management fee of the investment fund: a vicious circle decreasing the yield of the investor and increasing the profit of the industry.”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries

“But this doesn’t mean that there is incompatibility between regulation and rapid innovation: it is more of a disconnect, since both sides are there to serve customers’ needs and it is those customers, both corporate and consumer, who will make the choice. These”
― Susanne Chishti, The FINTECH Book: The Financial Technology Handbook for Investors, Entrepreneurs and Visionaries