The BusinessDay CEO Magazine_September 2017 Issue
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“”<br />
<strong>The</strong> <strong>BusinessDay</strong> <strong>CEO</strong>, Sept <strong>2017</strong> | 57<br />
THE FINTECHS HOWEVER...EMPLOY<br />
ARTIFICIAL INTELLIGENCE, BIG DATA<br />
AND MACHINE LEARNING TO GLEAN<br />
THE CREDIT HABITS OF CUSTOMERS<br />
FROM THEIR MOBILE USAGE, AND SO<br />
HAVE MITIGATED AGAINST THIS RISK.<br />
Banking is definitely going to wear a new face in much the same<br />
way that retail did with the advent of e-commerce. <strong>The</strong> biggest take<br />
away, is that it is not about upstarts versus incumbents, but rather a<br />
question of how banks absorb the Fintech innovations blossoming<br />
around them to improve the value chain and enhance customer<br />
experience.<br />
Austin Okere is the Founder of CWG Plc & Entrepreneur in<br />
Residence at CBS, New York. Austin also serves on the World<br />
Economic Forum Global Agenda Council on Innovation and<br />
Intrapreneurship and on the Advisory Board of the Global Business<br />
School Network (GBSN).
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