NEC Hosts “New England Innovates: Leading the Way in FinTech”

Fourth event in New England Innovates series draws over 100

FinTech Panel

On October 26, 2018, The New England Council presented “New England Innovates: Leading the Way in FinTech.” The event, hosted by NEC member Bank of America at their Boston office, was the fourth in the Council’s “New England Innovates” series, which aims to highlight how New England businesses and organizations are leading the way in the innovation economy, and to promote an ongoing dialogue in the region about how we maintain our reputation as a global innovation hub.

The event featured keynote remarks from Craig Phillips, Counselor to the Secretary at the U.S. Department of Treasury and co-author of the department’s recent report on FinTech. Following Mr. Phillips’ remarks, a panel of Council members highlighted their own FinTech initiatives and discussed the challenges and opportunities associated with this rapidly evolving sector.

The panel was moderated by Tim Grady, Financial Services Partner and East Region Assurance Leader at PwC.  PwC advises clients on a wide range of FinTech topics, including digital banking, cryptocurrencies, and blockchain, and recently published a comprehensive global survey of over 1300 senior financial services and FinTech executives.

In a wide ranging discussion, the panel covered a wide range of topics, including how the incorporation of new technology and automation is impacting human capital, data privacy and cyber security, talent demands and the skills gap, roadblocks for future development, and regulatory and legislative priorities.

The event was attended by over 100 Council members and guests.  For more information on this event or the Council’s work on Financial Services issues, please contact Griffin Doherty.

 

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