This talk organised by the ESADE Alumni Finance Club in conjunction with the CGRE (Spain’s risk management club) will take a look at today’s FinTech developments.
FinTech firms are technology-based outfits operating entirely online which compete with financial institutions and focus on niche markets (personal and SME finance, foreign exchange and payment platforms, asset management, etc). They cater for more digitally-oriented customers by providing simple, transparent, flexible services at lower costs.
The disruptive FinTech model is speeding up the transformation of financial institutions and squeezing their profits, it being estimated that up to 25% of their business might be at risk in five years. London, the best ecosystem for FinTech development with a great regulatory framework, already employs more than 61,000 people, and the sector as a whole attracted investments of more than €19 bn in 2015.
Plenty of FinTech firms are already up and running in Spain, including several noteworthy success stories.
How many FinTech firms many will be successful? How many will survive? Will they complement or compete with financial institutions? Are they destined to be bought out? The emergence of FinTech firms poses many questions, obliging financial institutions to adapt constantly to cope or collaborate with them.
The guest speakers ESADE Alumni is fortunate enough to welcome will include the founders and heads of two of Spain’s best known Fintechs and two senior managers well-versed in the banking sector.
Alberto Sanchez Navalpotro, founder and CEO of INBONIS
François Derbaix, founder and CEO of Indexa Capital
Juan Carlos Estepa, Corporate Risk Manager at Bankia, and President of CGRE
Pablo Forero, Risk Managing Director at CaixaBank, and board member of CGRE
Javier Judel (MBA 83), board member of the ESADE Alumni Finance Club
Alberto Sánchez Navalpotro
Alberto is the founder and CEO of Inbonis, the first SME working-capital loan provider to assess creditworthiness on the basis of company references. Formerly he has been the Director of Investments in the Charles Beigbeder holding, founder of Selftrade, partner in the venture capital fund Jolt Capital and also strategy consultant at Kaiser Associates for large multinationals (Philips, Alstom, Procter & Gamble). Alberto holds a degree in Business Administration, is taking a PhD in Economics (University of Alcalá) and has an MBA (ESCP Europe).
François is the CEO and founder of Indexa Capital, Spain’s first automated investment manager. He is a Management Engineer (University of Leuven, Belgium). Formerly a consultant at BCG (1997-99). After settling in Madrid he founded Toprural (2000) where he was CEO until its sale to HomeAway in 2012. He co-founded Rentalia (2003) which was sold to idealista.com in 2012, and also co-founded Soysuper (2012) and Aplazame (2014). He has been a business angel and advisor for some 25 internet start-ups including Kantox, Tiendeo and Percentil.
Juan Carlos Estepa
Juan Carlos has a degree in Economics and Business Studies (Complutense University of Madrid). He is currently Corporate Risk Director at Bankia and Chairman of CGRE (Spain’s risk management club). Formerly Chief Risk Officer at BBVA Bancomer; Director of Corporate Risk Management in the BBVA Group; professor of Strategic and Financial Management at CUNEF; Director of the Chairman’s Office in Argentaria; and Deputy General Manager at Banco Exterior.
Paul is currently Chief Risk Officer at CaixaBank and a member of its Management Committee.
Formerly Deputy General Manager of the Treasury and Capital Markets at CaixaBank (until April 2013), and Director of Asset Management at La Caixa from 2009 to July 2011. Previously, he was head of the Audit Department at Arthur Andersen & Co. (1981-1984), Director of Markets at Manufacturers Hanover Trust Co. (1984-1990), and from 1998 to 2009 he was Deputy Global Head of Equity & Balanced Accounts and a member of the Investment Committee and the Global Asset Management Operating Committee at JP Morgan Asset Management in London.
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