Listen "FinTech and Digital Transformation: #AskTheCEO With Xavier Gomez"
Episode Synopsis
Xavier Gomez is founder & COO of INVYO, a SaaS company that uses machine learning and Natural Language Processing (NLP) to help financial institutions see tomorrow’s opportunities in Fintech. He is also Co-Editor-in-Chief at Invyo Insights powered by INVYO, a global provider of Fintech insights and analysis. As a banker, Xavier has been sharing his vision of the sector with industry pioneers over the past 18+ years.
He holds a certification from the Massachusetts Institute of Technology (MIT) specialization Fintech (2016) and is a graduate of HEC Paris in Private Equity (Leadership Executive program in Private Equity in partnership with AFIC – French Association of Investors for Growth) in 2017.
In 2000, he started his career at Credit Suisse (private banking) in Paris as a portfolio management consultant (2000-2004), selling structured products in Zurich, Switzerland (2005-2007), assistant vice president in charge Investment Consulting in Paris (2007 – 2008), Vice President in charge of Investment Consulting (2009 – 2013) in Paris, Director in charge of investment and trading in Paris and Treasurer of Credit Suisse France. From 2016 to 2018, he became Global Senior Portfolio Manager and Asset Allocator at Pictet & Cie.
He is an expert in banking, finance, and economics as well as banking and digital transformation.
He is interested in the digital economy and especially in innovations in the field of finance (Fintech), an area in which he sometimes writes some articles in the specialized media. Moreover, he is a speaker in various global FinTech conferences around the world.
Contact Xavier:
Web: https://invyo.io
LinkedIn: https://www.linkedin.com/in/xavier-gomez-0202796/
Twitter: @Xbond49
Contact Avrohom:
Web: https://asktheceo.biz
Twitter: @avrohomg
Instagram: @avrohomg
INTERVIEW HIGHLIGHTS:
[01:23] From what you’ve seen, what are some of the challenges FinTechs face when doing a Digital Transformation?
[04:40] Cybersecurity and Trust are extremely important factors in FinTech.
[06:30] What are the opportunities for FinTech in Africa?
[07:00] FinTech firms need to have a good Cybersecurity solution.
[07:20] Can you provide some examples of companies that are doing Digital Transformation correctly? Who’s doing it right?
[07:36] What lessons can we learn from FinTech leaders such as JP Morgan, Chase, Citigroup, and Goldman Sachs regarding Digital Transformation?
[11:00] eCommerce providers such as Amazon and Alibaba will disrupt FinTech by commoditizing banking as a service.
[13:00] FinTech incumbents can’t afford to be complacent, as major disruption is taking place by startups.
[15:00] The biggest challenge for FinTech startups is earning Consumer Trust in B2C.
[16:20] I understand that you work with FinTechs. Can you share with us the ways you help them through the Digital Transformation process?
[21:27] How big is the Business Intelligence Market?
[21:27] The Business Intelligence Market will be $340bn by 2023 with an annual growth of 15% beyond that.
[21:57] AI is critical for Business Intelligence because more data isn’t better – you need the RIGHT data!
[23:36] Data is the new oil of the 21st Century, and Analytics is the combustion engine.
[25:00] You don’t need more data. You need the right data!
[25:15] How do people connect with you?
[25:42] Do you have any parting words of wisdom to share with the audience?
He holds a certification from the Massachusetts Institute of Technology (MIT) specialization Fintech (2016) and is a graduate of HEC Paris in Private Equity (Leadership Executive program in Private Equity in partnership with AFIC – French Association of Investors for Growth) in 2017.
In 2000, he started his career at Credit Suisse (private banking) in Paris as a portfolio management consultant (2000-2004), selling structured products in Zurich, Switzerland (2005-2007), assistant vice president in charge Investment Consulting in Paris (2007 – 2008), Vice President in charge of Investment Consulting (2009 – 2013) in Paris, Director in charge of investment and trading in Paris and Treasurer of Credit Suisse France. From 2016 to 2018, he became Global Senior Portfolio Manager and Asset Allocator at Pictet & Cie.
He is an expert in banking, finance, and economics as well as banking and digital transformation.
He is interested in the digital economy and especially in innovations in the field of finance (Fintech), an area in which he sometimes writes some articles in the specialized media. Moreover, he is a speaker in various global FinTech conferences around the world.
Contact Xavier:
Web: https://invyo.io
LinkedIn: https://www.linkedin.com/in/xavier-gomez-0202796/
Twitter: @Xbond49
Contact Avrohom:
Web: https://asktheceo.biz
Twitter: @avrohomg
Instagram: @avrohomg
INTERVIEW HIGHLIGHTS:
[01:23] From what you’ve seen, what are some of the challenges FinTechs face when doing a Digital Transformation?
[04:40] Cybersecurity and Trust are extremely important factors in FinTech.
[06:30] What are the opportunities for FinTech in Africa?
[07:00] FinTech firms need to have a good Cybersecurity solution.
[07:20] Can you provide some examples of companies that are doing Digital Transformation correctly? Who’s doing it right?
[07:36] What lessons can we learn from FinTech leaders such as JP Morgan, Chase, Citigroup, and Goldman Sachs regarding Digital Transformation?
[11:00] eCommerce providers such as Amazon and Alibaba will disrupt FinTech by commoditizing banking as a service.
[13:00] FinTech incumbents can’t afford to be complacent, as major disruption is taking place by startups.
[15:00] The biggest challenge for FinTech startups is earning Consumer Trust in B2C.
[16:20] I understand that you work with FinTechs. Can you share with us the ways you help them through the Digital Transformation process?
[21:27] How big is the Business Intelligence Market?
[21:27] The Business Intelligence Market will be $340bn by 2023 with an annual growth of 15% beyond that.
[21:57] AI is critical for Business Intelligence because more data isn’t better – you need the RIGHT data!
[23:36] Data is the new oil of the 21st Century, and Analytics is the combustion engine.
[25:00] You don’t need more data. You need the right data!
[25:15] How do people connect with you?
[25:42] Do you have any parting words of wisdom to share with the audience?
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