The Upside Of Embedded Finance For Retail
After the turbulence of the last 12 months, smart retailers have increased their investment in technology that enables them to provide a frictionless experience for customers - particularly when it comes to checkout.
Digital wallets sit at the heart of this trend, unlocking valuable insights to help retailers create omnichannel, highly effective marketing campaigns. The result? Each digital wallet user could be worth a staggering $20,000 when this technology reaches maturity, according to analysis from ARK Investments. But all digital wallets are not created equal.
Join us as Andries Smit, founder and CEO at Upside Saving, and Simon Torrance, one of the world’s leading experts on business model transformation, share their insights on creating stronger digital wallets for tomorrow’s shoppers.
Andries and Simon will introduce the concept of ‘embedded finance’, explaining how these next-generation technologies can provide retailers with real-time actionable insights across your customers, brand and market, helping you to increase your total addressable market and move your digital wallet into ‘super app’ territory.
Simon works with leaders, executive teams and boards to create and implement new growth strategies and ventures based around the new disciplines of platform strategy, digital ecosystem management and corporate venture building. He is the author/presenter of the New Growth Playbook and co-author of a new book called Fightback (how traditional corporations can win in the digital economy with platforms, ventures and entrepreneurs). Simon collaborates with leading institutions such as the World Economic Forum, MIT Initiative on the Digital Economy, Deutsche Bank, Rainmaking, London Business School, and Singularity University.
Andries is CEO and Founder of Upside Saving, a fast scaling fintech with the mission to help people save by finding them ‘new money’ (money they wouldn’t otherwise have had). His 20 year career, across five countries (UK, Canada, South African, Hong Kong and Singapore) has always centred around financial services. Ranging from investment banking at Morgan Staley and RBS, through to consulting at PwC, insurance at Aviva, and wealth management at DollarDex. Andries is an entrepreneurial leader, with a track record of success leading financial services organisations (start-ups (SME Discounts), scale-ups (DollarDex) and large corporates (Aviva)) to drive growth. Known for building trust at all levels through open, transparent leadership, and building talented cross-functional teams that produce results.
11.00: Join online and welcome, followed by Simon Torrance
11.15: Andries Smit
11.30: Q & A