FinTech Magazine November 2019 | Page 41

41 stocks , deposit cheques and otherwise manage our money , some industry leaders think that the real revolution is still around the corner .
“ I still find it pretty interesting that there ’ s been substantial technological change out there , but that the banking system we have is pretty similar to the one that was created by the Medici in the 13th century ,” said Stephen Cecchetti , the Rosen Family Chair in International Finance at Brandeis
International Business School , speaking at the FinTech and Digital Currency panel at Boston FinTech Week 2019 . “ It ’ s true that I can do things on my phone , but the things I do on my phone are not fundamentally different , they are just a little bit easier .” Cecchetti is confident that deep , structural change is coming to the sector , and that data analytics and insight gathering are going to be at the heart of the transformation .
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