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Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

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A talk about the disruptive digital forces that are affecting the financial services industry including what lessons and ideas marketers take and use within their businesses to help them evolve with the ever changing financial services landscape.

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Page 1: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 2: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Digital disruption in financial services !

Change or be changed

@markbrennan_

Page 3: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

192

Page 4: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 5: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

"You can't win anything with kids"

Page 6: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Everything from this point on is changing

Brett king

““

Page 7: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

TECHNOLOGY Mobile, Tablets, The Net, Google

glass, Galaxy Gear, apps...

TRUSTCOMPETITION

Google, Paypal, Stripe, amazon,

O2, Tesco, WeChat..

Why?!!

Page 8: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Trust

Page 9: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 10: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 11: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Your product is the experience which is your brand !

Page 12: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Service design is the activity of planning & organizing people, infrastructure, communication & material components of a service in order to improve its quality and the interaction between service provider and customers. !The purpose of service design methodologies is to design according to the needs of customers or participants, so that the service is user-friendly, competitive & relevant to the customers. !The backbone of this process is to understand the behaviour of the customers, their needs and motivations.

Page 13: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

43% 36%62%

'somebody like me' 'CEOs' 'Government

Official or regulator'

The rise of heterarchical trust

Page 14: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

The sharing economy!!

Are you ready?

Page 15: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 16: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 17: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 18: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Technology

Page 19: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Experience first, technology second !

Page 20: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Make a commitment!!!

Page 21: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Resources!

Structure!

Culture!

Page 22: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 23: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 24: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 25: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

“ONE OF MY FEARS IS BEING THIS BIG, SLOW, CONSTIPATED, BUREAUCRATIC COMPANY THAT'S HAPPY WITH ITS SUCCESS.” !

STEFAN OLANDER, CEO NIKE

Page 26: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Practical Tip: Reverse mentoring

Page 27: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Competition

Page 28: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

The new competition!The competition you currently think is your competition is not your competition

Page 29: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 30: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

$3.3Bn! Alipay daily transaction value on Sina Weibo

Page 31: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services
Page 32: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

!

Be brave !!

Act like a start up!!

Champion the customer!!

Have clarity on customer needs & wants!!

Focus on exceptional customer experience!!

!

Page 33: Mark Brennan, AIB Dmx Dublin 2014 - Digital Disruption in Financial Services

Thank You !!

!

!

@markbrennan_