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Posts tagged Professional Services

Finance Leaders: Generation Z and Education

Looking Back 100 years

I recently presented at the Global Creative Innovation Conference. The audience was challenged with identifying three industries that had barely changed systematically over the past 100 years. The final list:

1. Religion

2. Education

3. Professional Services

Understandably, few would argue that churches, temples and synagogues and their followers have embraced change (rightfully or wrongfully) despite the tremendous technological progressions over the past century. Plenty of people appear to be committed to ensuring the next generation have no need to learn in a grid-like classroom from the 1800s - but learn in ways that truly enrich educational learning and critical thinking.
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Green Shoots of Finovation

Within the US$1+ trillion global professional services industry, the finance sector has recently looked susceptible to a growing chorus of start-ups looking to strategically rethink finance’s core business models and value propositions.  Internet entrepreneurs over the past few years have embarked on a journey to challenge financial services giants in providing consumers with a greater range of choices in money management.
 
Following in the successful footsteps of the Mint, new emerging leaders – like Wealthfront, LearnVest, Check24 and Wonga (the last three conspicuously backed by Accel Partners) – have helped recalibrate the expectations of “personalised finance” by tailoring their business models, engagement methods and success strategies to specific target socio-demographic, psychographic and cultural niches.
 
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