invstr Meets: Jesse McWaters – World Economic Forum
In this video we meet Jesse McWaters the WEF’s Lead on Disruptive Innovation in Financial Services and get the WEF’s thoughts on how innovation in technology and regulation is transforming the structure of the Finance Industry.
The invstr team was fortunate enough to attend the World Economic Forum at Davos in January 2017 where we spoke to leaders from financial institutions, fintech companies and others at the cutting edge of financial technology.
What is the World Economic Forum?
The World Economic Forum (WEF) is a Swiss nonprofitfoundation, based in Cologny, Geneva. Recognized by the Swiss authorities as an international body, its mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.
The Forum is best known for its annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 2,500 top business leaders, international political leaders, economists, and journalists for up to four days to discuss the most pressing issues facing the world. Often this location alone is used to identify meetings, participation, and participants with such phrases as, “a Davos panel” and “a Davos Man”.
The organization also convenes some six to eight regional meetings each year in locations such as Latin America and East Asia, as well as undertaking two further annual meetings in China and the United Arab Emirates. Beside meetings, the foundation produces a series of research reports and engages its members in sector specific initiatives
Taken from the WEF’s Wikipedia entry: – https://en.wikipedia.org/wiki/World_Economic_Forum
Who is Jesse?
Jesse McWaters leads the World Economic Forum’s work on innovation in financial services—an initiative that seeks to understand how new technologies and innovative new entrants are transforming the competitive dynamics of the industry. His team’s efforts are currently focused on understanding the transformative implications of digital identity and distributed ledger (blockchain) technologies on the future of financial infrastructure through examination of a wide variety of practical use-cases.
Jesse is a frequent speaker on financial innovation and the co-author of the World Economic Forum publication “The Future of Financial Services – How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed”. This in-depth exploration of financial innovation, published in July 2015, is based on over 150 expert interviews and a worldwide series of workshops with senior financial executives and cutting-edge FinTech founders.
In addition to his work on financial innovation, Jesse manages two of the Forum’s Global Agenda Councils that focus on Insurance and Asset Management and the Global financial System. He has also contributed to the organization’s work efforts that explore sources of macroeconomic instability, including the co-authoring of “Euro, Dollar, Yuan Uncertainties – Scenarios on the Future of the International Monetary System”.
Prior to his current role, Jesse worked as a financial services consultant with Deloitte and served as Head of Research for Deloitte’s Future of Canada Institute, dedicated to enhancing Canada’s productivity, competitiveness and innovative capabilities. In this capacity Jesse co-authored numerous publications including: “The future of productivity – A wake-up call for Canadian companies” and “Passport to growth – How international arrivals stimulate Canadian exports”.
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