Mobey Day Toronto speakers and participants discussed the converging factors driving the evolution of the financial services industry. From the indelible mark left by the pervasiveness of smartphones to recent developments in augmented and machine learning, attendees were treated to insights on how collaboration between financial services, fintech and government can contribute to redefining banking and payments. Here are 21 of the best quotes we heard during Mobey Day Toronto. Fintech quotes on the digitization of commerce: “The major winners will be financial services companies that embrace technology.” – Alexander Peh, PayPal and Braintree “Millennials are the least insured generation since WWII … insurance companies are ripe for disruption.” – Mark Dowds, Trov Millennials are the least insured generation since WWII #MobeyDay Toronto. Insurance co.s ripe for disruption.— Atakan Cetinsoy (@atakante) December 7, 2016 “People need banking, not banks.” – Ranjit Sarai, President’s Choice Financial “Banks can partner with fintech to build an ecosystem where the size of the pie grows for the banks and third parties.” – Mike Henry, Scotiabank “We’re talking about payments, customers care about shopping.” – Ranjit Sarai, President’s Choice Financial “Blockchain also offers resilience against a denial of service attack.” – Greg Wolfond, SecureKey “People are tired of having so many passwords.” – Greg Wolfond, SecureKey Greg Wolfond: “People are tired of having so many passwords.” Wolfond is at #MobeyDay explaining #fintech solutions offered by @SecureKey— Ryan Weaver (@ryandrjweaver) December 7, 2016 “Insurance companies are falling behind,” was a repeated notion. “This is a photo from when I visited an insurance company data centre last week” @markdowds at #MobeyDay #Insurtech pic.twitter.com/T8r6h50MSH— Kristian T. Sorensen (@KristianT) December 7, 2016 “At the end of the day, customer centric fintech solutions are going to win.” – Giles Sutherland, Carta Worldwide Fintech quotes on the importance of user experience design: “A well-executed user experience builds trust.” – Tom Creighton, Wealthsimple “Experiences, not transactions; insight driven; instantaneous.” – Etienne Liffe-Moon, BMW Design Works “An ‘inside-out approach’ [business needs first] always ends with a poor user experience.” – Tom Creighton, Wealthsimple “Software eats expertise.” – Tom Creighton, Wealthsimple “Software eats expertise” @tomcreighton from @Wealthsimple at #MobeyDay #Toronto https://t.co/O4LIz3nA7D— Susan Visser (@susvis) December 8, 2016 “In a world that seems more chaotic and distracting than ever, we’re desperate to find focus.” – Etienne Liffe-Moon, BMW Design Works “Every touch point matters; be playful; simplicity is strength; course correct constantly.” – Tom Creighton, Wealthsimple “Every touch point matters; be playful; simplicity is strength; course correct constantly.” @Wealthsimple #MobeyDay #toronto #fintech— Sami Alshorafa (@SamiAlshorafa) December 8, 2016 Fintech quotes on applying artificial intelligence (AI) and machine learning in enterprise and banking: “True AI needs quantum computing to support [it], but ‘Augmented Intelligence’ is transforming industries today.” – Pavel Abdur-Rahman, IBM True “AI” needs quantum computing to support, but “Augmented Intelligence” is transforming industries today #MobeyDay pic.twitter.com/zTd2ZeHLIu— Carta Worldwide (@CartaWorldwide) December 8, 2016 “Google will do with AI what Apple did with the iPhone, which will drive consumer demand for the enterprises.” – Pavel Abdur-Rahman, IBM “Maybe we need less real stupidity and more artificial intelligence.” – Ramy Nassar, Architech “We’re one to two years away from a machine that can debate with you on your investment hypothesis.” – Pavel Abdur-Rahman, IBM “Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.” - Ozge Yeloglu, Microsoft Big data may be cheap to collect, but it’s expensive if you don’t know what you want to get out of it.--Ozge Yeloglu, Microsoft #MobeyDay— Kate Fitzgerald (@plasticpayments) December 8, 2016 “The key to success is making a habit of doing things you fear.” – Derek Colfer, Visa The key to success is making a pan of things you fear. @VisaCA Derek Colfer #mobeyday #toronto pic.twitter.com/09rk3zEgtz— Mobey Forum (@MobeyForum) December 7, 2016 Let’s keep the #MobeyDay Toronto conversation alive Tell us your favourite quote from Mobey Day Toronto by tweeting @InvestOntario using the hashtag #MobeyDay. Want to learn more? Email us at info@InvestOntario.ca.
spotlights2022 Investment RoundupIn 2022, we saw billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada.... success storiesNorth America’s first automotive cybersecurity organization is in OntarioUniversity of Windsor’s SHIELD Automotive Cybersecurity Centre of Excellence is developing innovations to protect connected and autonomous vehicles.... spotlightsOntario, Canada ranks top 5 for FDI into North AmericaIn a world in economic flux, fDi Intelligence’s 2022 Global Greenfield Investment Trends reveals the province’s FDI investments show no sign of slowing down.... spotlightsIntroducing the Waabi Driver: the next generation of autonomous trucking techWaabi have unveiled the Waabi Driver, an AI-first autonomy stack as software designed for factory-level OEM integration, large-scale commercialization,... Press ReleaseOntario attracts economic opportunities with Trade Mission to IndiaThe Ontario government has concluded a successful trade mission to India to strengthen relationships with economic partners and attract new investments in key sectors.... Press ReleasePointsBet opens Canadian headquarters in Toronto, OntarioLeading iGaming company, PointsBet, has opened its Canadian headquarters in Toronto, which will serve as a technology innovation hub and home to 50 new jobs.... success storiesWhy India’s L&T Technology Services is engineering solutions in OntarioWhen it decided to nearshore its North American R&D, India’s L&T Technology Services looked for a robust tech ecosystem—and found it in Toronto, Ontario.... spotlightsVolkswagen partners with Ontario quantum leaders on battery developmentVolkswagen teams up with Ontario-based quantum computing leader Xanadu to develop safer, lighter and more cost-effective EV battery materials.... success storiesIndian multinational IT giant Zoho expands to Ontario, CanadaMajor Indian IT company Zoho recently expanded into Canada, opening its first office in Cornwall, Ontario.... success storiesWhy tech leaders are tapping the STEM talent pipeline in North Bay, OntarioAward-winning cloud solution provider ThinkOn selects the “Gateway of the North” for its $4M Global Command and Cyber Security Operations Centre.... success storiesLeading indie game developers Drinkbox Studios play to win in OntarioOntario-based Drinkbox, a world-class indie game developer, credits its success to a super-talented multicultural team and Ontario’s strong, continued support.... success storiesInteractive entertainment leader Digital Extremes finds success in OntarioOntario-based video game innovators at Digital Extremes proudly rank as one of the world’s top development studios in the interactive entertainment industry today....