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A Dive into the Disruptive Future

The fintech conference Securities Disrupted ’19 took place on June 6th at Ingensteds in Oslo this year. Once again, we challenged the small, yet competent Norwegian asset management community. In the somewhat atypical venue in the heart of Grünerløkka, we gathered for half a day to get the outlooks of the asset management sector. Seven experts from all over the world, including China, Chicago, and Silicon Valley brought a scare to the crowd. All of them had different backgrounds, but agreed on the key takeaway: It is time to open our eyes for the technological and disruptive future.

Dark Prospects for Asset Managers

One of the highlights was Joshua Levin’s talk on “The death of ETFs and what comes next”. Joshua is the founder and CEO of OpenInvest and flew in from San Francisco to inspire us. OpenInvest, with Andreessen Horowitz as their main investor, facilitates ESG-investments through a digital platform. Joshua ruthlessly predicted the death of asset managers as we know them. He argues that the growing number of cloud-based technology solutions enables customers to interact directly with the market – making asset managers a dying profession. With new technology and improved infrastructure, this will be a reality in no time, Joshua stated. “What you are doing is predicting the end of my career”, concluded asset manager in KLP, Magne Valen-Sendstad, in the debate that summed up the day. Read the entire article on E24.no. 

What you are doing is predicting the end of my career

 

Joshua Levin as closing speaker on Securities Disrupted 2019.
Joshua Levin as closing speaker on Securities Disrupted 2019.

 

Heidi Berg from nHack Shanghai was also one of the most popular speakers. She opened the conference with insights from China compared to Norway.
Heidi Berg from nHack Shanghai was also one of the most popular speakers. She opened the conference with insights from China compared to Norway.

 

Disruption in Norway: Crowdlending as an Asset Class?

Robotization, UX and crowdlending were other buzzwords being mentioned at the conference – the latter covered by Geir Atle Bore from FundingPartner. He is on a mission to shake up the SMB market by connecting investors directly with businesses in need of financing, and that with high returns. In fact, an hour before he entered the stage, FundingPartner released two new loans on their platform. Within hours, both of them were fully signed, with investors having pledged over 2 000 000 NOK. If this trend will develop into an asset class in the future remains to be seen, however, one thing is for sure: crowdlending is here to stay, and this is something the more established financial players will have to take into account sooner or later. Read the entire article on E24.no. 

 

Geir Atle Bore from FundingPartner offers a platform that connects SMBs directly with investors – with high returns.
Geir Atle Bore from FundingPartner offers a platform that connects SMBs directly with investors – with high returns.

 

The Partnership and Value Creation

Securities Disrupted is a result of our collaboration with SS&C Advent, Signicat, Morningstar and Schjødt. Since day one, the intention has been clear. As the illustration shows (though in Norwegian), the five companies complement each other and make up a complete customer journey across three dimensions: Quesnay is the connector and provider of this through a digital platform, backed up by the partners’ wide aspects of knowledge. Data, insight, and integrations have enabled us to develop a service for the finance and asset management sector that creates value through an optimized customer journey. All this while being in compliance with today’s and tomorrow’s strict laws and regulations.

The partnership between Quesnay, SS&C Advent, Signicat, Morningstar and Schjødt creates a seamless customer journey.
The partnership between Quesnay, SS&C Advent, Signicat, Morningstar and Schjødt creates a seamless customer journey.