A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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The Digital Future in Finance: Battle of the Ecosystems
24 May 2018
11:00—12:15

The speed of change in the digital world sets the pace for competition. To an average user, the smartphone has become a one-stop shop for all services. It used to be enough for companies to do one job well; now they have to transform into ecosystems offering a one-stop shop for all the services their clients need in order to meet and exceed their customers’ new demands. Companies that started out in other industries (Amazon, Apple, Google, Alibaba) are migrating toward finance. Companies that used to operate exclusively in the financial sector are starting to adopt an ecosystem-based approach and branch out into related services. This approach is becoming increasingly common among Russian companies too. The clash of ecosystems penetrates into every aspect of competition between companies and drives the race for customers, talents and markets. The winner of the race will be the ecosystem that can meet the most customers’ needs and capture the most of their time. How do ecosystems come to be? What conditions lead to the birth of ecosystems in Russia and abroad? Are they the way to go or merely an attempt to square a circle? Should banks transform into tech companies to remain relevant in the age of ecosystems? How can financial companies avoid seeing their roles reduced to balance sheet providers as more online players with developed interfaces enter the sector? How can a company maintain leadership as an attractive employer and foster a creative environment in the financial industry, which is very much regulated and restricted by definition? What does a company of the future look like? Pursuit of the customer: what opportunities in terms of attracting and retaining customers do big data analytics and machine learning offer to ecosystems? What technologies will shape the future of financial organisations in the next five to ten years and is it reasonable at all to make such long-term projections in a highly dynamic world? Are financial ecosystems more collaborative or competitive? 2020 problem: how will the millenials with their changing habits impact the financial industry?

Date
24.05.2018
Forum
SPIEF
Started at
11:00—12:15
Conference hall
Pavilion F, Conference Hall F3
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