Link between FINance and TECHnology. Forging strategic innovation for Wealth Managers, Asset Managers and Banks with insights, vision, lateral thinking and constructive criticism nurtured by hundreds of yearly meetings with FinTech innovators and industry leaders on a global scale.
Thought leader - IBM Watson Financial Services.
Previously, Risk Manager and FinTech entrepreneur.
Robo-Advisors, Goal Based Investing, Gamification
Personalise personal finance!
Innovation in financial technology has only begun to disrupt the wealth management industry, and is leading to a tectonic shift whereby investors and tech-savvy financial advisors can become the new price-makers in the global democratisation of banking. FinTech Innovation delves deeply beyond simply describing the disruption examining, in detail, the underlying processes to illuminate exactly what is happening and why its happening so that you can engage with and thrive in the new marketplace. Through a behind-the-scenes look at Robo-Advisors and their part in the turnkey, low-cost personalisation of Goal Based Investing, this cutting-edge guide opens a tangible path for using technology to gain a competitive advantage, establish your value as a human advisor and "rewire" investors' minds to positively engage with investing. This authoritative guide pulls back the curtain to reveal:
本书揭示了促成创新思维的各种力量, 密切审视了财富管理行业发生的革命, 尤其是数字化咨询、 个性化投资和能够洞察客户行为的认知分析方法。本书的目标是改善金融顾问和客户之间的投资体验, 让他们得以用更为直观的、 目标导向的投资话语进行交流 。不管是金融科技公司还是从事数字化的机构, 谁能利用智能投顾进行目标导向的投资, 谁就最有希望超越对手。
个人投资者、 金融顾问、 投资组合经理、 技术和数字化经理、 银行业高管和金融科技企业家都可以从这本书中得到对财富管理行业转型的深刻见解, 从而理解新技术和定量金融之间的联系, 并适应更加严格的市场监管和更高的信用标准。
Italian Edition - Feb. 2017
Avoid financial advice commoditisation!
The evolution of the regulatory framework (MiFID2 e PRIIPS) and FinTech innovation (Robo-Advisors) triggered a process of transformation of Financial Advice 2.0. The traditional approach based on products distribution and selling of “potential performances” (forecasts), is getting replaced by a new advisory norm based on regulatory requirements which take from the analysis of investors' goals (advisory Gamma) and the search for yield via rebalancing and switches (advisory Alpha time). MiFID2 introduces structural changes in financial advice DNA, requiring full transparency on costs and benefits with regard to investors' risk profiles. At the same time, PRIIPS introduces probabilistic scenarios based on agnostic and neutral techniques while risk-free rates are null or negative. Financial Advice 2.0 consolidates all these regulatory requirements in a singe business model which adds value to final clients, hence justifies the profitability of intermediaries and manufacturers, and features two distinct yet circular phases First, goal-based ON-BOARDING transforms profiling form an admin task into an engine of added value through the knowledge of clients and their wealth. Second, the IN-BOARDING of the investment solution maximises the probability of achieving investment goals within the Suitability Framework, granting an upgraded space to foster a balanced analysis of financial markets, modern techniques of portfolio construction and investment “timing”. Probabilistic scenarios are not just confined to products regulation (KID) but add value through portfolio simulations.
The alternative to Financial Advice Transformation is commoditisation.
Maximise the probability of reaching your goals
Heart and soul of Goal Based Investing!
What truly matters to long-term investors is the probability to achieve their PERSONAL FINANCIAL GOALS through their life cycle (targets of total return or retirement income). PSO provides the principles and quantitative framework to feature the probability of achieving multi-period financial goals as the objective function, within a scenario-based and risk-constrained optimisation exercise. The adoption of Goal Based Investing principles leads to a change in perspective from MPT (Markowitz and Black-Litterman), based on the author's research and experience in Risk and Wealth Management.
Co-author FinTech Book
A front-line industry insider's look at the financial technology explosion!
The FINTECH Book is your primary guide to the financial technology revolution, and the disruption, innovation and opportunity therein. Written by prominent thought leaders in the global fintech investment space, this book aggregates diverse industry expertise into a single informative volume to provide entrepreneurs, bankers and investors with the answers they need to capitalize on this lucrative market. The financial technology sector is booming, and entrepreneurs, bankers, consultants, investors and asset managers are scrambling for more information: Who are the key players? What's driving the explosive growth? What are the risks? This book collates insights, knowledge and guidance from industry experts to provide the answers to these questions and more.
Main stage at Morningstar flagship event
Do you know what's like sharing main stage with amazing host Tricia Rothschild picking your brain on #FinTech Innovation, industry veteran Don Phillips sharing his knowledge, top US financial advisor and commentator Joshua Brown (aka The Reformed Broker) nailing down industry pain points? "Simply inspiring to me".
Keynote IES 2017 Hong Kong
Banks are transforming from transactional businesses to service oriented organisations. This r-evolution of business models and revenues requires #FinTech innovation based on Knowledge Digitization (Cognitive Augmented Intelligence) to face disruption successfully and achieve sustaining growth.
Hong Kong TVB Pearl - Money Magazine
Interview on FinTech Inovation
Presentation of bestseller FinTech Innovation, discussing Artificial Intelligence, the role of Robo-Advisors and the future of HK innovation hub.
Regulation, Innovation and Reliability
IBM Thought Leadership - part 1
Regulation and FinTech innovation are transforming banks from "distribution channels of products" into the "digital packaging of advice". IBM Thought Leader Paolo Sironi discusses how FinTech, Banks and IBM can work together to transform banks' business models intelligently.
Robo-Advisors and Digital Wealth Managers
IBM Thought Leadership - part 2
Robo-Advisors are transforming personal finance and forcing wealth managers to rethink the role of financial advisors. IBM Thought Leader Paolo Sironi discusses how FinTech innovation can augment advisors and final investors with cognitive gamification, and help them to make better investment decisions in a digital world.
Creating a Model fo Customer Centricity
IBM Thought Leadership - part 3
Personalization of financial services is a mantra in today's digital economy. IBM Thought Leader Paolo Sironi discusses how FinTech innovation can help wealth managers unlock client insights with cognitive analytics, and achieve true investment personalization with goal-based investing.
FinTech Innovation: from Robo-Advisors to GBI and Gamification
90" Book presentation
Q&A: Can you tell us about your book? What is the link between Robo-Advisors, Goal Based Investing and Gamification? Who is reading your book?
60" FinTech in Asia
60" FinTech talks @thepsironi
Takeaways from Finnovasia (Hong Kong) and World FinTech Forum (Seoul)
60" Robo-Advisors Europe
60" FinTech talks @thepsironi
Takeaways from Robo-Investing Conference Europe @ Level39
60" Wall Street and Silicon Valley
60" FinTech talks @thepsironi
Wall Street and Silicon Valley's conversations.
Launch FinTech Book event
World wide launch of The FinTech Book
Great event in London at presentation of The FinTech Book sponsored by IBM.
My Robo-Advisor was an iPod.
My chapter in The FinTech Book
Animated cartoon about my contribution to The FinTech Book: Robo-Advisors are disruptive innovation, Goal Based Investing is sustaining innovation.
Goal-based model portfolios with probabilistic scenarios
PSO without formulae.
Animated cartoon explaining how to create goal-based optimal portfolios with PSO.
Goal Based Investing
Interview by Risk.net
Why GBI is the new way forward in wealth management.
Probabilistic Scenario Optimisation
Interview by Risk.net
PSO is the quantitative heart and soul of Goal Based Investing.
Thought Leader - Spokesperson
IBM Watson Financial Services
Paolo links Finance and Technology through strategic innovation, demonstrating international expertise in wealth and asset management, risk management and corporate banking. Pioneer in understanding the practical implications of AI and FinTech digitalisation to manage institutional risks and personal wealth, he founded a FinTech joint-venture (2008) to automate and personalise personal finance. The company became a part of IBM (2012) following the acquisition of funding partner Algorithmics, world leader of risk management solutions. Paolo has a decade-long quantitative and managerial expertise; he was previously head of market and counterparty risk modeling at Banca Intesa Sanpaolo.
Oct 2008 - Oct 2012
Founder and Managing Director to grow a nascent joint venture (Sal. Oppenheim Bankhaus / Algorithmics) into an international business addressing portfolio and investment analytics.
Director - Risk Management
Advanced quantitative methods
Feb 1997 - Oct 2008
Head of Market Risk and Counterparty Risk modelling. Approved first internal model (Basel I) for capital adequacy. Reporting to regulators, top management and trading floors.
(Banca Intesa Sanpaolo, previously Banca Commerciale Italiana)
Jun 1996 - Feb 1997