Traditional Banking Is Ripe for Disruption. What Does That Mean For Your Money?

Chime, Venmo, Robinhood, Stripe – odds are you are using at least one of these Fintech apps. The reality is these companies won’t put companies like JP Morgan Chase out of business but in some pockets of the world, and with some customer segments, they are chipping away at market share. Some say traditional banking is ripe for disruption especially in the age if AI. What might that look like and is your money safe?

Mike and Yael talk with Ian Appel, UVA Darden Associate Professor and Academic Director of Richard A. Mayo Center for Asset Management, about Fintech and the future of banking.

Ian earned an M.S. and Ph.D. in finance from The Wharton School of the University of Pennsylvania and his recent work studies different types of institutional investors, corporate environmental behaviors, and governance in decentralized finance.

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About the Expert

Yael Grushka-Cockayne

Vice Dean; Senior Associate Dean for Professional Degree Programs; Altec Styslinger Foundation Bicentennial Professor of Business Administration

Grushka-Cockayne’s research and teaching activities focus on decision analysis, forecasting, project management and behavioral decision-making.

As an expert in the area of project management, she has served as a consultant to international firms in the aerospace and transportation industries. She is the secretary/treasurer of INFORMS Decision Analysis Society, a U.Va. Excellence in Diversity fellow and member the Project Management Institute.

B.Sc., Ben-Gurion University; M.Sc., London School of Economics; M.Res., Ph.D., London Business School

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About the Expert

Michael Lenox

Interim Dean; Tayloe Murphy Professor of Business Administration

Lenox’s expertise is in the domain of technology strategy and policy. He studies the role of innovation in helping a business succeed. In particular, he explores the sourcing of external knowledge by firms and this practice’s impact on a company’s innovation strategy. Lenox has a longstanding interest in the interface between business strategy and public policy as it relates to the natural environment; his work explores firm strategies and nontraditional public policies that have the potential to drive green innovation and entrepreneurship.

In 2013, Lenox co-authored The Strategist’s Toolkit with Darden Professor Jared Harris. His latest book,

Lenox is a prolific author; his most recent book, Strategy in the Digital Age: Mastering Digital Transformation, examines how digital technologies and services enable the creation of innovative products and services, as well as identifying new competitive positions.

B.S., M.S., University of Virginia; Ph.D., Massachusetts Institute of Technology

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