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Hi, everyone. This is Lily Li.
I have practice experience
in financial services and
management consulting
industry for
over 14 years ranging
from business strategy,
investing, product development
and management as well as
innovation, ideation
from beginning
to the full blown execution.
Today, I will invite
you to imagine
the next generation world
that we are getting
into with me.
Furthermore, to
understand the context,
the operating possibility
for the field of
wealth and asset management in
the digital banking could be
vastly different. Let's begin.
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Practical research facts and
thinking in this
talk started back
in 2018 when a pivot
point happening of digital
engagement in the market.
We have already witnessed
those anticipations
taking place.
Flashing back, as we know
the smartphone was
actually invented in
the very early '90s and we were
having the Internet
of Things in 2009,
Google Glass in 2013,
Apple Watch in 2015.
We also know that
the first mobile app
was only happening in 2008.
That means basically,
the common observation
is that most of
these ground-breaking
innovations are
taking slow mass market
adoptions and extension.
This explains why the first
mobile app only happened
16 years after the
first smartphone.
In today's world, of course,
we are also entering the era of
generative AI with GPT-4o,
Claude 3.5 Sonnet,
Perplexity Pro, etc.,
that is introducing
a new interface
to know the world
and to interact.
Coming to the voice
intelligence,
which we also know is vastly
adopted in the digital
banking world.
Believe it or not,
the first voice
recognition machine was
invented in 1952 by
Bell Laboratories.
The voice system first
became popular widely in
the early 2010s when Apple
introduced Siri in 2011.
This echoes back to what
we're talking about.
It takes a long time to
adopt to mass markets.
However, the next phase of a
decade usually accelerated
exponentially to the
estimated scale of
greater than world population
assistance in 2024.
Similarly, with the new AI wave,
we already passed
the first phase of
investing but yet, we're only at
the beginning of the
AI development and
applications which we'll review
within the next 10 years.
Understanding the gap between
