Giulio Romanelli, Associate Partner, McKinsey & Company and John Pyall, Head of MGA Cockpit, Munich Re UK

Giulio Romanelli, Associate Partner, McKinsey & Company and John Pyall, Head of MGA Cockpit, Munich Re UK

Revolutionising Resilient Businesses

GC finds out how the finance and insurance sectors have been disrupted by the introduction of specialised technology, for an insight into what the future may hold for legal tech.

GC: In the legal sector, many people describe the emergence of legal tech start-ups as ‘fintech’s little brother’. Could you tell me about the emergence of fintech, Giulio, and how it has impacted the banking sector?

Giulio Romanelli (GR): Banking has historically been one of the business sectors most resilient to disruption by technology. However, in the last ten years, fintechs have moved quickly, forcing incumbents to rethink their core business models and embrace digital innovations. In the last five years, we’ve seen a significant journey as fintechs have become more and more mature.

Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact jasmine.glass@legalbusiness.co.uk