[Applause]
[Music]
[Applause]
[Music]
[Music]
hmm yeah so I consider myself a dreamer
because I like to challenge the hardest
problems probably and so I encourage
everybody to feel themselves this the
same way and obviously there will be a
lot of failures on the way but sometimes
we will make it right the one problem
that I’m trying to solve today is the
fact that digital transformation is not
only changing the way we actually behave
the actually we use a little phone today
that can do a lot more things that we
could do like 10 years ago but it’s
really radically changing the way we
work and the way we live and for me the
way we work is one of the most
interesting problems that we have today
because more and more I’ve been close to
experiencing what is this new world
called gig economy sometimes or
self-employment and the fact that more
and more people are looking into moving
from this traditional way in which we
used to work with a one-time full
contract in the same company for your
whole life into moving countries moving
jobs and changing jobs and having the
opportunity to feel free to select what
kind of career you want to do the
problem is that when this kind of thing
is happening in a world that is not
ready to take on this big challenge
there’s a lot of people that feel
excluded and left behind and one of the
big sectors that is excluding these
freelancers or self-employed is the
financial industry let’s start by my
career and by my life I’ve actually
lived over three continents in ten
cities and in the last eight years I’ve
been working in startups mainly in a
very risky job as you can imagine
because you never know if the startup is
going to be there the next day
and actually over the last two years I
decided to become a self-employed
employee and so not have anymore a
full-time contract I’ve changed more
than six jobs after my MBA and I’m
actually 33 years old and I’m a single
woman which is something that generally
in the world is considerate of finance
it’s considered very scary
so my profile
for a financial banker is considered
something that is out of the norm they
can’t put it in a box because they are
used to this kind of person where you
kind of have one one you go to school
you have one job all your life and then
you save for your pension and this is
the kind of box in which Finance has
created products for and clearly when I
look at the people I’m talking to I know
a lot of you can identify with my kind
of career my kind of like out of the box
sort of numbers and this is why I want
to show you a few numbers that show that
I’m not alone there’s first hundred
thousand graduates that have left Italy
overall there’s about 24,000 that live
that leave left in 2015 alone this mean
it’s people that are deciding to leave
their hometown and to try something new
but what does this mean for the
financial industries that you use your
financial history because whenever you
change country people kind of like wipe
out everything you’ve had before and
they see you as like a person with zero
financial history people used to get
married at 24 just in 1985 and now the
average age of marriage is 2015 there’s
less and less women who decide that
marriage is the first thing they want to
do and they are deciding to pursue a
career first and so this is also
changing the way a financial institution
used to see like a couple as a
financially reliable sort of family home
and now they have to be get more and
more used to single individuals there’s
already 21.9% self-employed people in
Italy and actually Italy is one of the
highest countries in the world as a
percentage of employment of
self-employed already and I really
believe this is a trend that is only
going to get higher in just in the 1980s
people used to change about 1.6 times
jobs five years out of school and now
this numbers already to 0.85 so my fix
is quite high but I still think that
it’s kind of getting there and why is
all this important it’s because these
are trends to show you that I am NOT
alone and so I don’t feel that the
problem that I
see on myself is just for me I think
it’s for all of us and I hope you can
identify it with me on this the real
important problem is that once financial
institutions decide to exclude people
from their from their environment then
what happens is the country still lag
behind on financial literacy finance is
not taught in any school and it’s very
strange that somebody has to make a
decision about their financial life on
their own and there is no like financial
advisor that generally is willing to
help because you don’t fit the box that
they’re used to in terms of advice and
therefore actually it’s really kind of
not encouraging to see that Italy has
one of the lowest financial literacy
numbers of developed countries and in
developing countries this is only what
gets only worse and this gets this
especially worse when you look at a
certain type of population the younger
the women and the self-employed so this
is the kind of thing that for me needs
to radically change how can we think
about changing this well you know I
tried to find a lot of solutions from
reading what it was happening abroad and
seeing actually what other policies are
coming in place to take into into
control let’s say what is happening in
this phenomenon of new labor and it’s
very hard to see people not tackling the
problem like directly and saying okay
we’re going to stop all the platforms
that do gig economy workers because this
is bad for jobs or we’re going to like
try and it like make sure that people
are not considered properly employed if
they are not with a full-time contract
and this we hear in the news all the
time in Italy and it’s a shame because
instead of solving the problem directly
and going to impact the labor
transformation I think that the real
solution is to transform the environment
around the workers because if they can
have a proper financial system that is
backing them then they can actually
really survive and become proper
entrepreneurs and proper small
businesses and this is the real like
challenge that I’m wanting to face me
and my team of ten now decided to start
a product called over money for now it’s
just a simple app and it’s gonna become
a bigger platform to bring financial in
education in the phone of everybody so
you don’t need to anymore go to the
financial advisor or to your bank branch
to feel that you have somebody that’s
supporting you in your financial
decisions the way that we do it is using
a basic concept that it’s called
collective intelligence and actually
collective intelligence is something
that has existed forever philosophers
have talked about it a long time the big
difference is that over the past few
years and especially in the last ten
years
the ability of machines to process data
has become exponentially better and so
now we find ourselves in a world where
data has become real currency and
machines can process a lot of a lot of
data and you could know it’s this whole
new world of what is called artificial
intelligence so using data and using
algorithms to analyze this data
collective intelligence is a small part
subset of this artificial intelligence
and it just means that in a world where
not only we can collect data but we can
collect the way people interact with
each other online because there’s more
and more social media more and more
peer-to-peer sort of products that we
can see a new pattern not just analyzing
single data of people but actually and
applying on top of it a layer of overall
interaction between people by using
these two solutions we can actually take
this world of excluded let’s say
excluded people from the financial world
and making them more reliable why
because we can track behavior we can
show people how they’re behaving
differently from their peers how they
can improve their financial behavior how
they can spend better how can they how
they can learn to
save and what products financial
products they can actually select that
will help them this in the decisions of
for example putting away money for a
home or for university of their kids or
for a pension and by using this simple
tool and it’s very powerful technology
you can really put in the hands of
everybody the power to make the
decisions that they didn’t have before
and I hope that with this by helping in
a little bit with a small step to
reshape the way finance sees this new
world of self-employed workers that
there will be again the ability for
banks to see that giving capital and
giving liquidity to this whole market
will just improve the ability for these
self-employed to become their own
businesses in the end what is important
for us is that obviously technology
can’t happen on its own there’s a lot of
that we can build but it always comes
around to people we believe that what
we’re trying to build is a community is
a community that works together to
create this kind of solution and that
because it’s more mostly based on
collective intelligence it’s mostly
based on people and people interacting
with each other and so even if it is
online and it’s not always of offline
and it’s not always offline offline is
what we can start to build in terms of
communities and therefore if we start to
really try and find these kind of
solutions that over but many others are
going to bring on to see ways in which
we can become financially reliable we
can solve this problem of not feeling
excluded just because we have a
different job than what the society sort
of told you that was the job you had to
do and I want to leave you with a small
consideration I and many of you by
growing up in Italy
you go to college we were still brought
up in a place where it was like a few
jobs that you could do and those were
the right jobs to go and pursue
when I decided to be an entrepreneur it
was still seeing like a very crazy and
very risky kind of decision and I was
very lucky that I had a supported family
but I didn’t always have society on my
side and I sort of also had a career
into a very complicated let’s say
technological evolutions that were
really trying to change certain markets
and pushing the boundaries and therefore
it was really struggling always to sort
of push this barrier of like change and
change I believe is one of the hardest
things that people are able to do but if
we can create that kind of environment
to facilitate that change
I really believe there’s gonna be more
and more entrepreneurs that are going to
grow the economy of our country and
other countries in the world and it was
going to be more like in an incredibly
powerful environment for everybody so
just to a note I don’t know if everybody
knows but Italy is the place where
banking was invented so banks were
invented here and we can have the power
to make sure that we decide how the
banking industry changes from here thank
you
[Music]
[Applause]
[Music]
you
[Music]
[Music]
[Applause]
[Music]
[Music]
hmm yeah so I consider myself a dreamer
because I like to challenge the hardest
problems probably and so I encourage
everybody to feel themselves this the
same way and obviously there will be a
lot of failures on the way but sometimes
we will make it right the one problem
that I’m trying to solve today is the
fact that digital transformation is not
only changing the way we actually behave
the actually we use a little phone today
that can do a lot more things that we
could do like 10 years ago but it’s
really radically changing the way we
work and the way we live and for me the
way we work is one of the most
interesting problems that we have today
because more and more I’ve been close to
experiencing what is this new world
called gig economy sometimes or
self-employment and the fact that more
and more people are looking into moving
from this traditional way in which we
used to work with a one-time full
contract in the same company for your
whole life into moving countries moving
jobs and changing jobs and having the
opportunity to feel free to select what
kind of career you want to do the
problem is that when this kind of thing
is happening in a world that is not
ready to take on this big challenge
there’s a lot of people that feel
excluded and left behind and one of the
big sectors that is excluding these
freelancers or self-employed is the
financial industry let’s start by my
career and by my life I’ve actually
lived over three continents in ten
cities and in the last eight years I’ve
been working in startups mainly in a
very risky job as you can imagine
because you never know if the startup is
going to be there the next day
and actually over the last two years I
decided to become a self-employed
employee and so not have anymore a
full-time contract I’ve changed more
than six jobs after my MBA and I’m
actually 33 years old and I’m a single
woman which is something that generally
in the world is considerate of finance
it’s considered very scary
so my profile
for a financial banker is considered
something that is out of the norm they
can’t put it in a box because they are
used to this kind of person where you
kind of have one one you go to school
you have one job all your life and then
you save for your pension and this is
the kind of box in which Finance has
created products for and clearly when I
look at the people I’m talking to I know
a lot of you can identify with my kind
of career my kind of like out of the box
sort of numbers and this is why I want
to show you a few numbers that show that
I’m not alone there’s first hundred
thousand graduates that have left Italy
overall there’s about 24,000 that live
that leave left in 2015 alone this mean
it’s people that are deciding to leave
their hometown and to try something new
but what does this mean for the
financial industries that you use your
financial history because whenever you
change country people kind of like wipe
out everything you’ve had before and
they see you as like a person with zero
financial history people used to get
married at 24 just in 1985 and now the
average age of marriage is 2015 there’s
less and less women who decide that
marriage is the first thing they want to
do and they are deciding to pursue a
career first and so this is also
changing the way a financial institution
used to see like a couple as a
financially reliable sort of family home
and now they have to be get more and
more used to single individuals there’s
already 21.9% self-employed people in
Italy and actually Italy is one of the
highest countries in the world as a
percentage of employment of
self-employed already and I really
believe this is a trend that is only
going to get higher in just in the 1980s
people used to change about 1.6 times
jobs five years out of school and now
this numbers already to 0.85 so my fix
is quite high but I still think that
it’s kind of getting there and why is
all this important it’s because these
are trends to show you that I am NOT
alone and so I don’t feel that the
problem that I
see on myself is just for me I think
it’s for all of us and I hope you can
identify it with me on this the real
important problem is that once financial
institutions decide to exclude people
from their from their environment then
what happens is the country still lag
behind on financial literacy finance is
not taught in any school and it’s very
strange that somebody has to make a
decision about their financial life on
their own and there is no like financial
advisor that generally is willing to
help because you don’t fit the box that
they’re used to in terms of advice and
therefore actually it’s really kind of
not encouraging to see that Italy has
one of the lowest financial literacy
numbers of developed countries and in
developing countries this is only what
gets only worse and this gets this
especially worse when you look at a
certain type of population the younger
the women and the self-employed so this
is the kind of thing that for me needs
to radically change how can we think
about changing this well you know I
tried to find a lot of solutions from
reading what it was happening abroad and
seeing actually what other policies are
coming in place to take into into
control let’s say what is happening in
this phenomenon of new labor and it’s
very hard to see people not tackling the
problem like directly and saying okay
we’re going to stop all the platforms
that do gig economy workers because this
is bad for jobs or we’re going to like
try and it like make sure that people
are not considered properly employed if
they are not with a full-time contract
and this we hear in the news all the
time in Italy and it’s a shame because
instead of solving the problem directly
and going to impact the labor
transformation I think that the real
solution is to transform the environment
around the workers because if they can
have a proper financial system that is
backing them then they can actually
really survive and become proper
entrepreneurs and proper small
businesses and this is the real like
challenge that I’m wanting to face me
and my team of ten now decided to start
a product called over money for now it’s
just a simple app and it’s gonna become
a bigger platform to bring financial in
education in the phone of everybody so
you don’t need to anymore go to the
financial advisor or to your bank branch
to feel that you have somebody that’s
supporting you in your financial
decisions the way that we do it is using
a basic concept that it’s called
collective intelligence and actually
collective intelligence is something
that has existed forever philosophers
have talked about it a long time the big
difference is that over the past few
years and especially in the last ten
years
the ability of machines to process data
has become exponentially better and so
now we find ourselves in a world where
data has become real currency and
machines can process a lot of a lot of
data and you could know it’s this whole
new world of what is called artificial
intelligence so using data and using
algorithms to analyze this data
collective intelligence is a small part
subset of this artificial intelligence
and it just means that in a world where
not only we can collect data but we can
collect the way people interact with
each other online because there’s more
and more social media more and more
peer-to-peer sort of products that we
can see a new pattern not just analyzing
single data of people but actually and
applying on top of it a layer of overall
interaction between people by using
these two solutions we can actually take
this world of excluded let’s say
excluded people from the financial world
and making them more reliable why
because we can track behavior we can
show people how they’re behaving
differently from their peers how they
can improve their financial behavior how
they can spend better how can they how
they can learn to
save and what products financial
products they can actually select that
will help them this in the decisions of
for example putting away money for a
home or for university of their kids or
for a pension and by using this simple
tool and it’s very powerful technology
you can really put in the hands of
everybody the power to make the
decisions that they didn’t have before
and I hope that with this by helping in
a little bit with a small step to
reshape the way finance sees this new
world of self-employed workers that
there will be again the ability for
banks to see that giving capital and
giving liquidity to this whole market
will just improve the ability for these
self-employed to become their own
businesses in the end what is important
for us is that obviously technology
can’t happen on its own there’s a lot of
that we can build but it always comes
around to people we believe that what
we’re trying to build is a community is
a community that works together to
create this kind of solution and that
because it’s more mostly based on
collective intelligence it’s mostly
based on people and people interacting
with each other and so even if it is
online and it’s not always of offline
and it’s not always offline offline is
what we can start to build in terms of
communities and therefore if we start to
really try and find these kind of
solutions that over but many others are
going to bring on to see ways in which
we can become financially reliable we
can solve this problem of not feeling
excluded just because we have a
different job than what the society sort
of told you that was the job you had to
do and I want to leave you with a small
consideration I and many of you by
growing up in Italy
you go to college we were still brought
up in a place where it was like a few
jobs that you could do and those were
the right jobs to go and pursue
when I decided to be an entrepreneur it
was still seeing like a very crazy and
very risky kind of decision and I was
very lucky that I had a supported family
but I didn’t always have society on my
side and I sort of also had a career
into a very complicated let’s say
technological evolutions that were
really trying to change certain markets
and pushing the boundaries and therefore
it was really struggling always to sort
of push this barrier of like change and
change I believe is one of the hardest
things that people are able to do but if
we can create that kind of environment
to facilitate that change
I really believe there’s gonna be more
and more entrepreneurs that are going to
grow the economy of our country and
other countries in the world and it was
going to be more like in an incredibly
powerful environment for everybody so
just to a note I don’t know if everybody
knows but Italy is the place where
banking was invented so banks were
invented here and we can have the power
to make sure that we decide how the
banking industry changes from here thank
you
[Music]
[Applause]
[Music]
you
[Music]
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