Xavier Vives:  New Entrants and Incumbent: Competition or Cooperation | Frontier Dialogue #5

On 25th May 2021, IESE Professor of Economics and Finance Xavier Vives and Jon Frost, Senior Economist at BIS joined us in the 5th Luohan Frontier Dialogue to discuss “Digital Financ New Entrants and Incumbent: Competition or Cooperation”. Xavier Vives laid out the comparative advantages and disadvantages between incumbent financial institutions, big tech companies, and fintech companies. According to Vives, the future may hinge on who can monopolize their interface with customers and win their trust. Luohan's Frontier Dialogues series are organized in the formats of symposia, but differentiate themselves from conventional academic symposia in several ways. The Dialogues are transdisciplinary, where theorists meet with practitioners, and are supported by the knowledge of frontier digital practice and big data. Equally important, we hope we can systematically define and improve our understanding of some of the most critical first-order questions when moving toward a digitized world. Of course, underlining each dialogue is the hope our discussions, insights, and research can make the world a better and more equitable place. For more about Luohan Academy visit: https://www.luohanacademy.com/