But first; 2008 in a few lines: The initial bankruptcy of Washington Mutual that year followed by Lehman Brothers and Bear Stearns were the iconic events of a deep, widespread, and severe systemic crisis due to the housing bubble that was fueled by a continuous flow of demand for real estate, demand in turn fueled by the massive granting of mortgages by retail banks to people with little capacity to payback the mortgage. These mortgages were then packaged up by investment banks and sold to private investors and sold with better ratings than they had.

 Facts: The bankruptcy of SVB is not a catastrophic event, since it is not bursting a bubble. There are no signs that the bankruptcy of SVB is the “burst” of a bubble that has not been made visible, or that said bankruptcy is the result of bad practices adopted massively by all banks in North America and part of Europe, as it was in 2008.

And the banking systemic risk would not be the usual kind of banking risk. “This Bankruptcy does not pose a risk of contagion, which is due more to Silicon Valley Bank ‘s business model than to more general problems in the banking system,” said analyst Jaret Seiberg of the specialized consultancy TD Cowen interviewed by Yahoo! Finance. In that sense, “systemic” exposure within the rest of the US banking system would be limited. SVB’s business model was almost unique. And while there is no obvious banking systemic risk, shares of many smaller banks still fell precipitously.

But there is another type of systemic risk, now mitigated by US Government; Many important large technology companies and many smaller ones (start-ups) were exposed to SVB. The Santa Clara (CA) bank reported funding 44% of venture capital-backed healthcare and technology IPOs in 2022, and 55% in 2021. The bank played a determining role in the financing of start-ups and the ecosystem; more than 3,500 startup CEOs have asked the Treasury Secretary to support company deposits since more than 200,000 employees eventually are at risk.  BIDEN itself appeared on national TV announcing that all deposits will be respected and backed by the government.

And this bankruptcy may not be a catastrophic sign, but it is a very serious alert. Being SVB the 16th largest bank in the U.S. we are not talking about a minor financial event; it is the second largest bankruptcy of a bank in the United States.

And eventually, SVB may be the canary in the coal mine;  First of all, ¿How did this happen? A run on deposits of the clients of the bank, that SBV management could not compensate as quickly as the regulation requires. That was a huge endeavor,  for the bank to achieve, among other things because its positions in Treasury assets were worth much less in the market than on paper. This is not an accident or lack of accounting accuracy: Every time the Fed raises interest rates, newly issued Treasury bonds pay better than older bonds, making them more attractive over older bonds, and making recently issued Treasury prices higher. previously issued bonds start to fall in their price. In a scenario of permanent interest rate rises, the price of purchased Treasury bonds will always tend to fall. Yes, you could wait for the 10 years of the Bond and claim your money back, but that is something not usually planned by the banks,

Many banks in the United States have started buying Treasury Bonds as the policy of increasing interest rates pushes down the prices of most other available investment vehicles, including gold or Bitcoin and most shares, it is thus that the banks have accumulated more than USD 620 billion in assets that now have lower prices than those that were purchased. A loss that has not yet been accounted for.

And this does sound like 2008; In that year, significant levels of assets had accumulated in bank accounts that could drop in price at any time, and if the price fell, they would become “the largest bag of odorous excrement ever assembled in the history of capitalism.” As Jhon Tuld would describe it as the character of the president of the investment bank in the movie “The Margin Call”.

So, summarizing how serious this is? How much of this can be made into a new 2008 will depend on the answers to the following questions:

• How many banks go out to sell those USD 620 billion right away, further reducing the price of those assets?
• How many small bank customers will run out to withdraw their deposits this week?
• Will Wall Street overreact to all this, pricing the share prices of banks dangerously low? Banks in general, and companies linked to anything that sounds like financing and technology will lead to an eventual fall in share prices. Towards the end of the week, we will see calmer in the market if no more technology or financial companies are going under.

For the world of Venture Capital and start-up financing, is a critical moment. This is a very serious blow to the world of VC and financing of nascent exponential companies (start-ups) that will generate recessionary waves since that many capitals placed in venture capital funds will be claimed by the owners to assess how the market evolves. Eventually, this means the VC world will come to a standstill for a few weeks or even months.

The FINTECH ecosystem at risk: Anything that sounds like tech + finance to the unsophisticated investor will sound like SVB. But beyond the collective investor hysteria that is coming, there are real effects on important segments of Fintech: What happened last Friday will generate enormous financial and regulatory pressure on the behavior and financial and operational resilience of  BNPL fintechs ( Buy Now Pay Later), firms that show almost exponential growth rates in their LOANS, something that can only be done with a very good credit origination methodology, but also with credit granting criteria that are a little more relaxed than those maintained by a traditional bank.

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Session: Humanizing Work – Step into the Human Age

Over the past years, work focus has moved from process and efficiency (industrial age) to technology and disruption (digital age) to purpose, meaning and belonging (human age).

Although organizations start to embrace ideas such as servant leadership, empathy, diversity and work-life balance, many are still far behind in their attempts to humanize work. The world has changed and so has our workforce. The focus now is on how to make work more fit for our people and our people more capable to prosper in continuously changing environments.

Step into the human age, where we’ll be talking about servant leadership, empathy, resilience, remote work, culture, education, new skills, curiosity, creativity, new work structures and how technology can help us serve new needs.

The future belongs to those with a different kind of mindset and different skills than ever before. This keynote will expose you to a provocative and crucial new way of thinking about a future that’s already here.

Additional information and programme ofDigital HRM Forum. The Future of HR & Talent Management – here

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Head of Health Design at IBM

Harriet has 7 years experience in delivering service design and user research in agile projects for the public sector. She works best with high energy, diverse, empowered teams. She cares most about creating brilliant services for the citizens of the UK which don’t overburden the incredible civil servants and NHS staff or clinicians who deliver them. Brilliant service design is crucial to the sustainable restoration and recovery of services post covid and she is eager to help shape services which are safe, future-proofed and citizen centric. She is currently leading the IBM Garage discipline in Healthcare, our method which combines lean, agile, DevOps, and user-centred design to facilitate speed to value in digital transformation.

Session: Health innovation without design is useless

This session will discuss the emerging role of user centred design methodologies to consider , the user , the operating model, the metrics , the culture . the reason much of our innovation in healthcare doesn’t deliver the expected outcomes is that it fails to truly consider the human and systemic aspects of change. We will discuss how this can be turned round to better integrate digital opportunities into re-invented work flows.

Additional information and programme of International Digital Healthtech. Healthcare & Pharmacy Conference – here

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Chief People Officer at Staffing Venture Capital

Awarded Australian Leader of the Year at the Australian Excellence Awards, Jamie Getgood travels the globe as an International Keynote Speaker to share his career’s hallmark achievements and one of the world’s most effective and transformational culture initiatives, the General Motors Holden Transition. With General Motors Holden closing its manufacturing operations in Australia in 2017, he took on the leadership in the closure of the industry oscillating the focus around culture, people leadership, change management and employee engagement principles. Having these foundational pillars on the forefront and navigating away from the former command and control management, he & his team transformed GM Holden from a bottom quartile performer to one of the best General Motors quality plants in the world during the last 8 months of its existence. Shortly after the successful Holden Closure and Transition program, Jamie established Getgood Consulting and The People Shift which quickly grew to be a highly sought after HR service provider supporting companies across Australia and Asia/Pacific. He and his team handle some of the largest and most complex HR restructure, strategy and transition projects and have positively impacted the lives of thousands of Australians along the way. Jamie now has taken on the title of Chief People Officer for Staffing Venture Capital (SVC) which is a premium staffing provider for large corporations in the Healthcare industry in America. SVC goes above and beyond in providing efficient contingent staffing solutions, driving client and candidate affinity in every placement. Winning numerous awards, being featured on international TV, having co-authored books & publications, and having spoken at conferences around the world, Jamie is also widely recognized as a prominent advocate of People-based leadership & innovative culture & engagement practices. When meeting him, he is a living and walking testament of his work & philosophy, an honorable leader and a warm person who welcomes & values every conversation.

Session: Case Study: Leading through significant change

This raw, heartfelt session highlights the remarkable story of how we were able to turn the General Motors – Holden manufacturing business from a bottom quartile performer to the number 1 GM facility in the world. This was at the same time as announcing to its workforce that it would close 4 years later and was able to transition 86% of its workforce into jobs after they left Holden. The key foundation of this success stemmed from a change in leadership style and the development of a best practice Transition Centre.
This session highlights a number of principles surrounding good culture, leadership change, change management, strategic foresight and a pure desire to put our people first and how these lessons are relevant in the changing digital world we are now living in.

Additional information and programme of Digital HRM Conference. The Future of HR & Talent Management – here

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Chief Medical Officer at IBM

Mark joined IBM as Chief Medical Officer for Europe, Middle East and Africa in 2018. He has over 20 years’ experience as an NHS general practitioner. He has a long-standing interest in informatics, health policy and system redesign and this has led him to work nationally for 15 years in a number of clinical leadership roles at the Department of Health, Cabinet Office and, most recently, as executive medical director of the NHS Digital. Mark led an initiative with the US government on common data and health technology standards which led to a landmark agreement between the UK and US governments. He led the health transparency initiatives from cabinet office which led to some of the largest open data initiatives in the world. He was European Medical Director of the global health informatics specialist MedeAnalytics between 2014 and 1027 specialising in population health. He chaired the health analytics committee within the industry group TechUK. In 2003 he founded one of the largest social enterprise providers in the UK – Local Care Direct, which developed an early model of integrated urgent care using multi-professional groups which continues to cover a population of 3 million people. He is a non executive director of the British Medical Journal.

Session: Health Innovation and transformation without design is pointless

This session will discuss the emerging role of user centred design methodologies to consider , the user , the operating model, the metrics , the culture . the reason much of our innovation in healthcare doesn’t deliver the expected outcomes is that it fails to truly consider the human and systemic aspects of change. We will discuss how this can be turned round to better integrate digital opportunities into re-invented work flows.

Additional information and programme of International Digital Healthtech. Healthcare & Pharmacy Conference – here

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CEO at Lauri-Ann Ainsworth

Lauri-Ann is a speaker, trainer, and coach on a mission to help coaches, consultants, and entrepreneurs to discover their niche in life and business so they can take action and move forward with clarity, confidence, and intentionality. She helps driven women to work and lead from their zone of genius and make self-care a priority to thrive in life and business. She is the CEO of the Richard Branson Centre of Entrepreneurship and a Certified Life & Holistic Wellness Coach.

Session: Chaos to Clarity – How to find your niche and discover fulfilment.

Everyone wants to feel fulfilled personally and professionally. We want to understand where we fit in. We want a reason to wake up in the morning feeling excited and ready to win the day.

This presentation pulls on Lauri-Ann’s own experience, research, study and 15 + years of work in marketing and entrepreneurship that led to a simplified methodology to help people get clarity on their niche.

In this session, participants will learn tools to help them uncover who they are, their unique strengths, what matters most in their lives and how they can use these insights to do more work that’s fulfilling.

Additional information and programme of Women Entrepreneurship & Digital Technologies. E-leadership Conference – here

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CTO at NetraDigital, Adviser at Tilebase

Denis Nwanshi is an experienced technology delivery executive, fintech innovator and expert in distributed ledger architecture. Specializing in data management, blockchain, cybersecurity, cloud and the API economy, his track record includes leading the design and implementation of enterprise-grade solutions for the banking, global payments, regtech, e-government, retail/ecommerce, insurance, and telecom sectors.

Session: Blockchain, cryptocurrencies & CBDCs: Catalysts for Open Finance Innovation

As regulators and government agencies determine the future of cryptocurrencies, stable coins and central bank digital currencies (CBDC), advances in blockchain technology continue to create exciting new opportunities to transform inefficient business functions and deliver on the promise of democratizing access to financial resources.

Perhaps the most potent representation of this shift is Open Finance – a trend whereby fintechs merge blockchain technology and API-first integration with existing banking products and services to empower consumers to make better financial decisions through enhanced transparency. Built on the principles of Open Banking and Open Data, Open Finance is set to create new experiences for consumers by enabling third parties from other sectors to access a broader set of data on financial products and services, and thereby drive competition on product quality, price and financial innovation.

One of the challenges posed by Open Finance is that the API stack is primarily constructed on existing fiat currency and legacy centralized infrastructure, unlike fully decentralized applications (DeFi) which reside on blockchain and uses cryptocurrency and smart contracts to deliver customer value. The use of APIs in Open Finance to connect banks and third parties also present other challenges and risks such as data security, data privacy, increased financial exclusion, cross-platform friction, platform monopolies, all this on top of the regulatory uncertainty.

Cross-industry stakeholders are looking closely into how best to prepare for this new open banking/open finance ecosystem, while also positioning the business to adapt to future regulation on cryptocurrencies and central bank digital currencies (CBDCs). With Open Finance set to enter the mainstream, cryptocurrency payment volumes increasing and CBDC planning discussions gaining momentum, an integrated and adaptable strategy that can support fiat payments infrastructure in parallel with cryptocurrency represents the safest target state.

This session will outline some key considerations for cross-industry stakeholders and propose a framework for driving sustainable innovation.

Additional information and programme of International Conference on Crypto Finance & Blockchain Technologies – here

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Social Media Strategist at Social With Amanda

Amanda is passionate about helping small businesses grow on social media. She has been helping business owners stand out and attract their ideal clients on Instagram and TikTok for over 3 years. She combines strategy and the latest trends to create content that converts. When she’s not helping her clients or reading about the latest social media updates, you can find her spending time with family and friends at the beach!

Session: Everything You Need To Know About TikTok Marketing

Learn how your small business can use TikTok to attract and convert followers into customers and clients.

Additional information and programme of Video & Social Media Marketing Conference – here

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Director, Product Management

Sachin brings an eclectic mix of Hardware and Software product development and management experience. A seasoned executive and entrepreneur with 20+ years of experience in developing products for both B2B and B2C markets.

Session: Digital Transformation journey start at Network

The world has become digital. Companies that do not transform themselves will be left behind in this race for driving more value from the data they don’t even know they hold in their enterprise. Although there are many dimensions to this transformation, it starts at digitizing the network. Not only networks need to be agile to meet the new business demands but they should be self-healing to provide almost a 100% uptime. Learn how you can digitize your network and fully-utilize this data gold-mine that you didn’t know existed.

Additional information and programme of Digital Innovation & Start Up Summit – here

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Deputy Chairman at Professional Association of Robotics and Automation

Yonko Chuklev is the Deputy Chairman of the Board of “Professional Association of Robotics and Automation: (PARA). He has worked on initiatives such as Robotics Strategy Forum, the first specialized exhibition on educational robotics in Bulgaria – Robo Days, the first interactive map of clubs and schools teaching robotics in Bulgaria as well as the founding of the robotics club at Sofia Tech Park Clubhouse. His professional experience includes working on projects in London and New York. He has been a lecturer at events such as TEDxSofiaUniversity and has participated as an economic and tech analyst in multiple media outlets.

Session: 2021 technology advancements in manufacturing

First, I will share my views on what type of industry innovations we saw in 2021. I will share my views regarding early results from new manufacturing models such as the use of microfactories (e.g. the case of Arrival) and distributing models – cargo drone airports and micro fulfilment centers (e.g. cases of Dronamics and Walmart).
Second, I will focus on the new technologies which paved their way into more and more factories in 2021 developed in 2021 such as simulation systems, mobile collaborative robots, autonomous delivery vehicles, positioning tech for warehouses, autonomous weeding robots, 3D metal printing, etc.

Results can be shared on the impact of those technologies on manufacturing such as increased production and storage capacity, energy saving, noise and physical strain reduction, etc.
As a final note I will cover where manufacturing in the EU and policymaking have crossed roads by highlighting the expected results from the EU manufacturing initiatives shaping the European industry – Battery 2030+ initiative and the European initiative on processors and semiconductor technologies.

Additional information and programme of International Conference on Robotics Automation & Artificial intelligence Systems – here

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