THE FINANCIAL SERVICES
TIME MACHINE REPORT 2023

FEB

9

12:00

LIVE WEBINAR: 12:00 (UK) 9th Feb 2023

This 2023 Time Machine report will see 100 teenagers from City College Leeds answer this question:.

How might we ensure that our financial services institutions are the guardians of our future world?

As regulation, procurement and consumer trends are pushing ESG up the agenda more questions are being asked of the efficacy of the ESG activities being reported.  With the summer of 2022 seeing Europe literally burn a new generation have inherited climate impact and have little appetite for excuses. 

These future customers expect our financial services institutions to be taking action today to create the world of tomorrow they want to live in.

Join us for this sneak peak just 100 week before the students set off for their 2400 hr journey to dive into this question.

WHAT TO EXPECT FROM THE WEBINAR

AT THE WEBINAR YOU WILL BE:

 

  • inspired by the quality of ideas developed by the teenagers in previous reports and excited to see what they create in this project.
  • understand why involving teenagers in the development of an ESG strategy is so important.
  • see relevance to your business both for the report and the work that Startup Sherpas does.
 

Startup Sherpas are delighted to invite you on 9th Feb 12:00-12:45 to hear more about the Time Machine Report

Webinar Booking - Financial Services 2023 - 14th February

This report has been supported by Aviva…

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SNEAK PEAK: WHAT'S IN THE REPORT?

Who is Generation Alpha?  

Why Should I care?

How does this report help?

Introduction by Financial Service leaders  explaining why this question is important for the industry to answer.

Richelle Shuster explains why this is important for the City of Leeds and how to replicate this across the UK.

Gina Yates explains what the students will get from the experience.

Some of the trends we may see emerge…

Auditing ESG activities

Products that reward real impact.

Curated shopping experiences.

Making money AND a better world

Marketing to Gen Alpha – The Ultimate Blueprint.  How to use ESG to market to teenagers.

Designing services for the future we want to live in.

41 tools invented for remote innovation

The power of ‘SquadSourcing’

Diversity & Inclusion as standard

Innovation as a tool for career exploration

Top 10 Ideas from the Squad

Our Pick of the best ideas

Spotlight on Talent

The Talent Blueprint

Using your ESG activites to attract the best talent

For the whole Financial Services Industry

The impact of Generation Alpha on finance  is going to be felt across every part of the  ecosystem.  The way the relate to ESG activities and the role of their institutions are guardians is critical to future success. The 100 teenagers that will take part in this Time Machine report will provide a deep, rich dataset. The insights, trends and blueprints drawn from this are actionable, high impact and worth prioritising.

This is a must-read report for Banks.  Developing a bank that will attract and retain Generation Alpha is a challenge all banks, both High Street and challenger banks.  Your role as a guardian of the future is the winning strategy to win with these future customers.

Wealth Managers will want to read this report because Generation Alpha presents and opportunity for Wealth Managers to redesign how wealth is managed for a new generation who place their values on an equal footing with their returns.

 

Insurers need to read the report because it provides a long-term  view of the ESG approaches that future customers will believe in.  Given the work insurers are doing to create ESG measurement systems this will be hugely insightful.

Pensions companies have the opportunity to use their leverage as asset managers to simultaneously engage with a new generation who unline the generation before have a long term view and are being bought into a world of austerity, shortages and afear for the future.  These could be a golden generation for pensions companies to engage with.  IF.  they get it right.

Auditing the ESG activites of corporates has the potential to solve one of the very hardest questions “How do we make audit sexy?”.  The views of the early talent on ESG factors provides an opportunity to draw the top talent into the accountancy firms that are specifically the guardians of truth when it comes to how others are being held to account.

For all teams

The impact of Generation Alpha on finance  is going to be felt across every part of the  ecosystem.  The way the relate to ESG activities and the role of their institutions are guardians is critical to future success. The 100 teenagers that will take part in this Time Machine report will provide a deep, rich dataset. The insights, trends and blueprints drawn from this are actionable, high impact and worth prioritising. 

Innovation teams across the finance industry will want to read this report because it contains a goldmine of unique, well developed ideas that can be used to validate, expand and inspire your work against future customers.  

Marketing teams will want to read the report not only for the amazing ideas that these teenagers have created.  But most importantly for the Marketing Blueprint they generated for the finance industry. 

Customer insights teams will likely want to buy the report together with the dataset of all ideas generated (A goldmine of 740 ideas). 

 

 

There are 3 transformation priorities that we call out in the report, and the report should not only provide inspiration for transformation teams, but it should provide critical evidence for the need for change.  

The report provides a 5 year horizon view, that suggests work needs to commence now. 

We not only have a talent blueprint, and spotlights on diversity and inclusion, but have a proven way of developing diverse talent to develop an interest in working in finance. 

Given the breadth of this report it is highly relevant recommended reading for C-level executives and industry leaders.  Spanning talent, transformation, claims, distribution and new risk bearing products we do hope you will buy a copy for your organisation.  Especially as doing so supports our social impact. 

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The Social Impact this Report will Create

‘Trickle up economics’ is what we call our alternative to trickle down economics.  

We pay students to work on the report.  This allows us to entice a diverse set of students, not just the hand raisers.  

Some students spend their money on birthday presents for friends, others spend their money to help their families.  What they don’t do, is store it tax efficiently.  That’s why we believe in trickle up economics. 

Talent is everywhere.  Opportunity is not.  And it starts with work experience.  By giving a diverse set of teenagers their first work experience and a reference we help them through the first hoop.  

These are the 21st century skills that our students need to develop to thrive in the world they inherit.  

We do this by teaching them how to bring their ideas to life and share them with others. 

 

 

Our Squad Leaders on this Time Machine report were both female.  Rokeebat’s story is shared in detail in the report and shows how multiple interactions with Startup Sherpas develops gender diverse talent. 

25% of our teenagers discover their own entrepreneurial spirit by taking part in the Time Machine SuperSquad.  

We get a 5x increase in the students desire to explore their own startups when they take part.  

The Impact for the Insurance Industry

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