Alessandro Foti

Chief Executive Officer and General Manager, Finecobank Banca Fineco

Search every verified Alessandro Foti interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Alessandro Foti, Chief Executive Officer and General Manager of Finecobank Banca Fineco, has been a featured speaker in several interviews and events between 2023 and 2024, discussing banking technology, market conditions, and investment behavior. In a July 2024 interview, Foti described fintech companies as entities that perform the tasks that banks should do but fail to execute due to inefficient IT and operations platforms. He argued that many banks still rely on legacy architectures from the 1970s and contrasted this with Fineco's internal capabilities, stating that developing a new mobile banking app costs Fineco around €50,000, whereas in his previous experience at another group, a new app could cost two to three million euros due to reliance on external components. Foti also stated that to evaluate a fintech, he looks at whether its operating margin per client is improving over a trajectory of about five years; if it continues to deteriorate beyond that horizon, he would have questions as an investor. Earlier, in a July 2023 interview, Foti discussed the transition from a period of zero or negative interest rates to rapid rate hikes, calling it an extraordinary time in financial history. He expressed optimism about the economic outlook, saying the world does not stop and that he bases his optimism on the fact that humanity always finds ways to manage difficulties. In a March 2023 event, Foti emphasized that leaving money in a checking account is the worst possible choice and described the large amount of Italian household wealth sitting in cash "parcheggiata sui conti correnti" (parked in current accounts) as a fundamental problem. He has also described Italian investors as "straordinari risparmiatori ma sono dei pessimi investitori" (extraordinary savers but poor investors). In a 2017 interview, Foti introduced the term "Cyborg Advisor" to describe a future super-consultant who fully uses advanced technology and tools, along with personal emotional management and client interaction, drawing an analogy to a radiologist who uses detailed exams for diagnosis.