Ahead of Harnessing Fintech Innovation in Retail Banking 2017 we spoke to Banking Analyst Resham Karira about what she’s looking forward to at the event, and how fintech will shape the future of the industry.
What is happening within banking at the moment that excites you?
The concept of co-innovation is becoming more important within the financial services industry, and established players are now more actively engaging with emerging innovations. I’m most interested in understanding how fintech labs and sandbox environments are determining the way forward for real-time experimentation and implementation of innovation, and how this will transform the provision of banking services over the coming years.
Which presentation are you most looking forward to?
I’m particularly interested in what Justin Newton has to say about creating blockchain solutions that allow businesses to take advantage of the opportunities the technology presents. For instance, a number of banks and fintech start-ups are implementing blockchain technology for cross-border payments and finding new ways to exchange data. It will be interesting to see how banks can collaborate with fintechs while meeting the needs of their stakeholders – namely delivering a sustainable innovation strategy and adding value to existing customers.
How do you think innovation will shape the banking industry in the next five years?
From blockchain to biometrics there has been significant progress. We will see further partnerships between incumbents and fintechs creating solutions that will drive enhanced results for retail and small business consumers. In my view, the value that can be generated from open APIs, personal financial management, AI, and blockchain represents the biggest opportunity from taking an open approach to innovation.
Focused on equipping banks with the tools necessary to create a sustainable innovation strategy, Harnessing Fintech Innovation in Retail Banking 2017 will be packed with interactive and thought-provoking sessions. The two-day event will cover topics such as nurturing a culture of innovation, best practices for integrating with fintech, and the opportunity PSD2 offers to both banks and fintechs. Delegates will also have the opportunity to network with representatives from the top European banks and regulators. You can register for the event here.
By Resham Karira, Retail Banking Analyst