Europe’s most successful event organizers come to Amsterdam in 2018. ING Bank’s former Headquarters, ‘De Schaats’ (The Skate), will be the venue for the inaugural Amsterdam FinTech Forum. More than 200 executives will get together and share experience, views and ideas around the European ecosystem. Please visit the event website for more details on agenda, speakers and registration: www.amsterdamfintechforum.com
09:00 – 11:00
Session 1: FTh = B² | European FinTech Landscape
This session explores the recent trends and developments in the European FinTech landscape, and the benefits that FinTech can offer to consumers and firms in terms of access to financial services and strengthening financial inclusion. We will look at which FinTechs can improve services, reduce operational costs, increase efficiency and speed up innovation in the EU financial services industry. Whilst looking at a variety of FinTechs, we will focus on those that can help incumbent banks with:
- Fostering access to financial services for consumers and businesses;
- Bringing down operational costs and increasing efficiency;
- Data sharing (PSD2) and data security and protection needs.
11:00 – 12:30
Session 2: FTh = B² | The B² Opportunity
Research in 2017 by the Bank for International Settlements and the European Commission showed that the following sectorial innovation and market support services are on top of the agenda at incumbent banks:
- Payments, clearing and settlement services
- Mobile Wallets
- Peer-to-peer transfers
- Digital Currencies
- Credit, deposit and capital raising services
- Crowdfunding / Lending market places
- Mobile banks
- Credit scoring
Market support services
- AI/Machine Learning/Advanced Data Analytics
- Ditributed Ledger Technology
- Cloud Computing
We will look at these areas to discuss and identify where the short, mid and long term opportunities are for banks and how to plan for a winning strategy.
12:30 – 13:00 Coffee Break
13:00 – 14:30
Session 3: FTh = B² | Risk & Governance
There is no doubt that this new wave of innovation is changing the face of banking as we know it. Despite all the pressure, incumbent banks are still best positioned to benefit from these developments. One of the key questions incumbent banks need an answer to is: “How do we manage, and effectively implement both the technology and business process changes?”
To answer this question, will will address the following areas in this session:
- Strategic and Profitability Risk
- Operational Risk
- IT/3rd Party/Vendor Risk
- AML/Compliance Risk
- Cyber Risk
14:30 – 15:30 Lunch Break
15:30 – 17:30
Session 4: FTh = B² | Viable alternatives to B²
As we have mentioned before, this wave of innovation called FinTech will change the face of banking as we know it. We believe incumbent banks will come out on top, as Better Banks. There are however some viable alternatives scenarios describing the potential impact of FinTech on banks. These scenarios are not mutually exclusive and we expect a combination of these scenarios to exist as a result of the evolution of banking.
During the event we will ask all delegates to vote for what the think is the most viable alternative scenario. During the final session of the day, we will discuss the “winner”. For consideration we offer the following scenarios*:
- New bank (Neo bank)
New, technology driven banks or banks that are instituted by Biotech companies (GAFA), with full service “built-for-digital” banking platforms. The new banks apply advanced technology to provide banking services in a more cost-effective way. These new players obtain banking licenses under existing regulatory regimes and own the customer relationship.
- Distributed bank
In this scenario, financial services become increasingly modularized, but incumbents can carve out enough of a nice to survive.Financial services may be provided by the incumbents or other financial service providers, whether FinTech, InsureTech or BigTech, who can “plug and play” on the digital customer interface, which itself is owned by any of the players in the market.
- Relegated bank
In the relegated bank scenario, incumbent banks become commoditized service providers, and cede the direct customer relationship to other financial service providers, such as Fintech and BigTech companies. The FinTech and BigTech companies use front-end customer platforms to offer a variety of financial services from a diverse group of service providers.
- Dinsintermediated bank
This is the scenario where banks have become irrelevant as customers interact directly with the individual financial services providers. Incumbent banks are no longer a significant player in the disintermediated bank scenario, because the need for balance sheet intermediation or a trusted third party is removed.
* More detailed descriptions will be provided on the day