The rise of fintech has dramatic implications across multiple areas of business and personal life. The impact of new technology on the centuries-old traditions of banking and finance goes far beyond the walls of the financial marketplace.
From disrupting established supply chains and enabling more even capital allocation, to enabling greater financial inclusion and contributing to the growth of a borderless, digital economy, its potential should not be underestimated. Much less the opportunity.
As the shake out between traditional banks and fintech innovators rattles on, the second New Statesman Fintech Summit discusses some of the important questions that need to be answered as the global digital economy enters a new, pivotal phase.
Join us for the second New Statesman Fintech Summit, where we will explore these issues and more with key players and leaders from the industry. Thought leaders and senior figures will present throughout the day to examine regulations, key trends and developments in the sector.
The aim of the conference is to enable the attending delegates to find new ways of driving profitability through innovation. We'll be exploring a range of topics, including:
Managing Director and UK Head of Banks and Fintech Coverage, Standard Chartered Bank
Independent Commentator, Best-selling Author, and Chair of the Financial Services Club
However ambitious a company is in the FinTech sector, it won’t experience the success it anticipates if business management, financial and customer relationship systems are dislocated, potentially creating a barrier to growth. BrightBridge Solutions is one of Oracle NetSuite’s top five EMEA partners, expert in counselling and piloting high growth companies through the adoption of a unified cloud-based platform for accounting and financial management.
From the provision of robust control and financial consolidation in multiple currencies to realising regulatory compliance and risk mitigation through automation, NetSuite OneWorld offers the perfect platform to move away from disparate, unconnected systems and manual processes, also integrated with individual businesses trading systems. This cloud platform provides the foundation for cost effective scalability and rapid business growth.
Choose the right NetSuite implementation partner with financial services knowledge to realise a return on your investment as quickly as possible. Choose BrightBridge. Visit our stand at the Summit or www.brightbridgesolutions.com.
When it comes to financial services, it’s important to get the numbers right—fast. This can require sophisticated connections between legacy systems that hold historical performance data and new cloud-based tools that have the latest market updates. Breaking down data silos and connecting multiple apps and data sources quickly can be a significant differentiator for financial services companies. Jitterbit helps financial services firms set themselves apart by connecting apps to reduce risk and ensure compliance. It also helps to improve customer relationships, maximize business value and collect and analyze big data to deliver insight into financial opportunities and business needs. With streamlined integration between apps and data, financial services companies can save time and money, increase accuracy, run more smoothly, provide better financial projections, and—ideally—make more money for themselves and their customers. Best of all, our team of industry experts work with you closely to accelerate your digital transformation initiatives. To learn more visit www.jitterbit.com or contact our team firstname.lastname@example.org.
Temenos is the world’s leader in banking software, partnering with financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of 500 million customers. Temenos offers cloud-native, cloud-agnostic front office, core banking, payments, fund and wealth management software, enabling banks to deliver consistent, frictionless customer journeys and gain operational excellence.
Temenos software enables its top-performing clients to achieve industry-leading cost-income ratios of 25.2% and ROE of 25.0%, 2X better than the industry average. These clients invest 53% of their IT budget on growth and innovation versus maintenance, 2.5X the industry average, showing their IT investment adds tangible value to their business.
The award-winning Horizn platform helps financial institutions get ready for the digital customer, equipping both frontline employees and customers directly with the knowledge needed to improve the customer experience and dramatically increase digital adoption across all channels.
Horizn’s proprietary technology combines a simulator microlearning methodology with gamified principles and advanced analytics. Horizn helps banks distribute product knowledge with, employees, digital ambassadors, hip-to-hip with customers in-branch, in call centers, direct to customers online (bank.com), and in marketing activities.
Using Horizn, banks globally increased mobile adoption by 25% and brought call center times down 45 seconds. Using our in-branch demo module with non-digital customers, banks converted 20% of non-digital customers to mobile banking.
Clients including, RBC, Nationwide Building Society, Lloyd’s, U.S. Bank, BMO Financial Group, Wells Fargo, People’s United Bank, Scotia Bank and M&T Bank.
NTT Ltd. is a leading global technology services company bringing together 28 brands including NTT Communications, Dimension Data, and NTT Security. We partner with organizations around the world to shape and achieve outcomes through intelligent technology solutions. For us, intelligent means data driven, connected, digital, and secure. As a global ICT provider, we employ more than 40,000 people in a diverse and dynamic workplace that spans 57 countries and regions, trades in 73 countries and regions, and delivers services in over 200 countries and regions. Together we enable the connected future.
Founded in 2006, Softelligence enables organisations in Financial Services to accelerate growth with next generation FinTech through automation, AI and machine learning. We have extensive industry knowledge and a broad expertise in digital projects covering paperless flows, digital journeys, process automation through AI, fraud detection using machine learning algorithms as well as digital onboarding and digital lending, KYC and other intelligent banking flows. From data to insights with compelling dashboards, from manual processes and forms to pure digital customer journeys, Softelligence is the partner of choice for many Top-Tier Insurers and Banks in Europe and North-America.
Trustology was founded in November 2017 as a ConsenSys spoke. Its seed round in December 2018 was lead by Two Sigma Ventures. Both investors are on the board of directors.
Our mission is to accelerate the adoption of cryptoassets in the belief that their use will pioneer new ways to create greater wealth for everyone. We do this by ensuring cryptoasset security and management is made safer, faster and easier on the blockchain. We implement strict operating procedures to direct the safekeeping and storage of our customers’ assets. Through our signature platform TrustVault, we offer hardware-secure cryptoasset custodial wallet solutions for private keys. TrustVault is powered by the world’s most secure hardware and software technology designed and engineered to safeguard private keys and protect digital assets from loss, destruction, theft and fraud, whilst providing the flexibility and speed to access and transfer assets instantly, at any time from the convenience of a mobile phone.
IrisGuard was founded in 2001 and is a leading supplier of iris recognition biometric technology, managing human identity requirements for large populations for large-scale deployments.
IrisGuard’s patented EyePay® technology is an innovative Secure Financial Delivery platform utilising iris recognition technology such as EyeBank®, EyeCloud®, and EyeCash® to securely deliver financial services to the world’s unbanked through card-less cash withdrawals on ATMs, Blockchain transfers, remittances and food vouchers replacements in supermarkets.
IrisGuard is an established solutions provider for the United Nations Agencies such as the High Commissioner for Refugees (UNHCR), the World Food Programme (WFP) and many National government and Non-governmental organisations.
The future of transactions is mobile and IrisGuard has combined EyePay® with Android technology, an application which authenticates and authorises via a global database, using an EyePay® Phone. Leveraging the popularity of mobile hardware – IrisGuard looks to serve even more of the unbanked than before.
Centtrip is an award-winning financial technology company providing intelligent real-time treasury management and effective payment services to organisations of all sizes with international presence.
Our cutting-edge technology, premier financial services and dedication to customer experience have made us the go-to company for clients with complex business structures and international expenditure requirements. Our award-winning solution gives companies real-time visibility and control of multi-currency deposits, international payments, foreign exchange and multi-currency cards. It also helps streamline payments, reduce currency and cash-carrying risks, while optimising international income flows. Our technology enables companies to run real-time reporting and reconciliation, and our experts provide insights and analysis to help make informed business decisions.
Over 16,000 clients, including more than 500 international music artists, use Centtrip to stay on top of their finances and increase efficiencies as they tour the world. We also work with eight out of nine LYBRA members and 1,500 large-class vessels.
DueDil is a predictive company intelligence platform building the world’s most complete source of information on companies and the people behind them. It uses proprietary matching technology to link billions of company data points from authoritative sources, providing unique insight through its Business Information Graph. DueDil's powerful API and web platform provide its clients with the data and tools to target, assess and on-board SMEs at scale. In the last three years, DueDil has expanded its client base to more than 400 clients across the Financial Services, FinTech, InsureTech and Technology sectors, including notable brands such as Hokodo, Transferwise and Growth Street.
Shearman & Sterling has a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters.
With a global footprint and our commitment to investing in the future, we have established the FinTech Foundry, a program dedicated to support the FinTech-related activities of our clients and the wider global FinTech ecosystem that consists of financial institutions, FinTech start-ups, accelerators and incubators, venture capital and private equity investors and policymakers. The core of our proposition is the ability to provide opportunities to connect, share insights and advise the innovators shaping the future of financial services.
Combining legal knowledge with industry expertise, our lawyers provide commercial advice that helps clients achieve their ambitions and navigate the challenges of our 21st century global economy.
Global Processing Services (GPS) is the issuer processor enabling many of today’s high-profile fintech innovators and disruptors. It is certified by Mastercard and Visa to process and manage credit, debit or pre-paid card transactions globally.
GPS enables the emerging payments industry to deliver breakthrough innovations through unique combinations of proprietary technology, its people and partners.
At the heart of its capability is GPS Apex, its single global issuer processing platform. Built entirely by its own payment experts, it offers easy integration with Issuers, Programme Managers, card manufacturers and many other service providers.
It has integrated with over 40 issuing banks globally and operates programmes for 100+ clients in 60 countries using over 150 currencies, enabling its clients to innovate and deliver exciting new value propositions for consumers around the world.
Particeep is a Fintech that provides banks, insurers, wealth management companies and their distributors online sale solutions for their financial products and services.
We offer an API comprised of ready-to-use banking and insurance micro-services and white-label distribution platforms for banking, insurance, and investment products.
Particeep is a Young Innovative Company, winner of the 2017 and 2018 Fintech and Open Banking (Banque et Innovation) awards, elected Future European Fintech Star in 2016 (ICT Awards 2016) and selected by Challenges for the 2016 ranking of 100 startups to invest in.
We are market leaders in digitisation and security products as well as in innovation projects in Switzerland and the financial centres of the EU. For our demanding customers, we vertically integrate the entire IT value chain. In our offices in Zurich, Bern and Frankfurt am Main, we currently employ over 340 outstanding engineers, designers and consultants. And further offices in Europe will follow. Our growth is based on our strengths and values: courage, creativity, agility and entrepreneurial flair coupled with sustainability and Swissness.
Armada Labs delivers premium technology services for companies in the Financial Services and Fintech industries. We provide custom software development services for many verticals, including CRM systems, e-commerce, wealth management, healthcare, education and telecommunications. With technology solutions that range from system integrations and data conversions, to complete infrastructure planning, we have a highly successful track record of designing, developing, operating and supporting profitable point-specific industry solutions.
We are an Amazon AWS Consulting Partner with intimate knowledge of cloud programming, able to optimize the benefits of AWS Services for your business applications.
Working with start-up companies to billion dollar corporations, Armada Labs has the proven results to take on a project of any magnitude.
Doing Digital - Lessons from Leaders There are a small group of banks who are transforming to be digital banks. As we all know, this is incredibly difficult for a long-established bank with thousands of people and millions of customers. What are they doing right? How are they doing it? Why do we think they are digital banks? Is there a way we could all follow their path? During the last year, Chris Skinner has been travelling the world, talking to banks that are doing digital. He selected five to be case studies for his new book - JP Morgan Chase, ING, BBVA, DBS and China Merchants Bank. From those interviews and discussions, Chris has found many lessons from banks that are doing digital right, and will share these lessons with the audience.
Given the rapid pace of innovation and the mission critical need to transform the customer digital experience, leading financial institutions have recognized that it is critical to equip both employees and customers with the knowledge they need to improve the customer experience and drive digital adoption. In this session Horizn will share best practices and demonstrate how to empower your entire workforce to enable digital transformation. The demonstration will also illustrate how customer digital awareness, fluency, and ultimate adoption can be swiftly achieved with next-generation technologies.
Open Banking is leading to the rise of new banking business models, particularly in the UK retail banking market which is one of the earliest adopters. Is open banking driving banks towards re-evaluating their strategies to differentiate and compete with compelling value propositions? Or is it merely hype?
• Landbay Overview
• Technology architecture philosophy
• Landbay’s Growth Trajectory
• Landbay’s use of technology and data to make decisions, manage risk and drive scale
• The Future
• Summary & Learnings
• Clearly understanding your clients and their business needs
• Evolution of businesses and their changing priorities
• Overcoming business challenges
• The importance of advocacy
The evolution of crypto custody did not come easy. From exchange hacks and private key catastrophes resulting in millions lost to poor user experiences, the demand for a better solution was inevitable. While today there is an abundance of options, quality has not always kept up with quantity. For institutional investors, many of the storage options available are too risky and put too much responsibility on the investors themselves to ensure that the large amounts of funds are stored securely. In this session we review the solutions out there today from self-custody, cold storage and hardware wallets to on exchange omnibus accounts, custodial hot wallets, walled gardens. What will the future of crypto custody evolve too?
• Baking compliance into the Tech solution
• How to demonstrate domestic and cross-border compliance in an automated world
• Big data and navigating privacy/GDPR issues
• Steering through the Brexit maze
• Discover the impressive results achieved in a Consumer & SME Bank with over 1.4 million registered customers as well as plans for future development including machine learning and futher automation capabilities
• The use case covers proactive credit scoring on a large customer database delivered in a SMS mobile marketing campaign format
• The innovation factor resides in the pre-approval of the credit following automated-towards-real-time credit scoring enabled by digital technologies and robust 3rd party integrations with financial institution
• How is the global community engaging with new forms of payments and digital technology?
• Discussing the impacts of Robo-Advisors on banking
• How is biometric technologies changing the world of Fintech
• The importance of Artificial Intelligence, Big Data and Cloud
• Key takeaways
• Automated operations – human x machine
• Utilising reliable metrics to ensure you gain desirable output from large investments in technology
• Understanding the key success factors
With a number of successful NetSuite implementations and integrations for FinTech companies, BrightBridge Solutions and Jitterbit will be joined by sector leader Jonathan Smith to discuss the financial and operational challenges the sector faces. Financial consolidation and metrics Business systems and process integration Compliance and regulatory reporting Ability to scale and grow quickly
• Understanding why partnership is the way to go
• Internal changes and mind-set needed to support the partnership
47% of people say company culture is one of the key aspects when looking for a new job. Yet, as a market innovator and disrupter how can you maintain the drive, energy and vision that drove that initial success while you scale? How can you manage hypergrowth while remaining consistent with your original cultural values and those of your customers?
Discussion points: Benefits of iris recognition for financial inclusion and combating global poverty Practical application of Blockchain technology in the humanitarian context Mobile disbursement of cash with secure iris (biometric) authentication
• What is a FinTech Insurance product
• Challenges of insuring a Fintech business
• PSD2 cover
• A look ahead to 2020
Hilton London Bankside
Event Information:Rizka Putri