Video interview: Helping banks transform their business models
Listen to our interview at Sibos with Paolo Sironi - IBM Thought Leader and Author "FinTech Innovation"
Paolo will share his insights on the democratisation of banking and how there is a clear shift from selling products to providing advice. He will also touch on how the wealth management industry must move to a more client-centric approach to stay relevant and effective.
RecordedOct 10 20165 mins
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Cybersecurity is a booming sector with plenty of implications for the FinTech industry. This webinar will look at the latest trends and emerging synergies in an increasingly complicated digital landscape.
In an increasingly digitalised world, the value of information grows ever higher. Winning organisations – whether in financial services or any other vertical sector – will be those who can harness the power of data analytics to develop microscopic levels of insight and foresight into customer behaviours and operational activities in order to make progressive improvements on a continuous basis. Product development informed by factual evidence rather than educated guesswork, or real-time risk management based on a hyper-accurate picture of exposures, bring significant internal and external benefits.
However, while banks want to get closer to their customers, is the feeling mutual? Data privacy is a very sensitive issue, and the perception of what constitutes intrusion will likely vary between individuals. Institutions, therefore, need to walk a fine line between what’s genuinely useful and what’s genuinely creepy.
During this webinar, a panel of respected subject matter experts will discuss and dissect the key issues related to the widespread use of data analytics in financial services, identifying the obstacles which need to be overcome and the enablers that will drive FS forward successfully.
Ulf Mattsson, CTO Security Solutions at Atlantic BT
Cyber attacks have increased in frequency and severity, and financial institutions are particularly interesting targets to cyber criminals. Join this presentation to learn the latest cybersecurity threats and challenges plaguing the financial industry, and the policies and solutions your organization needs to have in place to protect against them.
Viewers will learn:
• Current trends in Cyber attacks
• FFIEC Cyber Assessment Toolkit
• NIST Cybersecurity Framework principles
• Security Metrics
• Oversight of third parties
• How to measure cybersecurity preparedness
• Automated approaches to integrate Security into DevOps
About the Presenter:
Ulf Mattsson is the Chief Technology Officer of Security Solutions at Atlantic BT, and earlier at Compliance Engineering. Ulf was the Chief Technology Officer and a founder of Protegrity, He invented the Protegrity Vaultless Tokenization, Data Type Preservation (DTP2) and created the initial architecture of Protegrity's database security technology. Prior to Protegrity, Ulf worked 20 years at IBM in software development and in IBM's Research organization, in the areas of IT Architecture and Security, and received a US Green Card of class ‘EB 11 – Individual of Extraordinary Ability’ after endorsement by IBM. Ulf is the inventor of more than 45 patents in the areas of Encryption, Policy Driven Data Encryption, Internal Threat Protection, Data Usage Control and Intrusion Prevention.
Dr. Christopher Pierson, EVP, Chief Security Officer & General Counsel, Viewpost
2016 saw the first Data Breach Unicorn with the loss of over 1 Billion records from Yahoo. How do we move forward in 2017 when the risks continue to increase, cybersecurity controls continue to under-perform, and cybersecurity professionals continue to be thrust into purely defensive positions in most financial organizations? This keynote we will explore the new normal for cybersecurity at financial institutions and FinTech companies, the latest attacks and trends & controls, and how to enable business through cybersecurity.
About the Presenter:
Dr. Chris Pierson is the EVP, Chief Security Officer & General Counsel for Viewpost - a Fintech payments company. He is a globally recognized cybersecurity expert and entrepreneur who holds several cybersecurity and technology patents. Dr. Pierson serves on the Department of Homeland Security’s Data Privacy and Integrity Advisory Committee and Cybersecurity Subcommittee and is a Distinguished Fellow of the Ponemon Institute. Previously, Chris was the first Chief Privacy Officer, SVP for the Royal Bank of Scotland’s U.S. banking operations leading its privacy and data protection program. Chris was also a corporate attorney for Lewis and Roca where he established its Cybersecurity Practice representing companies on security and data breach matters.
Jim Wadsworth (Accura), Romana Sachova (CaixaBank),
The faster payments initiative was put into place to ensure a better customer experience. However, with this comes the question -- will it also encourage faster fraudulent and insecure transactions?
Join this panel where experts will discuss:
·How an industry-wide approach to data sharing is critical to better tackle fraud and wider financial crime
·How analytical tools present a significant opportunity to better protect all users of payments systems against fraud
·What is known about the size, scale and flow of stolen money through the UK’s payments systems
·What are banks doing on a global scale to tackle the potential challenges head-on?
Bianca Lopes, VP Business Development and Strategic Marketing at BioConnect
I live in the world of biometrics and when I tell people what I do, they generally come back with two different reactions:
1) That’s really cool and innovative, or
2) That’s really creepy...
In this webinar, I will address many of the common myths and misconceptions surrounding biometric technology. I will explain why this technology is so ground breaking and how when done properly it can make our world safer, more efficient and more user friendly.
Common Myths and Concerns We Will Address:
Does James Bond or Minority Report do a good job of portraying biometrics? Seems creepy...
Is using biometrics safe? -- Are you using my real fingerprint? How do you protect the user?
Do biometrics even work very well?
Is one biometric type “better” than others?
If I take on this new technology I’m afraid it will be outdated in 5 years, but I’m tied to it
You order an Uber through your phone. You get in, complete your ride, get out and say goodbye. You don't even take out a credit card or cash anymore but you know it's been paid for. So how does it work? Is it safe? And what's the future of our financial interactions?
Uber and many other Fintechs have taken the interaction out of transactions but it's often unclear how they actually work, and many of them still reply on a traditional bank. So we've sent Eric Hazard to discover the ins, outs and dirty secrets of your favorite taxi apps, food delivery hubs and fintechs!
Kristian Sørensen (Norfico), Tim Richards (Consult Hyperion), Adam Kissane (Deloitte), Marten Nelson (Token)
With the new European Payment Service Directive (PSD2) the most talked about topics are the new access to account (XS2A) options that Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs) will get. But as the Directive not only aims to open the banking infrastructure to foster innovation but at the same time it also aims to increase security and reduce fraud.
To achieve this ambition new requirements for the use of Strong User Authentication (SCA) play a central role of the Directive. The Commission have given the European Banking Authority (EBA) the responsibility to develop Regulatory Technical Standards (RTS) for SCA. The process has involved discussion papers, 250+ comments from different parties and by the end of February, the "final draft" version of the SCA RTS was published.
The panel will make sense of the alphabet soup of acronyms and discuss the requirements, the interpretations and the implications of SCA and the RTS.
*What is SCA?
*How can SCA be done?
*Who must do SCA?
*Who can do SCA?
*How will SCA impact transactions and commerce?
Alex Kwiatkowski (Misys), Phill Gillespie (Money Dashboard)
Having the discipline to set – and stick to – a budget is a hard task for many. Whether it’s because facing up to reality is sobering, or that the task at hand produces feelings of unbearable ennui, there’s considerable scope for improvement among customers when it comes to planning their short, medium and long-term financial futures.
In a world where the population is both growing and living longer, actions need to be taken which encourage saving and help people to live within their means. Fortunately, this is a world which is increasingly connected, where technological innovations make the previously difficult become easy: the gamification of financial services for instance.
During this webinar, a panel of opinionated experts will discuss – and doubtless disagree in an entertaining manner – as to how gamification potentially makes life easier for customers and the firms which they maintain relationships with. Bye-bye boring budgets, it’s time to welcome a new era of financial responsibility.
As businesses begin to rely more on data-driven Artificial Intelligence applications, the new applications lead to new business issues, security, and privacy concerns. Each bank also needs to have a transparent system for total audit-ability so one can see who did what, and when. Bank can use AI Deep Learning techniques to identify erroneous or incomplete data to avoid misleading decisions.The new AI applications introduce a number of business, security and privacy issues which will have to be addressed. Neural Network, Natural Language Processing, Image Recognition, Speech Recognition and Sentimental Analysis techniques are Deep Learning techniques used in Banks and Financial Services. AI Deep Learning techniques are used to help with anti-money laundering programs, know-your-customer checks, sanctions list monitoring, billing fraud oversight or other general compliance functions, artificial intelligence can:
- Improve efficiency
- Weed out false-positive results
- Reduce costs and increase profits.
- Make better use of workers’ time and company resources
- Help banks handle their compliance monitoring
- Automate some legal and regulatory work
- Handle most customer service and improve customer experience
- Help in detection of Fraud
- Creates a massive competitive advantage
Bhagvan Kommadi, Founder, Architect Corner has around 20 years experience spanning in the creation of products & incubation of Product Startups. He has done Masters in Industrial Systems Engineering at Georgia Institute of Technology (1997) and Bachelors in Aerospace Engineering from Indian Institute of Technology, Madras (1993).Architect Corner is in CIO Advisor Top 25 Fast Growing AI startups in APAC for 2017. Architect Corner is part of Citi T4I Growth Accelerator.
How do you achieve hyper growth in the mobile space and compete with large incumbents as a new start up with limited resources?
Join this session where Edward Cooper, Head of Mobile at cutting edge mobile-first FinTech company Revolut, will take questions from the audience and discuss the following:
- What techniques can you use, given limited budget and resources, to compete with large established players.
- Is traditional marketing effective? If not, what has changed?
- What other steps can you take to get your app / idea to spread.
- Paid mobile analytics companies, useful, or fools gold?
- PR companies, yes or no?
David Siegel, Blockchain and Decentralization expert
What is this Blockchain thing? What can you do with it? Where do you go from here?
David Siegel, Blockchain and Decentralization expert, is a web pioneer, author, and serial entrepreneur. He is the world’s first web designer, started one of the world’s first web-design agencies, and sold it to KPMG.
Tune in to this session where David will answer all of your Blockchain-related questions from the most basic, to the more complex.
Jane Walshe (Enforcd), Malcolm Wright (Thomson Reuters), Qumram
2017 is shaping up to be the year in which RegTech catches up with FinTech and the sector is brimming with innovative ideas that can help regulated firms address regulatory requirements in an efficient and cost effective way.
But how good is this technology, really? Can everything that is promised be delivered? At it’s best, RegTech can help firms to price and quantify the risks around a firm having a poor culture, and technology can solve problems of capturing qualitative concepts, such as behaviour and culture, and embedding these in to a firm's operational/conduct risk model.
In this discussion, Jane Walshe of Enforcd is joined by other RegTech pioneers to discuss what RegTech can do, and also possible pitfalls to be avoided in its use.
The Blockchain is usually synonymous with Bitcoin, the now famous digital currency, but the potential for the alternate ledger in finance, and beyond is huge. Be it governments, currencies, contracts or entertainment. There's more to the Blockchain than Bitcoin.
Join George Popsecu as he gives you his first-hand experience with two new uses for blockchain:
- gatecoin - A technology platform for Blockchain - with application in trading and initial coin offerings, Bitcoin, Ethereum and digital currencies
- FirstBlood - A blockchain based E-Sports betting platform that received the fastest ICO (Initial Coin Offering) in history.
Dr. Louise Beaumont (Open Bank and Publicis.Sapient), Nigel Verdon (Railsbank)
The phrase 'Open Bank’ means nothing to consumers - and probably never will
But the whole Open Bank endeavour will enable innovative new services, delivered by more competitive suppliers - meaning that consumers will be able to choose from products and services that are actually relevant to them and which work in today's (and tomorrow's) world
We'll discuss how to encourage consumers to explore and embrace the new Open Bank world
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