Staying Competitive With A Pan-European Banking System

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Presented by

Michael Salmony, Worldline | Gregory Lambertie, Worldline I Eric Tak, ING I Javier Santamaria, EPC

About this talk

Preparing European Banks for a Connected Digital Future Episode 1 European banking is fragmented, with many of the 19 eurozone-member states still having many own rules governing how their banks operate. While the web has made global commerce easy, we are still operating far too nationally. The great financial crisis and the COVID-19 pandemic exposed a deficit in digital processes leaving Europe exposed to international competitors from the US and Asia, especially China. The emergence of fintechs, who merge technology with customer-centricity while reducing costs, has driven a new need for banks to position themselves in the digital economy. This confluence of forces caused many struggles ranging from integrating new technologies, complying with regulations and finding one’s position in the new ecosystem. These challenges will not subside. Now, European sovereignty itself may be at risk as competitors from other continents seek to drive merchants and consumers towards their own business models. How can European banks evolve while contributing to the sovereignty of a pan-European banking system? In this opening episode of Preparing European Banks for a Connected Digital Future, Join Michael Salmony, Executive Advisor for Payments Innovation Strategy at Worldline and your host. He will be joined by a panel of industry experts who will discuss: - The challenges European banks face in a new global market - How banks can get ahead of challengers and digital currencies - How seamless payment and customer experience can make or break your success In today's webinar focused on how banks can stay competitive in a pan-European banking system, our panel will discuss: - What infrastructure, payment, and consumer trends are influencing bank’s today - Will the European Payment Initiative may be the solution European banks need today to compete? - What the future holds for banking in Europe
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