The race for digital supremacy has already started, now it’s not just about survival, it’s about winning, achieving the goals and exploring technologies that can accelerate the banking sector into the digital age with a focus on emerging channels such as Blockchain, Next- Generation Payments, Artificial Intelligence, Big Data and Cyber Security. Along with the new trends, Big Techs are shifting to financial services
Gary Brown, GDPR Program Director, Banco Santander UK while attributing the threats associated with shifting of Big Techs to the financial services explains, “Whilst Fin Techs need capital, Big Techs already have investment backing, but do not have at this stage a demonstrable track record in FS. The banks should again look to partner with chosen Big Techs to make game-changing strategic marriages.”
Further explaining the threats associated with shifting of Big Techs to the financial services, Cauchi David, Head of Compliance, Office of the Information and Data Protection Commissioner states, “The Tech Giants have revolutionized the way humans interact and carry out their daily activities. They have also given more power and convenience to the end-user, by presenting different services and options under one platform.
Change is inevitable and control is also likely to be shifting from the industry to its clients as these will entrust the platform providers.
The challenge is how to strike the right balance between convenience and intrusiveness. Big Techs already process huge amounts of personal data about individuals and their activities, including profiling on a micro-level. Adding transaction and online purchasing habits to all this will make a dream come true for niche-marketing enthusiasts but not for data protection activists and watchdogs.”
Digital Banking Influencers from Leading Banks will be joining the 6th Edition New Age Banking Summit (#NABS) – Europe organized by UMS Conferences on the 19th & 20th June 2018 in Warsaw.
The Summit will host the thought leaders from the digital finance world representing the largest banks, financial institutions, associations and regulators addressing key issues around payment solutions, mobile banking, AI, machine learning, robotics and blockchain.This editionsspeakerincludesStéphane Nappo, International Banking – Global CISO, Société Générale IBFS, Michal Hoppel, Chief Data Officer, Bank Zachodni WBK, Tomasz Dymowski, Head of Retail Banking Department, Raiffeisen Polbank, Magdalena Borowik, Director for Technology Research, Fintech Poland, Robert Fischer, Senior Expert Digital Customer Journeys, Tomasz Jakubczyk, Fintech &InsurTech Expert, AkosVeisz, Managing Director of Strategy, MKB Bank, Filip Pawczyński, Chairman, Polish Bitcoin Association, Cauchi David, Head of Compliance, Office of the Information and Data Protection Commissioner, Fernando Garcia-Quismondo, CTO – Security & Digital Identity, Banco Santander, Punit Bhatia, Author, ‘Be Ready for GDPR’, Shukri Mustafa, Chief Operations Officer, Raiffeisen Bank Kosovo, Gary Brown, GDPR Program Director, Banco Santander UK, Piotr Widacki, Managing Director – Head of Digital Transformation, BGZ BNP Paribas, MaciejKostro, Board Advisor, Secretary of the Electronic Banking Council, Polish Banking Association, Mitesh Soni, Innovation and Fintech Director, Finastra, Giovanni Michela, Account Manager, Liferay, Sanat Rao, Chief Business Officer and Global Head, Infosys, Sean Salloux, Chief Operating Officer, Baanx
About UMS Conferences:
The wholly owned subsidiary of UMS International a multinational media company and publisher of Bloomberg Businessweek Middle East, UMS Conferences is the global leader with several summits, conferences, awards and strategic forums which attracts the world’s brightest mind and most influential decision-makers.
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