• Home
  • Visit
    • Hosted Meetings Programme
    • Experiences
    • Who attends
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
    • Partners
    • Download prospectus
  • CO-LOCATED WITH:
  • Future Identity FinanceFuture Identity Finance
  • REGISTER NOW

Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US

  • Home
  • Visit
    • Who attends?
    • Experiences
    • Steering committee
    • Plan your visit
    • Meet the team
  • Content
    • Key themes
    • Agenda
    • Related content
  • Speakers
  • Partners
    • Sponsorship prospectus
  • Co-located events
  • REGISTER YOUR INTEREST

Content

STAY TUNED

Future Identity – The Fintech Effect

by FTT Team / Tuesday 11 January 2022 / Published in Content
Fintech Effect

The way customers identify themselves to access financial services is changing. Has there been a Fintech Effect on digital identity?

Without legacy systems to delay the implementation of new technologies, fintech challengers and neo-banks have been able to offer powerful ways to authenticate customers. Traditional banks meanwhile, have shown greater caution in adopting digital identity at scale.

As Manuela Sedvartaite, Innovation Manager at Santander, explains, “We understand the operational efficiencies and lower costs digital brings, we think about the customer first and understand that for them it’s a better experience. But we can’t always make it work. Sometimes new systems cannot be relied on, which is a serious risk from a compliance perspective.”

Now more than ever, customers expect seamless experiences when dealing with their bank. Russ Cohn, General Manager, International at OCR Labs highlights, “Banks understand the ‘Amazon effect’ on user experience, which has created very high customer expectations.” And with no sign that consumers expectations for convenience and connectivity will slow down anytime soon, traditional banks have no choice but to adapt.

But if digital identity is to be adopted across the financial sector, then could it be collaboration is the key ingredient? Felipe Martinez, CIO at Revolut notes that as a Fintechs they are seen to be the fast-moving drivers of digital-first financial services, while traditional banks are portrayed as the opposite. Felipe argues that in fact, “The best results come from collaboration.”

He explains, “Traditional banks have legacy processes, systems, and mindsets but they also have a lot of wisdom, data and the value of their vast experiences and millions of customers and transactions. Banks partnered with fintechs, and with regulators shaping the rules is what will drive progress.”

Watch ‘The Fintech Effect’ panel discussion in full below.

For more on the latest initiatives, technologies and concepts driving digital identity join the Future Identity community today.


Tagged under: Splash

Recent Posts

  • Building compelling opportunities for brands with embedded finance

    We took the opportunity at the recent Fintech T...
  • Spoilt for choice at the Fintech Talents Festival with Nick Holt, Marqeta

    Nick Holt, Senior Director Solutions Engineerin...
  • FTT Mutuals – Interview with Elaine Rae, CEO, NHS Credit Union

    Two weeks on we’re taking a look back at ...
  • Basketball for Good! (at the Fintech Talents Festival)

    Get ready to shoot some hoops for good at the F...
  • FTT Chats – Fintech Talents 2023: Chris Higham, Secure Trust Bank

    On the 13th and 14th of November, at the Brewer...


  • Home
  • Fintech Talents events
    • FTT Lending 3.0 2024
    • Fintech Talents North America 2024
    • Fintech Talents Festival 2024
    • FTT Mutuals 2024
  • FTT Embedded Finance & Super-Apps events
    • FTT Embedded Finance & Super-Apps North America West Coast 2023
    • Customer Alpha North America West Coast 2023
    • FTT Embedded Finance & Super-Apps Europe 2024
    • Customer Alpha Europe 2024
    • FTT Embedded Finance & Super-Apps North America East Coast 2024
    • Customer Alpha North America East Coast 2024
  • Future Identity events
    • Future Identity Customer North America 2023
    • Future Identity Finance Europe 2024
    • Future Identity Customer Europe 2024
    • Future Identity Finance North America 2024
    • Future Identity Festival 2024
  • Past events
    • FTT SME Banking
    • Unboxing the Next Generation of Embedded Finance
  • View all events
  • Content
    • All Content
    • Interviews
    • Opinion
    • Videos
    • Digital Reports
  • VC INNOVATIONS – Accelerated Marketing
  • facebook
  • linkedin
  • youtube
  • twitter

GET IN TOUCH

T 020 8004 5517
Email: info@vcinnovations.co.uk

LONDON
1 Quality Court, London WC2A 1HR
Open in Google Maps

NEW YORK
477 Broadway, 2nd Floor, Suite 1033, New York, NY 10013
Open in Google Maps

QUICK LINKS

  • Home
  • About VC INNOVATIONS
  • Events
  • FAQs

Connect with us

  • facebook
  • linkedin
  • youtube
  • twitter

RECENT POSTS

  • Building compelling opportunities for brands with embedded finance

    We took the opportunity at the recent Fintech T...
  • Spoilt for choice at the Fintech Talents Festival with Nick Holt, Marqeta

    Nick Holt, Senior Director Solutions Engineerin...
  • FTT Mutuals – Interview with Elaine Rae, CEO, NHS Credit Union

    Two weeks on we’re taking a look back at ...
  • Privacy Policy
Fintech Talents

© VC Innovations 2018. All Rights Reserved.



TOP


FTT Lending 3.0 2024 - Press & Media Pass



FTT Lending 3.0 2024 - Get involved


This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. Read our Privacy Policy.