The second edition of FTT Open Finance alongside the Fintech Talents Festival. An experience looking at the present and future of the industry. Evaluate new business models and a fast-changing competitive landscape driven by Open Finance.
The future of finance is digital and most certainly more open. The journey to open banking may still be in its early stages but the plan is to accelerate and broaden that evolution. Open finance is coming whether through regulatory demand or market driven forces and the impact on the industry will be profound.
With a view towards improving the outcomes for consumers and businesses though more control over how their data is used and by whom, catalysing the creation of the next generation of products and services. Open finance must inform strategy decisions today for the future of all parts of the financial services sector.
Buckle up as we look at the present and future of the industry. Evaluate new business models and a fast-changing competitive landscape. Open your thinking to new partners and whole new ecosystems in a world of open finance.
Live and virtual festival goers
Financial institutions represented
Fintech and good times!
What is the potential of an open data society? What are the desired outcomes and impact on competition, innovation, access to financial products/services and the universe of providers?
With open banking still a work in progress, how is the move to open finance envisioned? Do regulators lead from the front or will the market determine the speed of expansion and the boundaries of open finance?
How can the end customer – consumers and businesses – trust providers and new entrants to best serve their interests and protect their data? What is the most effective way to ensure that customers are fully informed as to how their data is being used and by whom? Do current regulatory frameworks provide adequate protection in an increasing open world?
How can those that have access to and process customer data best be required to protect that information and ensure it is used in ethical manner? In the absence of an accepted identify framework, what is the best way to drive security and compliance with current rules.
What are the opportunities that will come to the fore as the landscape becomes more open. What are the new partnerships and business models that will be poised to make the most of those new opportunities? How do established providers keep pace in an industry where open access becomes the norm?
Not all countries are moving in the same direction or, indeed, moving at all. Will different approaches lead to a more fragmented industry across the world? What about questions of interoperability and standards – is collaboration across borders needed?
Has the pandemic accelerated the use of Open Banking/Open Finance. Has the behavioural change that we’ve seen (from consumers) permanently changed the landscape? And crucially, what is on the horizon?
Understanding Open Finance as a strategic decision. How does an institution become more open, both from a technology and cultural perspective? Is that the only realistic strategy given the way financial services has changed?
Open Finance is a means to accelerate Innovation. Understanding how providers and partners can collaborate for the best outcomes. Learn about powering Fintechs to market.
Access to data and data-enabled innovation are at the heart of open banking and open finance initiatives. But what happens with that data and how does it create new value for end users and providers? Understand the how and why of personalization and what it means to deliver on the promise of personalization.
At Rise, created by Barclays we run a free monthly mentoring programme for FinTech startups, where entrepreneurs can connect on a 1:1 basis with some of the industry’s top experts on a wide range of topics. This year, we’re bringing our mentoring programme to the FinTech Talents Festival, and as one of the speakers featuring at the festival – we’d love to invite you get involved! This is a fantastic opportunity to expand your network, and share your knowledge with some of the most exciting scaling FinTech startups on a 1:1 basis. Over the two hour period, you will meet with four pre-allocated FinTechs, information on each will have been shared with you beforehand.
Interested in getting involved, or want to know more? Please reach out to Grace Batchelor, Rise FinTech
Regulatory initiatives are at the heart of open banking and open finance. There is a lot to consider when thinking about moves to the next stage of development – open finance. The panel will review areas such as customer protection & education, including whether customers need to understand Open Banking/Open Finance in order to be protected.
Does the data revolution really give people more control over their finances? Open Finance promises innovation, choice, and convenience, but it could also exacerbate vulnerability and exclusion. What will it take to realise the benefits of Open Finance, and mitigate its risks?
What are some of the exciting new use cases that we’ve seen over the past year and what is ahead? Are we overweighting Financial Services and missing some exciting opportunities?
The world of corporate treasury has not progressed at the same pace as the experience for consumers. Open Finance provides an opportunity to digitise this experience, both internally and customer facing, delivering significant value along the way.
Do small and medium business draw enough focus on their unique needs and challenges? Does Open Finance create an opportunity to better serve SME customers and support them post pandemic and into the future.
Part of what is considered one of the most stressful life experiences, can Open Finance drive improvements to a process riddled with paper, old processes and, sometimes, heartbreak.
Today’s consumers are better able to understand their finances through modern digital functions such as aggregated account visibility, real-time notifications and spending categorisations. It’s all thanks to Open Banking. With the introduction of Open Finance and the trend towards open data, fintechs are rapidly improving every stage of consumers’ financial life journeys, customising spending, saving, borrowing, and investing
The financial services industry has a central role to play in the transition to more sustainable economies and meeting Net Zero targets. What role can Open Finance play in driving innovative solutions? Hear from those at the financial front lines of the sustainability challenge.