THE DIPLOMAT – BUCHAREST organizes online the Third Edition of FINANCIAL FORUM, on 21st of April, 2021.
The conference joins leaders spearheading digital initiatives in their organizations in to offer insights into their digital transformation journey’s in fintech&banking, as well in capital markets and insurance.
The fast evolution of digital in all industries mirrors in the behaviors and innovations brought by banks, financial institutions to meet the clients’ needs to abstain from overspending, navigate risks, and usually deal with their finances better. FinTech services and products are more and more designed for particular functions inside the financial ecosystem and customization is key to win more clients and portfolios.
15:00-16:00 Panel 1 - CEO Talks
16:00-17:30 Panel 2 - Panel discussion
Updates on legal and legislative frame, regulations and the authorities’ voice. Sector’s reforms and strategy, industry’s regulators and authorities’ revise and expectations. Risks & liabilities of different fintech solutions (such as peer- to peer lending platforms), regulations and data privacy updates.
The financial industry is a highly and strictly regulated sector and with
the rise of fintech and its application in banking, require a more attentive
approach of reg-tech. This indicates new tech solutions that enhance and
organize regulatory procedures. Reg-Tech has evolved regarding the highest
institutional demand that has appeared from the massive development of
compliance expenses. How will financial actors, banking and tech firms will work together with legislators to fine-tune the regulation framework in the
benefit of all actors?
Unleashing the potential of fintech in banking is a surging need that highlights the fast uptahe of clients to innovative and intuitive financial services. As EY report shows, FinTechs increasingly recognize the significant costs of customer acquisition in financial services and barriers to cross-border business that banks are well-equipped to bridge. Furthermore, more emerging FinTechs recognize the opportunity to have a role as part of a broader banking ecosystem, developing technology that can help transform an industry, not just support one bank.
Digital transformation was already underway, but 2020 provided a perfect catalyst for acceleration. The business of capital markets &insurance is entwined more closely with technology than ever before. Despite a revenue boost this year the outlook for capital markets remains challenging; making the right investment decisions requires understanding which area will have the highest impact at the intra- and inter-firm levels as well as understanding the change needed on the entities’ business culture and technical state.
In Romania, there is
a strong need to non-digital clients to visit the branched
and get their feedback and advising from a real person
instead of an online app or automatized machinery.
The digitalized scale in Romania is still low in terms of
population but most of population is at a level or another, operating banking transactions. How will Romanian sector of banking and fintech work together and fill the gap?
The speed of digital transformation across the financial landscape continues
to accelerate and two main actors, banking and fintech already work in
close partnership. In the increasingly cyber-based ecosystem of the world economy, the cyber threat is a real risk. Hence, it is essential o companies, banking fintech, third parties to attentively assess, prevent and diminish this risk before it takes effects and the education of clients is a major part of this approach.
The e-conferences, powered by The Diplomat-Bucharest,
are a brand new media product, designed to deliver
easy and fast, directly to the core audience, the valuable
insights of senior figures, experts and the most knowns
specialists in the strategic industries, to discuss some of
the most pressing aspects in today’s economy landscape.