Nordic banks and their payments markets are considered to be some of the most innovative and advanced in the world but financial services are increasingly shifting.
The banks in the region are set to accelerate the transformation of their digital services and payment hub technologies. To keep up with competition and respond to the needs of customers, they also continue to invest in new infrastructure and business models. To resist competition the region’s banks engage in partnerships and collaboration and the latest is the potential to harmonise the cross border payments infrastructure, offering common products. They continually balance the two.
This shared vision puts pressure on all banks in the region to assess the strengths and weaknesses of their own internal payments architectures, and thus their ability to adapt and modernise in response to the collective goal. Remaining competitive will mean reducing reliance on costly legacy technology, increasing the agility and flexibility to handle multiple payment types across multiple channels, and delivering new real-time products and services to customers (retail, business and corporate) when and where they want them. In this case study-based roundtable we will look at the learnings from the experiences of a bank that has successfully tackled the challenges of implementing a single payments hub.
The moderated roundtable discussion hosted by Finextra and Fiserv, will bring together experts from across the financial industry to share insights on issues such as:
- The practicalities of redefining and implementing a new payments landscape in the Nordics
- How critical decisions on technologies, tools and implementation partners can make or break a bank’s payments business
- How to remain competitive within a shared vision ecosystem
- Trevor LaFleche, Vice President Strategic Marketing, Fiserv
- Johanna Andersen, Nordic Co-lead for Payments, Deloitte
- Jacinta Fahy, Payments Transformation Delivery Lead, Allied Irish Bank
- Fergal O’Farrell, Payments Transformation Architect Lead, Allied Irish Bank
All Finextra roundtables are held under the Chatham House Rule
* Please note that approval will only be granted to registered financial institutions.