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The digitalisation challenge: how much more do banks need to do?

22 September 2016  |  5274 views  |  0 digital banking

Finextra will be hosting a roundtable in NYC on 4 October that will explore banks’ progress in securing their role in the digital ecosystem.

Digitalisation as a concept is not a new one in banking, and most banks have made significant progress in digitally transforming key aspects of their business, especially at the front end.

But as the digital ecosystem in which banks operate continues to evolve, and as major change drivers such as regulation, technology innovation and new sources of competition intensify the need for banks to digitalise, how well are they doing in achieving the end-to-end digitalisation needed to secure their relevance in the future?

This will be among the key discussion topics at a forthcoming Finextra roundtable discussion to be held under the Chatham House Rule in partnership with ACI Worldwide in New York on Tuesday 4 October.

There has been much discussion about the implications for banks of the move to open banking powered by open APIs and the rise of instant payments, and at one level the technology impact of these innovations is increasingly well-understood.

But there are also commercial and business model impacts to be considered. What progress have banks made in assessing how to monetise open APIs and real-time payments, and how to leverage them to create a central role for themselves in the emerging digital ecosystem? And what challenges remain for banks in transforming their end-to-end technology and operations environments to maximise their chances of success in the digital world?

With speakers including Hubert J.P. Jolly, Global Head of Channel & Enterprise Services, Citi Treasury & Trade Solutions and Prepaid Card Services, Citi Holdings, Jeremy Light, Managing Director Accenture Payment Services, Europe, Africa and Latin America, Accenture, and Paul Thomalla, Managing Director and SVP EMEA, ACI Worldwide, the roundtable will bring together senior representatives from the banking industry to explore the challenges and opportunities of end-to-end digitalisation for banks, addressing a number of key questions including how regulation is driving digitalisation, how banks are tackling new entrants, the technical and commercial implications of open APIs and the impact of the move to real-time payments, as well as what developments in blockchain and the internet of things (IoT) could mean for banks.

Representatives of regulated financial institutions are invited to register their interest to join what is sure to be an insightful discussion on a highly relevant topic for banks grappling with the challenges and opportunities of digitalisation.

When: Tuesday 4 October, 2016 08:00-10:30 local time
Where: Sofitel New York, 45 W 44th St, New York, NY 10036

Register now.
Please note: This event is only open to banks and regulated financial institutions.

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