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Peter Jones, Managing Director, PSE Consulting, speaks about PSD2 favouring new entrants over established players and how banks contend with new regulation.
FinTechs are much more in touch with consumer needs than the banks. History has proven that the banks have not done a good job in providing a value proposition where everone wins. Just look at how banks price their services. They charge $35 for an overdraft
that costs less than $1; $30 for stop payments and credit card late payment fees in excess of $30 too. These high fees are representative that the banks are irrationally creating revenue. This same logic can be applied to foreign exchange too. Banks markup
these fees by over 200%. Fintechs will attack these pricing weakness with better value propositions leaving the banks with a lot of loss leading products that do not pay for themselves. It is time for banks to change since the status quo is not promising.
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Michael Davison, Industry Principal, Financial Services, Atos UK and Ireland, talks about AI and the customer interface, middle and back office operations, and fraud prevention, how banks are coping with the challenges of implementing AI and how the market is likely to evolve.
Trevor LaFleche, Director, Product Management and Marketing, Enterprise Payments Solutions, Fiserv, speaks at NextGen Banking Nordics 2018 in Stockholm about partnerships in the Nordics, what makes a successful partnership and more they can do in the future.
David Rutter, CEO, R3, speaks at Sibos 2018 in Sydney, about R3’s Corda platform as a success story for enterprise blockchain, what’s different about it and why banks are being attracted to it, and whether we should be cynical about blockchain anymore.
Riccardo Ceci, International Alliances Director, CRIF Credit Solutions, speak at NextGenBanking Nordics 2018 in Stockholm about how matching supply with demand helps business growth, how the industry responding to this, what the benefits are and how does it generate value.
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