We are only a few weeks away until the SWIFT Business Forum London 2018 which takes place on Tuesday 24 April at Tobacco Dock.
As part of this informative day, SWIFT Institute invites you to attend our Lunch & Learn – with the SWIFT Institute:
From Banks to Platforms: Strategies and Challenges for Open Banking
The cautious introduction of Open Banking earlier this year highlighted how challenging PSD2 has been for all parties in the process. Big banks are struggling to respond to the regulatory requirements, but most importantly don’t have a clear strategy on how to take advantage of this wave of transformation in the sector. Newly established (challenger) banks have been more energetic but challenged by the slow customer take up. FinTech startups seem to be at the peril of larger banking institutions who “hold the keys” to their potential clientele, thus engaging in a waiting game.
In this session, we aim to re-examine the state of affairs and dynamics of the open banking ecosystem and, more specifically, re-visit the strategic choices of the different actors in light of the recent developments. The session will kick off with a presentation of recent research on the strategic implications of open banking conducted at Warwick Business School. The researchers will then lead a panel discussion involving both banks and FinTech’s to find out how they are responding to PSD2.