The Future Model of Banking
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The Future Model of Banking

Roundtable
Thursday, May 15, 2014 14:30—16:30
Location: BODENSEE I

Banks, which were among the first industries to adopt computing technology on the back end, have always been late to bring technology to the front end, it would seem. But that’s all changing as traditional ideas of banking are falling by the wayside.

Besides the, now old-hat, 24-hour ATM/Cashpoint, many banks now allow you to pay bills, transfer funds – even make deposits - with your mobile phone or tablet.

Next on that horizon is cryptocurrency (such as Bitcoin) so that mobile phone withdrawals become possible.

But beyond the electronic wallet, what can the banks do to attract, and keep, customers? Identity services, based on trust and reputation with secure protocols as part of an open API economy hold out the possibility that banks could find new venues even as old ones disappear. Enabling secure transaction services via APIs on any device, everywhere, seamless to use and keeping privacy in mind is one of the key success factors of the future banking business models. But those banks that don’t adjust, can’t adapt or refuse to see beyond their traditional market will be left in the dust of history.

In the Finance Industry, more than in any other industries, Information Security is becoming a #1 business enabler. Securely exposing APIs and moving to new service models; supporting and embracing crypto-currency evolution; combining trust, reputation, and privacy for these business models and innovative retail and private banking: All this is based on making maximum use of what Information Security allows today. Information Security will not change banking. But it will banks enable to change themselves. Not to forget the fact that Information Security is a key element of regulations and governance.

This roundtable discussion will explore those new avenues, which can revitalize banking and propel it to the forefront of the consumer revolution.

Roberto Baratta
Roberto Baratta
Novagalicia Banco
With more than eleven years' experience in information security and risk management at financial institutions, Roberto is Senior Director at Novagalicia Banco. Former Chief Information Security...
Roman Chaplygin
Roman Chaplygin
PwC Russia
Dr. Iordanis Chatziprodromou
Dr. Iordanis Chatziprodromou
Swiss Re
Iordanis Chatziprodromou is leading the analytics, strategy and development, of the P&C Business Management unit with a strong focus on alternative analytical methods and Big Data. Prior to...
Luis Saiz
Luis Saiz
BBVA
Security Manager at BBVA bank since 2000, involved in Privacy Compliance, Security Assessment and Engineering in SDLC, design of Group's Security Strategic Plans, Head of Global Security Center...
Lewis Tam
Lewis Tam
Ping An Insurance Group
Mr. Lewis Tam is the Chief Information Security Officer of Ping An Insurance (Group) Company of China, which is the first integrated financial services conglomerate in China with diversified...
Dirk Venzke
Dirk Venzke
Commerzbank AG
Academic Studies of economics at Helmut Schmidt University of the Federal Armed Forces in Hamburg (Dipl.-Volkswirt) and of business management at distance university Hagen (Dipl.-Kaufmann). Officer...
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