Finovate Europe 2019 – The Highlights

“It will be very interesting to see how companies adapt to AI [and other emergent technologies] in 2019″

These were the words of Greg Palmer, VP of Finovate, as he sat in on the live on-stage recording of the Breaking Banks podcast on February 14th. The statement gelled well with his published piece to welcome the event’s 1200+ attendees, in which he claimed “it’s already becoming clear that 2019 will be anything but ordinary.

finovate europe podcast breaking banks jim marous

Greg Palmer (far right) on stage at Finovate Europe 2019.

This year’s edition of the curated conference saw many of Europe’s leading fintech firms present short-form demos and engage in panel discussions on the latest concerns and trends facing the industry today. The plethora of industry insight included expert speakers on investech, regtech, banking, payments, customer experiences, AI and open banking, to name a few. Here are some of our highlights from Finovate Europe 2019.

The opening couple of days featured several demo sessions that demonstrated the capabilities of integrating technology with financial services; from CybiWealth presenting their forward-thinking international investing solution, to ebankIT’s omnichannel digital banking platform that empowers banks and credit unions to transform their business in ‘record time’, and Zabo – the digital bank that helps consumers make informed financial decisions and offers unique access to global investments through cryptocurrency.

Following these couple of demo days were two days which featured in-depth panel discussions and presentations that explored 8 major themes:

  • Analytics & user empowerment
  • Innovation in payments
  • Investech and wealth management innovation
  • Product innovation and the customer experience
  • Technology in practice
  • The Changing Face of Banking
  • The Changing Face of Banking: Challenger Bank Focus
  • The Future of RegTech

Preceding the AI and Open Banking Summits was a penultimate day of strong demonstration of innovation. Dave Birch, Global Ambassador of Consult Hyperion, gave the opening remarks from the Chair on the day. This was quickly followed with illuminating keynotes from Emotiv’s founder Tan Le (who detailed the virtues of combining Artificial Intelligence with extensive human augments) and Amazon’s Giulio Montemagno (who explained the third era of commerce – and how voice commerce stands a potential juggernaut that will revolutionise how ‘consumers interact with what they own.’

A major financial conference would be nowhere without premier panels with leading industry figures. And with Finovate having more than a decade of experience under it, the panels on show were no disappointment.

sohail raja finovate

In a discussion on the ‘The Changing Face of Banking’, Sohail Raja of Société Générale stated:

See what Alibaba and Amazon have done, the [technology] cycle is getting faster and shorter – need to take that on board for what clients want and what we offer… We are following what Fintechs are doing [being agile] but that is a culture that we have, Singapore supports this philosophy and approach at a senior level”

A special event closed the day, as a live recording of a podcast – Breaking Banks – finished out the day’s discussion. If an all-star cast of finance existed, it may not have looked too dissimilar than this panel – Brett King (CEO & Founder, Moven), Jim Marous (Co-publisher, The Financial Brand), JP Nicols (Managing Director, FinTech Forge) and Greg Palmer (VP, Finovate) all took part in the live show.

Here are some snippets of the sharp conversation:

  • Greg Palmer says, “it will be very interesting to see how companies adapt to AI [and other emergent technologies] in 2019”
  • Jim Marous says “individuals want to be heard” which is a huge opportunity for AI for financial companies, while most are currently “dabbling” instead of fully embracing the potential of AI yet.
  • Jim Marous: “The challenge right now [is US banking] is a regulatory problem.” JP Nicols agrees there’s a big issue “with the US’ regulatory scheme”.
  • Jim Marous says “maybe the middle [of banking] will be more impacted” by bigger US banks dominating the market.

Question: What has Trump done for Fintech?

  • Greg Palmer says those thinking of entering US Fintech are considering whether they can succeed in the face of current regulatory pressure.
  • JP Nicols agrees: “There is no effective Fintech lobby. There is an effective Banking lobby.”
  • Jim Marous – “PayPal has a better idea of my banking than my bank” because they hold more of his data!
  • Jim Marous thinks Brexit is good news for UK Fintech, claiming there’s “plenty of potential” with new avenues undoubtedly opening up.

This event is just one of many industry gatherings speckled over 2019. For more conferences and one-off days to further your core knowledge in Fintech, check out our Events Calendar here!

And as always, for the latest developments and events in Fintech, feel free to subscribe to our free newsletters below!

Subscribe to our Weekly Newsletter

Finovate Europe 2019 – The Highlights

“It will be very interesting to see how companies adapt to AI [and other emergent technologies] in 2019″

These were the words of Greg Palmer, VP of Finovate, as he sat in on the live on-stage recording of the Breaking Banks podcast on February 14th. The statement gelled well with his published piece to welcome the event’s 1200+ attendees, in which he claimed “it’s already becoming clear that 2019 will be anything but ordinary.

finovate europe podcast breaking banks jim marous

Greg Palmer (far right) on stage at Finovate Europe 2019.

This year’s edition of the curated conference saw many of Europe’s leading fintech firms present short-form demos and engage in panel discussions on the latest concerns and trends facing the industry today. The plethora of industry insight included expert speakers on investech, regtech, banking, payments, customer experiences, AI and open banking, to name a few. Here are some of our highlights from Finovate Europe 2019.

The opening couple of days featured several demo sessions that demonstrated the capabilities of integrating technology with financial services; from CybiWealth presenting their forward-thinking international investing solution, to ebankIT’s omnichannel digital banking platform that empowers banks and credit unions to transform their business in ‘record time’, and Zabo – the digital bank that helps consumers make informed financial decisions and offers unique access to global investments through cryptocurrency.

Following these couple of demo days were two days which featured in-depth panel discussions and presentations that explored 8 major themes:

  • Analytics & user empowerment
  • Innovation in payments
  • Investech and wealth management innovation
  • Product innovation and the customer experience
  • Technology in practice
  • The Changing Face of Banking
  • The Changing Face of Banking: Challenger Bank Focus
  • The Future of RegTech

Preceding the AI and Open Banking Summits was a penultimate day of strong demonstration of innovation. Dave Birch, Global Ambassador of Consult Hyperion, gave the opening remarks from the Chair on the day. This was quickly followed with illuminating keynotes from Emotiv’s founder Tan Le (who detailed the virtues of combining Artificial Intelligence with extensive human augments) and Amazon’s Giulio Montemagno (who explained the third era of commerce – and how voice commerce stands a potential juggernaut that will revolutionise how ‘consumers interact with what they own.’

A major financial conference would be nowhere without premier panels with leading industry figures. And with Finovate having more than a decade of experience under it, the panels on show were no disappointment.

sohail raja finovate

In a discussion on the ‘The Changing Face of Banking’, Sohail Raja of Société Générale stated:

See what Alibaba and Amazon have done, the [technology] cycle is getting faster and shorter – need to take that on board for what clients want and what we offer… We are following what Fintechs are doing [being agile] but that is a culture that we have, Singapore supports this philosophy and approach at a senior level”

A special event closed the day, as a live recording of a podcast – Breaking Banks – finished out the day’s discussion. If an all-star cast of finance existed, it may not have looked too dissimilar than this panel – Brett King (CEO & Founder, Moven), Jim Marous (Co-publisher, The Financial Brand), JP Nicols (Managing Director, FinTech Forge) and Greg Palmer (VP, Finovate) all took part in the live show.

Here are some snippets of the sharp conversation:

  • Greg Palmer says, “it will be very interesting to see how companies adapt to AI [and other emergent technologies] in 2019”
  • Jim Marous says “individuals want to be heard” which is a huge opportunity for AI for financial companies, while most are currently “dabbling” instead of fully embracing the potential of AI yet.
  • Jim Marous: “The challenge right now [is US banking] is a regulatory problem.” JP Nicols agrees there’s a big issue “with the US’ regulatory scheme”.
  • Jim Marous says “maybe the middle [of banking] will be more impacted” by bigger US banks dominating the market.

Question: What has Trump done for Fintech?

  • Greg Palmer says those thinking of entering US Fintech are considering whether they can succeed in the face of current regulatory pressure.
  • JP Nicols agrees: “There is no effective Fintech lobby. There is an effective Banking lobby.”
  • Jim Marous – “PayPal has a better idea of my banking than my bank” because they hold more of his data!
  • Jim Marous thinks Brexit is good news for UK Fintech, claiming there’s “plenty of potential” with new avenues undoubtedly opening up.

This event is just one of many industry gatherings speckled over 2019. For more conferences and one-off days to further your core knowledge in Fintech, check out our Events Calendar here!

And as always, for the latest developments and events in Fintech, feel free to subscribe to our free newsletters below!

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Subscribe to our Weekly Newsletter