Technology in Banking and Career Opportunities

1. Workshop:
Technology in Banking &
Career Opportunities
Panagiotis Kriaris
pkriaris

2. 2

3. Automation and Digitization
3Source: Willis Towers Watson

4. Impact of technology on banking value chain
4Source: Willis Towers Watson
New players across all parts of the value chain

5. Open Banking

6. Source: Department of Finance, Canada

7. In an Open Banking World
Source: Accenture

8. Open Banking Key Roles
Source: European Payments Council, HSBC

9. New Players

10. 10
Banks vs FinTechs
Source: EY, "A vision for platform-based banking"

11. New players
across the
value chain
(1)
11Source: The Valley Digital Business School

12. New players
across the
value chain
(2)
12Source: The Valley Digital Business School

13. Traditional set-up

14. Overview: verticals, roles and models
14Source: FT Partners

15. Payments landscape
15Source: FT Partners

16. Banking / Lending / Real Estate
16Source: FT Partners

17. 1 432
Technology Compliance New Regulations Use of Data
• Digitization
• Artificial
Intelligence
• Blockchain
Incumbents face new challenges…
• Digitization
• Artificial
Intelligence
• Blockchain
• Basel III
• GDPR
• MiFid II
• PSD2
• Securities Financing
Transaction Regulation (SFTR)
• Reporting requirements
• Big data
• Data mining
17

18. Attack Invest in digital / acquisitions
• DBS Bank (new digital strategy, Digibank)
• Goldman Sachs (Markus)
• ING (Yolt money management platform)
• Sberbank (Sberbank Direkt, Germany)
• BNP Paribas (Hello Bank)
Partner New capabilities through partners
Diversify /
Differentiate Move into new markets / products
Examples
…and respond in different ways
• Western Union & Amazon
• Standard Chartered and Alipay (blockchain)
• Visa & Billtrust
• Starling Bank with Post Office (UK)
• CurrencyCloud & Monese/FidorBank/Revolut
• N26 & Transferwise
• Commerzbank and IDnow
Approach
• Royal Bank of Canada (platform for services)
• Barclays (docs cloud storage)
• Commonwealth Bank of Australia (Daily IQ)
• Santander (blockchain x-border payments)
Strategy

19. HSBC / Digital partner platform
A few examples setting the trends:
— Digital Partner Platform / launch in early 2019
— Streamline the ability for third-parties
(FinTechs) to work with HSBC
— Easy access to products for Corporates
Sberbank & Yandex
— B2B Payments platform
— The platform automatically generates
invoices and allows companies to accept
online payments from corporate clients
HSBC / Digital partner platform
— Digital Partner Platform / launch in early 2019
— Streamline the ability for third-parties
(FinTechs) to work with HSBC
— Easy access to products for Corporates
Stripe & Twilio
— Pay API let businesses accept
payments over the phone Oracle & Citi
— Oracle ERP Banking as a Service (BaaS)
Connector
— To integrate with Citi Treasury and Trade
Solutions (TTS), allowing treasurers to initiate
payments and gain insight into transactions
BBVA
— BaaS platform
— APIs’ use to allow FinTechs & third
parties to connect to BBVA’s banking
services
IBM / Open Banking platform
— Software layer sitting on top of
existing banking systems
— Allows banks to access APIs from
IBM and other fintech providers.
19

20. Challenges and opportunities
Virtual accounts
 Reconciliation – multiple accounts
 Multi-currency accounts
 Enhance client offering
 Build new business around
 Virtual IBAN
1
Trade Finance
 Blockchain
 Invoice discounting for short-term
lending
2
Cash Management
 Real-time cash forecasting
 Cash flow forecasting
 Real-time cash position
 Intraday pooling
3
Alternative lending
 P2P lending
 On-line lending
4
Payments
 Real-time payments
 X-border payments
 Payments reliability
 Integration into platforms
5
Client Onboarding
 Automated process
 KYC / ALM checks
6
Open Banking / PSD2
 Single view
 Integration of accounts
 Info consolidation
 Partner with Fintechs
 Consolidation of providers / partners
7
APIs
 aggregated, real-time
view of balance and
transaction information
across accounts and
multiple banks
 intraday or real-time
visibility over cash
8

21. Areas to watch

22. New Business Models
22Source: FT Partners

23. Financial
Services
regulation
technologies
23Source: Willis Towers Watson

24. Blockchain
examples in
Financial
Services
24
Source: Infosys, Blockchain adoption in Financial Services

25. 25Source: Infosys, Blockchain adoption in Financial Services
Blockchain example: Trade Finance flows

26. Human vs AI
26Source: Willis Towers Watson

27. 27Source: EY, Efma, Intesa SanPaolo
Customer Experience (CX)

28. 28
Customer Experience Components
Source: EY, Efma, Intesa SanPaolo

29. Non-employee talent opportunities growing
29Source: Willis Towers Watson

30. Thank you and please do get in touch!
30
Panagiotis Kriaris
pkriaris