Financial technology & new trends in banking sector. What will be important for IT in next years? Are Fintechs a solution for changing customer demands? Fintech are expanding horizons for customers. The real change is next door... Fintech startups & technology companies influence our customer banking services experience.

1. Fintechs
CULTURE SHIFT IN BANKING SECTOR
Design
the Future
by Tadeusz Kifner

2. Customers demand
02/10FINTECHS
Removing friction from the customer
journey by adding new technology
support
Socialized banking - merger virtual
world with real one
Developing markets rapidly increase number if Financial Services Customers
Design
the Future
by Tadeusz Kifner
Ease mobile transactions & digital
payments
Use universal wallets instead of
specialized banking services

3. Any Answer?
Banking Sector Strategies
03/10
FINTECHS
Design
the Future
by Tadeusz Kifner

4. ...but Fintechs get more & more
market shares
Banks answer for new challanges
Consolidations
Mergers
or
Build relationship with Fintech
JVCs
Own innovation units
Picture from https://www.forbes.com/sites/jeanbaptiste/2016/09/28/the-global-fintech-landscape-reaches-over-1000-companies-105b-in-funding-867b-in-value-report/#24cc2bb726f3
Design
the Future
by Tadeusz Kifner

5. Fintech strategy
Customer needs and user
experience on top
Real business cases
Listen to the market changes and
trends
Know user behavior patterns
Fast delivery
People with t-shirts and free
attitude
Bank strategy
Internal culture eats strategy for
lunch
Bank is not banking
Too often strategy is vision based
on the past not reality & for future
Generic and not tailored services
not correspond to trends
Lots regulations means slow
implementation
People with white collars attitude
Design
the Future
by Tadeusz Kifner

6. Organisational trends
in banking sector
Isolation of new startups & innovation units from old-
economy/corporations
Internal politics, history and old habits do not help
innovation
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FINTECHS
Design
the Future
by Tadeusz Kifner

7. Tech Trends
FINTECHS
RegTech via APIs or directly moves deeper into bank
infrastructure
Proof of Concepts in place for: blockchain, bots, IoT,
machine learning and artificial intelligence
PSD2, platforms, APIs and open banking forces banks and
financial environment to partner
Finanacial Services gets integrated with social media,
sensors and real world Internet of Things
Cloud & Biometric gets status of commodity services
Agility and IT management focus on IT ecosystem & IT
culture more than on technology
Contactless , mobility, reuse of tech-blocks, new technology
entrant increase security threats
Big data, social data, cognitive services, sensors & real world
IoT data accelerate demand on data analysis
Rise of smart machines starts process of Market
Cannibalization
Design
the Future
by Tadeusz Kifner

8. No return from fintech way...
Sourroundings
The FinTech buzz continues
Ant Financial gets global applause,
Bank Giants gets less focus
Regulators do not help enough
Intensified war for IT talent
The end of real privacy on horizon
Rise of insurtech & regtech
Regtech adress technology regulatory
challanges
Design
the Future
by Tadeusz Kifner

9. Is RegTech the new
FinTech?
REGULATORY OF TECHNOLOGY IS HELPING MANAGE RISKS
OR MAKING BETTER BUSINESS MODELS?
09/10FINTECHS
Design
the Future
by Tadeusz Kifner
To be Continue...

10. Thank You!
FINTECHS WILL MAKE A NEW STORY...
Design
the Future
by Tadeusz Kifner