This document discusses fintech and its relationship with banks. It covers 3 topics: 1) How the Payment Services Directive 2 (PSD2) is creating a new fintech ecosystem. 2) The relationship between fintech companies and banks, and how they are codependent. 3) How China is leading in fintech development and the important role of government regulation in the country's fintech sector.
apidays LIVE LONDON - The European TPP Landscape in 2020 by Kieran Hinesapidays
apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs
The European TPP Landscape in 2020 - Charting the progress of open banking
Kieran Hines, Senior Analyst at Celent
How new banking technology is going to affect accountantsAndrew Garvey
The effect that changes in the banking and finance industry will have on accountants and their clients. As the provision of banking and financial services is increasingly digital and ever more fragmented among a number of “challengers” there is a huge amount of information for accountants to process let alone their clients. With the bank manager rapidly disappearing from the high street this presentation looks to set out the current landscape and try to signpost how accountants can navigate the increasingly complicated financial services waters.
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
apidays LIVE LONDON - Revitalising the core with Banking-as-a-Service by Nige...apidays
apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs
Revitalising the core with Banking-as-a-Service
Nigel Verdon, CEO of Railsbank
The 7 Benefits of a Treasury Management System Infographic. See what a modern TMS has to offer to CFOs & Treasurers.
Learn more about our aplonCASH TMS solution at http://www.paymentcomponents.com/aploncash/
Follow us on Twitter @paymentcomp
BlockXen Co., Ltd. Pitch Deck for the Item_Crypto-pay SystemJaewoo Park
The thing is, BlockXen makes people not only be able to THINK, but even PAY for all of the product in terms of Cryptocurrency, not still a Won or Dollar.
Global payments community supplemented revenues, income and earnings per share information determined in accordance with GAAP by providing those measures on an adjusted basis in this earnings release to assist with evaluating performance. In addition to GAAP measures, management uses these non-GAAP measures to focus on the factors the company believes are pertinent to the daily management of our operations
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap within the financial system. Despite the strides that the country has made in this space, the Philippines’ narrative has often been overlooked by international media when examining financial innovations within South East Asia.
I was commissioned by Fintechnews Network to create this report, from research to layout.
For more service like this, reach me at LinkedIn@jocelyn18 or jocelyncy@gmail.com. Thanks!
apidays LIVE LONDON - The European TPP Landscape in 2020 by Kieran Hinesapidays
apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs
The European TPP Landscape in 2020 - Charting the progress of open banking
Kieran Hines, Senior Analyst at Celent
How new banking technology is going to affect accountantsAndrew Garvey
The effect that changes in the banking and finance industry will have on accountants and their clients. As the provision of banking and financial services is increasingly digital and ever more fragmented among a number of “challengers” there is a huge amount of information for accountants to process let alone their clients. With the bank manager rapidly disappearing from the high street this presentation looks to set out the current landscape and try to signpost how accountants can navigate the increasingly complicated financial services waters.
How we will be paying in 2020 - SPA Technical Director, Lorenzo Gaston at EPC...Smart Payment Association
Retail Payments Vision 2015 – And SPA perspective
The retail payment ecosystem is changing. Over recent years we’ve seen the democratizing effect of technology create an ever-broader payments landscape.
Contactless, NFC payment, m-wallets, cross border and person-to-person transactions, and the emergence of virtual currencies are all contributing to growth.
It’s a market too that is being shaped by the demands of a new generation of retail customers: one in which simplicity, speed and convenience are king.
At the same time, we’ve seen the traditional banking and settlement value chain come under pressure from big brand entrants – from mobile operators, Google, Apple and others. These new entrants are changing the dynamics of the industry as new commercial partnerships and models develop to offer an ever-widening range of convenient payment options to consumers and businesses.
This rate of change raises some interesting questions: how to secure ‘card/person not present’ transactions; how to protect customer data; and how to guard against a new breed of cyber criminal looking to capitalize on vulnerabilities. Moreover, the appearance of non-traditional players - who may lack the structural understanding, or the technical or financial means to create a fully secure end-to-end environment – could pose serious challenges for banks, regulators, standards bodies and merchants alike.
So what will the future bring? While attempting predications in this heterogeneous retail payments landscape can be an uncertain and somewhat random exercise, the SPA considers the following “12 key trends to watch” to be significant in the coming years.
apidays LIVE LONDON - Revitalising the core with Banking-as-a-Service by Nige...apidays
apidays LIVE LONDON - The Road to Embedded Finance, Banking and Insurance with APIs
Revitalising the core with Banking-as-a-Service
Nigel Verdon, CEO of Railsbank
The 7 Benefits of a Treasury Management System Infographic. See what a modern TMS has to offer to CFOs & Treasurers.
Learn more about our aplonCASH TMS solution at http://www.paymentcomponents.com/aploncash/
Follow us on Twitter @paymentcomp
BlockXen Co., Ltd. Pitch Deck for the Item_Crypto-pay SystemJaewoo Park
The thing is, BlockXen makes people not only be able to THINK, but even PAY for all of the product in terms of Cryptocurrency, not still a Won or Dollar.
Global payments community supplemented revenues, income and earnings per share information determined in accordance with GAAP by providing those measures on an adjusted basis in this earnings release to assist with evaluating performance. In addition to GAAP measures, management uses these non-GAAP measures to focus on the factors the company believes are pertinent to the daily management of our operations
The Philippines’ fintech ecosystem is brimming with innovation with a vibrant mix of entrepreneurs attempting to fill in the gap within the financial system. Despite the strides that the country has made in this space, the Philippines’ narrative has often been overlooked by international media when examining financial innovations within South East Asia.
I was commissioned by Fintechnews Network to create this report, from research to layout.
For more service like this, reach me at LinkedIn@jocelyn18 or jocelyncy@gmail.com. Thanks!
Mobile Wars: Fintech vs. Banks... and Big Tech in AmbushKatia Bazzocchi
Pure mobile banks gain users daily, as they benefit from accessible smartphone technology. Millenials are the principal users of mobile banks, and will soon be followed by Generation Z. As consumer expectations continue to be shaped by new technology and innovative consumer affairs, a full mobile strategy is key for traditional banks to maintain market share.
Over the last decade, the first wave of fintech has mostly resulted in sustaining innovations within the financial services industry. This presentation explores the next three waves of disruption that are set to revolutionise the economy, from the modularisation of the fintech stack to global consumer platforms extending into finance to the potential of blockchain and Web 3.0.
Las nuevas tecnologías digitales están cambiando la propuesta de valor de los productos y servicios financieros existentes. Mientras los de siempre asimilan las ideas innovadoras, las start-ups irrumpen en el sector.
“71% of Millenials prefer going to the dentist than the bank, whilst a third are willing to change banks in the next 90 days as they see no major difference between one bank and any other.”
This statement encapsulates the principal challenge facing today’s financial institutions in terms of their user experience and level of digitization. It was with this challenge in mind that we set out to analyse the FinTech sector, which constantly finds new ways to capitalize on the opportunities and to solve the problems that this change produces.
Our assessment was based on data from surveys, statistics and particular cases of financial companies using technology to sell their products and services. We shared our findings in “Fintech Report Argentina 2017”. Starting big and gradually working down we focused on the strengths, weaknesses, opportunities, and threats that confront the FinTech sector at the global, regional and local levels.
In 8 years time cryptoeconomy will exceed 10 trillion dollars. Cryptobanks will become a cornerstone in the relations between decentralized economy and future daily life by expanding payment infrastructure and possibilities, making new cryptocurrency payments scenarios and lowering interest rates. Crypterium is a cryptobank creating such future, today.
Crypterium is aiming on provision of comprehensive vertical integrated services, considering collaboration with other cryptocurrency solutions and teams of blockchain enthusiasts.
Mobile Cryptobank
Change is now the common narrative for retail bankers, with three interlocking "Rs" affecting all retail banks. "Regulate" still resonates as authorities finalise efforts to police the systems without stymieing economic growth. Equally challenging is "Revise" as traditional players work out their roles as customer expectations change rapidly. Further impetus comes from the start-ups and non-banking disruptors who aim to "Re-envisage" banking.
MSC introduces a study to assess the impact of COVID-19 on the FinTech ecosystem of Bangladesh. It also extends recommendations for stakeholders to provide grit to the FinTechs.
Similar to Fintech Belgium Summit 2018 - Payments- Koen de Leus - BNP Parisbas Fortis (20)
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
Securing your Kubernetes cluster_ a step-by-step guide to success !KatiaHIMEUR1
Today, after several years of existence, an extremely active community and an ultra-dynamic ecosystem, Kubernetes has established itself as the de facto standard in container orchestration. Thanks to a wide range of managed services, it has never been so easy to set up a ready-to-use Kubernetes cluster.
However, this ease of use means that the subject of security in Kubernetes is often left for later, or even neglected. This exposes companies to significant risks.
In this talk, I'll show you step-by-step how to secure your Kubernetes cluster for greater peace of mind and reliability.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Generating a custom Ruby SDK for your web service or Rails API using Smithyg2nightmarescribd
Have you ever wanted a Ruby client API to communicate with your web service? Smithy is a protocol-agnostic language for defining services and SDKs. Smithy Ruby is an implementation of Smithy that generates a Ruby SDK using a Smithy model. In this talk, we will explore Smithy and Smithy Ruby to learn how to generate custom feature-rich SDKs that can communicate with any web service, such as a Rails JSON API.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
8. Fintechs are impacting the way we serve our customers
Set new user
experience benchmarks
Fasten the pace of
innovation
9. Fintechs are impacting the way we serve our customers
Set new user
experience benchmarks
Fasten the pace of
innovation
Challenge revenue
streams
10. Cost of client acquisition beyond early adopters is high
Fintech versus banks: can’t live with(out) them
11. Cost of client acquisition beyond early adopters is high
Banks still seen as the trusted safe keepers of client data and money
Fintech versus banks: can’t live with(out) them
12. Cost of client acquisition beyond early adopters is high
Banks still seen as the trusted safe keepers of client data and money
Banks have scaling capabilities Fintechs don’t have
Fintech versus banks: can’t live with(out) them
13. Fintech chip away income from banks
Fintech versus banks: can’t live with them
14. BEYOND THE HYPE?
1. FROM PSD2 TO NEW ECOSYSTEM
2. RELATION FINTECH-BANKS:
CAN’T LIVE WITH(OUT) THEM
3. FINTECH FUTURE? WATCH CHINA!
20. Source: USCensus Bureau, Pew Research, Newzoo, Statista, eMarketer, CNNIC, IMF
At a Glance: China vs. US Internet
Although China’s internet penetration is just over 50%, its sheer scale means there are 3x the
number of smartphone users and 11x the number of mobile payment users in China than in the
US.
Internet Smartphone Mobile Internet Mobile Payment
26. Success or failure in China’s internet landscape, especially fintech, is contingent upon
government authority.
Source: SCMP,Abacus,Sina
• Sept 2017: Cryptocurrency exchanges and initial coin
offering banned by the government.
• Dec 2017: China’s central bank and regulatory
commission tightened rules around internet financing
and peer-to-peer online lending, wiping out smaller
players. The last three years have seen the number of
P2P companies shrink from 6,000 to 2,000
• Dec 2017: raise payment platforms reserve fund ratio
from 20% tot 50%, and this will increase to 100%
Government is The Visible Hand
27. BEYOND THE HYPE?
1. FROM PSD2 TO NEW ECOSYSTEM
2. RELATION FINTECH-BANKS:
CAN’T LIVE WITH(OUT) THEM
3. FINTECH FUTURE? WATCH CHINA!
De meest ingrijpende verandering is dat banken verplicht worden om de rekeningen van klanten en de informatie op die rekeningen, open te stellen voor erkende derde partijen. Bedrijven (niet alleen banken) kunnen op die manier betalingen voor je regelen, het saldo op je rekening checken en rekeninginformatie ophalen.
Develop new things. But at the end you as a bank want to keep the relation with client in your own hands.
Baning app / wallet completely integrated in ecosystem, from which you can book tickets for the plane of train, order uber / Didi or look which movies are playing and order tickets, get the insurance that you want and pay your gas and electricity bill
they offer a user experience, which is difficult for banks to offer because it involves for example different business lines which otherwise would have to be alligned.
Fintechs have the advantage that they have no legacy. They can start from scratch!
2, They fasten the pace of innovation
As well, if you adapt an open banking business model, where you realise that almost, but not all the smart people work for your bank, you can tap into knowledge and expertise ouside of organisation. You exchange IP’s to advance your business model. And at the end of the day, innovation has been don with much less internal development costs.
Challenge / broker new revenue streams
FOR DIGITAL NATIVES, early adopters: these once you will have. But most of the time not enough for critical mass
Trust is everything. Banks will never give that up. Without trust, no bank can survive. Sell clients data? No Way. Protection data client? Yes. GDPR is ok. Yes, from development point of view, not good. Behind developments in US (although from the bank side I’m not so sure). Behind developments China. HUGELY (come back to that)
Banks have a lot of clients. So once developed: roll-out and income.
Fintech: develop, market, and hope that you can get critical mass asap.
e.g. subscription payments to spotify
Subscription to streaming video, music, services ….
The handling of these payments in the subscription ecnoomy is done by a fintech company named Zuora.
Digital highway of China
China is evolving fast.
Picture show you the evolution of Shanghai since 1990. in Belgium We have been talking about Oosteerweel, a connection of 10 kilomters to close the Ring of Antwerp since the 90s. 26y after we have to decided to go ahead with it.
China moves fast and that goes certainly for its digital evolution
It took 4 years in China for Peer-2-Peer transaction volume to exceed 5 bn.US$ in the US. It took 2 years in China.
And this is more or less a rule o thub: on the digital front, everything goes twice as fast in China.
Of course the fact that there was no retail banking, is a big plus for China. They leapfrog the stage with bank branches and are roling out now a whole digital retail network.
Baning app / wallet completely integrated in ecosystem, from which you can book tickets for the plane of train, order uber / Didi or look which movies are playing and order tickets, get the insurance that you want and pay your gas and electricity bill
Payment is completely done via QR-cde
And when I say everything, I mean everything, the baggers as well.
Qhat is next in finance? What is the banking sector looking at the try to see the next big thing?
QR-fraude as well P2P ledning fraud!
And that, ladies and gentleman, is where I see as well the limits of Fintech, as well in the west.
Working with the banks to increase customers experience is great andfun. To take over the businees of the banks, means you’ll need to apply all the boring rules, controls and capital requirements.
I can assure you there is much less fun in that.
So what I suggest is that we keep on working side by side and live happy ever after.
Thanks for your attention.