This event brings together distinguished personnel from banks, government bodies and technology companies to discuss and address crucial issues on how to seize new opportunities in retail banking and wealth management while making it beneficial for all stakeholders.
Blockchain: A disruption for the banking industry?
One of the important topic focus of this year's Banking Operations Forum is payments. We talked to Roberto García Mora, IT Innovation Manager at Santander, in a pre-event interview about the topic of his presentation – Blockchain.
Blockchain: is it just a buzzword, or an advance signal of a revolutionary change in payments?
It is more than payments, it is an advance signal of a revolutionary change in the way the inter-banking model works.
Can you share any issues you have overcome or any threats that you are currently dealing with when it comes to blockchain?
Blockchain still has to overcome some technical issues like scalability, and it needs a development model based on cooperation between banks – they need to collaborate.
What should customers know about cryptocurrencies and how should the message be put across?
Fiat cryptocurrencies may help to substitute for paper money, improving the efficiency and transparency of the economy. While other cryptocurrencies not backed by a Central bank are just a high-risk investment instrument.
Bitcoin is yet another buzzword changing the world of finance. In one of his speeches, Jon Matonis, Founder of the Bitcoin Foundation, summed up the basic benefits of Bitcoin for both consumers and merchants, and listed its similar characteristics to paper cash. During the presentation, he made the audience familiar with a controversial quote:
“Bitcoin is to legal tender as BitTorrents are to copyrights.”
- John Matonis
Have a look at some other quotes about Bitcoin:
"Bitcoin is the most important invention in the history of the world since the Internet."
"Every informed person needs to know about Bitcoin because it might be one of the world's most important developments."
"Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative."
"I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government]... is actually pretty cool."
Bitcoin: A currency without a government?
Jon Matonis is also one of the speakers at the BankInno 2016 - let's see if he has any surprises prepared for his presentation “Cryptocurrency issues: What is going to be the next digital currency?”
Interested in this topic?
Credit Risk Management Forum
Credit risk management is still a big issue, IFRS 9 is going to be implemented, the digital era and big data is already influencing the banking sector and credit risk management as well. How can banks deal with all these issues?
Retail Banking Forum
As the region's favorite conference, the Retail Banking Forum is the industry's meeting place, where seasoned banking professionals combine C-level insights on successful retail banking strategies and hands-on case studies, transforming the current financial ecosystem.
Collateral Management Forum
The most established Collateral Management Forum in Europe is approaching its 11th Annual. 2017 is turning out to be filled with questions on initial margin and variation margin deadlines, MiFID II, Brexit, digitalization in collateral management and more, which will be answered at this forum.
Are we prepared for the next crisis?
Even though banks are better prepared for a new potential crisis, there are still possible risks to account for. Get insight from our speaker Peter Magala, CRO at VUB Bank, on the most prominent problems the industry is facing.
Shared Services case study by Roche
While industry strives for making various processes automatic, there will still be work that needs to be done by human beings. Read the insights on the topic from Imre Zsoldos, Finance and Accounting Director at Roche bellow and come hear more at the 8th Annual Shared Services Forum.
Shared Services Thriving in CEE region
Shared Services are on the rise and Central East Europe is a very popular region to establish one. How popular? Find out in our infographic below: