Who will survive the race for digital supremacy?
19th & 20th June 2018
Digitalization is all about the survival of the fittest and the digital banking landscape in the Central and Eastern Europe is witnessing a rapid transformation. The dawn of digital age presents its own challenges and complexities to banks in their day to day operations. Challenges of ever evolving banking regulations such as the General Data Protection Regulation and the PSD 2, compel banks to leverage technology to a greater extent in delivering frictionless and seamless customer experience whilst being compliant
Revised regulatory policies, advent of new technologies combined with shifting customer needs has fueled the growth of banking competitors. According to research, digital banking users are expected to reach nearly 3 billion by 2021. With fintech firms as well as big tech giants on the rise, traditional retail banking institutes will have to play catch up. The billion-dollar question here is who will survive in this race for digital supremacy?
In its initiative to add value to the banking sector, UMS Conference is proud to introduce its New Age Banking Series in Europe. At its core, the summit is designed to address key challenges and also explore technologies that can accelerate the banking sector into the digital age. With a focus on emerging channels such as Blockchain, Next-Generation Payments, Artificial Intelligence, Big Data and Cyber Security, the summit will be a knowledge-sharing platform that will explore innovative tech solutions key to shaping the future of banking in Europe.
“By 2020, hundreds of billions of connected devices will be in the world with the market with a CAGR of $25 billion USD.”- LetsTalkPayments
“Spending on the Central and Eastern Europe Big Data and Analytics Market Will Reach $4.4 Billion in 2020. “- IDC
“The CEE FinTech market is estimated to be worth over €2.2 billion, with the FinTech investment market in the region to grow at 55% annually until 2020.” – LetsTalkPayments