On Friday 4 October, the Novotel Amsterdam City Convention Centre opened its doors to senior executives attending the inaugural Open Banking Expo Europe.
Taking place shortly after the PSD2 directive rolled out across the European financial services landscape, Open Banking Expo Europe was perfectly timed to get delegates up to speed on the challenges and opportunities Open Banking presents.
The programme offered a diverse agenda of in-depth case studies alongside lively panel discussions, expertly co-chaired by EY’s Associate Partner Jeroen van der Kroft and Director Marc ter Haar.
The event, headlined by Open Banking platform provider Token Inc, welcomed almost 200 delegates from the worlds of financial services, fintechs and regulators.
Alexander Zwart kicked off the event with a unique insight into Rabobank’s digital transformation. Its recent app re-engineering is aimed at improving the customer journey and to help make its customers financially more healthy. The bank continues to invest in fintechs that build brands for both consumers and businesses.
Other case studies included Fortuna Bank, BBVA, Erste Group and its George Labs product offering, Bank of Lithuania, and an out-of-industry look at the International Air Transport Association Open Banking model.
The event brought together for the first time regulators from the UK, France, Germany and Poland to discuss if Open Banking can ever realise its potential with more than one standard.
Swedish Open banking platform, Tink later lifted the lid on its plans to launch into he Netherlands market as it looks to strengthen its foothold in Europe.
Another panel debate explored Open Banking and if it is the revolution pundits are suggesting. Representatives from Lloyds Banking Group, Klarna Bank, Danske Bank, the Dutch Payments Association and NDGIT all had varying views.
The agenda featured an SME debate; panellists from Yapily, Open Bank Project and Fidor Solutions revealed their predictions for the future of SME lending with Open Banking at its core.
The event closed with an uplifting keynote from Mark Buitenhek, ING’s Global Head of Transaction Services, who lifted the lid on what an innovative ecosystem of traditional payment providers and fintechs looks like.
In an event poll delegates were asked how much impact Open Banking would have on the industry. 67% of attendees felt that it would pose considerable change with unpredictable impact and 25% said it would change everything. Only 9% of respondents said it would have no or little change.
For more information on the event, or to register your interest for the next European event, please contact firstname.lastname@example.org.