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Technology 2020: the future of financial services is with us

KPMG’s Financial Services Conference aims to explore challenges faced by financial services providers as they contend with digitisation, robotics and artificial intelligence, blockchain, cryptocurrencies, cloud-computing and big data as fintech is set to progressively overhaul their systems and hence their businesses.

The conference will explore the issues surrounding the impact of fintech on financial services providers and aims to generate debate on what the future will look like, what such providers need to do to survive and thrive, in which manner regulation and tax will come into play, what clients are expecting, what challenges lie ahead and how to address them now and not later.

The whole market gamut from retail and wholesale payments to the capital markets and securities trading, as well as trade finance and transaction banking will be affected. Indeed, this will not only effect banks, e-money institutions and payment gateways, but also all other financial services providers who will invariably be caught up in the whirlwind of technological advancement, with insurtech and the like being considered a tsunami rather than a wave hitting the financial services scene.

In which manner is fintech a way for them in achieving greater efficiency and where does it pose a risk? How much investment should be made in cybersecurity? Can financial services providers determine the direction of travel? In which areas can Malta lead in becoming a hub for fintech start-ups? Such are the areas the KPMG’s Biennial Financial Services conference for 2017 would aim to explore and generate thought leadership about. For more information e-mail conferences@kpmg.com.mt.

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