Leathwaite was pleased to attend the 2016 Telegraph FinTech event, which specifically focused on the impact of Brexit upon the UK FinTech sector.

The event was attended by Max Woolger, Leathwaite client lead, who summarised the event:

“It was a fascinating day. Having the opportunity to listen to so many people who are integral to this sector discuss how Brexit, regulation, cyber security and talent attraction and retention will each play a crucial role in shaping the next lifecycle of the industry. In particular, I found the discussions surrounding the need for collaboration particularly interesting as this will become an issue of paramount importance as the industry continues to mature.”

Following the Chairman’s Introduction, from Jeremy Warner, the Assistant Editor of the Daily Telegraph, the first session was titled “Creating World Beating Businesses in the UK – Will They Come from FinTech?” which was led by Ashok Vaswani, CEO Barclays UK.

This was followed by the first full panel discussion which was titled “Shifting Sands of FinTech: The Future of the UK Outside of the EU,” which included discussions surrounding: What does the impact of a “hard” brexit mean to UK FinTech? How are global FinTech hubs evolving and collaborating, and what is London’s role in this? Which single area of UK FinTech will have the biggest impact globally over the next 10 years? What more is needed to help Britain’s FinTech start-ups scale internationally?

The panel group that led these topics included:

  • Ashok Vaswani, CEO Barclays UK
  • Anthony Olsen, EU Chief Legal & Compliance Officer Remitly
  • Francisco Lorca Managing Director Startupbootcamp FinTech London
  • Christoph Rieche, Co-Founder & CEO iwoca
  • Moderator: Lawrence Wintermeyer, CEO, Innovate Finance

The second panel session was titled “The Implications of PSD2,” which discussed if PSD2 will accelerate fragmentation in the FinTech industry, whether PSD2 will level the playing field for start-ups in the FinTech space and how emerging service providers are innovatively leveraging regulation.

The panel group for this session was made up from:

  • Mike Laven, Chief Executive Officer, Currency Cloud
  • Gemma Godfrey, Founder and CEO, Moo.la
  • Ahmed Badr, Head of Legal, GoCardless
  • Damian Richardson, Head of Payments Strategy and Innovation, RBS
  • Moderator: Dan Morgan Head of Policy and Regulation, Innovate Finance

The first panel discussion for the afternoon addressed “Data Analytics and Consumer Behaviour as Key Drivers for Innovation.” Key discussion points included: Dynamic developments in customer behaviour & educating the customer on the benefits of apps, leveraging analytics to harness customer data and shape FinTech & services, cost vs customer experience, and leveraging Big Data to uncover trends and serve customers in real-time.

The panel:

  • Salvador Garcia, Co-Founder and Co-CEO, Ebury
  • Stewart Roberts, Executive Vice President and CFO, iZettle
  • Wendy Jephson, Co-Founder and Chief Behavioural Scientist, Sybenetix
  • Moderator: Stewart Bromley, COO, Atom Bank

The second session of the afternoon focused on “The Transformational Power of Collaboration to Secure the Position of UK FinTech.” Key subjects within this panel included: Achieving real service advancement & cost-savings through adoption of innovative technology, leveraging the complementary strengths of banks and FinTechs, understanding how quickly disruption at scale is taking hold and demonstrating this by sharing successful case studies that help to create a FinTech ecosystem.

The panel for this session was:

  • Hannah Nixon, Managing Director, Payment Systems Regulator
  • James Carlyle, Chief Engineer / MD, R3 CEV
  • Lubaina Manji, Head of Rise and Open Innovation, Barclays
  • Pete Behrens, COO, RateSetter
  • Moderator: Jeremy Warner, Assistant Editor, Daily Telegraph, Telegraph Media Group

After a networking refreshment break there was the opportunity for the audience to grapple with the talking points surrounding the Future of FinTech. Four discussion groups reported back on the key issues that delegates were facing. These sessions were led by:

  • Table 1 – Understanding the Latest Trends in RegTech – Host: Edward Ungar, Chief Commercial Officer, Onfido
  • Table 2 – Collaboration: the key to UK FinTech retaining its no.1 status – Host: James Carlyle, Chief Engineer, MD, R3 CEV
  • Table 3 – The Implications of PSD2 & Leveraging Data Analytics to Delight Customers – Host: Stewart Bromley, COO, Atom Bank
  • Table 4 – Securing Transactions and Customer Data End-to-End – Host: Christophe Remillet, Founder, Managing Director and Chief Technology Offcer, OneVisage

As the day drew towards a close, there was a keynote address from Claire Sunderland Hay, Head of FinTech Accelerator, Bank of England, titled “The promise of FinTech.” This was followed by Neil Costigan, Chief Executive Officer at BehavioSec, discussing “Proof of Concept: Bringing Behavioural Biometrics to Consumer Devices.”

The final panel discussion of the day focused on “Innovation in Biometric Technology,” specifically addressing  how to develop a more convenient and secure means to access information and reduce fraud, how biometrics will change the face of global banking and payments and the quest to build consumer trust in secure digital financial services.

Within this panel were:

  • Neil Costigan, Chief Executive Officer, BehavioSec
  • Nick Telford-Reed, Director of Technology Innovation, Worldpay
  • Christophe Remillet, Founder, Managing Director and Chief Technology Offcer, OneVisage
  • Moderator: Richard Davies, Global Head of Propositions, Commercial Banking, HSBC

More information:

Leathwaite specialises in delivering a suite of human capital consultancy solutions, partnering with a number of the world’s premier brands to assist them in maximising the effectiveness of the people within their organisation.

Within the FinTech sector, Leathwaite has been assisting a number of businesses through talent attraction, consultancy, market intelligence and executive interim solutions.

For advice on the latest developments within the FinTech sector, please contact Max Woolger on +44 207 151 5126 or email max.woolger@www.leathwaite.com.

 

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