Between finance and technology: global trends and best practices to leverage fintech and digital payments as a driver for development

Between finance and technology: global trends and best practices to leverage fintech and digital payments as a driver for development

Autore:

Data: 14/05/2019

Ore: 15:00 - 18:00

Luogo: Camera di Commercio Roma - Via de' Burrò 147, Roma

Tematica:

In the first 6 months of 2018 global investments in fintech were exceptional: this record half-year has seen $58 billion raised worldwide, a growth of more than two and a half times compared to the prior year. In this evolving landscape, growth is driven especially by the payment segment. In 2017 investments in this area increased by 30%. It’s expected that, by 2020, digital transactions will make up nearly 20% of global retail transactions value.

 

Such a disruptive change will inevitably affect all those entities gravitating around the financial sector and will present critical challenges for financial institutions and regulators, as much as for the customers and the final users. As tectonic changes unfold, the divide widens between winners and losers and blends the boarders between traditional financial intermediation and technology.

 

Payments, consumer, SME and corporate lending, deposits, asset management, private banking, capital markets, settlements and even compliance are affected. The value created not just to consumers but also to shareholders and countries is such that no policy maker can ignore the opportunity.  The value is not only economical but also social, as fintech and digital payments provide more inclusive solutions than traditional financial intermediation. Equally important, fintech – directly and indirectly – creates quality jobs.

As opportunities rise, so are the threats: cyberattacks, data breaches, digital frauds, money laundry and anonymous terrorism financing require more technology and a different approach to be tackled effectively.

 

This roundtable wants to bring together global experts, leading industry representative and practitioners as well as policy makers to provide an open platform for discussion on what the global trends are, the near and medium future will look like and what attitude, policies and infrastructure are needed to make fintech a powerful tool of development, an great opportunity rather than a dangerous threat.

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