Fintech continues to change the face of financial services, driving disruption, disintermediation and democratisation within the sector. This has opened the door to new opportunity and new market entrants, creating fertile ground for innovation and growth while blurring the lines of distinction between finance and technology.
Fintech presents enormous socio-economic potential, and cities across the world are vying to establish themselves as leading innovation hubs. In Europe, London continues to exert its dominance as the leading region for inward investment, but there has been significant progress from other quarters, with Berlin and Stockholm achieving sizeable gains. Scotland is also showing strong signs of promise; a dedicated Fintech hub is now imminent, while a new body has been created to provide a platform to connect and promote the Scottish Fintech ecosystem.
This Summit will explore technological innovation across the financial services sector, from developments in established tier-1 firms to the disruptive innovators within the start-up community that are reshaping the FS market. The summit is geared for senior technologists, business leaders, innovators and investors, and will bring these key stakeholders together for knowledge exchange, discussion and cross-pollination.
Core conference topics will include:
• Landscape: Social, Geo-political & Financial
• Regulation: GDPR, PSD2, Open Banking & APIs
• Customer Strategy: UX, Data Insight, Marketing & ML
• Emerging Tech: Blockchain, Analytics, AI & Payments
• National Strategy: Skills, Funding, Collaboration & Cyber Security
• Infrastructure: IT, Digital, Cloud & Mobile
The General Data Protection Regulation (GDPR) comes into force on 25 May 2018. GDPR is a hugely important piece of legislation designed to replace antiquated data protection rules with a new framework which accounts for recent technological advancements.
Fundamentally, GDPR is about protecting people: in this digital age, our world is awash with data and individuals are generating a continuous flow of personal information. This data can hold huge socio-economic value, from individual preference and personalisation, to understanding national health trends and global business insights. But while the digital age has brought forth huge possibilities and benefits, it also carries inherent dangers.
Some of the most powerful companies in the world have established a business model predicated on the basis of data capture. Increasingly, services like email, search and social media have become available free of charge, but this often involves a trade-off where user access comes at the cost of relinquishing control of data. As the value of this information has become clear, there has been growing recognition that a new framework is needed to police this delicate balance and restore ownership and control.
GDPR will significantly raise the bar of obligation and accountability, ensuring that all organisations which handle personal data adhere to strict regulations around privacy, security and consent. This conference will contextualise the changing regulatory landscape, explain the significance of incoming rules, and define the key areas that organisations need to be aware of.
Core conference topics include:
• Key legal issues and obligations
• Privacy Impact Assessments
• Data security and breach notification
• Privacy by design
• DPO requirements
• Practical strategy implementation