London Summit 2018

New Rules: Open Banking, FinTech, and Big Tech

London Summit 2018

New Rules: Open Banking, FinTech, and Big Tech

Though General Data Protection Regulation has dominated headlines, open banking and the Second Payment Services Directive have set the tone for regulating financial data in the E.U. They are hailed by proponents as a way to make financial markets more competitive by allowing customers to transfer their banking data between institutions. FinTech companies have cheered these changes as an opportunity to rival traditional banks. But even the competition has competition: Asian and American tech firms seem poised to challenge both incumbents and FinTechs alike. How will contention for financial services play out, and what should policymakers consider as they implement the new regulations?

Speakers

Moderator

James Mackintosh

Senior Columnist, Markets, The Wall Street Journal

 

Speakers

Louise Beaumont

Chair, Advisor, Investor

 

Elena Lieskovska

Senior Managing Director, Head of European Specialty Finance, Värde Partners

 

Gavin Littlejohn

Chairman, Financial Data and Technology Association

 

Ajay Vij

Senior Vice President and Industry Head, Financial Services, Infosys

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