The Race to Primary Banking Relationship Status


Nov
26
Teamspirit, Holborn Gate, 326 - 330 High Holborn, London, WC1V 7PP
08:30 for 09:00 until 11:00
E

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Fintech

With over a decade of investment and growth, the UK has become an internationally recognised centre of fintech excellence with an enviable record of nurturing fintech banks.  Yet the reality is that few of the new fintech providers have secured primary banking relationship status with their customers and the traditional banks still dominate.

Despite attracting record numbers of new customers, fintechs are not yet trusted with the ‘heavy stuff’ such as salaries, mortgage payments and pensions.  Meantime many of the established banks, having completed major digital transformation programmes, have addressed the needs and offer many of the benefits fintechs were founded upon.

In this session, we will hear from leading fintech banks as well as the digitally enabled established players. What’s holding fintechs back and how much time they have left to reach primary banking status now that the gap between traditional and new guard is closing?  Are the fintech banks in danger of being nice extras rather than the main event?

SPEAKERS

Alexandra Frean, Head of Corporate Affairs, Starling Bank
Will Sorby, General Manager UK, N26
Michael Pearson, Founder, Clarus Investments
Chair: Fiona Couper, Business and Marketing Director, Teamspirit

Alexandra Frean

Alexandra Frean

Head of Corporate Affairs

Starling Bank

Fiona Couper

Fiona Couper

Business Development and Marketing Director

Teamspirit

michael-pearson

Michael Pearson

Founder

Clarus Investments

Will Sorby

Will Sorby

General Manager UK

N26

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Eyal Nachum

Moneta International UAB

Aug 30, 2019

According to Eyal Nachum (Co-founder of Moneta International UAB), "Banks have accepted several strategies to tap into the exciting Fintech scene that includes venture capital-style investment and incubator/accelerator programs. This close partnership with the Fintech community has helped banks to become occupied in developments and establish banks’ role in bringing the future of payments.

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