Welcome to 2016 Digital Banking.
Upon hearing that I cover the technology side of banking, someone asked me recently, in a genuinely puzzled manner, What else is there?
Well, practically speaking, theres whats going on in Washington, theres mergers and acquisitions, theres setting loan and deposit rates, and a host of other things that fine writers and editors cover in this space.
But no question, technology and digital banking take up an ever-greater share of strategy, thought and resources in the financial industry.
The fintech disruptors, from Lending Club and Prosper to Stripe to Apple Pay, Venmo, and Samsung Pay, to Betterment to Level Money, Acorn and Digit, have been sucking up all the air in the room lately. Many people say banks are being unbundled by these newer players, who will cherry-pick the best parts of the business and leave banks to act as utilities in the background. Others say banks will win, by partnering with, buying and competing effectively with the startups.
At this years Digital Banking Summit, we will explore these themes. Well banter with some of the disruptors, well brainstorm ideas for how banks can effectively compete and stay relevant, and well hear from some of the leaders who are creating frictionless user experiences and providing the best mobile and online banking apps out there. Well debate the best approaches to cybersecurity, making sure customer interactions are safe and not socially engineered. Well hash out the best approaches to mobile payments and to fintech partnerships. Well look at innovative technologies like blockchain, the internet of things, and advanced real-time analytics and where they can improve digital banking. We will do our best to inspire and challenge assumptions.
We hope to see you there.
Editor at Large