The Must-Know Stories Shaping The Agenda
At Money20/20, you’ll never get an agenda full of content you’ve heard before. The agenda is designed to challenge established beliefs, unearth the next big trends and put front and centre the unexpected. It’s created and curated by a team of independent industry experts and business leaders and reflects what’s truly disrupting Asia’s Fintech ecosystem. In 2019, there a 4 big stories at the forefront of the agenda that bring to life the freshest insight on developments and tools you’ll need to futureproof your business.
The Challenger Banks' Playbook
There are three types of ‘challenger bank’ that are disrupting and evolving the banking model – the scaling digibanks building out their retail propositions in Asia and expanding into lucrative adjacencies such as SME banking and banking-as-a-service; the tech giants leveraging their core customer base to move into financial services and the incumbent banks launching digital-only subsidiaries. At Money20/20 Asia we’ll dive into these three playbooks to explore which has the greatest competitive advantage and to understand the new commercial models, the application of technology and the partnership opportunities that these new models enable.
The ‘Platform Ecology’ Model
The dominance of Tencent and Ant Financial in China has driven a new type of business model, ‘the ‘platform ecology’ model. These tech giants have leveraged marketplace dynamics to achieve hyper-scale and now offer consumers a range of financial and non-financial services, both their own and from third parties, integrated via a frictionless payments layer. As this model expands out of China and into South East Asia, we will explore the economics of the ‘platform ecology’ model and how this is disrupting existing business models as well as looking at how regulatory changes might disrupt these platforms as they scale and internationalize.
Now this ‘platform ecology’ model is moving beyond a B2C play into the B2B world. Chinese tech giants are now becoming technology providers to banks, leveraging advanced financial cloud technology, AI, machine learning and predictive analytics. This superapp model for banks will replace core banking infrastructure improving customer propositions and management of data and reducing the complexity associated with regulatory compliance management and new product development. Hear insightful learnings on this digital transformation model for banks.
The hype around blockchain continues to grow but is now being driven by signs of real and sustainable value being created. Hear about some of the key cross-industry examples of at-scale blockchain solutions, zoning in on scalability, interoperability and the power of DLT for reaching the unbanked. We’ll share insights from investors and technologists exploring the economics of tokenization, developments of crypto & digital currencies, the fall of ICO platforms, the rise of scalable and secure blockchain projects and future developments for decentralized technologies.
Cybersecurity Deep Dive
The next financial crisis will be a security crisis. As companies embrace open platforms and marketplace economics, the strategies for protecting data and complying with regulation become more complex while cyberattacks are only increasing. Businesses must adopt a holistic view across all channels and customer behaviours to prevent cybercrime. We’ll shine a spotlight on the latest technologies used as well as unpicking the psychology of a hacker.