V INTERNATIONAL BANKING FORUM
Cashless economy: reliable, safe and sustainable
About the Forum
We are exited to announce that V INTERNATIONAL BANKING FORUM (IBF) - will be held in Baku, Azerbaijan on December 8-9, in partnership with MasterCard and BS/2. The event will be onsite with sessions and exhibition area, besides we will have online speeches and online participation opportunity.
The subject of the Forum is “CASHLESS ECONOMY: RELIABLE, SAFE AND SUSTAINABLE”.
We all miss real events, where we meet you face-to-face, feel the real atmosphere and unique moments of our onsite Forums. Now, its back again.
Only at our events bank CEOs are all present. The Forum brings together senior management of regulators, fintech, associations, representatives of international financial institutions, local Embassies, academician, well known companies, decisionmakers and influencers.
Cashless Economy: Reliable, Safe and Sustainable
The Covid-19 pandemic, however, becomes both a challenge and an opportunity to expand the digitalisation of the economy. Lockdowns and social distancing in the time of Covid-19 have brought a dramatic decline in the use of cash. Withdrawals from cash machines are down and card payments are up.With the increase in digital payments in the world, as well as in Azerbaijan, the transition to a cashless economy has accelerated.
Digital and Remote Bank
Digital transformation will fundamentally change bank economics and revenue models in the next decade. To sustain long-term success, banks will need to develop one or more dominant specialties enabling them to compete within and beyond their traditional footprints. Partnerships with fintechs will enable banks to provide clients with services and products banks could not otherwise provide in the accelerated digital atmosphere that is today’s banking world.
New Era Banking: Open Banking and Optimization of Traditional Processes
Open Banking represents a significant opportunity to innovate and transform core services. Forum will bring together experts with sufficient experience in the open banking and CEOs. We will discuss the appropriate design and implementation of open banking that can help with digital transformation. Forum will explore the best options for integration of APIs in online banking at present.
Innovative Payment Ecosystem
The payments landscape continues to change. Driven by innovation and shifts in consumer preferences, new systems, new methods and new players are shaping the future of payments. The current conditions and customers make it necessary to constantly search for and apply innovations in the payment system.
Digital currencies are drawing stronger interest as the future of an increasingly cashless society.It is argued that the digital currency will have a profound impact on all business behavior and become an important driver for technological progress and social changes. Recently, digital currency also has become the focus of attention of central banks. Thus, many leading central banks across the globe are working on or contemplating launching their own versions of cryptocurrencies.
New Normal: New Cybersecurity Trends
The COVID-19 pandemic has added a fresh challenge for digital banking, demanding more robust cybersecurity technologies and an urgent need to improve security in the digital culture, both for employees and end users. Sensitive Data and resources present with banks make them an attractive target for cyber attacks, but banks can devise ways to mitigate any attempted attacks in different ways.