IV International Banking Forum
Cashless Economy: Towards Sustainable Banking
About the Forum
Two day event supported by Azerbaijan Banks Association (ABA), Central Bank of the Republic of Azerbaijan, Financial Markets Supervision Authority of the Republic of Azerbaijan and Center for Analysis of Economic Reforms and Communication is one of the two annual events organized by the ABA (another one is an FINTEX SUMMIT organized each year in May:https://www.gbmevents.az/en/events), and is the most famous finance and banking event in of the region.
Forum has the purpose of being the platform for discussing the initiatives and challenges of making the economy cashless, new and upcoming trends in digitalization, financial technologies, new banking products, innovations and risks in modern compliance, judicial compatibility and adaptation of the aforementioned to present judicial system, and impact of these processes on strengthening financial sustainability of banks, also other relevant subjects.
The Forum brings together CEOs and management of relevant government bodies, regulators of finance and banking, top management of commercial banks and fintech, managers of commercial and public organizations, other decisionmakers and influencers, representatives of international financial institutions and local Embassies, academician, famous companies providing finance and banking products and solutions, and other stakeholders.
The future of risk in financial services
Despite ever increasing access to global data and information, it seems harder than ever to understand where the markets and economy will go next. Financial institutions are now placing more emphasis on the importance of risk management. Banks interested in reducing the risks to their business, enabling integrated balance sheet management, and modernizing compliance must develop a clear digital strategy, redesign core processes, and establish the right digital enablers.
Alternative lending has quickly become a major force in the financial industry over the past few years. Since the financial crisis, alternative lending has risen in many forms, now covering a wide range of lending structures and purposes. The peer to peer lending market is just one piece of puzzle that is alternative lending. Our discussions in the Summit will continue on different options of alternative borrowing.
Data: the future of banking and fintech
Data is an integral part of the Financial Services industry. Data-driven banks can use data analytics to make informed decisions and more profitably serve their customers and streamline their operations. We will discuss advantages of being data driven banks.
Regulatory framework: Turning to technology
Transformations in banking as a result of the new digital age are challenging financial regulation and supervision. The ever-changing regulatory environment poses a constant challenge for financial institutions of all types. Regtech is an emerging industry that can help ease the burden of compliance. By using the latest FinTech technologies to address regulatory compliance, RegTech startups are bridging the gap between regulators and the financial service industry. Summit delivers the key insights and practical solutions to cope with regulatory challenges of the digital age.
Emerging Role of Banks in e-Commerce
Payments are the financial instruments used globally to transfer value in the form of money. The result is that there are now well over 750 payment systems throughout the world-systems that are constantly changing due to new technology or government regulations. Traditional payments players are being squeezed from all sides. We will discuss how will the latest innovations affect the payment industry.
Smart Banking Technologies
Innovative technologies in the financial sector are now revolutionizing the banking system. The superior segmentation and targeting potential these technologies provide has powered a new era of personalized, highly-targeted communications. As a result, the conventional banking scene is set to instantly shift in the coming years. Which technology trends will matter most in the months and years ahead? Big data and AI? The cloud? Digital-only banks? We will seek answers to these questions together.
The rise of IoT era: growth, trends and forecast
There are a number of benefits that IoT offers to the financial landscape. How IoT is reshaping the banking industry? How banks can create a successful IoT strategy? Forum provide extensive discussions on - simplified decision-making processes, real-time data, improved customer service, automated payments, detect and prevent instances of fraud - the advantages that IoT brings to banking and other financial areas.
Going digital: Banking transformation
Financial institutions believe that digital will fundamentally change banking and completely transform the industry’s competitive landscape. Most banks began their digital journey years ago and have clear digital strategies, yet even those are facing major changes. A new spirit of banking—led by top executives—will lead the way to addressing market changes, becoming more agile, and improving openness in day-to-day business.
Forum will bring together professionals focussed on strong customer authentication, integration of biometric technology for providing security of trusted authentication, building trusted identity networks. We will explore together how banks are using new authentication methods to boost conversions and keep their customers loyal? How banks can transform their relationship with the customer by using identities models?
Platform Banking & digital ecosystem
Cooperation with third-party providers is an important factor for providing a wide rage of services and products. Platformification is about better serving customer needs and being able to offer services beyond a limited portfolio. Customers can benefit from platform banking in multiple ways: convenience, greater choice, ability to compare products, potentially better pricing, etc.But becoming a platform, in any domain, is easier said than done. What capabilities must a bank master to become a viable platform?