Banken Challenge 2020: Disruption through digitisation

“Think bank!” The Banken Challenge 2020 invites you to Cologne on 21 and 22 November 2017. Over 20 representatives from banks and fintechs, as well as industry and digitisation experts, will provide their insight into how innovation is implemented in financial institutions and how customer experience can be improved. The internationally attended economic forum is taking place for the third time.

The organisers of the Banken Challenge 2020 carried out a survey when developing the programme. The result: almost three quarters of the respondents are already tackling the transformation in banks. Instead of a wake-up call, what is needed are tips, experience reports and background knowledge on how institutions can emerge strengthened from digital disruption, which stumbling blocks are to be avoided and how specific challenges can be solved individually. This made it possible to bring together numerous high-calibre speakers. I look forward to meeting you in Cologne and gaining valuable insights!

Are banks underestimating digital transformation?

Even if a wake-up call is no longer necessary, Mariusz Cyprian Bodek, author, keynote speaker and Senior Manager at KPMG, Hamburg, thinks that German banks are still underestimating digital transformation. He should be able to convince them otherwise with his keynote speech “Go digital… or die (a little)”. Thorsten Paech shows which players will push themselves forward in the coming years. As a Client Solutions Manager for Financial Services at Facebook | Instagram in Dublin, he comes from one of the technology giants that has a perfect understanding of how to think of all business processes from a customer point of view.

In addition to social networks and major online retailers, there is another sector that is involved in the world of banking: mobile phone providers. Marc Mumm, Lead Banking & Payment Products, Innovation at Telefónica Germany in Munich, and Benjamin Beierlein, Markets & Products, Fidor Bank, Munich, will reveal how it works in practice. With products such as “O2 Banking”, they show that the smartphone is first in line to becoming a valuable bank. In the race for innovation leadership in the financial sector, the industry has become confusing. Prof. Dr. Remigiusz Smolinski will give tips on being well positioned in the “Fight for the next S-curve”. He manages the business development and innovation management of comdirect Bank AG. In his latest book industry experts share success factors and describe best practices.

Is banking being rediscovered?

Visitors to the Banken Challenge 2020 can meet Chris Gledhill, who is not just a global top fintech influencer but also a real pioneer in the world of banking. As the CEO and co-founder of Secco, he would like to rediscover banking. The thinking behind it: at the Secco “bank”, the value of the customer does not depend on how much money they have, but on their character. Chris Gledhill says that the key to this is the data that internet users have willingly entrusted and continue to entrust to the internet companies.

Line Munkholm Haukrogh, First Vice President, Head of Digital & Payments, Danske Bank, Copenhagen, explains why it’s worth viewing PSD2 as an opportunity. Financial institutions that are transforming into open banks are optimising customer experience and can establish completely new business models. The institutions should not take too long on their way to becoming the “Bank of the Future” but should not rush into it either. We are establishing the technological foundations and accompany our customers step-by-step to transform into the “Hybrid Bank 2.0”. At the Banken Challenge 2020 in Cologne, I will present you with individual steps to becoming the bank of the future and in my lecture I will explain what banks will gain if they follow these steps.

I look forward to meeting and getting to know you! Register for next week!