Talk by Nouamane Cherkaoui at Berlin Virtual Digital Summit - 15 october 2020 FinTech, InsurTech, digitalization and innovative technologies are disrupting Banks & Insurance compagnies. Digital technologies which were initially limited to banking channels, now cover the entire banking & Insurance spectrum. The finance industry has undergone many phases of digital transformation in the last few years. Nowadays, it’s facing crucial decisions on technology shifts adoption with emerging trends in digital transformation technologies defining the future of banking, Insurance & Asset Management.

1. Berlin - Virtual Summit
15 October 2020
Talk by :
Nouamane Cherkaoui
Preparing to Enter the New Decade with the
Latest Digital Banking Trends and Innovation

2. • What are the Top innovative trends
that will define the future of digital
banking & Insurance?
• What are the conditions of a
successfully collaborated ecosystem of
industry partners and Fintech-
InsurTech?
• What is the impact on the banking
model and the value chain? • What is
Banking-as-a-Service (BaaS) or Open
Banking?

3. COVID-19 is
Accelerating the
Rise of the Digital
Economy
And this is just the beginning…

4. How the Virus
Transformed the
Way American Spend
Their Money
◦ Here’s NYT analysis of
how consumer spreading has
changed dramatically in the
USA !
◦ However, will this trend be
confirmed?
◦ What direct or indirect
impact on banks and the
relationship with their
customers?
◦ How will consumer
behavior change as a result of
Covid-19?
Source: The New York Times

5. 1. Fintech
competition &
collaboration
◦ A recent history but already
several developments and twists!
◦ From competition to
collaboration to investment &
acquisition to hybrid strategy.
◦ Collaboration between financial
institutions & tech companies
is crucial
◦ Banks can choose to embrace
fintech and innovate together or
lose their competitive edge to
other banks that have done so
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Insurance
Consumer
banking
Equity
financing
Personal
finance
International
money
transfers
Payments
Lending
Fintech Trends

6. 2. Data
Monetization
◦ Data monetization is
becoming a differentiator
◦ By monetizing Data, a
company can tap into
measure economic benefits
while reducing expennses
and accruing revenue
◦ Data and analytics are
changing the way business
is done

7. 3. Open Banking
to Open Finance
◦ A pwc research expect £7.2bn
revenue opportunity created
by Open Banking by 2022
◦ 71% of SMEs expected to
adopt it by 2022
◦ 48% of retail banking
customers & 54% of SMEs
state security is their biggest
concern with Open Banking
data sharing
Open banking should be leaded when you are in a strong position. You shouldn't wait any longer!

8. 4. Customization
& API
◦ Banks can provide
customization via API, or
application programming
interface, technology. By
enabling diverse software
interactions, APIs allow for
individualized
customization, which is
invaluable for many
businesses. API banking
offers banks the flexibility
to feasibly provide
customization to their
clients.

9. 5. Mobile
Banking
◦ Today, where technology is
reshaping the banking
industry, mobile phone
banking is the future of
modern banking.
◦ With emerging trends,
mobile banking apps are
likely to become more
secure and convenient in
the future.
Mobile Banking Is A Must For Any Bank !
Vocal Commands for
Banking Services
Innovative Banking Apps
Mobile App ATMs Biometric
Authentication

10. 6. Artificial
Intelligence
◦ Financial institutions are
beginning to explore how
artificial intelligence
decrease costs, enhance
revenue, reduce fraud and
improve the customer
experience. While there are
challenges, it is time for
organizations of all sizes to
invest, learn and partner
with experts who can help
exploit the benefits of AI.
Source: A November 2019 Cognizant Report
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11. 7. Blockchain
◦ Blockchain is predicted to
revolutionize the payment
system over the next
coming years by increasing
payment volume and
simultaneously lowering
associated fees.

12. 8. Cybersecurity
◦ Banks need to improve
their security standards and
invest in the newest and
most innovative security
systems.
◦ Cybersecurity will play a
huge role in the future of
banking technology and
needs to be properly
implemented in every
financial institution

13. @ Nouamane Cherkaoui
@CherkaouiN1
Preparing to Enter the New Decade with the
Latest Digital Banking Trends and Innovation