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Home Customer Engagement

EBADay 2018: The Future of Payments

by Jackie Davis
June 20, 2018
in Customer Engagement
Reading Time: 8 mins read
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Traditional Banks Need to Embrace Digital Advances
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EBADay, a yearly conference held by the Euro Banking Association and Finextra, offers financial institutions the opportunity to explore digital strategy and discover emerging technology amongst their peers from across the globe. This year, EBADay focused on compliance and customer-centric digital products that deliver a frictionless experience. Over 1,500 attendees, 82 speakers, 74 exhibitors, and 10 fintech startups from over 40 countries were in attendance.

Keynotes, debates, and panel discussions were held by the world’s leading experts on payment challenges and technology that drive fintech.

Chairman of the EBA Board Wolfgang Ehrmann welcomed the attendants of #EBAday 2018: “Many of the industry trends have a larger scope than payments and are happening on a global level.” pic.twitter.com/EbTAkMtgTH

— EBA (@EBA_Association) June 12, 2018

#EBAday 2018 – José Vicente and Angeli Kokkes of the EBA #Cryptotechnologies Working Group discussing latest crypto trends. More in the upcoming report on crypto and RegTech in Autumn 2018. Learn more about the working group https://t.co/Jj4cZbRyfC pic.twitter.com/eODmiVSDN8

— EBA (@EBA_Association) June 13, 2018

#EBAday #EBADay2018 “we agree that next Banking is about data so the only starting point for a mutually beneficial relationship can be consent” https://t.co/12yEhSyqfW ⁦@BANKIFI_global⁩ Mark Hartley pic.twitter.com/WYu34aeE7e

— Conny Dorrestijn (@RubiconFinance) June 13, 2018

Discussions surrounded new technologies helping financial institutions with compliance, customer engagement, and productivity. Banking and payments in the era of platformisation and Driving digital transformation with Virtual Account Management were the top presentations throughout the conference.

#EBADay2018 ⁦⁦@Chris_Skinner⁩ “a cognitive intelligent bank is going to be very competitive if they get the data right” pic.twitter.com/AhgClVlEwc

— CGI FS (@CGI_FS) June 12, 2018

Real-time payments: challenge or opportunity? #EBAday2018 #liquditymanagement pic.twitter.com/Iuk6JgPJqL

— TAS Group (@TAS_Group) June 13, 2018

Price is not going to be the determining factor when it comes to value creation #EBAday #EBAday2018 pic.twitter.com/fm7HpeNVcq

— Marijke Koninckx (@MarijkeKoninckx) June 12, 2018

BIG WILL NOT BEAT SMALL ANYMORE. IT WILL BE THE FAST BEATING THE SLOW #EBADay2018 #Munich pic.twitter.com/vwk7jLHM3U

— TAS Group (@TAS_Group) June 12, 2018

The ‘Fintech Zone’ housed start-ups from across the globe where companies demonstrated products to financial institution heads throughout the European banking industry.

Curious to know how does Fundaura handle loan documentation in a vast country with chaotic Postal Index Number in farthest corners of #India. Meet @Nishant Bhaskar in #Fintech Zone at #EBAday2018 #EBAday #Mumbai2Munich pic.twitter.com/WzNvtfXd6w

— Fundaura (@Fundaura) June 13, 2018

We recently implemented #API for MSME lending-as-a-service for #Payments Companies in India and the experience has been overwhelming and encouraging. Visit us @ #Fintech Zone to hear our story.⁦⁩ #EBAday #EBADay2018 #Munich @oxigenwallet⁩ ⁦@PramodSaxena10⁩ pic.twitter.com/3BereOWd3n

— Rahul Tripathy (@rahultripathy) June 12, 2018

Attendees were immersed in payment and financial technology that could shape the future of banking. Speakers offered motivation and advice for financial institutions of all sizes.

Closing take-away from #EBADay2018 for me is that there are three pillars: technology, culture, and communities that when combined lead to successful business outcomes from integration and transformation #EPAM

— John Burton (@JohnBurton284) June 14, 2018

Thanks to everyone who participated in #EBAday 2018. Fantastic panels, insightful discussions and great networking. For a recap of the 2-day event see @Finextra’s live blog https://t.co/QkQ9yzRQEp Looking forward to seeing you in Stockholm next year! pic.twitter.com/Qu9JMi36Jo

— EBA (@EBA_Association) June 14, 2018

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