Fintech’s biggest challenges will not be solved by a single person or company. It takes a community. And that’s where Money20/20 Europe comes in.
Introducing Think Tank. An immersive agenda feature bringing 8 groups of up to 30 selected industry players to ideate and co-create a solution for the most complicated problems we face together.
While the think tanks themselves are epic, the process is beautifully simple. Each of the 8 think tanks will:
/ Operate under Chatham House rules
/ Deliver recommendations as a result of the discussion to be shared with the industry after the event
/ Have up to 30 participants (exclusively Money20/20 Europe registered attendees), including:
1 think tank leader who will take the lead in shaping the flow of the conversation before the show and chairing that conversation at Money20/20 Europe
20-30 Money20/20 Europe registered attendees selected from the Think Tank application process
/ Post show, we’ll promote and share the main findings across our channels, crediting every participant for being at the table
If we were to design the world of finance from scratch, how would we go about it? Without assuming the necessity for the existing structure of the industry and current forms in which we access, transact, and manage our financial assets, how would we design the way we interact with money? How do we do it in a way that is conducive to fast, safe, and sustainable progress in the financial services industry and beyond it?
Think tank leader: Matthew Locsin, Vice President, Publicis Sapient
Trust is an outdated concept. We should not need trust to be able to do trade and share. Trust should be an implicit hallmark, not an explicit task. What do we need to develop to remove the need to achieve it? And what do we need instead? We need to build an environment that is safe by default. We need to shift from transactions based on the identification of the counterparties to transactions based on the strongly-authenticated credentials of the counterparties. How do we get there?
Think tank leader: Dave Birch, Global Ambassador and NED, Consult Hyperion
If we stopped iterating existing payments solutions but designed them from ground up to address the needs of customers across a variety of contexts they transact in, what would modern payments solutions look like?
Think tank leader: Pablo Tramazaygues, Partner, Financial Services EMEA, Retail business banking, Oliver Wyman
With the inevitable progression from open banking to open data economy, the financial services industry can play an important role in becoming the trusted core for the orchestration of data and payment flows between industry players. Let's move beyond open banking and map out what the industry would look like if we were building an open data economy. How will the competitive structure change? What will be the role of financial organisations? How will it change the technological fabric on which the financial services are built and delivered?
Think tank leader: Louise Beaumont, Advisor, Pay.UK
As an industry, we know how to manage a very limited range of assets, but it will change fast. Personal behavioral data, health data, programmable money, identity, etc. - are all assets we should have control over. Everything we can exchange and we generate when interacting with platforms is an asset. What technology and infrastructure do we need to develop to enable that control?
Think tank leader: Alexander Koppel, CEO, RIDDLE&CODE
The industry standard is the assumption that the burden of proving one's identity is on the customer. And all of our interactions and experiences are built to start the relationship with the request to prove one's identity and eligibility. How would the products and our interactions with them change if we started from the assumption that the burden of proof lies with the company and the product instead of the end user? What technologies, flows, and partnerships do we need to build and use to allow customers to never have to prove who they are?
Think tank leader: Andrew Bud, CEO, iProov