Blog
Conference looks at future of banking
January 17, 2019
In the days of blockchain technology and cryptocurrency, it comes as no surprise that a Digital Banking & Payments Conference is taking place for the very first time in Cyprus. Happening on the last day of January, it’s set to cover all things of online finance there is to know.
For those who aren’t sure what this entails, the conference will focus on the requirements of regulatory compliance, such as PSD2, the dynamic development of the new Payments landscape and the Open Platforms as driving forces for the adoption of financial solutions, services and channels through a wider range of cutting-edge technologies, leading to a new reality for Digital Banking, while exploring the challenges, opportunities and partnerships in the new era for the Banking Sector.
Open platforms allow the exchange of personal data and bank account information as well as the activation of cross-industry and cross-border transactions. PSD2 and other regulations mark the requirements for a new customer-centric model for banks with new capabilities, mainly through mobile services, providing consumers with lower service costs, flexibility and additional benefits.