Programme

THE ADVENT OF NEW TECHNOLOGY PLATFORMS AND THE IMPACT ON BANKING

Navigating Revolutions in Technology
Panel Session
Pavilion G, Conference Hall G3

A transformation is taking place in the global financial system, spurred on by the emergence of payment systems like PayPal, the Bitcoin cryptocurrency and its Blockchain database, as well as peer-to-peer lending. Major IT companies have already become active in this space, recognizing the possibility of lowered transaction costs between borrowers and lenders, and these developments will inevitably draw in competition from traditional commercial and investment banks. How disruptive a force might these new players be and does this have the potential to transform the global financial landscape? Will these technical platforms emerge as pillars of global finance altering the role of banking?

Moderator:
Kitty Parry , Founder, Chief Executive Officer, Social Media Compliance Ltd

Panellists
Alexander Afanasiev , Chairman of the Executive Board, Moscow Exchange
Raoul van Engelshoven , Vice President for Banking and Financial Markets in Europe, IBM
Vartan Dilanian , Country Managing Director, Accenture in Russia
Vladimir Komlev , General Director, JSC National System of Payment Cards
Laurent Le Moal , Chief Executive Officer, PayU
Dmitry Olyunin , Chairman of the Management Board, Rosbank
Andrey Romanenko , Shareholder, Сhief Executive Officer, Evotor
Dmitry Rudenko , President, Chairman of the Board, Post Bank
Oliver Hughes , Chairman of the Management Board, Tinkoff Bank
William Sheedy , Executive Vice-President for Corporate Strategy, Mergers and Acquisitions, and Government Relations, Visa Inc.

Broadcast

Key moments

The matter of trust is key for the bank.
Dmitry Olyunin
The need to downplay the role of an intermediary between the bank and the client will determine the development of financial technologies in the near future.
Alexander Afanasiev