Evolution of technology is significantly mauling up the global financial sector and this requires rewriting the rules to comply with the latest changes.

Traditional banks are launching new lending products, online lenders are adding bank-like services, and digital challenger banks are rewriting the rules of banking.

Because of these unavoidable changes, Financial technology experts (Fintech) are gathered in London at the Business Design Centre with the ultimate goal of re-imagining the future of finance.

Dubbed the LendIt Fintech Europe 2019 conference, more than 1200 participants from 50 countries will be engaged by 150 speakers during this two-day event that began today and concludes Thursday.

Organisers say the discussions are being held under the theme ‘Lending and Banking: Connected’.

The conference delegates are exploring the complexity of this rapidly changing new world as it delves into the latest and most important developments in Fintech.

Some of the key note speakers include Anne Boden the CEO of Starling Bank- her presentation will zero on ‘How (and when) will Digital Banks Operate Profitably? She will be cracking through this complex subject because profit for digital banking remains a big huddle.

Other keynote presentations will come from; Claire Calmejane CIO Société Générale  and she will talk about how Big Banks are Searching for their Treezor. Meanwhile, Rishi Kholsa CEO & Co-Founder OakNorth will speak about The Future of SME Lending: Data Driven & Profitable.

Also Dr. Tamaz Georgadze CEO & Founder Raisin is going to dissect the cumbersome reality on how Fintech Acquires Bank.

On Day 1, there was a ‘Women in Fintech Programme’ which explored Gender Diversity in Fintech: Results from the WIFTN report. This report examined 10 Fintech markets from around the world.

This is the first global report on the status of gender diversity in Fintech and will serve as a benchmark for the current status for gender diversity by which progress in the field can be measured.

An afternoon panel moderated by Raiha Buchanan CEO Global Women in Fintech Network involved; Caroline Plumb Founder and CEO Fluidly, Seema Desai COO iwoca, Shefali Roy COO TrueLayer and Anju Patwardhan Managing Partner CreditEase Fintech Investment Fund (CEFIF).

The discussions dwelt on the challenges in becoming an agile financial service provider and how to overcome them. It will explore what has worked well for incumbents. What has worked well for Fintechs? And what are there lessons to be learned?

LendIt Fintech conference organisers say they have a mission to enable more meaningful connections for women in fintech and help the next generation of female fintech leaders succeed.

The Express News

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