On February 28, 2019,1871 Chicago welcomed leading fintech and banking professionals to discuss ways to innovate, strategize and operate for the future of unsecured lending. Capco held a panel session on the topic to share ideas on advances in technology, new products and lessons from the front-line to help accelerate industry momentum. 

A look back at our ‘Bank in a Box’ panel event that took place on February 21st, 2019. The event brought together industry leaders to engage with peers and outline the resources, workstreams and complications associated with building and launching pre-packaged digital banking platforms. 

The Internet of Things (IoT) coupled with artificial intelligence and blockchain each lay the foundation for enhanced interaction between machines. One area with enormous potential is machine-to-machine (M2M) payment systems. Although the application of M2M payment systems provides an opportunity to simplify our lives greatly, M2M payments technology powered by AI and blockchain still needs time to mature.

Transferring EEA business to new locations in Europe would require banks to make major changes to their target operating models.  However, in order to reduce operational costs and leverage existing infrastructure in the UK, Brexit impacted banks would prefer to outsource as many processes as possible back to the UK.