We had a fantastic experience exhibiting at the Banking Transformation Summit this week. It was great to see so many of our clients speaking and sharing insights on the future of the industry.
Here are a few of the key takeaways:
- We connected with many international visitors, highlighting growing interest in the UK market's developments on a global scale.
- AI was a hot topic throughout the summit, though its real-world applications are still limited for many institutions. This aligns with a recent roundtable we hosted, where industry leaders discussed the current state of Gen AI in financial services.
- Several sessions on regulation and risk management explored both opportunities and challenges for innovation. During an insurance panel, our client Joe Barnard noted the critical role regulators can play in giving customers confidence to share the data needed for a more preventative approach to insurance—a key point for fostering innovation in financial services.
- The ongoing shift away from legacy core platforms remained a central theme of discussions. It's striking how much these themes have persisted over the years despite the evolution of technology.
- Blockchain, Crypto, and Web 3.0 were notably less prominent in this year's discussions.
- Hearing from established institutions like Skipton Building Society was a highlight, especially as they shared their experiences navigating the challenges of blending digital transformation with traditional branch operations. Innovation from these incumbents continues to have a significant impact on the day-to-day banking experience.
Overall, it was an insightful couple of days, packed with valuable conversations, both old and new. If you missed out on our Digital Savings Report which was launched at the event you can request a copy here.