KPMG is one of the top international brand companies that will have both presentation and workshop within NOCASH event: PSD2. New Business Models – Fintech Banking Summit.
The topics covered are very sensitive aspects related to PSD2 and digital transformation process of the banks.
1. Deep Dive into the building blocks of PSD2:
. Requirements from banks to allow access to third parties;
. Split of liability between clients, banks and third party providers;
. Some aspects regarding payment service contracts and client consent;
. Strong Customer Authentication – covered together with Gabi Tanase, Head of KPMG IT Advisory.
2. Digital Transformation – Regulatory issues to consider:
. Intersection of PSD2 and data privacy – implications of GDPR and E-Privacy on banks collaborating with Fintech companies;
. Robotics and AI – a short glimpse into the future – the concepts of an autonomous robot and liability issues.
The workshop will be supported by two very experienced specialists at KPMG: Gabi Tanase, Head of KPMG IT Advisory and Sebastian Olteanu, Managing Partner TMO Attorneys at law in association with KPMG Legal.
Sebastian Olteanu is a business lawyer with over 14 years of experience, primarily in the financial sector. He has advised local and international clients on transactions and financial products and services; and on authorizing banks, non-banking financial institutions, payment institutions and e-money issuers.
Mr. Olteanu is trusted by leading Fintech companies, in particular with the adjustment of their business models in order to comply with complex legal and regulatory environment. He is also constantly involved in the dialogue with local regulators to address their concerns and expectations.
KPMG is a global network of independent member firms offering audit, tax and advisory services. The firms work closely with clients, helping them to mitigate risks and grasp opportunities. Member firms’ clients include business corporations, governments and public sector agencies and not-for-profit organizations.
KPMG member firms can be found in 152 countries. Collectively they employ more than 189,000 people across a range of disciplines.
The KPMG network delivered strong growth and revenues of US$25.42 billion for the 2016 fiscal year, an increase of 8.0 percent in local currency terms over the prior year, with growth across Audit, Tax and Advisory.
„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”