London forum to look for ways for retail banks to survive competition with fintechs

Financial technology (fintech) companies, even startups, are a major threat to retail banks as they can lend more cheaply, easily and quickly. Ways for traditional retail lending to keep its ground will be examined at the Lending Products in Retail Banking conference in London on June 19-20, 2017.

Fintechs are exempt from complying with banking regulations and are equipped with better computer technology than retail banks, many of which have legacy systems. This makes fintechs faster and more efficient lenders than banks.

The London conference will ponder what a retail bank can do to optimise its lending product design, pricing and distribution process to remain competitive.

HSBC, Barclays, Royal Bank of Scotland and Bank of Ireland will be among lenders taking part in the forum. The participants will also include State Street Corp, a US-based worldwide financial services company, and Addiko Bank, an Austrian firm with its core business in five of the six former Yugoslav republics.

EmergingMarkets.me readers will qualify for a discount of 200 British pounds on the standard conference fee.

The conference, to take place at the Marriott Hotel West India Quay in Canary Wharf, has been organised by marcus evans, a global media, corporate marketing and information company.

 

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