Open Banking: challenges and opportunities

Loading Map....

Date/Time

Date(s) - 19/10/18
5:30pm - 7:30pm

Location

YBF Ventures
520 Bourke Street


Monash Business School’s Australian Centre for Financial Studies (ACFS) in conjunction with YBF Ventures are conducting an Open Banking Panel on Open Banking: challenges and opportunities’

Event will be held on Friday 19th October from 5.30pm at YBF Venture premises at 520 Bourke Street, Melbourne.

Open Banking is a worldwide trend, and Australia is no exception. The big four banks are working towards making data available to third parties by June 2019. Whether mandated by regulators or otherwise encouraged, the sharing of customer banking data will likely have a significant impact on the financial services ecosystem. What challenges and opportunities will this present for banks and non-banks? What can we learn and adapt from the UK and Europe experience where the Open Banking journey began before most other countries? The Australian Centre for Financial Studies (Monash Business School) and YBF Ventures has arranged for a panel discussion to explore these and related topics.

Hear from academic experts on Open Banking – Professors Pinar Ozcan and Markos Zachariadis, entrepreneurs and thought leaders Dom Pym and Lisa Schutz. This open discussion with an audience Q&A will be chaired and moderated by investor and Professor of Practice Deep Kapur, the Director of ACFS.

Who should attend: This event would be relevant to Banking, Investment, Insurance and Superannuation professionals, academics, regulators, developers, analysts and those with an interest in Fintech and platforms.

Moderator:
Professor Deep Kapur is a Professor of Practice at Monash Business School and Director of the Australian Centre for Financial Studies.

Panel includes:

  • Pinar Ozcan, Professor of Strategic Management at Warwick Business School;
  • Dominic Pym, joint founder of technology businesses UpFerocia and Clear;
  • Lisa Schutz is a founding director of The RegTech Association and the founder and CEO of Verifier; and
  • Dr Markos Zachariadis is Associate Professor of Information Systems & Management at Warwick Business School & FinTech Research Fellow at the Cambridge Centre for Digital Innovation (CDI), University of Cambridge.

Registration: this is a free event and you must register to ensure a seat. Once capacity is reached, you will be placed on a waitlist.

REGISTER NOW

More about the panel:
Professor Pinar Ozcan specialises in strategy, entrepreneurship, and the emergence of new markets, regularly posting about these topics on Twitter @cpozcan.

Dr Ozcan completed her PhD at the Stanford Technology Ventures Program (STVP) at the Stanford University Management Science and Engineering Department, and also holds a Master of Science and dual Bachelors degrees from Stanford.

At Stanford, Dr Ozcan directed the AEA Stanford Executive Institute, a summer executive program for the high tech industry for three consecutive years. She also organized the Stanford Entrepreneurship Thought Leaders Seminars and helped create the Stanford Entrepreneurship Corner for entrepreneurship educators worldwide.

Since completing her PhD, Dr Ozcan has received the Excellence in Research Award at IESE, the EFMD Best Teaching Case Award, the IDEA Entrepreneurship Thought Leader Award, and Best Paper Nominations at Academy of Management Journal and Strategic Management Society. Dr Ozcan is also the 2015 recipient of the British Academy Newton Grant for the study of open innovation, the 2016 SWIFT award for the study of the UK Banking industry’s transition into open application programming interfaces (API’s), and the 2016 Best Conference Paper Award at Strategic Management Society.
In 2017, Dr Ozcan had the honour to be selected to the Top 40 Business School Professors under 40 by Poets and Quants. In 2018, Dr Ozcan received the Strategic Management Society Research in Organizations Award for her work on the disruption in the European Banking sector in partnership with Swift Institute. Please click here for a radio interview at Wharton Business School describing this research. Finally, she was recently selected to the global Thinkers 50 list for emerging thinkers with the potential to make lasting contributions to management theory and practice.

Dr Ozcan is a founding partner of Blanchard International Turkey. Her work experience also includes management consulting at Siemens Corporation in Munich, Germany, and strategy consulting with technology ventures and venture capital firms in the Silicon Valley.

Dr Ozcan is from Istanbul, Turkey. She speaks English, German, Spanish, Turkish and Dutch.

Dominic Pym Dom is an entrepreneur and technologist. Currently launching Up (up.com.au), a next-generation Australian digital bank delivering super powered banking. Up is a clever way to organise your money and simplify your life, giving you the freedom to do the things you love. Dom has been involved in software, web and mobile development for over 20 years from start-ups to global enterprises in Australia, the UK, the USA and throughout Asia.

Lisa Schutz is a founding director of The RegTech Association and the founder and CEO of Verifier. The RegTech Association’s mission is to accelerate the use of regulatory technology (RegTech) to deliver corporate and community outcomes. In her own business, which is a RegTech company, Lisa is pioneering customer driven data sharing and started out by solving for proof of income to solve the responsible lending challenge – by using non-bank data particularly payroll data.

Lisa is on APRA’s Data Collection Strategic Industry Group and is a member of the Advisory Committee established by the Federal Government to advise on the Open Banking standards-setting process. Lisa has a Masters by Research on information sharing in credit markets and is the author of Decisions Not Data – a book designed to help CEOs and their teams make more strategic use of data. Lisa’s vision for data sharing is a sustainable, values-driven, privacy by design model that empowers both individuals and societies.

Dr Markos Zachariadis is Associate Professor of Information Systems & Management at Warwick Business School & FinTech Research Fellow at the Cambridge Centre for Digital Innovation (CDI), University of Cambridge. Markos’ research sits at the cross section of economics of digital innovation, financial technology studies, and network economics, and has studied the economic impact of ICT adoption on bank performance extensively, the diffusion of payment networks, and the role of data & standards in payment infrastructures (SWIFT) and financial markets (LEI) among other things. His research has been published in top academic journals such as MIS Quarterly, Research Policy, and Business History and has been awarded the NET Institute Award (NYU Stern Business School) for his study on the economics of payment networks, and the SWIFT Institute & SMS awards for his research on Open APIs and Digital Transformation in Banking. Latest projects examine the governance of blockchain platforms, artificial intelligence (AI) applications in finance, and identification infrastructures in financial markets. He is also co-author of The Society for Worldwide Interbank Financial Telecommunication (SWIFT): Cooperative governance for network innovation, standards, and community (London: Routledge 2014).

Markos has been invited to present his findings to various international conferences and organisations (including SIBOS, Bank of England, Microsoft, SWIFT, IBM, Financial Times, EY, Bank of Cyprus,) and organised international conferences on PayTech innovation in digital and emerging economies funded by Gates Foundation, MasterCard and Capco. Also, he has shared his work and perspectives with IBTimes, Bloomberg, Fortune Magazine, BBC Radio, CNN, SkyNews, USA Today, ITV News, The Conversation, among many other media outlets.

Before joining Warwick Business School, Dr Zachariadis was a Research Associate at the University of Cambridge Judge Business School, a Visiting Scholar at London Business School and a Researcher at the Centre for Economic Performance, LSE. He studied economics at the University of Patras, Department of Economics and holds an MSc and PhD from the London School of Economics, Department of Management.

Professor Deep Kapur is a Professor of Practice at Monash Business School and Director of the Australian Centre for Financial Studies.

Before assuming these positions in November 2017, he worked in the investment industry for 28 years in institutional portfolio management, principal investing, research, advisory and business administration. He has held Managing Director positions with Salomon Smith Barney, Citigroup Global Markets, Daiwa Capital Markets and with the event-driven hedge fund group Symphony Financial Partners.

Deep Kapur’s institutional investment experience spans both systematic and discretionary strategies across all major asset classes. He has practised activist investing, managed asset allocation portfolios for institutional clients and run large teams in investment banks developing systematic alpha strategies, risk management tools, and portfolio trading applications. Early in his career, he advised large institutions on investment strategy and asset-liability management. More recently his research and principal investing interests have expanded to venture capital, illiquid credit, alternative finance and impact investing.

During his tenure in the research department of Salomon Brothers and successor companies, he and his team received top ranks in the Institutional Investor surveys multiple times. He has intellectual roots in behavioural finance, having earned a PhD degree in Economics in 1989 from the Australian National University for a thesis that argued against the efficient markets hypothesis. At various times during his career, he has commercialised insights from academic research.