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Collaborate with FinTechs: everything you need to know for a successful collaboration with FinTechs in Luxembourg

400 €

at 3.4 KM
Arendt Follow

• Fintech
• Risk management
• Finance
• Bank
• Project managment

Goal

The objective of this training is to initiate professionals of the financial industry to the challenges and particularities encountered by FinTechs in their relations with banks, how to organize themselves in the best possible way to work with FinTechs and to leverage the best advantage of such collaboration.



In 2020, Arendt conducted a study on collaboration between banks and FinTechs, which highlighted significant barriers within banks for effective collaboration with FinTechs, which are present at the level of organization, governance , decision-making processes, risk management, the mobilization of decision-makers, the understanding of IT complexities to name a few, but also in the expectations of FinTechs and the perception of what they are. During this training, we will review the various obstacles within banks, the main challenges encountered by FinTechs and by banks and we will give some ideas for organizing and preparing as well as possible.



At the end of this training, participants will have a complete understanding of the challenges to be overcome in working with FinTechs and concrete recommendations to make such projects a success.


Contents

The FinTech landscape - an overview
Overview of FinTechs as an industry and key characteristics (areas, types of FinTechs, maturity and size, situation in Luxembourg)
Impacts for banks and how to approach them

Main challenges for financial institutions and FinTechs throughout the life cycle of a project
The organization of innovation
Headquarters or local office
Identification of FinTechs and making contact
Selection process
Contract management
Project delivery & delivery

Impacts for banks and how to approach them
Regulatory constraints, where are we?
Outsourcing and cloud
Distributed-Ledger-Technologies (DLT) / Blockchain
Data confidentiality
Other regulatory constraints
Key success factors for a bank and practical advice for dealing with FinTechs
Conclusions: the main points to remember

Our approach is practical and based on concrete examples from our past projects and our research. It is also a unique opportunity for participants to ask any questions relating to problems encountered in the past.