So I just chaired a panel discussion between three global transaction bankers at Eurofinance 2014 in Budapest. The outline of the session was:
Threats and opportunities: Banking on the edge?
Do banks now know how regulations will affect their relationship with their customers? Do they know which products and services they want to keep, and which they would rather went away? Have they communicated this to their customers? Who do they see as valuable? Banks never really change. Their core functions remain the same; they are monopolies and you are forced to use them. Is this finally changing in a blizzard of innovation that has disrupted traditional bank services? With threats potentially coming from outside the competitive comfort zone (think Bitcoin to replace LCs, Google or Microsoft to replace bank payment networks…), how are banks responding? What are the banks doing to innovate? How do banks see the future of banking?