Fintech Inn 2021 Day 1: Talking fintech future from AI to green finance - Fintech Inn Lithuania

Fintech Inn 2021 Day 1: Talking fintech future from AI to green finance

Fintech Inn 2021, the largest fintech conference in the Baltics, has just concluded its first day of exciting discussions on the hottest industry topics. The virtual event saw fintech leaders, policymakers, and top industry experts address the financial sector’s current and upcoming trends, challenges, and opportunities, ranging from green finance to cybersecurity. 

Fintech Inn 2021 started off with a discussion on the future of open banking. In a panel titled “Moving from Open Banking to Open Finance. What does the future look like?” fintech leaders shared their insights into the possibilities of mainstream adoption of open finance practices. To unlock their full potential and offer superior financial services to consumers, nimble fintechs rather than large incumbents should play with open data, take risks, and create new, innovative business models.

Sustainability is on everyone’s lips these days, but is green finance the next big thing in the fintech world? The panel “Empowering Green Finance: Big Chance for Fintechs?” tackled this question, with the panelist discussing, among other topics, the definition of green finance, the impact of emerging legislation, and the chances of green fintechs entering the retail investment space.

Marrying anti-money laundering activity and strict adherence to data protection regulations is a challenge for financial institutions, big and small. During discussion titled “Data Privacy vs. AML/KYC”, panelists discussed the contradictions that AML officers face in their daily work, the cutting edge technologies that help in the fight against ML/TF, and the sector’s future trends, including behavioural monitoring.

While financial startups usually target the mass market or focus on the younger generation, there are other sections of the population that are also potential customers of advanced technology. The discussion called “120M Audience That Fintech Ecosystem Has Overlooked” addressed the burgeoning relationship between older people and fintech. These consumers have the resources to engage with the latest financial technology, but we need to find ways to enable them to use it.

Decentralised Finance is not just a fancy term for blockchain but rather an emerging alternative to finance as we know it. In the panel “DeFi and the Future of Finance”, fintech experts talked all things DeFi, including the impact of the introduction of Central Bank Digital Currencies, the mass adoption of NFTs, and the DeFi role in Metaverse-like spaces.

Neobanks are now the face of modern banking, promising better customer experience, greater transparency, and more services to previously under-served markets. The “Neobanking’s Next Trick: Getting Big, Staying Nimble” panel highlighted the trends and struggles of neobanking, with panelists discussing the importance of partnerships, changing consumer habits, and the potential of crypto.

With the pace of digital transformation across the financial landscape increasing, the cyber threat proposition evolves rapidly, making it essential to maintain the highest standards of technology and preparedness. Cybersecurity experts working in the fintech industry discussed the importance of keeping up with cyber threats during the “Cyber Security: Best Practices to Optimize Incident Handling” panel. Experts also touched on the roles of different stakeholders in handling cyber incidents and the process of developing effective SOPs. 

The intersection of Artificial Intelligence and financial technologies was also on the agenda. The “Fintech & AI: Breaking Down Finance Verticals and In Search For New Horizontals” panel saw fintech leaders discussing the issue of data sovereignty, the upcoming European AI regulations and their potential impact, and how AI can power the search for new fintech markets.

Finally, Day 1 of Fintech Inn 2021 concluded with a discussion on non-fungible assets and the potential of the crypto economy. Crypto experts discussed the developments of NFTs during the “NFT and What‘s Next for DeFi?” panel, which focused on blockchain’s non-linear impact on different industries, the right UI for DeFi, and the necessary steps to DeFi’s mainstream use.

Day 2 of Fintech Inn will feature more fintech action with panels on alternative financing, crypto investments, and other burning industry trends. The “Startups, PR and the Media in 2021” workshop with TechCrunch’s Editor-at-Large Mike Butcher is also among the highlights of Day 2 agenda. Tune in tomorrow – registration is still open on myOnvent platform.

 

The Fintech Inn conference is jointly organised by the Ministry of Finance, the Ministry of Economy and Innovation, and the Agency for Science, Innovation and Technology (MITA), with support from compliance platform Ondato, API management platform Sensedia, and Vilnius-based ROCKIT –  Home of FinTech and Sustainable Innovation.

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22 October | Main Stage | GMT +3 /
Time
Topic
Speakers
10.05-11.05
INVESTING IN CRYPTO / DIGITAL ASSET COMPANIES (VENTURE CAPITAL PERSPECTIVE)

Sumit Kishore (moderator), Head of Operations @ Consensys
Uldis Tēraudkalns, CEO @ Nexpay
Sang H Lee, Co-Founder and CEO @ VegaX and Konstellation

11.05-12.05
NEOBANKING’S NEXT TRICK: GETTING BIG, STAYING NIMBLE

Remco Veenenberg (moderator), Head of Partnerships @ Perfinal
Sarp Demiry, CEO @ European Merchant Bank
Mantvydas Štareika, CEO and Member of the Board @ SME Bank
Esther Groen, Advisor to the Board @ Holland FinTech
Andrius Bičeika, Deputy CEO and Member of the Management Board @ Revolut Bank

12.05-13.05
DIGITAL TRANSFORMATION: THE NEXT ERA OF FINTECH

Jarosław Sarwa (moderator), Community Partner @ FinTech Connector, Digital Leader @ QGroup
Jennifer Reynolds, President and CEO @ Toronto Finance International
Liudas Kanapienis, Co-Founder and CEO @ Ondato
Anton Zujev, Head of Business Development and Sales @ Forbis
Siri Børsum, Global VP Finance Vertical Eco-development & Partnerships @ Huawei Consumer Group

13.05-13.25
THE SUCCESS STORY BEHIND GROWTH OF LITHUANIA’S FINTECH ECOSYSTEM AND WHERE DO WE GO FROM HERE ?

Liutauras Žilinskas, Investment Advisor for Technology @ Invest Lithuania

13.25-14.35
DIGITAL IDENTITY & DECENTRALISED IDENTITY: CHALLENGES & OPPORTUNITIES

Liudas Kanapienis (moderator), Co-Founder & CEO @ Ondato
Audrius Ramoška, Co-Founder and CEO @ Soverio
Kalev Pihl, CEO @ SK ID Solutions
Jon Ølnes, Product Manager Trust Services @ Signicat
Barbara Hałasek, Head of Regulatory Affairs @ Coinfirm

14.35-16.05
WORKSHOP: STARTUPS, PR AND THE MEDIA IN 2021

Mike Butcher, TechCrunch’s Editor-at-large
Julija (JJ) Jegorova (moderator), Founder and CEO @ Black Unicorn PR

16.05-16.15
CLOSING

Louis Zezeran, moderator

9.00-9.05
OPENING

Louis Zezeran, moderator

9.05-10.05
IS ALTERNATIVE FINANCING BECOMING MAINSTREAM FINANCING?

Mindaugas Mikalajūnas (moderator), CEO @ SME Finance
Tomas Mačiulaitis, CEO @ FinBee Verslui
Diego Perez, CEO @ the Fintech Association of Brazil – ABFintechs and Co-Founder @ SMU Investments

Michel Breeuwer, General Manager Benelux @ Mambu

21 October | Main Stage | GMT +3 /
Time
Topic
Speakers
10.25-11.30
EMPOWERING GREEN FINANCE. BIG CHANCE FOR FINTECHS?

Alex Gibb (moderator), Partner @ Katalista Ventures and Advisor @ Sumup
Dominykas Stankevičius, Investment Associate @ Launchpad Capital
Tee Pruitt, Head of Partnerships @ Doconomy
Akvilė Bosaitė, Partner and Co-Head of Banking & Finance Practice Group @ COBALT Legal
Rosvaldas Krušna, Chief Specialist @ the Bank of Lithuania

11.30-12.35
DATA PRIVACY vs. AML/KYC

Martynas Bieliūnas (moderator), Managing Partner @ Privacy Partners Group
Domantas Čiuldė, Co-Founder and CEO @ Idenfy
Faisal Islam, Head of FC/AML @ Sentinels.ai
Marios M. Skandalis, Director Compliance @ Bank of Cyprus
Taavi Tamkivi, Founder and CEO @ Salv

12.35-13.10
120M AUDIENCE – THAT FINTECH ECOSYSTEM HAS OVERLOOKED

Vaiva Amulė (moderator), Head of Fintech Hub LT
Sandra Golbreich, Co-Founder and CEO @ Baltic Sandbox

13.10-14.10
DeFi AND THE FUTURE OF FINANCE

Ash Costello (moderator), Member of Expert Panel @ EU Blockchain Observatory & Forum
Vytautas Karalevičius, Co-Founder @ Bankera and SpectroCoin
Vytautas Kašėta, Co-Founder & CIO @ SUPER HOW?
Chia Hock Lai, Co-Chairman @ Blockchain Association Singapore
Patryk Walaszczyk, Blockchain Consultant @ IBM

14.00-15.00
POWERING THE POTENTIAL OF PAYMENTS

Daumantas Dvilinskas, CEO & Co-Founder @ TransferGo
Marcilio Oliveira, COO & Co-Founder @ Sensedia
Marius Galdikas, CEO @ ConnectPay
Airidas Puodžiūnas, General Manager @ Contis

14.55-15.45
CYBER SECURITY: BEST PRACTICES TO OPTIMIZE INCIDENT HANDLING

Tomas Martinkėnas, Director of Security and Privacy @ Vinted
Mario Galatovic, VP Products & Alliances @ Ultimaco
Jessica Ramos, Head of Regulatory & Oversight Affairs @ EBA CLEARING
Marius Pareščius, Vice President @ Paysera

Tomas Beinaravičius (moderator), Senior Consultant @ Transcendent Group Baltics

15.45-17.00
FINTECH & AI: BREAKING DOWN FINANCE VERTICALS AND IN SEARCH FOR NEW HORIZONTALS

Jung Seok Kang, Founder and CEO @ AIZEN
Mariane ter Veen, Director, Lead Data Sharing @ Innopay
Dr. Yogesh Malhotra, Founding Chairman & CEO @ Global Risk Management Network

18.10
CLOSING

Louis Zezeran, moderator

9.00-9.10
OPENING

Louis Zezeran, moderator

9.00-9.15
WELCOME ADDRESS
9.15-10.25
MOVING FROM OPEN BANKING TO OPEN FINANCE. WHAT DOES THE FUTURE LOOK LIKE?

Ronalds Mesters, Co-Founder & CEO @ Nordigen
Aleksėjus Loskutovas, CEO @ NEO Finance
Gibson Nascimento, Head of Solutions EMEA @ Sensedia
Shaul David, Growth & Head of Banking @ Railsbank