One of the key predictions for the new decade is that tech giants, such as Amazon and Facebook, will move deeper into the financial services space. BigTech firms have grown significantly over the past years, and now they are comparable in size or even larger than some of the world’s biggest financial institutions. Both parties have their strengths and weaknesses, and it is only a matter of time to see what kind of impact this new setup will have on various aspects of the sector, such as the diversity of financial services, the inclusion of previously unbanked segments and financial stability. We can also witness different modes of interaction currently emerging between the two: some involve partnerships, while there are also signs of competition between BigTech companies and incumbent financial firms.
On 6th February, we are bringing some key players to the table to hear their insightful thoughts on the latest trends and to get a glimpse on how they actually see this shift. The regulatory perspective cannot be missed from the equation, so we will have Péter Fáykiss with us to share the viewpoint of the National Bank of Hungary (MNB) on this topic. István Maklári (Mastercard Advisors) and Péter Csányi (OTP Bank) will join him to shed light on how existing financial institutions are responding to BigTech’s new role in offering financial services.
The roundtable discussion will be moderated by András Fischer, the Head of OTP LAB.
18:00-18:05 Welcome speech of András Berczeli, Co-founder of Fintech Meetup@Budapest; and András Fischer, the Head of OTP LAB
18:05-18:25 Keynote speech on the ever-changing role of BigTech companies in the financial sector (István Maklári – Mastercard Advisors)
18:25-19:10 Roundtable discussion (István Maklári – Mastercard Advisors, Péter Fáykiss – National Bank of Hungary, Péter Csányi – OTP Bank, Lukas Dzuroska - EFMA)
From August 2016, Péter Csányi is leading the Digital Sales and Development Directorate at OTP Bank as Managing Director, and from January 2019, he is leading the Omnichannel Tribe at OTP Bank. In addition, he is a member of the Supervisory Board of OTP Mobile, and a member of the Supervisory Board of OTP Bank Russia, and president of the Supervisory Board of OTP Bank Croatia.
Since 2009 Péter Fáykiss has worked for the National Bank of Hungary, and in 2013 he became the Deputy Head of Division for Financial Regulations of Ministry for National Economy. In 2014 he was appointed as the head of the Macroprudential Policy Department of the MNB, from 2017 he served as the head of the Macroprudential Directorate, and from 2019 he is the Director for Digitalization at the MNB.
István Maklári is the Regional Head of Mastercard Advisors since 2017. He joined the Mastercard Advisors in 2013, and since then, he has gained deep knowledge on mobile banking and digital technologies as a project leader. Later, he was promoted to senior project manager, being responsible for more than 50 projects.
As Country Manager at Efma, Lukas is responsible for managing relations with all member and non-member financial institutions in Poland, Turkey and the Nordic region. In addition, as the Program Director of the SME Summit and SME Banking Council at Efma, Lukas has demonstrated his expertise on various topics connected to innovation and transformation in retail and SME banking. Moreover, for the past five years, he has co-hosted the Efma Accenture Innovation Awards in Banking with Jim Marous and has spoken at numerous international conferences.
András Fischer worked for many years at different management consulting firms on strategy-, product development- and M&A related projects before joining OTP Bank in 2015. From 2017 he leads OTP Bank’s innovation hub.