Mobey Forum’s first member meeting in 2023 was hosted by Raiffeisen Bank International, in collaboration with Finshape and Merkle, at the beautiful Austrian National Library in March.
Here are some of the key takeaways:
👉 In time of war, credit scoring can be of extreme importance for individuals.
👉 Who makes more mistakes, human or machine? Are consumers ready for AI as their financial advisor? What’s the importance of human touch?
👉 Embedded Finance is nothing new – the only difference is that now it’s digital. However, it’s very hard to find a definition that everyone agrees with. The biggest opportunities in Embedded Finance will probably be in the SME/Corporate space.
👉 Banking architecture: “From silo-based products in a spaghetti architecture to reusable enablers in a lasagne architecture”
👉 Hard work, focus on the end goal and patience are the key ingredients for winning smartly.
👉 Addressing the elephant in the room: how can banks and the payments industry push sustainability if their business models are based on increasing the number of transactions (and consumption). Solution: circular economy.
👉 Financial wellbeing is peace of mind, and stress is the other side of the coin. Banks and consumers use different words to talk about financial wellbeing.
👉 “You need to listen to lawyers but only to a certain point!”
👉 Estonian proxy payments is pushing aside the need for request to pay.
Agenda and list of speakers available here.