Taking the line of thought we began with our Financial IT and Banking Technology conference one step further, we proudly introduce our industry-leading event, Financial IT and Disruptive Technologies, where we will discuss the digital transition of banks and insurance companies, as well as the main challenges and best practices in the sector, with the participation of key players from both finance and IT.
Hungarian financial institutions are lagging behind the average in terms of digitalisation according to the National Bank of Hungary, ranking only 25th in Europe, and this shows in the cost efficiency of banks. Developments are sluggish and costly, and the situation is no better at insurance companies, either. Complex legacy core systems and organisational cultures prevent financial institutions from carrying out a comprehensive digital transformation.
Meanwhile, fast-reacting challenger banks and insurers have entered the market looking to nab the revenues of incumbents, while big tech companies may introduce new financial services at any time. PSD2 has also arrived, and the instant payment system will launch this summer, which also represents a major task for banks. What can banks and insurers do in such a tight spot? How can they preserve their advantage? Will they beat or tame their challengers? Or will they simply shift up a gear and leave them standing?
We will seek answers to these and many other questions at our industry conference, held for the seventh year running, where international speakers, bank and insurance executives and IT opinion leaders will share valuable knowledge with attendees. We offer participants a full day of professional programmes, parallel thematic sections in the afternoon, a reception in the evening, and numerous networking opportunities throughout the day.