21 - 22 May, 2019 | Melbourne

Conference Day Two: Wednesday, 31st October 2018

8:30 am - 9:15 am MORNING COFFEE

9:15 am - 9:20 am Opening Remarks from the Chair

9:20 am - 10:00 am PANEL DISCUSSION: Building Operational Readiness for Open Banking to Manage a Seamless Transition

Open Banking is going to disrupt business as usual. With its far reaching impact, every inch of a bank will be affected. But how do you ensure that this is minimized and the shift to the regime is as seamless as possible. This session will discuss:

  • A checklist: Ensuring that your systems and process are up to speed for a disruptive change
  • Making sure your staff are well equipped for the changes and spreading internal awareness
  • Can your core banking platform handle the change?
  • Developing a blueprint for API integration

Panelists:

10:00 am - 10:40 am PANEL DISCUSSION: How Open Banking will Create Greater Consumer Outcomes by Opening up Avenues for Better Insights

Peter Lalor - CEO, Money Brilliant
Although open Banking is new the concept of sharing third party data isn’t, especially for Fintech. Businesses like Money Brilliant have been using third party data through screen scraping to providing financial management advice to their customers for years. But with the advent of open banking the sharing of data will be more seamless enabling greater products and services. This session will address:

  • How to tap into data from third parties to improve products and services
  • Developing algorithms to leverage third party data
  • Understanding the benefits of working with data aggregators
img

Peter Lalor

CEO
Money Brilliant

10:40 am - 11:10 am MORNING TEA

11:10 am - 11:50 am Panel Discussion: The Benefits of Leveraging Open Banking Data to Improve Lending, Super and Insurance Products

Callam Porch - Senior Manager, Digital Strategy and Innovation, QSuper
The Open Data regime will increase the ease and convenience of applying for loans and also opens up new opportunities to improve insurance and super products. This session will explore how you can get ahead of the curve, by delivering personalized lending by tapping into third party data. This session will:

  • Mapping your customer journey and identifying fracture points that can be fixed with third party data
  • Creating a seamless customer interface
  • Speaking to your customers to understand what they really want
img

Callam Porch

Senior Manager, Digital Strategy and Innovation
QSuper

11:50 am - 12:30 pm Looking Beyond the Hype of Open Banking and Exploring the Best Ways to Monetise the Data

George Lucas - CEO and Managing Director, Raiz Investment
Raiz Invest is the largest micro investment platform in in Australia. It has been using third party data to provide better services to their customers using screen scraping since it set up in 2016. The founder and CEO controversially says that he is indifferent to the Open Banking regime, expect for the degree of certainty that it brings to the ecosystem. He will raise some compelling questions about the open banking regime, including the associated liabilities, then impact on competition and cracking the API structure.

  • Comparing the functionality of screen scrapping and Open APIs
  • Addressing the liabilities of open APIs and securing your data
  • Building a competitive edge
img

George Lucas

CEO and Managing Director
Raiz Investment

12:30 pm - 1:30 pm LUNCH

1:30 pm - 2:10 pm Navigating the Challenge of Integrating APIs into Legacy Systems

The difficulty presented by banking infrastructure is that most of them are cumbersome legacy systems. Once the APIs have been developed, one needs to look into creating an integration layer that will allow you to embed this into your legacy infrastructure. This session will investigate how.

  • Conducting an in-depth audit of your IT legacy systems
  • Developing a blueprint to create a seamless integration layer

2:10 pm - 2:50 pm Unlocking the Benefits of Open Banking: Social Scoring and Predicting Consumer Behavior

Michael Phillipou - Co-founder and CEO, Lodex
Open APIs will take social scoring to new heights. As an alternative to credit scoring, it will provide a more holistic view of customers and their behavior. The question is, will it replace credit scoring? And what are the implications of privacy and security.

  • Evaluating the pros and cons of social scoring
  • Investigating its impact on delivering a seamless customer experience
img

Michael Phillipou

Co-founder and CEO
Lodex

2:50 pm - 3:20 pm AFTERNOON TEA

3:20 pm - 4:40 pm Exploring the Opportunities for Neo-Lenders in the Open Banking Regime

Anthony Nantes - CEO, Wisr
The Open Data regime will increase the ease and convenience of applying for loans and lending products. This session will explore how you can get ahead of the curve, by delivering personalized lending by tapping into third party data. This session will:

  • Mapping your customer journey and identifying fracture points that can be fixed with third party data
  • Creating a seamless customer interface
  • Speaking to your customers to understand what they really want

Anthony Nantes

CEO
Wisr

4:40 pm - 5:20 pm Attracting New Customers by Tapping into Open APIs

The Open Banking regime will create great opportunities the neo-banks to grow their market share. This session explores how.

  • Understanding cloud-based banking
  • Discussing how Open APIs can be used to grow your customer base
  • Addressing the role of open banking in improving your product offering

5:20 pm - 5:30 pm Closing Remarks from the Chair

5:30 pm - 5:30 pm END OF CONFERENCE