The Rise of Open Banking
and Sustainable Investment


clock3PM GMT | 9AM CST | 10AM EST | 7AM PST

stopwatch50 MINUTES

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    Why should you attend this webinar?

    Do you play a critical role in spearheading innovation in your financial services business? Are you or your team responsible for driving your organisations ESG initiatives? Do you work in the financial services sector?

    If you answered yes to any of the questions above, then this event is for you. With innovative technology and sustainable investment taking centre stage, staying informed can help you navigate the market with confidence.

    Key Takeaways

    Ethical Investment in Financial Services

    How Can Sustainable Technology Revolutionize the Sector?

    Is Open Banking the Future?

    Host and Speakers

    Chirag Thakral

    Head of Banking & Capital Markets at Capgemini Research Institute for Financial Services

    Chirag is the Head of Banking & Capital Markets at Capgemini Research Institute for Financial Services. He has over 16 years of experience as a strategy and thought leadership professional with in-depth financial services, professional services, and FinTech industry expertise. He has consistently represented Capgemini as a spokesperson in Banking with clients and leading media houses.

    Sam Mamudi

    Director, Head of Editorial, BlackRock Alternatives

    With a demonstrated history of operating in the financial services industry with brands such as Bloomberg and Euromoney. Sam is highly skilled in business journalism and communications, editing and writing, and management and leadership. Known in the industry as a strong finance professional with a Master’s degree from the University of Oxford, he drives platform content strategy for BlackRock’s alternatives business whilst overseeing editorial and publishing for private markets thought leadership.

    Rachael Kinsella (Host)

    Editor in Chief

    Rachael has specialized in professional and financial services editorial, business development, marketing and communications since 2003. An enthusiastic advocate of the power of thought leadership, she thrives on the challenge of forming and delivering creative concepts and content from complex data and themes, bringing unique ideas and perspectives to life. Highlights include leading and crafting thought leadership programs for global superbrands, including the flagship financial regulation series at KPMG International and Corporate Financier magazine at the ICAEW Corporate Finance Faculty.

    Join our webinar as we explore these topics with our guest speakers from Capgemini, BlackRock, and iResearch’s very own Editor in Chief, Rachael Kinsella.

    Register today for our latest webinar

      What You Will Learn

      Ethical Investment in Financial Services

      • Customers want a seamless end-to-end experience across every channel, service, and product. How can financial institutions better align to suit their customer’s needs and meet sustainable objectives?
      • Start-ups and younger companies are thinking outside of the box with sustainable technology, as they lack legacy systems in place from their older contemporaries. How can these older financial institutions move away from their established models and adopt new policies and regulations for younger generations of customers?
      • Financial firms need to balance improving their ESG credentials with the need to survive the impacts of the current situations (COVID-19, global cost of living crisis, Ukraine/Russian war) and manage issues such as credit risk, cost reduction, and consolidation. What policies are currently in place to manage the current issues and better serve customers?

      How Can Sustainable Technology Revolutionize the Sector?

      • In our report, “How Sustainable is the Technology Sector?” – we asked the industry what technology was contributing most to sustainability practices. Artificial intelligence makes up 68%, and blockchain 56%. How have these rising technologies affected the way financial institutions operate and service their customers and what can panellists suggest to improve this?
      • What are some of the emerging sustainable technologies in the finance industry?
      • How may fintechs play pivotal roles in the pathway toward a low-carbon sustainable future?
      • Should financial firms re-design their business models to ensure they are environmentally sustainable – what systems do your companies currently have in place?
      • In our recent survey of 200 respondents, the cost makes up 32.29% of challenges for sustainability in financial service companies. What financial resources are available for sustainable infrastructure?

      Is Open Banking the Future?

      • By creating complex chains of data access, is open banking more susceptible to corruption and fraudulent activity?
      • When Open Banking legislation was introduced in 2018, the idea was that it would drive innovation and competition in financial services. How have you seen this play out so far in your area of FS? Do you think it is enabling the sector to become more agile and innovative in terms of sustainability?
      • Conversely, what are some of the roadblocks or challenges you are seeing right now?
      • Open banking has implications for energy usage -particularly in creating and storing vast amounts of data. Are we doing enough to make sure open banking really is sustainable?
      • Australia’s approach to open banking has been slightly different from the UK’s. Australia’s legislation aims to roll out open data sharing across a wider range of financial and non-financial sectors, including pensions, insurance, and energy. Do you think the UK (and the rest of the world) should be pursuing this more “joined-up” approach? Why or why not? What specific impact do you think it would have on sustainability?
      • Sustainability isn’t just about ecological concerns – it’s about sustainable social relationships too. Has open banking been successful in improving financial inclusion so far? What could this look like in the future?
      • One of the barriers to sustainable change across sectors is the perception that it incurs high costs. Is this true for open banking? What costs does it incur, or save?
      • One of the barriers to the uptake of open banking is public concern around security and data privacy. What successes have you seen in terms of education initiatives and fostering trust?

      Did You Know?

      Nearly 50% believe sustainability will drive new customers.

      Just over one-third (37%) believed enough was being done, while only 18% believed not enough was being done to finance sustainable development and practices.

      57% of financial services professionals believe governments need to do a better job of supporting sustainability initiatives.

      36% thought that competitor financial institutions, from banks to hedge funds, lacked the resources to become sustainable and that they are still managing the short-term impacts of COVID-19.

      45% of financial services professionals said cost was the biggest barrier to adopting more sustainable strategies.

      Source: How Sustainable is Financial Services?, iResearch Services, 2021.

      Join us for our webinar on Thursday, 23 February 2023, where our host, Rachael Kinsella, Editor in Chief at iResearch Services, will discuss with our renowned panelists, “The Rise of Open Banking and Sustainable Investment”.

      The conversational format will allow an open dialogue for viewers to get their questions across to the panelists to learn more about how financial firms need to balance improving their ESG credentials to better serve customers, a discussion on open banking – including regulatory and policy demands, data security and privacy concerns, as well as innovative technologies powering the financial services sector.

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